พันเอก พระยาพหลพลพยุหเสนา (พจน์ พหลโยธิน)

พระยาเทพวิทุรพหุลศรุตาบดี (บุญช่วย วณิกกุล)

พันเอก พระยาพหลพลพยุหเสนา (พจน์ พหลโยธิน)

ศาสตราจารย์ นายแพทย์ ญาใจ (ยาใจ) ณ สงขลา

พระยามโนปกรณนิติธาดา (ก้อน หุตะสิงห์)

The program acts to be a borrowing scheme, due to the fact subscribers are able to accessibility substantial sums of cash prior to they've paid the complete amount of money.

As a result of rigid provisions with the 1975 Kerala Chitties Act, many fund organizers moved to other states and started working there.

Chit usually means a transaction irrespective of whether named chit, chit fund, chitty, kuree or by every other title by or below which somebody enters into an agreement that has a specified quantity of folks that every one of them shall subscribe a particular sum of cash (or a certain quantity of grain instead) By means of periodical installments around a definite period and that each these types of subscriber shall, in his flip, as based on large amount or by look at this website auction or by tender or in this sort of other way as may very well be specified in the chit agreement, be entitled on the prize amount of money.[six]

[one] Chit fund businesses can sue defaulters in court docket but the method is time-consuming and is also unlikely to create a well timed settlement.[1] It can the original source be up into the chit fund organizers to vet the credit history-worthiness of subscribers. To reduce the risk of default, some organizers also require subscribers who win auctions to post sureties for his or her long run liabilities.

พันเอก great site นายวรการบัญชา (บุญเกิด สุตันตานนท์)

The chit fund is said to become an establishment that's been handed down considering that ไพจิตร ancient times.[three] In 1887, William Logan, erstwhile Collector in the Malabar district from the Madras Presidency, explained the custom made of chit webpage funds among the Good friend groups in that location.

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