Tribunal; (h) chit fund company means a company managing, conducting or supervising, as foreman, agent or in any other capacity, chits as defined in section ... Reserve Bank of India Act, 1934 and includes a chit fund 2 of 1934. company, a housing finance institution, an authorised person, a payment system
Chit Fund subscription amounts and his acts are governed by the A.P. Chit Funds Act, 1971 and Chit Funds Act, 1982 . He relied ... that in the case of Mangal Dayak Chit Fund, Neeladri Chit Fund, Kalpatharuvu Chit Fund and Katiyani Chits & Finance, the orders of the Commissioner
this State for regulating Chit fund business and as a result, some of the Chit Fund Companies in Tamil Nadu, Kerala, Maharashtra and Andhra Pradesh ... other business by chit fund institutions: Chit fund institutions may be prohibited from conducting any other type of business except chit business or granting
Complainants and told that they are agents of one chit fund
company, namely, Guru Sai Real Estate and Allied Limited and
they alluring the Complainants ... Complainants with the said
chit fund company had been misappropriated by the said company.
Being agents of the said chit fund company, prima facie
Prakash vs Udaya Sree Chit Fund Company on 5 March, 2010
NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION NEW DELHI
NATIONAL CONSUMER
DISPUTES REDRESSAL COMMISSION NEW DELHI ... Consumer Disputes Redressal Commission, Hyderabad)
A. PRAKASH
PETITIONER
VERSUS
UDAYA SREE CHIT FUND COMPANY,
NIZAMABAD RESPONDENT
BEFORE: -
HONBLE
MR. JUSTICE ASHOK BHAN, PRESIDENT
HONBLE
State for regulating chit fund business and as a result, some of the chit fund companies which came under the regulatory measures of the Tamil ... other business by chit fund institutions : Chit fund institutions may be prohibited from conducting any other type of business except chit business or granting
this State for regulating Chit fund business and as a result, some of the Chit Fund Companies which came under the regulatory measures ... other business by chit fund institutions: Chit fund institutions may be -prohibited from conducting any other type of business except chit business or granting
other business by Chit Fund Institutions : Chit Fund institutions may be prohibited from conducting any other type of business except chit business or granting ... amount of chits that may be conducted at any point of time : The aggregate amount of chits conducted by a Chit Fund Company
Vankayala Suryanarayana And Anr. vs Sri Sitarama Chit Fund Company ... on 24 September, 1992
Equivalent citations: 1993(1)ALT120
JUDGMENT
Immaneni Panduranga
collateral security for the chit amount and, therefore, the endorsement of transfer made by the chit fund company in favour of the respondent does ... entire chit, which was for 40 instalments, i.e., to run till September 6, 1972. In fact the chit fund company had issued a notice
