Use of words "chit", "chit fund", "chitty", "kuri", "fraternity fund", or "Rotating Savings and Credit Institution"
Section 11 of the Chit Funds Act, 1982 deals with use of words "chit", "chit fund", "chitty", "kuri", "fraternity fund", or "Rotating Savings and Credit Institution". No person shall carry on chit business unless he uses as part of his name any of the words "chit", "chit fund", "chitty", "kuri", "fraternity fund" or "Rotating Savings and Credit Institution" and no person other than a person carrying on chit business shall use as part of his name any such word.br The Act came into force on 02 Apr 1984.
1[(1) No person shall carry on chit business unless he uses as part of his name any of the words "chit", "chit fund", "chitty", "kuri", "fraternity fund" or "Rotating Savings and Credit Institution" and no person other than a person carrying on chit business shall use as part of his name any such word.br
(2) Where at the commencement of this Act,—br
(a) any person is carrying on chit business without using as part of his name any of the words specified in sub-section (1); orbr
(b) any person not carrying on chit business is using any such word as part of his name, he shall, within a period of one year from such commencement, add as part of his name any such word or, as the case may be, delete such word from his name:br
Provided that the State Government may, if it considers necessary in the public interest or for avoiding any hardship, extend the said period of one year by such further period or periods not exceeding one year in the aggregate.]
Section 11, The Chit Funds Act, 1982 (Act 40 of 1982).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Referred to by 2
Judgments citing this section
These may be obiter dicta or a precedent, for you to study. These are the judgments where this section is quoted.
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… The contents of the report show that it is a case where the petitioners have cheated gullible public by collecting money from them in the name of the chit fund business and cheated them. So, the allegations of the F.I.R. prima facie constitute the offences punishable under Section 420 of I.P.C. and under Section 76 r/w 4 and 11 of the Chit Funds Act. So, the matter requires investigation to find out the truth or otherwise of the said allegations. There are not valid legal grounds emanating from the record warranting interference of this Court either to quash the F.I.R. or to stay the investigation. 5. Therefore, this Criminal Petition …
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… He cannot investigate the case without the order of a competent Magistrate." In the absence of any specific allegation or material to show that the petitioner has committed the offences punishable under section 11 of the Chit Funds Act 1982, which alone, as per Section 80 of the above Act, is cognizable, this Court find no justification in registering Annexure A2 FIR. Consequently, the same is liable to be quashed in terms of the prayer in the M.C. In the result, this M.C. is allowed quashing Annexure A2 FIR. It is made …
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… Act 1932 is applicable only in India except Jammu & Kashmir i.e, other place is not allowed of Jammu & Kashmir." That itself is not a ground to reject the petitioner's application. 4. Moreover, the petitioner filed Ext.P3 Form I mentioning the name of the firm as M/s. SAINT GITS KURIES. According to Section 11 of The Chit Funds Act, 1982, no person shall carry on chit business unless he uses as part of his name any of the words "chit" "chit fund", "chitty" or "kuri" and no person other than a person carrying on chit business shall use as part of his name any such word. In the circumstances, the observations, i.e., "other …
Questions about Section 11
What does Section 11 of the Chit Funds Act deal with?
Section 11 of the Chit Funds Act is headed "Use of words "chit", "chit fund", "chitty", "kuri", "fraternity fund", or "Rotating Savings and Credit Institution"". No person shall carry on chit business unless he uses as part of his name any of the words "chit", "chit fund", "chitty", "kuri", "fraternity fund" or "Rotating Savings and Credit Institution" and no person other than a person carrying on chit business shall use as part of his name any such word.br
How do I find court cases under Section 11 of the Chit Funds Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Chit Funds Act 1982 11, section 11 Chit Funds Act 1982, section 11 of the Chit Funds Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 11 of the Chit Funds Act, and has it changed?
2 other provisions in this corpus refer back to it.
When did Section 11 of the Chit Funds Act come into force?
Section 11 of the Chit Funds Act, cited as Chit Funds Act 1982 11, came into force on 02 Apr 1984, having been enacted on 19 Aug 1982. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions795 words
- 6. Form of chit agreement577 words
- 22. Duties of foreman483 words
- 89. Power to make rules471 words
- 20. Security to be given by foreman428 words
- 67. Procedure for settlement of disputes and powers of Registrar or nominee419 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 17 Oct 2026. This page is not a substitute for legal advice.