SFIO Submits Interim Report on Investigations Conducted Against 63 'Chit Fund' Companies

Last updated: 01 October 2013

Useful Information Collected from the Servers Located in India; Efforts on to get the Same from Servers Located Abroad An interim report has been submitted by the Serious Frauds Investigations Office (SFIO) of the Ministry of Corporate Affairs (MCA) about investigations conducted against 63 Chit Fund companies operating in eastern states of the country. While State Governments are the appropriate authorities for regulations of such Chit Fund companies under the Chit Funds Act 1982, but
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