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Merchant Legal Entity Name: THIRUMUGAM CHITS PRIVATE LIMITED
Registered Address: VINAYAGAR KOVIL OPPOSITE, VENNAMPATTI, DHARMAPURI - 636705
Contact No: +91 8870505877, +91 8870305877
Email: thirumugamchits@gmail.com
Merchant Legal Entity Name: THIRUMUGAM CHITS PRIVATE LIMITED
Business / Registered Address: VINAYAGAR KOVIL OPPOSITE, VENNAMPATTI, DHARMAPURI - 636705
State: TAMILNADU

PRIVACY POLICY

This privacy policy ("Policy") relates to the manner THIRUMUGAM CHITS PRIVATE LIMITED ("we," "us," "our") uses, handles, and processes the data that you provide in connection with using the products or services we offer. By using this website or by availing goods or services offered by us, you agree to the terms and conditions of this policy and consent to our use, storage, disclosure, and transfer of your information or data in the manner described in this policy.

We are committed to ensuring that your privacy is protected in accordance with applicable laws and regulations. We urge you to acquaint yourself with this Policy to familiarize yourself with the manner in which your data is being handled by us. THIRUMUGAM CHITS PRIVATE LIMITED may change this policy periodically, and we urge you to check this page for the latest version of the policy in order to keep yourself updated.

Interpretation and Definitions

Interpretation
The words of which the initial letter is capitalized have meanings defined under the following conditions. The following definitions shall have the same meaning regardless of whether they appear in singular or in plural.

Definitions
For the purposes of this Privacy Policy:

• Account means a unique account created for You to access our Service or parts of our Service.
• Affiliate means an entity that controls, is controlled by or is under common control with a party, where "control" means ownership of 50% or more of the shares, equity interest or other securities entitled to vote for election of directors or other managing authority.
• Company (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to THIRUMUGAM CHITS PRIVATE LIMITED, VINAYAGAR KOVIL OPPOSITE, VENNAMPATTI, DHARMAPURI - 636705, TAMILNADU.
• Cookies are small files that are placed on Your computer, mobile device or any other device by a website, containing the details of Your browsing history on that website among its many uses.
• Country refers to: TamilNadu, India
• Device means any device that can access the Service, such as a computer, a cellphone, or a digital tablet
• Personal Data is any information that relates to an identified or identifiable individual.
• Service refers to the Website.
• Service provider means any natural or legal person who processes the data on behalf of the company. It refers to third-party companies or individuals employed by the company to facilitate the service, to provide the service on behalf of the company, to perform services related to the service, or to assist the company in analyzing how the service is used.
• Usage Data refers to data collected automatically, either generated by the use of the service or from the service infrastructure itself (for example, the duration of a page visit). Website refers to Thirumugam Chits, accessible from https://thirumugamchits.com/.
• You mean the individual accessing or using the service, or the company or other legal entity on behalf of which such individual is accessing or using the service, as applicable.

Collecting and Using Your Personal Data

Types of Data Collected

Personal Data
While using our services, we may request you to provide certain personally identifiable information that can be used to contact or identify you. This may include, but is not limited to, the following:

What Data is Being Collected
We collect the following information from you:

• Name
• Contact information, including address and email address.
• Demographic information, preferences, or interests
• Personal data or other information relevant/required for providing goods or services to you
• The meaning of "Personal Data" will be as defined under relevant Indian laws

Note: Notwithstanding anything stated in this Policy, as required under applicable Indian laws, we do not store any credit card, debit card, or any other similar card data of yours. Please also note that all data or information collected from you will be handled strictly in accordance with applicable laws and regulations.

What We Do with the Data We Collect

• Internal record keeping
• Improving our services
• Providing updates about our services, including any special offers
• Communicating important information to you
• Internal training and quality assurance purposes

Usage Data

Usage Data is collected automatically when using the Service.

Usage Data may include information such as Your Device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that You visit, the time and date of Your visit, the time spent on those pages, unique device identifiers, and other diagnostic data.

When You access the Service by or through a mobile device, We may collect certain information automatically, including, but not limited to, the type of mobile device You use, Your mobile device's unique ID, the IP address of Your mobile device, Your mobile operating system, the type of mobile Internet browser You use, unique device identifiers, and other diagnostic data.

We may also collect information that Your browser sends whenever You visit our Service or when You access the Service by or through a mobile device.

