Bare ActsThe Goa, Daman & Diu Chit Funds Act, 1973

Section 18

Withdrawal of foreman

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

Withdrawal of foreman.— Where there are more than one person as foreman in a chit, none of them shall withdraw from it until the termination of the chit unless such withdrawal is assented to by all the non-prized subscribers and unpaid prized subscribers and a copy of such assent has been filed as required by section 33. Such withdrawal shall not, however, affect the security given under section 12. CHAPTER IV Non-prized Subscribers

Section 18 – The Goa, Daman & Diu Chit Funds Act, 1973 | DailyLaw.ai