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Section 17: Form of minutes of proceedings

The Tamil Nadu Chit Funds Rules, 1984State Rules of Tamil Nadu · 1982

The minutes of proceedings of every draw shall, in addition to the particulars specified in sub-section (2) of Section 17, contain full particulars of the following points, namely:-

(a) Particulars of deposit, if any, of the prize amount under subsection (2) of Section 22 since the date of the previous draw;

(b) Particulars of deposit, if any, of money, under sub-section (1) of Section 22, sub-section (1) of Section 30 and sub-section (4) of Section 33 since the date of the previous draw;

(c) Amount withdrawn from the approved bank (the name of the bank to be specified) and the purpose for which the amount was withdrawn since the date of the previous draw;

(d) How the prized subscriber was ascertained according to the terms of the chit agreement and particulars of tickets and prize amount. If the ascertainment of the prized subscriber related to a fraction of ac ticket, particulars in respect of each such fraction shall be entered;

(e) Full particulars of the commission, remuneration or for meeting the expenses of the chit, paid to the foreman and the amount of divided assigned each subscriber;

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(f) Names of subscribers or their authorized agents who bid at the draw, their ticket numbers and signatures.

Chapter III Foreman

Where this provision sits

ActThe Tamil Nadu Chit Funds Rules, 1984
Section17
Marginal noteForm of minutes of proceedings
JurisdictionState of Tamil Nadu
StatusIn force as published by the source

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