How much was the security deposit equal to during the registration procedure of a Chit Fund Company according to the Chit Fund Act of 1982? Question 12Answer a. 50% of the chit value b. 200% of the chit value c. 10% of the chit value d. 100% of the chit value
According to the Chit Fund Act of 1982, the security deposit during the registration procedure of a Chit Fund Company is equal to 100% of the chit value. Therefore, the correct answer is:
d. 100% of the chit value