Cabinet nod for revised Chit Funds Bill

The Union Cabinet has approved the introduction of the Chit Funds (Amendment) Bill,2019 in Parliament.The bill seeks to amend the Chit Fund Act,1982. The 1982 Act regulates chit funds and prohibits a fund from being created without the prior sanction of the state government.   Under a chit fund,people agree to pay a certain amount from… Continue reading Cabinet nod for revised Chit Funds Bill