Main Object Of CHIT FUND

CHIT FUND

 1. To carry on the business of conducting chits (auction and other chits), daily, weekly, monthly and at such interval as the company may decide from time to time and to canvass and admit subscribers for Auction Chit Schemes or other Benefit schemes (not amounting to lotteries), subject to the provisions of Prize Chits and Money Circulation Schemes (Banning) Act, 1978.

Chit Fund image - Main Object Of CHIT FUND
CHIT FUND

2. To lend money either with or without security upon such terms and conditions as the company may think fit to subscribers of the chits and to guarantee the performance of the contract by any such person, subject to the provisions of Prize Chits and Money Circulation Schemes (Banning) Act, 1978.

Contact us for Company registration in India, NGO registration in India, ISO certification in India on +91-8540099000

Email us at : [email protected]

Leave a Comment