Liquidation of Chit Fund Company

Ashish (XYZ) (86 Points)

23 August 2010

Hi Everyone.

I wanted to know about the liquidation of chit fund company under EES 2010.

Are we required to take any no obejection certificate for the purpose of liquidation ?
Is there anty other specific requirement apart from the standard procedure provided by EES 2010?

Your prompt response will be highly appreciated.

Regards

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HARDIK (COMPANY SECRETARY NCFM (Corporate Governance )) (664 Points)
Replied 23 August 2010

Chit Fund company also have to comply with RBI compliance. so apart form EES 2010 comply with RBI guidelines related to Chit Fund Company.

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Ashish (XYZ) (86 Points)
Replied 23 August 2010

Originally posted by : HARDIK
	Thanks for your response. Could you please let me know what sort of complaince are required from RBI. I tried to find the same but couldnt find it. Chit Fund company also have to comply with RBI compliance. so apart form EES 2010 comply with RBI guidelines related to Chit Fund Company.