Tracking Technologies and Cookies

We use Cookies and similar tracking technologies to track the activity on Our Service and store certain information. Tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze Our Service. The technologies We may use include:

Cookies or Browser Cookies. A cookie is a small file placed on Your Device. You can instruct Your browser to refuse all Cookies or to indicate when a Cookie is being sent. However, if You do not accept Cookies, You may not be able to use some parts of our Service. Unless you have adjusted your browser setting so that it will refuse Cookies, our Service may use Cookies.

Web Beacons. Certain sections of our Service and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit the Company, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).

Cookies can be "Persistent" or "Session" cookies. Persistent Cookies remain on Your personal computer or mobile device when You go offline, while Session Cookies are deleted as soon as You close Your web browser. Learn more about cookies on the Free Privacy Policy website article.

We use both Session and Persistent Cookies for the purposes set out below:

Necessary/Essential Cookies
Type: Session Cookies
Administered by: Us
Purpose: These Cookies are essential to provide You with services available through the Website and to enable You to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these Cookies, the services that You have asked for cannot be provided, and We only use these Cookies to provide You with those services.

Cookies Policy / Notice Acceptance Cookies
Type: Persistent Cookies
Administered by: Us
Purpose: These cookies identify if users have accepted the use of cookies on the website.

Functionality Cookies
Type: Persistent Cookies
Administered by: Us
Purpose: These cookies allow us to remember choices you make when you use the website, such as remembering your login details or language preference. The purpose of these cookies is to provide you with a more personal experience and to avoid you having to re-enter your preferences every time you use the website.

For more information about the cookies we use and your choices regarding cookies, please visit our Cookies Policy or the Cookies section of our Privacy Policy.

Use of Your Personal Data

The Company may use Personal Data for the following purposes:

• To provide and maintain our Service: Including to monitor the usage of our Service.
• To manage Your Account: To manage Your registration as a user of the service. The Personal Data You provide can give You access to different functionalities of the Service that are available to You as a registered user.
• For the performance of a contract: The development, compliance, and undertaking of the purchase contract for the products, items, or services You have purchased or of any other contract with Us through the Service.
• To contact You: To contact You by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application's push notifications regarding updates or informative communications related to the functionalities, products, or contracted services, including the security updates, when necessary or reasonable for their implementation.
• To provide You: With news, special offers, and general information about other goods, services, and events that we offer that are similar to those that you have already purchased or inquired about unless You have opted not to receive such information.
• To manage Your requests: To attend to and manage Your requests to Us.
• For business transfers: We may use Your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of Our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which Personal Data held by Us about our Service users is among the assets transferred.
• For other purposes: We may use Your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns, and evaluating and improving our Service, products, marketing, and your experience.

We may share Your personal information in the following situations:

• With Service Providers: We may share Your personal information with Service Providers to monitor and analyze the use of our Service, to contact You.
• For business transfers: We may share or transfer Your personal information in connection with, or during negotiations of, any merger, sale of Company assets, financing, or acquisition of all or a portion of Our business to another company.
• With Affiliates: We may share Your information with Our affiliates, in which case we will require those affiliates to honor this Privacy Policy. Affiliates include Our parent company and any other subsidiaries, joint venture partners or other companies that We control or that are under common control with Us.
• With business partners: We may share Your information with Our business partners to offer You certain products, services or promotions.
• With other userswhen You share personal information or otherwise interact in the public areas with other users, such information may be viewed by all users and may be publicly distributed outside.
• With Your consent: We may disclose Your personal information for any other purpose with Your consent.

Retention of Your Personal Data

The Company will retain Your Personal Data only for as long as is necessary for the purposes set out in this Privacy Policy. We will retain and use Your Personal Data to the extent necessary to comply with our legal obligations (for example, if we are required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.

The Company will also retain Usage Data for internal analysis purposes. Usage Data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of Our Service, or We are legally obligated to retain this data for longer time periods.

Transfer of Your Personal Data

Your information, including Personal Data, is processed at the Company's operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of Your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from Your jurisdiction.

Your consent to this Privacy Policy followed by Your submission of such information represents Your agreement to that transfer.

The Company will take all steps reasonably necessary to ensure that Your data is treated securely and in accordance with this Privacy Policy and no transfer of Your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of your data and other personal information.

