https://www.taxtmi.com/news?id=39858 Authorities searched residential and business premises and seized cash and documents after intelligence indicated the chit fund collected subscriptions from persons residing outside India without required permission, receiving significant amounts in cash and cheques and making cash payments to non residents in breach of Reserve Bank regulations and provisions of the Foreign Exchange Management Act. en-us Sat, 05 Apr 2025 14:16:02 +0530 Sat, 05 Apr 2025 14:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39858 Authorities searched residential and business premises and seized cash and documents after intelligence indicated the chit fund collected subscriptions from persons residing outside India without required permission, receiving significant amounts in cash and cheques and making cash payments to non residents in breach of Reserve Bank regulations and provisions of the Foreign Exchange Management Act. News - Sat, 05 Apr 2025 14:16:02 +0530 https://www.taxtmi.com/news?id=39858