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00:00The department is called Registrar, Firms, Societies and Chits,
00:04in which the registration and renewal of societies is done in large numbers.
00:08And the various disputes of societies,
00:10like membership disputes or election disputes,
00:13are regularly investigated.
00:15And it has been found that there are many such disputes
00:17in which the investigations have been prolonged for a long time
00:19and due to which the activities of the societies are being affected.
00:22So, an online system has been created to investigate and track them.
00:26All the disputes of more than a year have been identified
00:30and targets have been given to all the authorities.
00:33Out of the long disputes of September,
00:35only 50% of the disputes will be resolved by December 31
00:38and the rest of the disputes will be resolved by March 31.
00:41If there is no other logical obstacle,
00:43then on the basis of priority,
00:45the parties have been instructed to resolve them.
00:47The attempt is that all the cases which are new
00:50will be resolved within the time frame
00:52and no case of more than a year will be prolonged.
00:55Are there any issues related to Chits?
00:57Chits, the registration of new Chit groups is very less
01:00and people do not come for new Chit groups.
01:02We have two such places in Lucknow and Kanpur
01:04where Chit groups are registered.
01:06The number of Chit groups registered online is 307.
01:10Out of which, 94 in Kanpur Nagar and 210 in Lucknow.
01:16Are there any such disputes?
01:18Are there any such disputes?
01:26Actually, in the financial landscape of the country,
01:28the role of regulators has become very important.
01:30And in the last few years,
01:32there has been a lot of awareness about this
01:34and the controlling has been very good.
01:36There are guidelines on the level of Reserve Bank of India.
01:38The guidelines for NBFCs and RBI are also compliant.
01:42Along with that, the Banning of Unregulated Deposits Act
01:44was launched by the Government of India in 2019.
01:46So now people like this,
01:48and because awareness has increased in the public,
01:51so now most people do not come in such greed
01:53that they can invest their money somewhere
01:55on the basis of higher rate of return.
01:57So there has not been any such big problem
01:59in Uttar Pradesh regarding Chit groups yet.
02:01If there is any such case,
02:03if an investigating agency is working somewhere,
02:05then we have to get some information from here.
02:07We have the authority, we give it to them.
02:09But if there is a big Chit group company
02:12doing some financial fraud here
02:15or if there is any such issue,
02:17it has not happened yet.