Income tax

This query is : Resolved 

23 November 2018 Can a company raise its capital through issue of chits like chit scheme ?

24 November 2018 not unless you wish to become a public company. even here you need to look at SEBI provisions and see how it dealt with Sahara case.

24 November 2018 What if its a private limited company and its mentioned in its MOA to issue chits?

24 November 2018 as I said, refer Sahara case.

24 November 2018 Cant relate Sahara case and mine sir? could u please brief it


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