Jagdalpur: Investors investing in chit fund companies can apply for refund work till 06 August
Jagdalpur, 02 August 2021: Under the Protection of Interests of Depositors of Chhattisgarh Act 2005, in the prescribed format for refund work of investors investing in chit fund companies in the district, from 02 to 06 August 2021 in room number 17 (Statistical Branch) of District Office, Bastar and all the districts. Applications can be obtained in Panchayats.
Additional Collector Arvind Ekka stated that under section 7(2) of the Act, such financial establishment is acting in a deliberate manner with the intention of defrauding the depositors and that financial establishment will not refund the deposited amount. of any money or other property with a view to protecting the interests of the depositors of such financial establishment. which is either in the name of the financial establishment or is alleged to have been received in the name of any other person or establishment.
If it appears that such money or other property is not available for attachment or is not sufficient for the repayment of deposits, such other property of the said financial establishment or the promoter, partner director, manager, member of the said financial establishment as may be The Competent Authority may, by attachment, pass interim orders and get it published in local newspapers, as it deems fit.
All the investors have been appealed to submit the application in the prescribed format in the nearest district panchayat and in the statistical branch of the district office.