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State of Odisha - Section

Section 17 in The Orissa Chit Funds Rules, 1985

17. Form of minutes of proceedings.

- The minutes of proceedings of every draw shall, in addition to the particulars specified in Sub-section (2) of Section 17, contain full particulars of the following points, namely:
(a)particulars of deposit, if any, of the prize amount under Subsections (1) and (2) of Section 22 since the date of the previous draw;
(b)particulars of deposit, if any, of money under Sub-section (1) of Section 30 and Sub-section (4) of Section 33 since the date of the previous draw;
(c)amount withdrawn from the approved Bank (the name of the Bank to be specified) and the purpose for which the amount was withdrawn since the date of the previous draw ;
(d)how the prized subscriber was ascertained according to the terms of the chit agreement and particulars of tickets and prize amount. If the ascertainment of the prized subscriber related to a fraction of a ticket, particulars in respect of each such fraction shall be entered;
(e)full particulars of the commission paid to the foreman and the amount of dividend assigned to each subscriber;
(f)names of subscribers or their authorised agents who bid at the drawing, their ticket numbers and signatures.
Chapter-III Foreman