Chit fund company
This query is : Resolved
27 August 2016
whether chit fund Company can be formed as per Companies Act,2013? What is procedure for formation of Company?
27 August 2016
1. Yes, can be formed.
2. Only one 'main object' is permitted, ie chit business alone.
2. Only one 'main object' is permitted, ie chit business alone.
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