Chit Funds In India : Analysis Of Regulatory Framework

Chit Funds are an age-old mechanism of saving by the poor and those having no access to the formal channels of finance in India. It has largely been running as an under-belly to the economy the world over. However chit funds are neither fraud nor a ponzi scheme. This in-depth study analyses the mal-practices surrounding the management of chit funds legal lacunas and suggests certain remedial measures. This book will be of immense use to legal fraternity economists social scientist researchers and students.