The Tamil Nadu Chit Funds Rules, 1984
State Rules of Tamil Nadu · 198251 provisions
The enactment
| Type | Rules |
|---|---|
| Year | 1982 |
| Jurisdiction | State of Tamil Nadu |
| Status | In force as published by the source |
| Provisions published | 51 |
| Subjects | financial |
Full text, provision by provision
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- Section 4A Condonation of delay in payment of fees for filing of records for sanction for commencement or conduct of Chit
- Section 6 Endorsement of registration of a chit
- Section 7 Registration number of chit
- Section 8 Refusal to register a chit
- Section 8A Condonation of delay in payment of fees or filing of records for registration
- Section 9 Application for appropriation of any sum from the reserve fund
- Section 11 Form of commencement of chit
- Section 12 Form of certificate about furnishing copy of the chit agreement to the subscribers of a chit
- Section 13 Form of chit agreement
- Section 14 Filling of alteration, addition or omission of chit agreement
- Section 15 Data of effect of alteration or addition or cancellation of any provision in the chit agreement
- Section 16 Form of notice to Chit Subscriber
- Section 17 Form of minutes of proceedings
- Section 18 Procedure in the case of security given by the foreman
- Section 19 Valuation of the chit amount in grain chits
- Section 20 Substitution of security
- Section 21 Release of original security in case of substitutions
- Section 22 Application for release of security
- Section 23 Declaration by foreman
- Section 24 Procedure for release of security
- Section 25 Books of account to be maintained by the foreman
- Section 26 Accounts to be written up promptly
- Section 27 Filing of vouchers
- Section 28 Date for submission of balance sheet
- Section 29 Audit by a chit auditor
- Section 30 Audit certificate and report of the chit auditor to be in quadruplicate
- Section 31 Time for filing balance sheets audited by a chit auditor or other auditors
- Section 32 From of petition for winding up winding up and presentation
- Section 33 Proposals for collection and distribution of chit assets
- Section 34 Set –off to be allowed
- Section 35 Hearing of objections to the provisional statement
- Section 36 Final order of settlement by Registrar
- Section 37 Provision for expenses of winding up
- Section 39 Final order of winding up by the Registrar
- Section 42 Table of fees
- Section 43 Receipt of fees
- Section 44 Refund of fees
- Section 45 Reference of dispute
- Section 46 Registrar’s satisfaction regarding existence of a dispute
- Section 47 Disposal of a dispute or reference to a nominee
- Section 48 Qualifications for appointment as Registrar’s nominees
- Section 51 Investigation of claims and objections against any attachment
- Section 53 Procedure for attachment and sale of property for realization of any security given by person in course of execution proceedings
- Section 54 Issue of proclamation prohibiting private transfer of property
- Section 55 Procedure for execution of awards
- Section 56 Transfer of property which cannot be sold
- Section 57 Payment of fees for decisions of disputes
- Section 58 Appeal
- Section 59 Hearing and disposal of the appeal
- Section 60 Period of retention of records by the Registrar
- Section 61 Register of records kept
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