The Goa, Daman & Diu Chit Funds Act, 1973
dadra-and-nagar-haveli-and-daman-and-diu · 1973
- S. 1Short title, extent and commencement
- S. 2Definitions
- S. 3Registration of bye-laws
- S. 4Prohibition of invitation for subscription to chit of which bye-laws have not been registered
- S. 5Form of chit agreement
- S. 6Filing of chit agreement
- S. 7Commencement of chit business
- S. 8Copies of bye-laws and chit agreement to be given to subscribers
- S. 9Alteration of chit agreement
- S. 10Minutes of proceedings
- S. 11—
- S. 12Security to be given by foreman
- S. 13Rights of foreman
- S. 14Duties of foreman
- S. 15Registers and books of account
- S. 16Balance sheet
- S. 17Liability of foreman to the Subscribers
- S. 18Withdrawal of foreman
- S. 19Non-prized subscribers to pay subscription and get receipt
- S. 20Removal of defaulting subscribers
- S. 21Substitution
- S. 22Amount due to defaulting subscriber how dealt with
- S. 23How meetings to be held
- S. 24Prized subscribers to give security
- S. 25Prized subscriber to pay the subscriptions regularly
- S. 26Foreman to demand future subscriptions by written notice
- S. 27Restrictions on transfer of right of foreman
- S. 28Transfer of non-prized subscriber's rights to be in writing
- S. 29Recognition of transfer by the foreman
- S. 30Entry of transferee's name in the book
- S. 31Provisions for continuation of chit in certain cases
- S. 32Termination of chit
- S. 33Copy of assent or consent to be filed with the Registrar
- S. 34Refund of non-prized subscribers contributions
- S. 35Subscriber's dues to be first charge on chit assets
- S. 36Foreman to allow subscriber to examine chit records
- S. 37Preservation of chit records by foreman
- S. 38Inspection of Chit Book and other records
- S. 39When Chit may be wound up
- S. 40Winding up application
- S. 41Insolvency or liquidation a bar to winding up proceedings
- S. 42Commencement and effect of winding up order
- S. 43Injunction order
- S. 44Powers of court on hearing application
- S. 45Chit assets to vest in court for distribution
- S. 46Suits stayed in winding up orders
- S. 47Copy of winding up order to be filed with Registrar
- S. 48Stay of winding up proceedings on insolvency of foreman
- S. 49Compensation for frivolous or vexatious application
- S. 50Right of appeal
- S. 51Limitation
- S. 52Appointment of Director of Chits, Inspecting Officers, Registrars and Chit Auditors
- S. 53Inspection of document in the Registrar's Office
- S. 54Levy of fees
- S. 55Appeal
- S. 56Power of Registrar to condone delay in certain cases
- S. 57Penalties
- S. 58Cognizance of offences
- S. 59Application of fines
- S. 60Power to enter and search any place and to seize documents etc
- S. 61Payment to be evidenced by document
- S. 62Interest at more than twelve per cent not to be allowed
- S. 63Power of court to grant relief in certain cases
- S. 64Power to make rules
- S. 65Recovery of amounts due from a foreman
- S. 66Act not to apply to certain chits
- S. 67Power to exempt
- S. 68Stamp duty
- S. 69Repeal and saving