Chit Funds Act, 1971, but not the date of either registration of
membership of the chit or the date of execution of the chit agreement ... State Act i.e., A.P. Chit
Funds Act, 1971 . Taking into consideration the membership registration,
chit agreement, guarantor's agreement and execution
join one chit for chit value of
Rs.10,00,000/-. As per his undertaking accused joined
the said chit run by Sri. Shiva Kumar ... 13493/2018
31
Ex.P2 : Chit License
Ex.P3 : Authorisation
Ex.P4 : Chit agreement
Ex.P5 : On Demand Promissory note
complainant company is a
registered chit fund company engaged in the chit
business. Accused has participated in the chit group ... Chit commencement sanction order
Ex.P4 : Chit commencement order
Ex.P5 : Chit agreement
Ex.P6 : On demand
Ex.P7 : Receipt
chit value is Rs.5,00,000/- monthly
subscription Rs.10,000/- and said chit was commenced on
28-09-2010 and chit agreement registered ... legal expense along with EP claim
amount. Ex-P11 is the chit agreement, the accused entered
into this agreement, he put his signature on each
chits under the provisions of Chit Funds Act 1982.
The husband of the Accused by name Mr.
Keshavamurthy J., had subscribed for a chit bearing ... paying the chit installments. He paid
only Rs.33,000/ as against Rs.5,00,000/ as per
the chit Agreement and thereafter became
chit commencement
CC.No.19448/2017
12
certificate, Ex.P3 is the Chit license, Ex.P4 is the Chit
agreement ... Complainant:-
Ex.P1 : Chit license
Ex.P2 : Chit commencement certificate
Ex.P3 : Chit License
Ex.P4 : Chit circular
Ex.P5 : Minutes
case is that :
The complainant is running register chit business,
the accused enter into chit agreement with
complainant dated 1st September 2016 and accused ... facts of the
case. He is running register chit business, the accused
enter into chit agreement with complainant dated 1 st
September 2016 and accused
postal acknowledgment, Ex.P7 Voucher, Ex.P8 Chit Agreement.
12. The accused denied the case of complainant and raised his
defence during cross ... award at Ex.D2 order sheet
at Ex.D3, chit agreement at Ex.D4, notice issued to him his wife and
guarantor
conducting Chits as per the provisions of the Chit
Funds Act . The accused subscribed Chit bearing
No. 10L4 with Ticket No.05, for Chit value ... conducting Chits as per the
provisions of the Chit Funds Act . The accused
subscribed Chit bearing No. 10L4 with Ticket No.05,
for Chit value
they have
produced the Chit Agreement, Blank cheques issued by
the accused, blank cheque issued by sureties as Ex.D1
to 27.
12. Here ... clear that, Ex.D1 & 2 are the Chit agreement
executed by accused in favour of the complainant. Now,
DW1 produced the same, stating
