Day: February 28, 2019

Banning of Unregulated Deposit Schemes Ordinance: Bad news for small businesses?

The recently promulgated ordinance—The Banning of Unregulated Deposit Schemes Ordinance, 2019—is well-intentioned and is meant to prohibit acceptance of deposits by unscrupulous persons, causing loss of savings of common people. Concerns have been expressed that the law is extremely harsh and will lead to hardship for many individuals, small businesses, […]