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KERALA CHIT ACT
Case registered over social media posts 'threatening' Kerala CM's security officerThiruvananthapuram City Cyber Police have registered a case and begun an investigation. This follows social media posts allegedly threateni...- ED searches against Empuraan producer Gokulam GopalanThe Enforcement Directorate conducted searches at the offices of Kerala-based businessman Gokulam Gopalan and others for an alleged foreign...
- Complainant has right to know about dissent in EC decisions: Ex CECs"Like in the case of the Supreme Court, the dissent should be uploaded on the EC website," the other CEC said.
- Crystal clear that MCC has become 'Modi Code of Conduct': Congress on EC clean chit to PMThere cannot be two sets of laws for Prime Minister Modi and the rest of the country, Randeep Surjewala said.
- Who killed the chit fund? Poor-friendly savings scheme falls to bad PR, strict regulationThe Rs 35,000-crore chit fund industry – which runs mostly on cash — is living in constant fear of coming under the income tax scanner.
- I-T department searches in TN, Karnataka, Kerala against ponzi opsIt was not immediately clear if the latest action had any connection to some politicians or their associates in Tamil Nadu.
- Kerala Chamber of Commerce and Industry condemns arrest of Amway MD Bill PinckneyKerala Chamber of Commerce and Industry has condemned the arrest of Bill Pinckney, Managing Director of Amway India, by Andhra Pradesh poli...
- Direct sellers move out of Kerala in state of fear as cops not allowing agents to operateDirect selling firms are cutting down their operations significantly in Kerala due to police harassment since the arrest of Amway India CEO...
- Experts pitches for separate law on direct selling industryConsumer policy experts asked Northeastern states of India to have a separate law on direct selling industry for proper segregation of ponz...
- We need specific rules for industry: William S Pinckney, AmwayTwo weeks on, Amway shrugs the chit fund episode off. Its CEO & MD William S Pinckney talks about the controversy and the way ahead.
- Arrests will not help India attract foreign companies, says AmwayAmway India said in a statement that it was seriously aggrieved and shocked at the sudden and unwarranted act of detention of its officials.
- Ficci condemns Amway CEO William Scott Pinckney's arrestFicci today said it was inappropriate and unwarranted since there is no criminality involved and the case should have been handled as a con...
- 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...
- 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.
- Government constitutes committee to frame laws for direct and network marketingThe government is gearing up to tighten noose around direct selling and multilevel marketing companies operating in the country.
- 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...
- 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...
- 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...
- 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...
- 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...
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