Section 85:
Act not to apply to certain chits.
Nothing in this Act shall apply in respect of
(a) any chit started before the commencement of this Act; or
(b) any chit the amount of which, or where two or more chits were started or conducted
simultaneously by the same foreman, the aggregate amount of which does not exceed 1[such amount
as may be specified, by notification in the Official Gazette, by the State Goverment].
Notes:
1. Subs. by Act 41 of 2019, s. 9, for “one hundred rupees” (w.e.f. 1-1-2020).