Chit Fund Act , the company has to deposit chit
amount with the Registrar of Chits and thereafter the chit has to be
conducted. The company ... application for subscription of chit and chit agreement. They bear the
name of the complainant but do not bear her signature. The signatures
are made
chit and that the
accused was also running unregistered chits apart from the registered
chits. It was elicited that there was no chit agreement between ... Chit Certificate dated 03.10.2017 issued by Asst.
Registrar, Chit Funds in respect of Chit Group
No.SK 2LG1.
Ex.D.9 Chit Agreements
Chits and the chit company has to maintain the records
pertaining to the chit transactions and the chit company has
to enter Chit Agreement with ... subscribed chit and received prize money from the
complainant company and the complainant has produced
Chit prior sanction order, Chit Agreement and Certificate
regarding deposit
said mistake
itself does not invalidate the Chit prior sanction order as
well as Chit agreement.
16. The learned counsel for the accused referring ... obtained
permission to conduct the Chit Group No. BSN001LG.
As could be seen from Ex.P12 Chit Agreement that the
complainant company
produced Ex.P.10 chit
prior sanctioned order Ex.P.11 chit commencement
certificate and Ex.P.12 chit agreement executed by
the accused ... accounts
Ex.P.10 : Chit prior sanction order
Ex.P.11 : Chit commencement certificate
Ex.P.12 : Chit agreement executed by the
accused
respect of the chit group GG-02 as Ex.P-23(a) and disputed his
signature in the chit agreements marked ... 14270/2010
of the chit group GO-01 and Ex.P-24. In the Ex.P-23, chit
agreement in respect of the chit group
Corporation .
14. On perusal of the Ex.P2 that is chit agreement,
Ex.P9 that is on demand promissory note ... accused has not denied the chit transaction with that of
the complainant. Though the accused has entered into
chit agreement on 24.02.2014 the accused continued
permission of the chit registrar
21 CC.No. 2633/2018
and also chit agreement Ex.P4 executed by the
accused is sufficient to prove ... certificate
Ex.P2 : Chit commencement permission
letter
Ex.P3 : C/c of authorization
Ex.P4 : Chit agreement
Ex.P5 : Chit auction
said document and also executed the
chit agreement Ex.P3 with the signature ExP3(a) on
the said cheque. The relevant portion ... regarding acceptance of
Rs.2,32,201/- and execution of the chit agreement
Ex.P3 and the payment receipt
that he was not a chit subscriber in the complainant
company and he has not entered into chit agreement
as per Ex.P5 with ... discloses that accused are the
subscriber of the chit and he has entered into a chit
agreement by endorsing his signature
