Choose Chit Fund Company

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How To Choose a Chit Fund Company

  • See the certificate of incorporation issued by the Registrar of Companies(ROC) of the foreman company(All chit fund companies are required to be registered with the ROC).
  • Ask for the certificate of registration number of the company issued by the Registrar, chit Funds, Delhi(All chit fund companies are required to get themselves registered with the RCF to start the chit business in NCT of Delhi).
  • Whether the previous sanction has been obtained from the RCF, Delhi in respect of the chit group, you wish to join.
  • You should go through the clauses of chit agreement and be sure whether you are financially capable of subscribing in that chit group.
  • Ask for a list of Directors of the company. You should also personally satisfy about the financial soundness of the Directors as well as of the company and their sincerity towards the subscribers.
  • See the list of registered chit fund companies currently conducting chits under the Chit Funds Act, 1982 on this website
  • Verify from the office of the Registrar, Chit funds, Delhi whether the chit fund company is functioning and whether any complaint or court case is pending against the company.

For any help, you can contact the office of the Registrar, Chit Funds, Delhi on all working days.

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