CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Mr. Rohan started a business of chit funds. He collected 10 Crores from small investors with an assured 5 times return in next 5 years. He suddenly closed the company and ran away. Which value is not followed by Mr. Rohan and what legal remedy is available to the small investors?

Open in App
Solution

Mr. Rohan has breached the value of trust. Small investors can approach Economic Offence cell of police department and lodge a case against him to trace him and his arrest.


flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Provisions and Reserves
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon