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A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan and other Asian countries. Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. In some variations of chit funds, the savings are for a specific purpose.
The Tamil Nadu General Service Rules. The Tamil Nadu Basic Service Rules. The Tamil Nadu Leave Rules, 1933. The Tamil Nadu Pension Rules, 1978. The Tamil Nadu Government Servants Conduct Rules, 1973. The Tamil Nadu Civil Services (Discipline and Appeal) Rules. The Tamil Nadu State and Subordinate Services Rules, 1987.
Saradha Group financial scandal. The Saradha Group financial scandal was a major political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds [1] [2] [3] in Eastern India.
Saradha Group financial scandal: Collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies believed to be running so-called chit funds 2014 [ edit ] Aavin scam - Ten-year adulteration of milk supplied from societies of the Tamil Nadu State Milk Union, estimated at ₹ 27 lakh per day. [99]
Kitty refers to the amount collected at the party, every member contributing a certain sum of money each month. The kitty is handed over to one member of the group every month. [1] Chit funds operate along similar principles, and the chit-fund association of India has estimated there are thousands of Indian companies that include management of ...
Shriram Wealth. Shriram Properties. Website. www .shriramcapital .com. Shriram Group is an Indian conglomerate headquartered in Chennai. It was founded on 5 April 1974 by R. Thyagarajan, [3] AVS Raja and T. Jayaraman. [4] [5] [6] The group had its beginning in chit funds business and later on entered the lending and insurance businesses.
Enacted by. Imperial Legislative Council. Commenced. March 1, 1882. Status: In force. Indian Trusts Act, 1882 is a law in India relating to private trusts and trustees. The Act defines what would lawfully be called as a trust and who can legally be its trustees and provides a definition for them. The Indian Trusts Amendment Bill of 2015 amended ...
A self-help group (commonly abbreviated SHG) is a financial intermediary committee usually composed of 12 to 25 local women between the ages of 18 and 50. Most self-help groups are in India, though they can be found in other countries, especially in South Asia and Southeast Asia. A SHG is generally a group of people who work on daily wages who ...