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[Cites 0, Cited by 0] [Section 6] [Entire Act]

State of Maharashtra - Subsection

Section 6(4) in The Maharashtra Chit Funds Act, 1974

(4)The amount of discount in a chit shall not [exceed 25 per cent] [These words and figures were substituted for the words and figures 'exceed 12 per cent' by Maharashtra 16 of 1976, Section 2.] of the chit amount.