Delete Your Personal Data

You have the right to delete or request that We assist in deleting the Personal Data that We have collected about You.

Our Service may give You the ability to delete certain information about You from within the Service.

You may update, amend, or delete Your information at any time by signing in to Your Account, if you have one, and visiting the account settings section that allows you to manage your personal information. You may also contact Us to request access to, correct, or delete any personal information that You have provided to Us.

Please note, however, that We may need to retain certain information when we have a legal obligation or lawful basis to do so.

Disclosure of Your Personal Data

Business Transactions
If the Company is involved in a merger, acquisition or asset sale, Your Personal Data may be transferred. We will provide notice before Your Personal Data is transferred and becomes subject to a different Privacy Policy.

Law enforcement
Under certain circumstances, the Company may be required to disclose Your Personal Data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).

Other legal requirements
The Company may disclose Your Personal Data in the good faith belief that such action is necessary to:

• Comply with a legal obligation
• Protect and defend the rights or property of the Company
• Prevent or investigate possible wrongdoing in connection with the Service
• Protect the personal safety of Users of the Service or the public
• Protect against legal liability

Security of Your Personal Data

The security of Your Personal Data is important to Us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While We strive to use commercially acceptable means to protect Your Personal Data, We cannot guarantee its absolute security.

Children's Privacy

Our Service does not address anyone under the age of 13. We do not knowingly collect personally identifiable information from anyone under the age of 13. If You are a parent or guardian and You are aware that Your child has provided Us with Personal Data, please contact Us. If We become aware that We have collected Personal Data from anyone under the age of 13 without verification of parental consent, We take steps to remove that information from Our servers.

If We need to rely on consent as a legal basis for processing Your information and your country requires consent from a parent, We may require Your parent's consent before We collect and use that information.

Links to Other Websites

Our Service may contain links to other websites that are not operated by Us. If You click on a third party link, You will be directed to that third party's site. We strongly advise You to review the Privacy Policy of every site You visit.

We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.

Changes to this Privacy Policy

We may update Our Privacy Policy from time to time. We will notify You of any changes by posting the new Privacy Policy on this page.

We will let You know via email and/or a prominent notice on Our Service, prior to the change becoming effective and update the "Last updated" date at the top of this Privacy Policy.

You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.

Contact Us

If you have any questions about this Privacy Policy, You can contact us:
By visiting this page on our website: https://thirumugamchits.com/

Welcome to Thirumugam Chit Funds. By subscribing to or participating in any of our chit schemes, all subscribers agree to abide by the following terms and conditions as outlined under the Chit Funds Act, 1982 and the rules framed thereunder. Please read this document carefully.

1. Mode of Conducting the Chit and Ascertaining the Prized Subscriber

The chit shall be conducted by the foreman or any officer authorised by him. In all cases, the decision of the foreman or authorised officer shall be final and binding. The auction shall begin from the foreman's commission of 5% and bidding can go up to a maximum of 40% of the chit value.

• Non-prized subscribers may send their sealed bids or authorise someone in writing to bid on their behalf. Such sealed bids must reach the foreman a day prior to the auction.
• Subscribers who have defaulted in payment will not be allowed to participate.
• No outsiders will be permitted in the auction.
• Chits that are given as security against other prized chits shall not be allowed for auction without written consent from the foreman.
• If the prized subscriber cancels the bid, the second highest bidder may be awarded the chit. The difference in value must be paid.
• If both refuse, the ticket will be re-auctioned and both will pay the difference equally.
• If cancellation is after the specified time, the subscriber must pay the re-auction difference or 1% of the voucher amount, whichever is higher.

2. Refund Policy

A cancelled subscriber is entitled to the amount actually subscribed by him, i.e., exclusive of dividends, less 5% of the Sala amount and GST as applicable on that day towards damages for breach of contract. This amount is payable on application attend of the chit period. The nominee shall be entitled to continue the chit on the same terms and conditions. The said nominee shall be liable to execute a fresh chit agreement, and in case the nominee does not wish to continue the chit, he/she will be entitled to the amount that the deceased Subscriber has actually Subscribed i.e., exclusive dividends less 5% of the Sala amount and GST as applicable on that day, and damages for breach of contract. On death, refund, nominee may continue or claim net paid amount. Once the group tenure is completed, the refund payment will be initiated after deducting the applicable charges within 5 to 15 working days.

