# The Chit Funds Act, 1982, Section 10: Copies of chit agreement to be given to subscribers

- Act: The Chit Funds Act, 1982 (Act 40 of 1982)
- In force from: 1984-04-02
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/chit-funds-act-1982/section/10/

## Text

(1) A foreman shall, as soon as may be after he has obtained the certificate of commencement under sub-section (2) of section 9, but not later than the date of the first draw of the chit, furnish to every subscriber, a copy of the chit agreement certified to be a true copy. (2) A foreman shall, within fifteen days after the close of the month in which the draw for the first instalment of the chit is held, file with the Registrar, a certificate to the effect that the provisions of sub-section (1) have been complied with.

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