Amendment status not verified — confirm the current text below against the official source.
Rights of foreman.—(1) The foreman shall be entitled,— (a) in the absence of any provision in the chit agreement to the contrary, to obtain the 2[gross chit amount] at the first instalment without deduction of the discount specified in the chit agreement, subject to the condition that he shall subscribe to a ticket in the chit: Provided that in a case where the foreman has subscribed to more than one ticket, he shall not be eligible to obtain more than one 2[gross chit amount] in a chit without discount;