Chit Fund Department, Delhi recruitment Exam

Chit Fund Department, Delhi recruitment Exam
The Chit Fund Department was set up by the Government with the main objective of controlling the activities of Chit Fund Companies of Delhi through the Madras Chit Fund Act, 1961 extended to Delhi and Delhi Chit Fund Rules, 1964. Chit fund Companies operating in Delhi as a practice, first obtain a certificate of incorporation from the Registrar of Companies.

Act and Rules of the Chit Fund Department, Delhi
The Madras ChitFunds Act
Delhi Chit Fund Rules
The Chit Funds Act, 1982
Delhi Chit Fund Rules, 2007
The Prize Chits and Money Circulation Schemes (Banking) Act 1978
The Prize Chits and Money Circulation Schemes (Banking Delhi) Rules, 1980
The Delhi Protection of Interests of Depositors (In Financial Establishments) Act ,2001

What is Chit Fund:
"Chit" means a transaction ( whether called chit fund, chit, kuri or by any other name), by which the foreman enters into an agreement with a number of subscribers that everyone of them shall subscribe a certain sum for a certain period and each subscriber in his turn as determined by lot or by auction, shall be entitled to a prized amount.

Address:
Chit Fund Department, Delhi
India