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Total 13 results found. Search for [ chit funds act 1982 ]

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November 28, 2019
The Chit Funds (Amendment) Bill, 2019 was passed by voice vote in Rajya Sabha. The bill got Lok Sabha's nod on November 20

February 24, 2019
The clarification comes amid rumours that deposits under chit funds and loans taken by small businesses from unrelated parties and enterprises are also prohibited.

February 24, 2019

Money Today Team
New Delhi, March 8, 2018
To safeguard the savings of small investors, the Union Cabinet, chaired by Prime Minister Narendra Modi

January 16, 2018

New Delhi, November 3, 2015
Murthy said that country-wide there are about 10,000 registered chit funds with an annual turnover of Rs 30,000 crore.
August 8, 2013
Money Today experts answer personal finance queries related to banking, taxation, real estate, insurance and retirement.

Rahul Oberoi/Money Today
May 29, 2013
The savings tool continue to find favour with financial advisors. The catch: A lot depends on promoters following the strict rules that have been laid down for them.
June 11, 2013
All India Association of Chit Funds General Secretary TS Sivaramakrishnan says registered chit funds are safe to invest in.

Kartikeya Sharma
New Delhi, May 18, 2013
The market regulator, Securities and Exchange Board of India (Sebi), has said that it cannot regulate chit fund companies because of jurisdictional issues.

Sarika Malhotra
May 7, 2013
The industrial town of Haryana became a refuge of hundreds of chit funds based in Kerala after the southern state enacted the Kerala Chitties Act, 1975. This led to an exodus of chit funds from Kerala to other states, especially to Jammu and Kashmir and Haryana, where similar laws were not promulgated at the time.

M.G. Arun
May 8, 2013
Driven by the lack of legitimate savings schemes for the rural poor, inadequate regulations and political patronage, hundreds of illegal Ponzi schemes masquerading as collective investment schemes or chit funds have sprung up across India.

Rosy Kumar
New Delhi, January 24, 2011
After the coming into force of the Consumer Protection Act, 1986, several cases of disputes pertaining to chit funds have been brought before consumer courts.