3. Procedure for Receiving the Prize Amount by a Prized Subscriber

The prize amount will be paid to the prized subscriber at the foreman's office during working hours on working days through RTGS/NEFT. This will be done within one month of his/her furnishing sufficient security for the due payment of future installments, and the security in respect, scrutiny, etc., found to the satisfaction of the foreman. Prized subscribers, before drawing the chit amount, must furnish necessary security or sureties to the satisfaction of the foreman for due payment of the future installments. The security may be any of the following where the future liability is ₹3,00,000/- or less. In cases where the future liability exceeds ₹3,00,000/-, no personal surety will normally be accepted. Security should be in the form of immovable property:

The property value should exceed 1.5 times the amount due from the prized subscriber. It should be situated within a radius of ten miles of the foreman's office. In exceptional cases, and at the company's sole discretion, personal sureties may also be accepted.

The foreman reserves the right to accept or reject any or all of the sureties.

In case the prized subscriber or nominee fails to furnish security and/or surety before the next succeeding auction date:

• The foreman shall deposit the amount in an Approved Bank.
• The foreman shall inform the prized subscriber and the Registrar.

If the amount deposited is insufficient for future subscriptions:

• The balance shall be recovered from the prized subscriber with 12% annual interest and incidental charges.

If any portion remains after adjusting all dues:

• The balance will be paid to the prized subscriber at the end of the chit.
• If not paid, it can be recovered with 12% interest from the date of termination.

If, after deposit, sufficient security is furnished:

• The amount shall be withdrawn and paid to the subscriber, after deducting unpaid installments.

If a prized subscriber fails to collect the prize amount within two months:

• The foreman may conduct a new draw for that installment.
• If the subscriber has given written notice, the draw may be conducted earlier.

If security is insufficient and the prize money cannot meet future installments:

• The foreman can recover losses and charges from the subscriber's account.
• If the foreman fails to disburse the prize money after receiving security: The subscriber may recover the amount with 12% interest from the date of furnishing security.

If the winning bidder fails to provide surety and pay within three months:

• The auction and voucher will be canceled.
• Loss will be recovered through re-auction.

Surety once accepted will not be accepted again for another chit until previous liabilities are cleared, unless waived by management.

Subscribers who:

• Have no regular monthly income, or
• Have already stood as surety for another subscriber,
• ...may be required to furnish additional sureties.

Sureties must also prove that:

• Their term of service in government/PSU/banks/etc. will be at least double the remaining chit term.

Note: The prized subscriber has to bear the charges for inspection of the property offered as security, legal fees, document writing charges, etc.

DISBURSEMENT OF DISCOUNT

1. Dividend Distribution
The discount amount from each auctioned ticket shall be distributed equally as a dividend between the prized and non-prized subscribers, after deducting the foreman's commission. Such dividends will be adjusted towards the subscription payable for the next installment.

2. Foreman's Commission and Entitlement to Prize Amount
First Installment Requirement: All subscribers are required to pay the full amount of the first installment. The Foreman shall subscribe to a ticket in the chit and is entitled to receive the full chit amount in the first installment, without any deduction for discount.

Foreman's Commission: The foreman's commission shall be 5% of the total chit amount.

Prize money shall be paid within 30 days if proper security is given.

• For ₹5,00,000+, urban property mortgage required.
• Else amount deposited in bank till end of chit.
• Shortfall recovered with 12% interest.
• Payment by RTGS/NEFT only.

Procedure to be Adopted on the Death of a Subscriber Before the Termination of the Chit

Every subscriber is required to nominate, at the time of enrolment, his/her successor with full details including name, age, profession, and address. In the event of the death or ineligibility of a non-prized subscriber, the nominee mentioned shall be entitled to continue the chit on the same terms and conditions. The nominee shall be required to execute a fresh chit agreement, and if the nominee does not wish to continue the chit, he/she shall be entitled to receive the amount actually subscribed by the deceased subscriber, i.e., excluding dividends and subject to a deduction of 5% of the chit amount as damages for breach of contract. The amount due after the aforesaid deduction will be paid at the termination of the chit. However, if a substitute subscriber is enrolled in place of the deceased, the nominee must execute an acknowledgment and an indemnity bond against possible claims from third parties or other legal heirs of the deceased subscriber.

