New Law For Chit Fund In WB

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Kolkata: President Pranab Mukherjee gives a nod to the pending Chit fund bill. But the bill is yet to be effective, says officials. Notice will be issued from the state government about the bill after completion of analysis. According to Nabanna sources, a letter regarding the approval of Chit Fund bill has arrived from the president to the state government’s office.

According To Nabanna, after the bill is effective, if any financial group takes money from market then they will be required special approval from Central Government as well as state government. And if any complain comes against the company then state government will have the power to forfeit the accused company.

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