The Chit Funds Act, 1982 · IV — RIGHTS AND DUTIES OF NON-PRIZED SUBSCRIBERS

Section 27. Non-prized subscribers to pay subscriptions and obtain receipts

In force · As amended up to 2026-08

CHAPTER IV RIGHTS AND DUTIES OF NON-PRIZED SUBSCRIBERS 27. Non-prized subscribers to pay subscriptions and obtain receipts. —Every non-prized subscriber shall pay his subscription due in respect of every instalment on the dates and times and at the places mentioned in the chit agreement and shall, on such payment, be entitled to obtain a receipt from the foreman.

Source: India Code