Consumer protection in the Indian Financial Code

By:

ROY, SHUBHO

Contributor(s):

SANE, RENUKA

Material type:

Mixed materialsPublication details: 2013Description: 520-523NLM classification:

346.5407

In: CHARTERED SECRETARYMSummary: The IFC has approached consumer protection as a problem which has two parts. As in the Consumer Protetion Act 1986 it sets up a system to redress consumer complaints after an event has occured. However, unlike most other Indian legislation, IFC also proposses a system to prevent consumer interest being undermined before a financialproduct ar service is sold. The draft laws also carves out ussophisticated and small consumers from the larger set of consumers of financial services.This is done to provide extra legal action to such consumers.

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Holdings
Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		43/5	Available		P14883

The IFC has approached consumer protection as a problem which has two parts. As in the Consumer Protetion Act 1986 it sets up a system to redress consumer complaints after an event has occured. However, unlike most other Indian legislation, IFC also proposses a system to prevent consumer interest being undermined before a financialproduct ar service is sold. The draft laws also carves out ussophisticated and small consumers from the larger set of consumers of financial services.This is done to provide extra legal action to such consumers.

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