law: Chit Funds Act, 1982
  
  11.Use of the words chit, chit fund, chitty or kurt.-
  (1)No
  
  person shall carry on chit business unless he uses as part of his name any of
  
  the words "chit fund", "chitty" or "Kuri" and no
  
  person other than a person carrying on chit business shall use as part of his
  
  name any such word.
  (2)Where
  
  at the commencement of this Act,-
  (a)any person is carrying on chit business without using as part of his
  
  name any of the words specified in sub-section (1); or
  (b)any person not carrying on chit business is using any such word as
  
  part of his name, he shall, within a period of one year from such commencement,
  
  add as part of his name any such word or, as the case may be, delete such word
  
  from his name:
  Provided
  
   that the State Government may, if it
  
  considers it necessary in the public interest or for avoiding any hardship,
  
  extend the said period of one year by such further period or periods not
  
  exceeding one year in the aggregate.