Moa of chit company under companies act 2013
This query is : Resolved
22 March 2016
PLEASE SEND ME MOA OF A CHIT COMPANY TO GKJISHNU@GMAIL.COM
22 March 2016
Main object clause if given below.
To start and conduct kuries namely transactions entered into by the company with a number of persons that everyone of the contracting parties shall subscribe a certain amount of money by periodical installments for certain definite periods and that each in his or her turn as determined by lot or by auction or both shall be entitled to the prize amount less discount as may be provided fir in the agreement and in compliance of the rules and regulations of the Chit Fund Act,1982 (Central Act 40 of 1982), but the company shall not carry on the business of banking with in the meaning of Banking Regulation Act,1949.
To start and conduct kuries namely transactions entered into by the company with a number of persons that everyone of the contracting parties shall subscribe a certain amount of money by periodical installments for certain definite periods and that each in his or her turn as determined by lot or by auction or both shall be entitled to the prize amount less discount as may be provided fir in the agreement and in compliance of the rules and regulations of the Chit Fund Act,1982 (Central Act 40 of 1982), but the company shall not carry on the business of banking with in the meaning of Banking Regulation Act,1949.
11 April 2016
THANK YOU B CHAKRAPANI SIR
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sales of goods of amount Rs97 lakhs to a party
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
