Keyword(s):
Discount, Divident, Drawing, Firm, Foreman, Non-Prized Subscriber, Prize
Amount, Subscriber, Ticket
CHAPTER I.
PRELIMINARY.
1 Short title, extent and commencement.
3 Definitions.
CHAPTER TI.
CONSTITUTIONAND REGISTRATION.
3 Registration of by-raws.
4 Prohibition of invitation for subscription to chit of which by-laws have not bcua
registered.
5 Form of chit agreement.
6 Filing of chit agreement.
7 Commencement of chit business.
8 Copies of by-laws and chit agreement to be given to subscribers.
9 Alteration of chit agreement.
10 Minutes of proceedings.
11 Copy of minutes to be filed with”the Registrar.
CHAPTER ID.
FOREMBN.
12 Security to be given by foreman.
13 The rights of the foreman.
14 The duties of the foreman.
15 Registers and booksof account.
16 Balance–sheet.
17 Liability of the fo*emanto tho subscribers.
t
18 Withdrawal of a foreman.Chit Fun&
[I961 : T.N. Act 24
CHAPTER IV.
MON-PRIZLDSUBSCRIBERS.
SEC~ONS.
I
19 Non-prized subscriber to pay subscription and get receipt.
20 Removal of defaulting subscribers.
21 Substitution.
22 Amount due to defaulting subscriber how dealt with.
CHAPTER V.
PRIZEDSUBSCRIBERS.
23 Prized subscribsr to give secu rity. .
24 Prized subscriber to pay the subscription regularly.
25 Foreman to demand future su~bscriptionsby written notics.
CHAPTER VI.
TRANSFER.
26 Restrictions on transfer of right of foreman. .
27 Transfer of non-prized subscriber’s rights to kin writing
28 Recognition of transfer by the foreman.
29 Entry of transferee’s namss in the book.
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