https://www.taxtmi.com/news?id=13098 Chit fund operations are regulated by state registration under the Chit Funds Act, 1982, while cheating through fraudulent chit schemes is an offence under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978, subject to State investigation and prosecution. Corporate-law violations by chit fund companies are pursued under the Companies Act via investigations conducted by the Serious Fraud Investigation Office, which operate in addition to actions initiated by State police authorities. en-us Wed, 16 Jul 2014 09:52:42 +0530 Wed, 16 Jul 2014 09:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13098 Chit fund operations are regulated by state registration under the Chit Funds Act, 1982, while cheating through fraudulent chit schemes is an offence under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978, subject to State investigation and prosecution. Corporate-law violations by chit fund companies are pursued under the Companies Act via investigations conducted by the Serious Fraud Investigation Office, which operate in addition to actions initiated by State police authorities. News - Wed, 16 Jul 2014 09:52:42 +0530 https://www.taxtmi.com/news?id=13098