Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Entire Act]

NCT Delhi - Section

Section 54 in The Madras Chit Funds Act, 1961

54. Appeals.

(1)Any foreman aggrieved by an order of the Registrar-
(a)refusing to register the bye-laws of a chit under sub-section (1) of Section 3;
(b)refusing to grant a certificate of commencement under sub-section (2) of Section 7;
(c)refusing to accept the security under Clause (a) of sub-section (1) of Section 12 or under Section 23; or
(d)refusing to release the property charged by way of security or to order the release of the cash security or the Government securities under sub-section (4) or sub-section (5) of Section 12;
may, within thirty days of the communication to him of such order; appeal to the Director of Chits;
(2)Any foreman or any other person aggrieved by an order of the Registrar under sub-section (1) of Section 26 or by an order of an officer empowered by the Administrator under sub-section (2) of that section may, within thirty days of the communication to him of such order, appeal to the Director of Chits.
(3)The Director of Chits may, after giving the appellant an opportunity of being heard, pass such orders on the appeal under sub-section (1) or sub-section (2), as he thinks fit.