Are chit funds regulated by the government in India ?

in investments •  last year 

Chit funds are regulated by the government in India. The regulation of chit funds is under the Chit fund act 1982 (to know more about chit fund act 1982 visit https://kopuramchits.com/chit-fund-act/) which is legislated by the central government of India, this act provides a legal framework for the registration, regulation, and management of chit funds in India. Chit funds are also regulated by state governments, and they may have their own rules and regulations in addition to the central act.
It is also advisable to invest in a chit fund company which is registered under the chit fund act 1982, one such company I know is Kopuram Chits Private Limited which is registered under the act 1982, and has an industrial experience of 10 years. To know more about Kopuram chit funds company visit https://kopuramchits.com/

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