In the event that a prized subscriber, who has been declared eligible for the prize amount, dies before receiving it, the Foreman shall call upon the nominee mentioned in the agreement either to assume the subscriber's place or to receive the prize amount, subject to deductions for all future subscriptions and recovery of any losses caused by the deceased subscriber as per the chit agreement. If a prized subscriber dies after receiving the prize money and subsequently defaults, the Foreman shall proceed against the legal heirs, representatives, sureties, or pledged securities to recover the amounts due, as per his legal rights.

Banks Where Chit Money May Be Deposited

The chit money shall be deposited in any of the banks approved under the provision of the Chit Funds Act, 1982.

Miscellaneous

Any amount due to the Foreman from any Subscriber on account of his/her chits or chits guaranteed by him/her shall be appropriated from the subscriptions paid by such Subscriber in any of his/her other chits conducted by the Foreman. The security and other deposits of money made by the Foreman in respect of any chit shall be liable for discharging the liability of the Foreman to the Subscribers. Incidental charges pertaining to intimations sent to the defaulting Subscribers and their guarantors, as well as enrollment fees fixed by the Foreman, shall be borne by the concerned Subscribers only. Receipts shall be issued by the Foreman for all money received by him. The Subscribers shall provide proper acknowledgements for other documents and vouchers for all money received by them from the Foreman. The chit amount shall in no case be enhanced. If necessary, it may be reduced. If the Foreman fails to conduct and conclude the chit, he shall pay the non-prized Subscribers their contributions including dividends within one month, failing which the said Subscribers shall be entitled to realize the same with permissible interest from the Foreman or from all or any of the following assets:

• The security deposit given by the Foreman
• Other properties belonging to the Foreman
• Other properties held by the Foreman from the prized subscribers
• Other than the one chit amount which the Foreman is entitled to take in the first instalment without any discount, if the Foreman holds any other tickets and becomes a prized subscriber, he shall provide sufficient security for the payment of future subscriptions in respect of these additional tickets to the satisfaction of the Registrar.

The Foreman shall not have any rights higher than the other Subscribers in respect of such deposits. As the Foreman is an incorporated co-operative chit fund, the question of the Foreman dying or becoming unable to conduct the chit does not arise, unless it goes into liquidation. If it goes into liquidation, the official liquidator under the provisions of the Chit Funds Act will act as the Foreman. Even if the dates fixed for auctions fall on holidays, the auction will be conducted on the next working day. If the auction cannot be conducted on the appointed day due to reasons beyond the control of the Foreman, such as natural calamities, strikes, riots, etc., the auction will be adjourned to a convenient date with prior intimation to the Subscribers.

If any dispute arises between the Foreman and the Subscribers, in respect of specific provisions in this Chit Agreement, the provisions of the Chit Funds Act, 1982 (Act No. 40 of 1982) and the rules framed thereunder shall apply and be binding on both the Foreman and the Subscribers. Upon payment of a fee of ₹5/-, the Foreman will allow examination of relevant chit records by non-prized and unpaid prized Subscribers under Section 44 of the Chit Funds Act, 1982 at the Foreman's office during working hours on all working days. One week's prior notice must be given to the Foreman for this. The inspection fee shall be charged separately for each chit for which inspection is desired.

If the Subscriber or the Guarantor dies, becomes of unsound mind, or is otherwise incapacitated, the amount due to the Foreman will be recovered from the legal heirs of the deceased Subscriber or Guarantor, as the case may be. In case a duplicate passbook is required, the concerned Subscriber must pay ₹150/- as charges.

In case of transfer of a chit, the Foreman shall charge a transfer fee of 1% of chit sala amount from the transferee. In respect of any other matters not covered in this Agreement, the provisions of the Chit Funds Act, 1982 shall apply. General laws shall apply to matters that are not covered either by this Chit Agreement or by the Chit Funds Act, 1982. The Subscribers declare that they have received a copy of the Chit Agreement, that they have read or heard its contents, and that they agree to abide by its terms.

If the company finds any behavior indicating lack of trustworthiness — such as submission of fake documents, threats, cheating, or rude/unbecoming conduct — the membership of such a Subscriber shall be cancelled. Any loss caused by such a Subscriber, including to others who have not yet received their prize or are scheduled to receive it, shall be borne by the offending Subscriber.