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DR.V.NEELAKANDAN (PROD MANAGER)     16 May 2013

Chit funds or cheat funds

Sir

 A proprietor of a Chilt fund after receiving the last subscripttion from several persons told me that he has no moneyl to pay the amount and now absconding,No way to get the m;oney back  What ils the proceedure to get the maoney back Is there any law relatied to CHIT FUNDS



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 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     16 May 2013

Yes. There is a law. Chit fund businesses (Prohibition) Ordinance. Please go through it.


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