The Chit Funds Act, 1982 · VIII — TERMINATION OF CHITS

Section 43. Subscribers' dues to be first charge on chit assets

In force · As amended up to 2026-08

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.

Source: India Code