To keep tabs on illegal activities of fraudulent non-banking and chit fund companies, Chhattisgarh’s Home Department would soon be launching a toll-free helpline number and a website.
The objective of introducing helpline and website is to give prompt hearing woes of people cheated by chit-fund companies, officials stated.
In an attempt to protect economic interest of the people, the State Finance Department had recently asked the Home Department to start a helpline number and website to receive complaints against non-banking/chit-fund companies.
Chief Minister Raman Singh who is heading the Finance Department has directed the concerned department to take immediate legal action against chit-fund companies who cheat its beneficiaries.
As a move to check repetition of forgery cases by these companies, Superintendents of Police (SPs) have been asked to compile data, including their previous record, registration related documents and detailed information about directors of such companies working in areas under their jurisdiction.
In connection with cases against chit-fund companies, the State Government has directed SPs to collect search warrant from court under relevant provision of Indian Reserve Bank Act-1934 and act as Authorized Officer. Moreover, the State Government has declared Director of Fund, Accounts and Pension Directorate as Registrar of Chits and district collectors as Additional Registrar of Chits.
The Government has also instructed district collectors to constitute an investigation committee comprising of officials from Revenue, Police and Finance and Small Saving branch, immediately after getting complaint against chit-fund companies. Besides, district collectors have also been asked to inform RBI’s Bhopal office in case of getting complaint against chit-fund companies and about its operation.
Aiming to keep tab on illegal activities of these companies, the State Government has formed a sub-committee (Coordination) headed by Principal Secretary (Home).
The Committee includes Principal Secretary/Secretary of legal Department, Director (Public Prosecution, Directorate), Additional Director General of Police (Economic Offences Wing), Director (Institutional Finance) and Regional General Manager of RBI (Bhopal).