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[Cites 0, Cited by 0] [Section 17] [Entire Act]

Union of India - Subsection

Section 17(2) in The Chit Funds Act, 1982

(2)The minutes referred to in sub-section (1) shall state clearly—
(a)the date and hour when proceedings began and ended and the place where the draw was held;
(b)the number of the instalment of the chit to which the proceedings relate;
(c)the names of the subscribers present;
(d)the person or persons who become entitled to the prize amount in the instalment;
(e)the amount of discount;
(f)full particulars regarding the disposal of the unpaid prize amount, if any, in respect of any previous instalment; and
(g)any other particulars that may be prescribed.