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The Chit Funds Act, 1982 (Act No. 40 of 1982) Last Updated 30th December 2019 [act358][19th August 1982] LEGISLATIVE HISTORY Amended by Chit Funds (Amendment) Act, 2001 (10 of 2001) Amended by Act
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Chit Funds Act is a regulatory act that governs the operations of chit funds in India.
Chit fund companies and operators are required to file the chit funds act.
Chit fund companies need to provide information about their operations, financial statements, and compliance with the act.
The purpose of the Chit Funds Act is to protect the interests of individuals participating in chit funds and to regulate the operations of chit fund companies.
Information such as financial statements, details of chit fund schemes, compliance with regulations, and any penalties or fines imposed.
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