CF Act 10Chapter II · Registration of Chits, Commencement and Conduct of Chit Business
Section 10 · Copies of chit agreement to be given to subscribers
Text size — level 1 of 4
(1) A foreman shall, as soon as may be
after he has obtained the certificate of commencement under sub-section (2) of section 9, but not later
than the date of the first draw of the chit, furnish to every subscriber, a copy of the chit agreement
certified to be a true copy.
(2) A foreman shall, within fifteen days after the close of the month in which the draw for the first instalment of the chit is held, file with the Registrar, a certificate to the effect that the provisions of sub-section (1) have been complied with.
(2) A foreman shall, within fifteen days after the close of the month in which the draw for the first instalment of the chit is held, file with the Registrar, a certificate to the effect that the provisions of sub-section (1) have been complied with.
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