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Chit fund act 1982

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 December 2016 A Person want to start a Registered Chit fund Business. Is Proprietary Concern can get a registration certificate under Chit Fund Act 1982. I mean Is he eligible to register a Proprietary Concern Under Chit Fund Act.
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CA Suresh Jain

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CA Suresh Jain (Expert)
10 December 2016 As per my understanding, only a firm or association of individuals or Company or Co-operative Societies can do Chit fund business. Individuals can not work have business of Chit Fund
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