chit

The Competition Commission of India (CCI) has given a clean chit to tyre manufacturers over allegations of cartelization due to lack of evidence, reports CNBC-TV18. Also read - CCI finds no cartelisation among tyre manufacturers At 09:20 hrs Apollo Tyres was quoting at Rs 87.60, up Rs 0.60...

ORIGIN OF CHIT SYSTEM The chit system did not originate with overseas Chinese remittances nor with so-called native banks. Chits are a British colonial invention. The word "chit" itself is the derivative of "chitty", a word of Anglo-Indian origin borrowed from the Hindi chitthi, meaning a mark...

National Saving Certificate and Public Provident Fund: NSCs and PPFs are safe and secure investment method but return is less compared to current bank interest rates and share market returns. Bonds, Chit Funds and Company FDs: Other possible investment options are bonds, chit funds and...

FINDINGS OF CHIT FUND 1. The overall profitability ratio indicates the firm’s ability to generate profit per rupee of capital employed. The ideal overall profitability ratio is about 15%. Higher the ratio, more efficient is the management and high productivity of capital employed and on the...

ANALYSIS The above table shows the ratios obtained in 3 years. In the year 2001-02, the operating profit of the firm was 71340 and the capital employed was 180366. The overall profitability ratio for this year was 39.55%. For the year 2002-03 the operating profit was 62079 and the...

SRI TALACAUVERY CHITS PVT. LTD. INCEPTION: The business was started in 1982 as a partnership firm. During that time there was no government control over the business except for income tax. Later during 1984, rules were framed by the Government of India & Government of Karnataka. All...

MEANING OF A CHIT FUND COMPANY Chit Fund Company means a company engaged in the business of managing, conducting or supervising as a foreman or the agent or any transaction or arrangement by which it enters into an agreement with a number of subscribers that every one of them shall...

Chit Fund is very valuable to those sections of the business community, which finds it difficult to get their credit needs met by commercial banks that are reluctant to lend to this segment, mainly due to the administrative burden and cost involved in them. Chit Fund companies also provide...

Chit Fund Company is a non banking company legally registered and approved by the “Register of Co-Operative Societies and Chits” for upliftment of the people in the society. BRIEF INTRODUCTION ON CHIT COMPANIES Chit fund institution is indigenous, simple, easy and readily understood and...