What is an ChitFund Company?

A Chit Fund Company is a traditional financial institution that helps its members save money and provides access to credit through a trusted and regulated system. This form of financial scheme is popular in India and is an ideal way to raise funds and encourage collective savings. If you’re looking to establish a regulated chit fund business, proper registration is essential to ensure credibility and compliance with laws.

Key Benefit of Registering an ChitFund Company

Regulated Operations

Registered chit fund companies are regulated by the Chit Funds Act, ensuring transparency and protection for both members and the company.

Flexible Savings & Loans

Chit funds provide an organized way for members to save and access funds quickly when needed.

Reliable Access to Credit

Members can access a reliable source of credit without the need for traditional banking or loan processes.

Profit Potential

A chit fund company earns income through commission and foreman fees, providing a profitable model for operators.

Social & Economic Benefits

Chit funds play a significant role in promoting savings and financial literacy among communities, contributing to social and economic development.

"Empower savings and access to credit—register your Chit Fund Company with trusted support!"

Shareholders

A minimum of 2 shareholders is required. Directors can also be shareholders, and the company can have a maximum of 200 shareholders.

Directors

A minimum of 2 directors and a maximum of 15 directors. At least one of the directors must be a resident of India.

Capital Requirement

There is no minimum capital requirement to start a Private Limited Company, making it accessible for startups and small businesses.

The name of the company must be unique and should not resemble any existing company or trademark.

Company Name

Chit Fund Company Registration Requirements

Proof of Registered Office

Address Proof of Partners

PAN Card of Partners

Proof of registered office address (Rental Agreement or Utility Bill)

Documents Required for ChitFund Company Registration

PAN cards of all partners are mandatory.

This can be a Voter ID, Passport, Driving License, or Aadhaar Card.

Utility bills such as electricity or water bills, and a rental agreement if the office is rented.

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Registration Process

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Choosing a Unique Name

We help you select and reserve a unique name for your OPC, ensuring compliance with the Ministry of Corporate Affairs (MCA).

Obtaining Digital Signature & Director Identification

We assist in obtaining a Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the director.

Drafting and Filing of Incorporation Documents

We prepare and submit essential documents like the Memorandum of Association (MOA) and Articles of Association (AOA) to the MCA.

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Compliance with Chit Fund Act Regulations

We ensure compliance with the Chit Funds Act, 1982, including filing declarations and obtaining required approvals from the state government.

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Certificate of Incorporation Issuance

Once approved, your business is officially registered, and you receive your Certificate of Incorporation.

Post-Registration Services

We assist with additional steps like obtaining GST registration, opening a business bank account, and ensuring ongoing compliance.

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Business Incorporation in 7 working days

Document Preparation

We prepare and file all required documents, ensuring accuracy and compliance with government regulations.

Faster Turnaround

Our efficient process helps you get your company registered quickly, so you can focus on running your business.

Expert Guidance

We provide end-to-end support, guiding you through every step of the registration process.

Why Us ?

At Care Corporates, we offer a hassle-free and affordable solution for Chitfund Company registration. Our process is designed to save you time and avoid costly mistakes

ChitFund Company Registration pacakge contains

DIN for 2 Directors

The Director Identification Number provides a unique identity to the director helps in maintaining information of all directors in a database

MOA/AOA

MOA. Memorandum of Association (MOA) is a document that contains all the fundamental data which are required for the company incorporation.

ROC Fees & Pan card

ROC Fees and PAN Card Application Included

Name search & approval

After submitting your documents we will provide you with DSC and DPIN

Free Accounting & GST filing

Free Accounting and GST Filing for registered company

Ready to Register Your Chit Fund Company?

If you’re looking to start a reliable and regulated chit fund business, let Care Corporates assist you through every step. Contact us today for a consultation, and we’ll make sure your Chit Fund Company registration is smooth and compliant.

Schedule a Free Consultation today to learn more about how we can help you get started.