Incorporation of chit fund pvt ltd with moa &aoa- draft
This query is : Resolved
29 May 2017
kindly to provide me the procedure for inc of chit fund pvt ltd with draft of moa &aoa.
for which i am highly obliged with thankful.
sridharan.s. 9442679110
for which i am highly obliged with thankful.
sridharan.s. 9442679110
30 May 2017
nowadays, chit fund companies are not allowed to incorporate. however, you can incorporate NBFC.
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30 May 2017
thank you. i want to be clarify that chit fund companies regulated by state govt- register of chits. as earlier, if want to start chit fund activity, first incorporation with ROC - CHIT ACTIVITY AS MENTIONED THAT- CHIT FUND PRIVATE LTD specifically with as PVT COY INCORPORATION.IS THERE ANY CIRCULAR/NOTIFICATION. RBI, GUIDE LINES ON NBFC. CHIT IS BEING REGULATED BY STATE GOVT AUTHORITIES./NO NEED OF RBI APPROVAL/ PL. ENLIGHTEN .
31 May 2017
yes, in that case first you need to incorporate a pvt company if less than 7 members then through espice form and if more than 7 members then through inc - 7, by stating object of chit fund company and thereafter getting approval from respective ROC, you can go to registrar of chit fund of respective state govt for approval. you can start operation only after getting approval from the state govt.
31 May 2017
thanking you sir.
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