https://www.taxtmi.com/news?id=11552 Allegations of fraud and cheating by companies conducting chit fund operations are subject to criminal and regulatory action under the Chit Funds Act and the Prize Chits & Money Circulation Schemes (Banning) Act, which mandate investigation by state law enforcement authorities, while alleged contraventions of corporate law are investigated by agencies under the corporate affairs ministry including specialised corporate fraud investigatory mechanisms. en-us Mon, 19 Aug 2013 18:21:32 +0530 Mon, 19 Aug 2013 18:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11552 Allegations of fraud and cheating by companies conducting chit fund operations are subject to criminal and regulatory action under the Chit Funds Act and the Prize Chits & Money Circulation Schemes (Banning) Act, which mandate investigation by state law enforcement authorities, while alleged contraventions of corporate law are investigated by agencies under the corporate affairs ministry including specialised corporate fraud investigatory mechanisms. News - Mon, 19 Aug 2013 18:21:32 +0530 https://www.taxtmi.com/news?id=11552