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TABLE OF CONTENTS

Page No.

PREFACE

LIST OF TABLES vii

LIST OF CHARTS ix

LIST OF ABBRIVIATIONS USED X

LIST OF APPENDICES xi

CHAPTER - ONE
t

INTRODUCTION 1

Nature of Chit Fund 5


Role of Money & Finance and
economic development 10
Trend of Savings and Investments
in India 16
Scope of the study 23
Objective of study 2k
Limitations of Study 28
Period of study 29
Collection of data 30
Analysis of data 31
Methodology 31
Plan of the Research Study 3k

CHAPTER - TWO
HISTORICAL REVIEW OF NON-GOVT. FINANCE AND
INVESTMENT COMPANIES IN WEST BENGAL

Introduction 37
Structure of Indian Money Market in early
fifties 39
Lending performance of such non-govt.
Finance & InvestmentCompanies h7
The necessity of makingRegulation 51
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Deficiencies in the regulation 56


Recommendation of earlier Committees
relevance to Non Banking Financial
Companies 57
Regulated Deposit means 71
i

CHAPTER THREE
PERFORMANCE APPRAISAL OF SELECTED FINANCE
AND INVESTMENT COMPANIES IN WEST BENGAL.

Introduction 96
Analysis of Financial Position of Sample
Companies 106
Concept of Capital 110
General Observations 126

CHAPTER FOUR

A REVIEW OF LIQUIDATED FINANCE &


INVESTMENT COMPANIES IN WEST BENGAL

Introduction 130
Sanchayita Investment Ltd. 130
Favourite Small Investment Limited 133
Tapaban Housing & Investment Ltd. 135
Jahura Finance & Investment Ltd. 137
North Star Savings and Finance
Company Limited 138
Pratishruti Finance and Investment Co. 139
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CHAPTER FIVE

A CRITICAL STUDY OF AUDIT APPROACH IN


CONNECTION WITH COMPANIES UNDER REVIEW

Introduction 1U3
Uniformity in Financial disclosure 151
Repayment of Principal amount
with interest, to depositor m

CHAPTER SIX

FINDING AND RECOMMENDATIONS

Findings 160
Recommendations 170

BIBLIOGRAPHY 203

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