Bare ActsThe Chit Funds Act, 1982

Section 27

Non-prized subscribers to pay subscriptions and obtain receipts.

Amendment status not verified — confirm the current text below against the official source.

Every non-prized subscriber shall pay his subscription due in respect of every instalment on the dates and times and at the places mentioned in the chit agreement and shall, on such payment, be entitled to obtain a receipt from the foreman.

Section 27 – The Chit Funds Act, 1982 | DailyLaw.ai