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
- ITR 3 VALIDATION
- Brokage income from sale and purchase of property
- EPF withdrawal before 5 years and Disclosure in ITR-2
- Clarification on ITR 3: Is Sl. No. 64 required for 44ADA income?
- Investment guidance for NRI
- PRESUMPTIVE INCOME & FUTURE AND OPTION INCOME
- Repurcussions for seller due TDS on sale of property
- RESIDENTIAL STATUS FOR ITR IF GONE FOR EDUCATION
- VDA virtual Digital currency or cryptocurrency.
- 1.25 lakh exemption in LTCG on equity not getting reflected in ITR
- I need itr code under 44D of TDS cut under sec 194c
- Transfer of partnership interest in LLP
- Accounting entry for instalment payments and gst obigations
- Purchase of Time Deposit in AIS
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Stamp Duty & Registration Fees on Sale Deed
- GST on Restaurant service
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
