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CHIT FUND ACT
I am a victim of chit fund scam too: Odisha CM Mohan MajhiOdisha Chief Minister Mohan Charan Majhi revealed he fell victim to chit fund scams in 1990 and 2002, urging people to be cautious. He prai...24 Dec, 2024, 08.25 PM IST- Amended Chit Fund Act brings tighter norms, transparency. Should you use chit funds as savings tool?Now chit funds are trying to carve out a cleaner identity, a campaign that culminated in a slew of amendments to the Chit Fund Act. These c...03 Feb, 2020, 06.30 AM IST
- Bill introduced to raise cap on chit fund collectionsMinister of state for finance and corporate affairs Anurag Singh Thakur said a government-constituted key advisory group (KAG) and the parl...27 Nov, 2019, 07.08 AM IST
- Government proposes stringent law to check ponzi, unregulated depositsThe Union Cabinet chaired by Prime Minister Narendra Modi today gave its approval to introduce Banning of Unregulated Deposit Schemes Bill,...20 Feb, 2018, 11.57 PM IST
- Government to prosecute 14 chit fund firms for violating the company lawGovernment will start prosecuting proceedings against 14 firms, which fall under the category of chit fund companies, for violating the com...28 Nov, 2014, 06.55 PM IST
- Drop any move to scrap the Chit Fund ActThe Standing Committee of Parliament on Finance is inclined to seek scrapping the Chit Fund Act of 1982, in the wake of the Saradha and sim...20 May, 2013, 05.00 AM IST
- Parliament panel seeks scrapping of Chit Fund ActThe standing committee on finance has recommended the scrapping of the Chit Fund Act, 1982, in the wake of the collapse of the Saradha chit...18 May, 2013, 07.36 AM IST
- 'Don't confuse 'Ponzi schemes' with chit funds'Tamil Nadu Chit Fund Companies Association President Y S Mathivanan said people wrongly associated ponzi schemes with chit funds.03 May, 2013, 09.31 PM IST
- Saradha Group has nothing to do with Chit Fund business: CFAIObjecting to the use of word 'Chit Fund' in Saradha financial fraud, CFAI said none of the entities of the Group was operating as a registe...29 Apr, 2013, 06.59 PM IST
- Saradha Group has nothing to do with chit fund business: CFAI"The failure of some Multi-level Marketing or a ponzi scheme is explained as failure of a Chit Fund company. This is totally unfair," Sivar...29 Apr, 2013, 05.28 PM IST
- Unified financial regulation needed on mass swindling of poor saversAt present, the RBI bears the regulatory responsibility for non-banking finance companies, and Sebi, for collective investment schemes.27 Apr, 2013, 02.52 PM IST
- State govts responsible for regulating Chit funds: OfficialsThe Centre today said it has no role in governing Chit fund business, which is regulated by state governments.24 Apr, 2013, 06.37 PM IST
- Central Chit Act will not change the way we operate: KSFE chairmanThe recently notified Chit Fund Act of 1982 will not alter the working style of the state government-promoted Kerala State Financial Enterp...18 May, 2012, 11.49 AM IST
- Central Chit Act will not change the way we operate: Kerala State Financial Enterprise chairmanThe recently notified Chit Fund Act of 1982 will not alter the working style of the state government-promoted Kerala State Financial Enterp...17 May, 2012, 10.32 PM IST
- Mutual funds & insurance companies eye chit funds to expand reachMutual funds and insurance companies have found a new ally in chit funds, a traditional savings scheme, for reaching out to small-town inve...17 May, 2012, 06.02 AM IST
- Chit fund act extended to Gujarat, Kerala, four other statesNagaland, Haryana, Tripura, and Arunachal Pradesh are the other states that will come under the Act, providing a cushion for small savers w...02 May, 2012, 03.53 AM IST
- Chit fund companies on the rise in KeralaFrom modest beginnings here in the 1800's to provide loans to traders and merchants to tide over financial problems, chits funds or kuri co...07 Sep, 2009, 10.56 AM IST
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