https://www.taxtmi.com/news?id=13606 No provision in the Companies Act governs chit funds; regulation and registration of chit funds are governed by the Chit Funds Act and implemented by State Governments. States register chit fund entities and enforce compliance, while the Central Government investigated multiple companies for alleged Companies Act violations and decided to prosecute them under the Companies Act and to share findings with the criminal investigative agency. en-us Fri, 28 Nov 2014 16:29:37 +0530 Fri, 28 Nov 2014 16:29:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13606 No provision in the Companies Act governs chit funds; regulation and registration of chit funds are governed by the Chit Funds Act and implemented by State Governments. States register chit fund entities and enforce compliance, while the Central Government investigated multiple companies for alleged Companies Act violations and decided to prosecute them under the Companies Act and to share findings with the criminal investigative agency. News - Fri, 28 Nov 2014 16:29:37 +0530 https://www.taxtmi.com/news?id=13606