The Chit Funds Act,1982 (Bare Act)/ (Record no. 157773)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 00331nam a2200121Ia 4500 |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | CUS |
| 082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER | |
| Classification number | 343.54 |
| Item number | UNI/C |
| 245 #4 - TITLE STATEMENT | |
| Title | The Chit Funds Act,1982 (Bare Act)/ |
| Statement of responsibility, etc. | Universal Law Publishing |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc. | New Delhi: |
| Name of publisher, distributor, etc. | Universal Law Publishing, |
| Date of publication, distribution, etc. | 2010. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | iv, 39 p. |
| 505 ## - FORMATTED CONTENTS NOTE | |
| Formatted contents note | THE CHIT FUNDS ACT, 1982<br/>PRELIMINARY<br/>1. Short title, extent and commencement .<br/>2. Definitions<br/>3. Act to override other laws, memorandum, articles, etc.<br/>CHAPTER II<br/>REGISTRATION OF CHITS, COMMENCEMENT AND<br/>CONDUCT OF CHIT BUSINESS<br/>4. Prohibition of chits not sanctioned or registered under the Act<br/>5. Prohibition of invitation for subscription except under certain<br/>conditions<br/>6. Form of chit agreement<br/>7. Filing of chit agreement<br/>8. Minimum capital requirements for the commencement, etc., of a chit, and creation of a reserve fund, by a company<br/>9. Commencement of chit<br/>10. Copies of chit agreement to be given to subscribers<br/>11. Use of the words "chit", "chit fund", "chitty" or "kuri" 12. Prohibition of transacting business other than chit business by a company<br/>13. Aggregate amount of chits<br/>14. Utilisation of funds<br/>15. Alteration of chit agreement 16. Date, time and place of conducting chits 17. Minutes of proceedings<br/>18. Copies of minutes to be filed with Registrar<br/>19. Restriction on opening of new place of business<br/>CHAPTER III ^<br/>RIGHTS AND DUTIES OF FOREMAN<br/>20. Security to be given by foreman<br/>21. Rights of foreman<br/><br/>22. Duties of foreman<br/>23. Books, records, etc., to be kept by foreman<br/>24. Balance-sheet<br/>25. Liability of foreman to subscribers<br/>26. Withdrawal of foreman<br/>CHAPTER IV<br/>RIGHTS AND DUTIES OF NON-PRIZED SUBSCRIBERS 27. Non-prized subscribers to pay subscriptions and obtain receipts<br/>28. Removal of defaulting subscribers<br/>29. Substitution of subscribers<br/>30. Amounts due to defaulting subscribers<br/>CHAPTER V<br/>RIGHTS AND DUTIES OF PRIZED SUBSCRIBERS<br/>31. Prized subscriber to furnish security 32. Prized subscriber to pay subscriptions regularly . 33. Foreman to demand future subscriptions by written notice<br/>' CHAPTER VI<br/>TRANSFERS<br/>34. Restrictions on transfer of rights of foreman 35. Transfer of non-prized subscriber's right to be in writmg 36. Recognition of transfer by foreman 37. Entry of transfer ' 1<br/>. JAPTER VII meetings of general body of SUBCRIBFRS 38. Meetings of general body of subscribers<br/>CHAPTER VIII termination of chits<br/>39. Provision for continuation of chits in certain<br/>40. Termination of chits 41. Copy of assent or consent to be filed with Registrar 42. Refund of non-prized subscribers's subscriptions • 43. Subscribers' dues to be first charge on chit assets<br/><br/>CHAPTER IX<br/>INSPECTION OF DOCUMENTS<br/>44. Foreman to allow certain subscribers to inspect chit records<br/>45. Preservation of chit records by foreman<br/>46. Inspection of chit Books and records by Registrar .<br/>47. Power of Reserve Bank to inspect chit books and records<br/>CHAPTER X<br/>WINDING UP OF CHITS<br/>48. Circumstances under which chits may be wound up<br/>49. Application for winding up<br/>50. Bar to winding up proceedings<br/>51. Commencement and effect of winding up order<br/>52. Injunction order<br/>53. Powers of Registrar.<br/>54. Vesting of chit assets in Registrar or other person<br/>55. Suits, etc., to be stayed on winding up order<br/>56. Notification of winding up order 57. Cessation of winding up proceedings on insolvency of foreman, etc., or the winding up of the company and transfer of such proceedings<br/>58. Award of compensation to foreman<br/>59. Right to appeal<br/>60. Limitation<br/>CHAPTER XI<br/>APPOINTMENT OF OFFICERS AND LEVY OF FEES<br/>, 61. Appointment of Registrar and other officers 62. Inspection of documents in Registrar's Office<br/>Levy of fees • •'<br/>CHAPTER XII<br/>DISPUTES AND ARBITRATION<br/>Disputes relating to chit business • • <br/>Period of limitation . %<br/>Settlement of disputes<br/>Procedure for settlement of disputes and powers of Registrar or nominee<br/><br/>68. Attachment before judgment and other interlocutory orders<br/>69. Decision of Registrar or nominee<br/>70. Appeal against decision of Registrar or nominee<br/>71. Money how recovered<br/>72. Private transfer of property made after issue of certificate void against foreman<br/><br/>CHAPTER XIII<br/>MISCELLANEOUS<br/>73. Advisory role of Reserve Bank<br/>74. Appeal 75. Powers of Registrar to give extension of time for filing documents<br/>76. Penalties 77. Penalty for second and subsequent convictior«<br/>78. Application of fine<br/>79. Offences by companies<br/>80. Cognizance of offences.<br/>81. Power to compound offences 82. Power to enter and search any place and to seize any documents<br/>83. Officers to be public servants<br/>84. Power to delegate<br/>85. Act not to apply to certain chits<br/>86. Banks not to conduct chit business<br/>87. Power to exempt 88. Protection of action taken under the Act 89. Power to make rules T,'<br/>90. Repeal and saving the schedule.—part I—Form of Balance-sheet PART n—Form of Profit and Loss Account<br/>appendix.—Notifications<br/> |
| 650 ## - SUBJECT | |
| Keyword | Fund |
| General subdivision | Bare Act |
| 710 ## - ADDED ENTRY--CORPORATE NAME | |
| Corporate name or jurisdiction name as entry element | Universal Law Publishing |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Bare Acts and Legal Education Series |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Shelving location | Date acquired | Full call number | Accession number | Date last seen | Date last checked out | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Central Library, Sikkim University | Central Library, Sikkim University | General Book Section | 29/08/2016 | 343.54 UNI/C | P12601 | 11/07/2018 | 11/07/2018 | Bare Acts and Legal Education Series |