Section 60(3) in Jammu and Kashmir Chit Funds Act, 2016
(3)Nothing contained in this Chapter shall effect the rights of a subscriber to proceed against the foreman personally for the balance, if any, of the amount due to him after the declaration of the final dividend in the proceedings for the winding up of the chit and in computing the period of limitation prescribed for any such proceedings, the period from the date of the presentation of the application for the winding up the chit to the date of the declaration of the final dividend shall be excluded.
