Research On Rotating Savings And Credit Association System

The Rotating Savings and Credit Association(ROSCA)is popular in China’s private financing and savings organizations,sponsored by friends and relatives to regularly attend the party,raise funds,through a certain way to turn over to each member to use.The club relies on geography and kinship,with credit to maintain the operation of the club,with strong flexibility,by the financing of the difficulties of Chinese people welcome.But for the LegCo is legal,what is its property,there are still controversial,the ROSCA faces the problems we have to analyze and solve..In the first part of this paper,the paper briefly discusses the significance of the conference and the research direction of this paper.The second part introduces the origin and operation mechanism of the club,shows the inherent nature of the way as a kind of private financing,summarizes the positive and negative shortcomings of the congress,and lists the types of congresses in different situations.The third part of the evaluation of the legal relationship between the Federation,the first is compared to the difference between the merger and illegal fund-raising,argumentation of the legal relationship between the civil equality between the main contract,in the contract law system belongs to the nameless contract.Once again argue the legal and legal relations set up the main and object elements,extended to review the lack of elements on the effectiveness of the contract.Finally,a brief summary of the general ROSCA with the members of the rights and obligations.,The fourth part,the legal relationship between the existence of the biggest legal risk lies in the default brought about by the risk of downside down,analysis of the situation of the contract will be unfair,we can see the contract to fulfill the process of the risk of the reasons for the internal rights,obligations Matching,the lack of rights and other members of the rights and other reasons will lead to the first will be down,the external reason is the lack of legal protection,rights difficulties.In order to solve the risk of the ROSCA,we should focus on the status and rights and obligations of the ROSCA from the inside of the legal relationship,and try to prove that the members use the right of defense and the right of revocation in the system of creditor’s rights Breach of contract and other acts of lawless infringement.The fifth part of this article,following the previous text,the risk of the contract for the contract,the external reason for a major judicial relief,through the current case of China’s joint contract analysis,pointed out that China’s judicial referee in this area,The problem of chaos,proposed by the introduction of customary law and the naming of the legal application of the contract,the contract will be incorporated into the existing civil trial legal system,correctly guide the construction of legal relationship,to promote the healthy development of the Federation,Service the current economy.The sixth part of this article is the conclusion,a simple summary of the views of this article.