Legal glossary
“gross chit amount”
Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Chit Funds Act, 1982 · s. 2
(ja) "gross chit amount" means the sum-total of the subscriptions payable by all the subscribers for any installment of a chit without any deduction of discount or otherwise;
Read section 2