Section 28 in Andhra Pradesh Chit Funds Rules, 2008
28. Date for submission of Balance sheet:
(1)The balance sheet prepared in accordance with the provisions of Section 24 shall be filed with the Registrar within a period of three months from the expiry of the period with reference to which it is prepared.(2)Receipts and Expenditure Account and statement showing the assets and liabilities of the individual chit group shall be filed in the form XXI with Registrar within a period of two months from the termination of the chit when the duration of the chit does not exceed one year and when the duration of the chit exceeds one year on expiry of every period of twelve months and also on the termination of the chit.
