Section 20(2) in Chit Funds (Rajasthan) Rules, 1989
(2)The Registrar may grant permission after satisfying himself:(i)That the fresh request of the foreman for substitution of the security given under section 20 is for the reasons stated in the application; and(ii)The procedure prescribed in Rule 18 shall apply Mutatis Mutandis to the substituted security given by the foreman under this rule.
