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[Cites 0, Cited by 1] [Section 16] [Entire Act]

State of Tamilnadu - Subsection

Section 16(2) in Tamil Nadu Chit Funds Act, 1961

(2)The balance-sheet referred to in sub-section (1) shall-
(a)contain a summary of the assets and liabilities of the chit; and
(b)give such particulars as will disclose the nature of the assets and liabilities and how the value of the assets has been arrived at.