Bare ActsThe chit funds act, 1982

Section 43

Subscribers’ dues to be first charge on chit assets

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

Subscribers’ dues to be first charge on chit assets.—Any amount due to the subscriber from a foreman in relation to the chit business shall be a first charge on the chit assets. CHAPTER IX INSPECTION OF DOCUMENTS

Section 43 – The chit funds act, 1982 | DailyLaw.ai