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Section 25: Books of account to be maintained by the foreman

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

In addition to the book of minutes of draws mentioned in Section 17, every foreman shall keep the following registers and books of accounts in the forms mentioned against each or in the forms as near thereto as possible.

(1) A register of subscribers in Form XIII;

(2) A ledger in Form XIV;

(3) A day book in Form XV;

(4) A receipt book in Form XVI duly certified by the Foreman as to the number of pages in duplicate;

(5) A book containing copies of all notices issued by the Foreman to the subscribers;

(6) A file containing the letters of authorization of the subscribers, for subscribing his name in the chit agreement and for participating in the auction of the chit;

(7) A file containing the vouchers for payment made by the foreman;

(8) A file containing documents relating to securities offered by the prized subscribers.

(9) A register in Form XXII showing the amounts deposited in approved banks in respect of all chit conducted by the foreman.

Where this provision sits

ActThe Tamil Nadu Chit Funds Rules, 1984
Section25
Marginal noteBooks of account to be maintained by the foreman
JurisdictionState of Tamil Nadu
StatusIn force as published by the source

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