Where there are debts due from the foreman of a chit in relation thereto and also other debts due from such foreman, the chit debts due to the subscribers shall be a first charge on the chit assets.
CHAPTER VIII Inspection of Documents
The Goa, Daman & Diu Chit Funds Act, 1973Union territory Act of Dadra and Nagar Haveli and Daman and Diu · Act 16 of 1973
Where there are debts due from the foreman of a chit in relation thereto and also other debts due from such foreman, the chit debts due to the subscribers shall be a first charge on the chit assets.
CHAPTER VIII Inspection of Documents
| Act | The Goa, Daman & Diu Chit Funds Act, 1973 |
|---|---|
| Section | 35 |
| Marginal note | Subscriber's dues to be first charge on chit assets |
| Jurisdiction | Union territory of Dadra and Nagar Haveli and Daman and Diu |
| Status | In force as published by the source |
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