company had given another chits to the accused. If
the accused violated the terms and conditions of the chit
agreement, the accused may approached ... given one more chit to him. Therefore the complaint has violated
the terms and conditions mentioned in the chit agreement. In
support of his case
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
time of chit, the complainant
11 SCCH-22
C.C.3028/2018
company had obtained signatures on chit agreement and vouchers
and they are blanked ... subscriber of another chit No.40
in chit group No.NB/LT/11 for chit value of Rs.25,00,000/- for a
period
chit who
occupies a special relationship with all the subscribers of the
chit fund, which would justify stringent provisions being
incorporated in the agreement ... dates and times and at the place
mentioned in the chit agreement and, on his failure to
do so, he shall be liable to make
obligations to
the other members of the chit fund.
....., the relationship between a chit subscriber
and the chit foreman is a contractual obligation, which
creates ... Chit Funds Act,
1982, the Tamil Nadu Chit Funds Rules, 1982 were framed. Form VIII
contains the model form of chit agreement. Clause
chit in Chit
Group Bearing No.5LC1 with ticket No.14 and for the
discharge of legal liability in the said chit he had issued ... 5lCI Chit No.14 and
has obtained an prize amount of Rs.3,50,000/- by the
complainant firm by executing chit agreement
principles of
natural justice.
2. The trial court without considering the chit
agreement, has blindly passed the judgment by
sentencing the appellant ... liable to be
set aside in limine.
4. There is a chit agreement between the
appellant and the respondent and there was an
arbitration clause
smooth conduct of chit funds. This
legislation (supplemented by Delhi Chit Fund Rules 2007), inter-alia, provides for
mandatory registration of chit fund companies ... chit scheme individually. It also mandated a provision for minimum capital
requirements for a company intending to organize a chit fund, written chit
agreements between
smooth conduct of chit funds. This
legislation (supplemented by Delhi Chit Fund Rules 2007), inter-alia, provides for
mandatory registration of chit fund companies ... chit scheme individually. It also mandated a provision for minimum capital
requirements for a company intending to organize a chit fund, written chit
agreements between
Madras Chit Fund Act, 1961 . The plaintiff has got registered
with the Registrar Chit Funds for conducting the chits. The chit fund
number given ... chit known as class
X series 24 with 40 subscribers, total value of the chit was Rs.
2,00,000/. The chit
