Ministry of Finance announces that Chit Funds (Amendment) Act, 2019 shall come into force on January 01, 2019

Dec 31, 2019 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Ministry of Finance on December 26, 2019, has appointed January 01, 2019, as the date on which the provisions of the Chit Funds (Amendment) Act, 2019 shall come into force. The Chit Funds (Amendment) Act, 2019 had been notified on December 05, 2019 to make further amendments in the Chit Funds Act, 1982. The Central Government has now by notification in the Official Gazette, appoints January 01, 2019 on which this Act shall come into force.

[Notification No. S.O. 4618(E)]

 


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