Section 25 in The Chit Funds (Madhya Pradesh) Rules, 1984
25. Books of account to be maintained by the foreman.
- In addition to the book of minutes of draws mentioned in Section 17, every foreman shall keep the following registers and books of account in the forms mentioned against each or in the forms as near thereto as possible.(1)A register of subscribers in Form XIV.(2)A ledger in Form XV.(3)A day book in Form XVI.(4)A receipt book in Form XVII duly certified by the foreman as to the number of pages in duplicate.(5)A book containing copies of all notices issued by the foreman to the subscribers.(6)A file containing the letter of authorisation of the subscribers, for subscribing his name in the chit agreement and for participating in the auction of the chit.(7)A file containing the vouchers for payment made by the foreman.(8)A file containing documents relating to securities offered by the prize subscribers.
