Chit fund rules, chit fund systems, chit fund updates, chit fund news

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CHIT LAWS CHIT FUND PROCESS


CHIT LAWS In

India, if the value of the chit run by a chit fund operator exceeds Rs. 100 and is not registered, it is considered to be an illegal chit fund.


SAFE AND SOUND Every

institutionalized and registered chit fund is safe and sound and offer greatest support to its customers.



A CHIT FUND COMPANY A

Chit fund is a kind of savings scheme practiced in India. A chit fund company is a company that manages, conducts, or supervises such a chit fund, as defined in Section of the Chit Funds Act, 1982. According to Section 2(b) of the Chit Fund Act, 1982:


CHIT FUND COMPANY USUALLY  To

start a chit, a chit fund company usually advertises a chit fund scheme and enrolls interested members. All chit fund schemes have a period, contribution and a set of members. the number of members in the chit will equal to the period, and each of member will be required to contribute a fixed amount for each period.


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