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FSLRC submits draft Financial Code Bill
March 29, 2013March 29, 2013by In Infrastructure Finance

FSLRC submits draft Financial Code Bill

Finance Sector Legislative Reforms Commission (FSLRC) recently submitted a draft Indian Financial Code Bill which contains 450 clauses and six schedules. The code was submitted to give effect to its recommendations on the financial architecture of the country. Among various recommendations of the panel, the prominent one is the setting up of a Unified Financial Agency (UFA) by merging several regulators such as Sebi,