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Daily Archives: September 3, 2024

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Salient New Aspects of Consumer Protection Act, 2019

Legal and Regulatory aspects of bankingBy Surendra NaikSeptember 3, 2024

Effective from 20 July 2020, the Consumer Protection Act, of 2019 replaces the more than three decades old Consumer Protection Act, of 1986. The new Consumer Protection Act 2019 seeks to revamp the process of administration and settlement of consumer disputes, with strict penalties, including jail terms for adulteration and misleading ads by firms. Among…

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