This is determined either by auction or by tender or by such other manner as may be specified in the chit agreement. On occasions, disputes arise between the members and/ or the sponsors of the ...

In the absence of such evidence, they are bound to pay the prize amount within the stipulated time to the complainant as per the terms of the Chit Agreement. When they failed to do so, it must be ...

For instance, the Act mandates that the Chit Agreement has also to be physically signed. What this means is that for every chit, the member has to sign an agreement on a paper. The auction has to ...

A chit fund is a financial instrument that is a combination of savings and borrowings. It has been a part of India’s financial system for more than a century. At its most fundamental level ...

You must also ask for the chit agreement and go through the clauses. Ideally, the agent should provide a copy of the agreement to each subscriber of the deposit scheme before taking the money.

He executed the chit agreement, said Avinash Mohanty, deputy commissioner of police (CCS). Police arrested Jethwani and produced him in court.

The Competition Commission of India (CCI) has given a clean chit to railways and SAIL MoU. The competition watchdog says that JSPL's allegations do not hold ground as it would be incorrect to say ...

"After successful bid, Umesh received the chit amounts by executing Chit Agreement," an official release issued by the CCS DCP Avinash Mohanty stated. After receiving the amount, the accused ...

As per a charge-sheet, “At the time of commencement of new chit croups, the company submitted agreements it entered with new chit subscribers to the assistant registrar of chits and it would ...