Since 2016, the Union Government was in the process of drafting a central law to protect people investing in chit
fund schemes by bringing in a legislation on the same.
28 -- Kerala based Kalpetta Janakshema Maruthi Chits
also gives access to the subscription's account-management page on the publisher's site.
Mohapatra, who was interrogated by the central investigating agency, had also hinted at a political conspiracy and alleged witch hunt by the state government against some chit
An emergency radio infrastructure whose owner is complete CHITS
this interconnection service by providing a backup for the 3 main sites.
This isn't the proud Indian Rupee we're talking about, this is its less distinguished neighbour: the clean chit
AMO providing assistance in the development of markets for entretein work of CHITS
There is nothing wrong with chit
funds per se; if chosen with care, they can be a good place to park your funds
21, ( ANI ): Bharatiya Janata Party (BJP) leader Mukhtar Abbas Naqvi on Saturday described the central government as a castle of corruption and misgovernance, and said it is now giving clean chit
on all decisions it has made till now.
The proposed Prize Chits
and Money Circulation Schemes ( Banning) Amendment Bill, 2013, ( PCMCS) will give more teeth to enforcement agencies by allowing them to attach properties of fraudsters and bring in harsher provisions.
i) Draft Model Rules on the Multi Level Marketing Companies and on the prohibited schemes under the Prize Chits
and Money Circulation Schemes (Banning) Act, 1978;
The regulator of chit
funds is the registrar of chits
, appointed by respective state governments under Section 61 of the Act.
fund company means a company managing, conducting or supervising chits
as defined in Section 2 of the Chit
Funds Act, 1982.
The investigative agencies are giving clean chits
to people because of whom the Prime Minister had to apologise in front of the Parliament.
RBI also said that the Registrar of Chits
or an officer authorised by the state government may permit any chit
fund to accept subscription from NRIs on non-repatriation basis.