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Chit fund body opposes move

Special Correspondent

HYDERABAD: The Andhra Pradesh Federation of Chit Funds has regretted that the Government had not given a chance to the federation to put forth its views before taking a decision to amend the Andhra Pradesh Chit Funds Act, 1971.

Federation representative Ch. Janardhan Reddy said the decision would allow unauthorised companies to come into force.

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