Special Task Force Constituted in the SFIO to Investigate The Affairs of Certain Chit Fund Companies
The Ministry of Corporate Affairs has taken note of the misuse by certain “Chit Fund Companies” who have raised huge sums of money from the public at large. The State Governments are the appropriate authorities for regulation of such chit Fund companies/Schemes under the Chit Funds Act 1982. However, in view of the larger public …