Section 15: Data of effect of alteration or addition or cancellation of any provision in the chit agreement
The Tamil Nadu Chit Funds Rules, 1984State Rules of Tamil Nadu · 1982
An alteration of, or addition to, or cancellation of any provision in the chit agreement shall not take effect from a date earlier than the date of such registration of the alteration or addition or cancellation as the case may be unless otherwise ordered by the registrar:
5
Provided that the Registrar shall not give effect to the alteration or addition or omission from a date earlier than the date of application for registration of the alteration or addition or omission of any provision of the chit agreement, as the case may be.