In a bid to prevent people from investing in Ponzi schemes, financial regulators – RBI, SEBI, IRDAI and PFRDA along with other entities like National Housing Bank, Registrar of Companies, State governments and the Economic Offence Wing have joined hands to launch a website www.sachet.rbi.org.in to help people check the credibility of a company before investing in any scheme.
Simply put, investors can now check if the company in which they plan to invest their hard-earned money is registered with any of the regulator and permitted to receive deposits.
“The website is launched with the objective to control the incidents of unauthorized acceptance of deposits by unscrupulous entities. In the recent past, there has been a spurt in the activities of the entities which accept money under various garbs by violating the directions of the regulators and structure their scheme in a manner which escapes the apparent meaning of deposits and the attention of the regulators,” states the sachet website.
Also, investors can lodge a complaint against registered as well as unregistered companies on this website. Further, the complainant can track the status of her complaint through this website.
If investors have been duped by any entity, they can share their experience on the portal to help others take informed decisions. This information will be shared with the concerned regulator. "This website is meant to gather information regarding any unauthorized acceptance of deposits/money through different schemes by any entity. The information provided here would be immediately shared with the concerned regulator/law enforcement authority who would initiate necessary action as per their procedures and processes,” states the website.
