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Registrar Of Firms, Societies and ChitsGovernment Of Uttarakhand
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Recent Update
10-02-2011
Under Section/Module : FAQs
About Chits
Publish Date:
Q1. What types of chits is allowed under law
Ans. Only money chit is allowed under law.
Q2 Who can run a chit business?
Ans A corporate body or a registered firm can run a chit business.
Q3 Can a individual run a chit business?
Ans No
Q4 Is there any security money is required for chit business?
Ans. Yes,equilvalent to a total chit amount.
Q5. What is the maximum period for chit group?
Ans Twenty five months.
Q6. Is there ban on prize chit and money circulation?
Ans Yes.
Q7. Who is a foreman?
Ans A managing director of the company or partner of the firm will act as a foreman.
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- 10-02-2011 - About Chits (Under Section/Module :FAQs)
- 10-02-2011 - Chit Related Forms (Under Section/Module :Downloads)
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- 10-02-2011 - About Chit (Under Section/Module :Left Menu)
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- 10-02-2011 - Chit State Bye Laws (Under Section/Module :Left Menu)
- 10-02-2011 - Parntership State Bye Laws (Under Section/Module :Left Menu)
- 10-02-2011 - Society State Bye Laws (Under Section/Module :Left Menu)
- 10-02-2011 - Chit Banning Act (Under Section/Module :Left Menu)
