Income tax
This query is : Resolved
23 November 2018
Can a company raise its capital through issue of chits like chit scheme ?
Nikhil Kaushik
(Expert)
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?
Nikhil Kaushik
(Expert)
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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