Bare ActsThe Chit Funds Act, 1982

Section 32

Prized subscriber to pay subscriptions regularly.

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

Every prized subscriber shall pay his subscriptions regularly on the dates and times and at the place mentioned in the chit agreement and, on his failure to do so, he shall be liable to make a consolidated payment of all the future subscriptions forthwith.

Section 32 – The Chit Funds Act, 1982 | DailyLaw.ai