Bare ActsKerala Chitties Act, 1975

Section 13

Minutes of proceedings of drawing of chitty.--

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

(1) The minutes of the proceedings of every drawing shall be kept in a book and shall be signed-- (a) by the foreman and by at least two subscribers; and (b) in cases where the prize amount is determined by auction, by the prize winner or his agent. (2) The minutes mentioned in sub-section (1) shall state clearly-- (a) the date and hour when, and the place where, the proceedings began and ended; (b) the number of the particular instalment of the chitty of which the proceedings are recorded; (c) the names of the subscribers present; (d) the person or persons who obtained the prize; (e) the amount of discount; and (f) full particulars regarding the disposal of the prize amount in respect of the preceding instalment and disposal of unpaid prize amount, if any, in respect of any previous instalment.

Section 13 – Kerala Chitties Act, 1975 | DailyLaw.ai