chit, he shall furnish security in accordance with the provisions of sub-section (1) in respect of each chit. (3) The Registrar ... chit is terminated and the claims of all the subscribers are fully satisfied. (5) Where the chit is terminated and the Registrar has satisfied himself
inspectors of chits or chit auditors by or under this Act. (3) All inspectors of chits and chit auditors shall discharge the duties imposed upon ... superintendence and control of the Registrar. (4) If the Registrar is of opinion that the accounts of any chit are not properly maintained and that
Maxwell Enterprise Thr Proprietor ... vs Joint Registrar Of Chits Mumbai And Anr on 11 September, 2023
Author: Madhav J. Jamdar
Bench: Madhav J. Jamdar ... Maxwell Enterprise
through Proprietor Ritesh Chaudhary ...Petitioner
Versus
Joint Registrar of Chits Mumbai, Thane
and Raigad & Anr. ...Respondents
WITH
WRIT PETITION NO.11302
Deputy Registrar informed the Registrar that as per his request from Deputy Registrar, Faizabad, Deputy Registrar, Kanpur , Assistant Registrar, Azamgarh and Assistant Registrar, Gorakhpur anyone ... others , (2002) 2 UPLBEC 993; (ii) T.P. Singh v. Registrar/Assistant Registrar Firms, Chits & Societies, (2019) 37 LCD 186; ( iii) C/M, Shri
governing Chit Funds. The Chit Funds Act, 1982
(hereinafter referred to as the Chit Funds Act ). It provides for
mandatory registration of chit fund companies ... Registrar, Chit Funds in respect of Chit Group
No.SK 5LG1.
Ex.D.8 Chit Certificate dated 03.10.2017 issued by Asst.
Registrar, Chit Funds
company namely M/s Telic Chit Fund Pvt. Ltd. was
registered with Chit Fund Department, GNCTD for doing chit
business. It has also been stated ... Delhi, Office of the
Registrar Chit Fund, New Delhi to Joint Director (Chit
Fund), Registrar Chit Fund-cum-Director, Haryana] and
letter
chit agreement and return the duplicate chit agreement to be foreman with an endorsement that the chit agreement is filed. 7. Commencement of chit business ... unsound mind, the chit may be continued in accordance with the provisions of the chit agreement. 31. Termination of chit.
- A chit shall be deemed
chit agreement and return the duplicate chit agreement to the foreman with an endorsement that the chit agreement is filed. 7. Commencement of chit business ... wise incapacitated, the chit may be continued in accordance with the provisions of the chit agreement. 31. Termination of chit.
- A chit shall be deemed
chit agreement and return the duplicate chit agreement to the foreman with an endorsement that the chit agreement is filed. 7. [ Commencement of chit business ... unsound mind, the chit may be continued in accordance with the provisions of the chit agreement. 31. Termination of chit.
- A chit shall be deemed
from starting chits and also to regulate the conduct of chits by even solvent and bona fide chit organisers and therefore, the Registrar, appointed ... drawing of any chit unless he has obtained a certificate of commencement in respect of each such chit from the Registrar. Therefore, the moment
