Liability of foreman to subscribers
Section 25 of the Chit Funds Act, 1982 deals with liability of foreman to subscribers. Every foreman shall be liable to account to the subscribers for the amounts due to them. The Act came into force on 02 Apr 1984.
(1) Every foreman shall be liable to account to the subscribers for the amounts due to them.
(2) Where there are more than one foreman in a chit, each one of them jointly and severally and, if the foreman is a firm or other association of individuals, each one of the partners or individuals thereof jointly and severally and, if the foreman is a company, the company as such, shall be liable to the subscribers in respect of the obligations arising out of the chit.
Section 25, The Chit Funds Act, 1982 (Act 40 of 1982).
Questions about Section 25
What does Section 25 of the Chit Funds Act deal with?
Section 25 of the Chit Funds Act is headed "Liability of foreman to subscribers". Every foreman shall be liable to account to the subscribers for the amounts due to them.
How do I find court cases under Section 25 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 25, section 25 Chit Funds Act 1982, section 25 of the Chit Funds Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 25 of the Chit Funds Act come into force?
Section 25 of the Chit Funds Act, cited as Chit Funds Act 1982 25, 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.