A person jioned in a chit fund company for a chit of 3000000 on monthly instalments of rs.100000 per month and chit fund company issued a pass book mentioning the chit group. he paid 21 instalments and latter the company not accepting the instalments and promissed to pay the amount paid by him only .But did not paid the amount despite repeated demands. At last he got doubt on the chit fund company and went to the chit registrar where the company registered the chit and deposited security deposits for conduct the chit. the PERSON wondered there is no name of his in the list of subscriber's which the chit fund company submitted the list of subscribers for conducting the chit as per the pass book issued to him.
1.THERE is no name in the subscribers list
2.issued pass book mentioning the chit group
3.collected the amount and simply noted in the pass book.
hence i request all the experts give a suitable advices on the subject
Thanq very much experts in Advance.
Dear querist,
File police complaint to local police station as company is illegal and company may not pay your investment.
Regards,
