Section 34 in The Goa, Daman and Diu Chit Funds Act, 1973
34. Refund of non-prized subscribers contributions.
- Except in the cases referred to in clauses (a) and (b) of section 32 -(a)every non-prized subscriber shall, unless otherwise provided for in the chit agreement, be entitled to get back his contribution at the termination of the chit without deduction for dividend, if any, received by him:Provided that any person to whom the rights of a non-prized subscriber are transferred under sections 28, 29 and 30 shall, in addition to his own contributions, be entitled to get back the contribution, made by such non-prized subscriber, subject to the conditions specified in this clause;(b)if the chit terminates on a date earlier than the date originally fixed in the chit agreement, the non-prized subscriber's claim shall be deemed to have arisen on the date on which he has notice thereof.
