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The first thing you should find out is whether the Chit Fund was registered. Is there any Chit agreement that your brothers and their friends signed? Under the Chit Fund Act, 1982, there is no relief available if you invest in an unregulated Chit Fund, especially with the lack of receipts or any other kind of documentation. Depending on the answer, a ...
Wazzeer Professional Network
ProfessionalWhat are the measures one should take if the person and his brother signed an agreement as customers with a Chit Fund, and now are been cheated by the chit fund?
-
Wazzeer Professional Network
ProfessionalThe first thing you should find out is whether the Chit Fund was registered. Is there any Chit agreement that your brothers and their friends signed? Under the Chit Fund Act, 1982, there is no relief available if you invest in an unregulated Chit Fund, especially with the lack of receipts or any other kind of documentation. Depending on the answer, a case for fraud or non-payment of deposit can be filed against him. You can also file a criminal case of cheating against him. Additionally, if he is threatening people with false cases of rape, a complaint about criminal intimidation can also be filed against him.
To take this discussion forward, all you have to do is ->"Get Started"
over 3 years ago
View answer
What are the measures one should take if the person and his brother signed an agreement as customers with a Chit Fund, and now are been cheated by the chit fund?
-
Wazzeer Professional Network
ProfessionalThe first thing you should find out is whether the Chit Fund was registered. Is there any Chit agreement that your brothers and their friends signed? Under the Chit Fund Act, 1982, there is no relief available if you invest in an unregulated Chit Fund, especially with the lack of receipts or any other kind of documentation. Depending on the answer, a case for fraud or non-payment of deposit can be filed against him. You can also file a criminal case of cheating against him. Additionally, if he is threatening people with false cases of rape, a complaint about criminal intimidation can also be filed against him.
To take this discussion forward, all you have to do is ->"Get Started"
over 3 years ago
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