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[Cites 0, Cited by 0] [Section 14] [Entire Act]

NCT Delhi - Subsection

Section 14(3) in The Madras Chit Funds Act, 1961

(3)Every payment of the prized amount, the deposit of the amount of future subscriptions under sub-section (1) and the deposit of the prize amount under sub-section (2) shall be intimated to the subscribers at the next succeeding drawing, and particulars of such payment of deposit entered in the minutes of the proceedings of that drawing.