Section 43:
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.
40/1982 - The Chit Funds Act, 1982 ▶
Act Number: 40
Act Name: The Chit Funds Act, 1982
Year: 1982
Enactment Date: 1982-08-19
Long Title: An Act to provide for the regulation of chit funds and for matters connected therewith.
Ministry: Ministry of Finance
Department: Department of Financial Services