Chit fund companies take any irregularity your rights as an investor are quite limited.
Broadly, these companies under the Ministry of Corporate Affairs Amount are registered as a company. They continue to take deposits from the general public, so the RBI as other banking company has created a separate category for them. Even then there's no guarantee your money will be back. It is advisable that you make note of chit fund invests in some time. No limit to be accepted by chit fund deposit, so these companies are affected by the investment fund not wise to proceed.
You may file a complaint with the Ministry of Corporate Affairs, but not much in the hands of the Ministry.will take time. Otherwise the same security precautions that are responsible only for their decisions.
Broadly, these companies under the Ministry of Corporate Affairs Amount are registered as a company. They continue to take deposits from the general public, so the RBI as other banking company has created a separate category for them. Even then there's no guarantee your money will be back. It is advisable that you make note of chit fund invests in some time. No limit to be accepted by chit fund deposit, so these companies are affected by the investment fund not wise to proceed.
You may file a complaint with the Ministry of Corporate Affairs, but not much in the hands of the Ministry.will take time. Otherwise the same security precautions that are responsible only for their decisions.
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