Amendment status not verified — confirm the current text below against the official source.
Nothing in this Act shall apply in respect of (a) any chit started before the commencement of this Act; or (b) any chit the amount of which, or where two or more chits were started or conducted simultaneously by the same foreman, the aggregate amount of which does not exceed 1 [such amount as may be specified, by notification in the Official Gazette, by the State Goverment].