| 1 | Short title, extent and commencement. |
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| 2 | Definitions. |
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| 3 | Act to override other laws, memorandum, articles, etc. |
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| 4 | Prohibition of chits not sanctioned or registered under the Act. |
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| 5 | Prohibition of invitation for subscriptions except under certain conditions. |
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| 6 | Form of chit agreement. |
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| 7 | Filing of chit agreement. |
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| 8 | Minimum capital requirements for the commencement, etc., of a chit, and creation of a reserve fund, by a company. |
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| 9 | Commencement of chit. |
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| 10 | Copies of chit agreement to be given to subscribers. |
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| 11 | Use of words "chit", "chit fund", "chitty", "kuri", "fraternity fund", or "Rotating Savings and Credit Institution". |
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| 12 | Prohibition of transacting business other than chit business by a company. |
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| 13 | Aggregate amount of chits. |
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| 14 | Utilisation of funds. |
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| 15 | Alteration of chit agreement. |
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| 16 | Date, time and place of conducting chits. |
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| 17 | Minutes of proceedings. |
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| 18 | Copies of minutes to be filed with Registrar. |
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| 19 | Restriction on opening of new place of business. |
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| 20 | Security to be given by foreman. |
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| 21 | Rights of foreman. |
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| 22 | Duties of foreman. |
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| 23 | Books, records, etc., to be kept by foreman. |
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| 24 | Balance sheet. |
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| 25 | Liability of foreman to subscribers. |
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| 26 | Withdrawal of foreman. |
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| 27 | Non-prized subscribers to pay subscriptions and obtain receipts. |
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| 28 | Removal of defaulting subscribers. |
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| 29 | Substitution of subscribers. |
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| 30 | Amounts due to defaulting subscribers. |
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| 31 | Prized subscriber to furnish security. |
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| 32 | Prized subscriber to pay subscriptions regularly. |
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| 33 | Foreman to demand future subscriptions by written notice. |
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| 34 | Restrictions on transfer of rights of foreman. |
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| 35 | Transfer of non-prized subscriber's rights to be in writing. |
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| 36 | Recognition of transfer by foreman. |
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| 37 | Entry of transferee's name in the books. |
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| 38 | Meetings of general body of subscribers. |
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| 39 | Provision for continuation of chits in certain cases. |
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| 40 | Termination of chits. |
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| 41 | Copy of assent or consent to be filed with Registrar. |
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| 42 | Refund of non-prized subscribers' subscriptions. |
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| 43 | Subscribers' dues to be first charge on chit assets. |
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| 44 | Foreman to allow certain subscribers to inspect chit records. |
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| 45 | Preservation of chit records by foreman. |
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| 46 | Inspection of chit books and records by Registrar. |
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| 47 | Power of Reserve Bank to inspect chit books and records. |
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| 48 | Circumstances under which chits may be wound up. |
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| 49 | Application for winding up. |
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| 50 | Bar to winding up proceedings. |
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| 51 | Commencement and effect of winding up order. |
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| 52 | Injunction order. |
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| 53 | Powers of Registrar. |
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| 54 | Vesting of chit assets in Registrar or other persons. |
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| 55 | Suits, etc., to be stayed on winding up order. |
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| 56 | Notification of winding up order. |
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| 57 | Cessation of winding up proceedings on insolvency of foreman, etc., or the winding up of the company and transfer of such proceedings. |
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| 58 | Award of compensation to foreman. |
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| 59 | Right to appeal. |
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| 60 | Limitation. |
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| 61 | Appointment of Registrar and other officers. |
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| 62 | Inspection of documents in Registrar's office. |
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| 63 | Levy of fees. |
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| 64 | Disputes relating to chit business. |
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| 65 | Period of limitation. |
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| 66 | Settlement of disputes. |
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| 67 | Procedure for settlement of disputes and powers of Registrar or nominee. |
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| 68 | Attachment before judgment and other interlocutory orders. |
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| 69 | Decision of Registrar or nominee. |
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| 70 | Appeal against decision of Registrar or nominee. |
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| 71 | Money how recovered. |
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| 72 | Private transfer of property made after issue of certificate void against foreman. |
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| 73 | Advisory role of Reserve Bank. |
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| 74 | Appeals. |
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| 75 | Powers of Registrar to give extension of time for filing documents. |
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| 76 | Penalties. |
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| 77 | Penalty for second and subsequent convictions. |
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| 78 | Application of fine. |
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| 79 | Offences by companies. |
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| 80 | Cognizance of offences. |
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| 81 | Power to compound offences. |
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| 82 | Power to enter and search any place and to seize any documents. |
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| 83 | Officers to be public servants. |
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| 84 | Power to delegate. |
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| 85 | Act not to apply to certain chits. |
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| 86 | Banks not to conduct chit business. |
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| 87 | Power to exempt. |
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| 88 | Protection of action taken under the Act. |
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| 89 | Power to make rules. |
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| 90 | Repeal and saving. |
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