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Odisha Govt Extends Chit Fund Commission Tenure By Another 6 Months


02 February 2019

OMMCOM NEWS


Bhubaneswar: The State Government today extended the tenure of the Commission of Inquiry on Unauthorised Collection of Public Deposits for a further period of six months.

The tenure was about to end on 4th February, 2019. A notification in this regard was issued today by the State Home Department.

The notification reads, “It felt necessary to extend the tenure of the Commission of Inquiry consisting of Hon'ble Shri Justice M. M. Das (Retd.). The inquiry is in progress and the time stipulated is expiring on 04.02.2019. Now, therefore, in exercise of the powers conferred by Section 3 read with sub-section (1) of Section 5 of the Commissions of Inquiry Act, 1952 (60 of 1952) the State Government do hereby make the following amendment- In the said Notification for the words ‘48 (forty eight) months’, the words ‘54 (fifty four) months’ shall be substituted.”

Notably, the Justice MM Das Commission, probing the multi-crore chit fund scam in Odisha, has already recommended refund of money to small depositors soon as the Commission has submitted its fourth interim report to the Government.

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