Non-prized subscribers to pay subscriptions and obtain receipts
Section 27 of the Chit Funds Act, 1982 deals with non-prized subscribers to pay subscriptions and obtain receipts. Every non-prized subscriber shall pay his subscription due in respect of every instalment on the dates and times and at the places mentioned in the chit agreement and shall, on such payment, be entitled to obtain a receipt from the foreman. The Act came into force on 02 Apr 1984.
Every non-prized subscriber shall pay his subscription due in respect of every instalment on the dates and times and at the places mentioned in the chit agreement and shall, on such payment, be entitled to obtain a receipt from the foreman.
Section 27, The Chit Funds Act, 1982 (Act 40 of 1982).
Questions about Section 27
What does Section 27 of the Chit Funds Act deal with?
Section 27 of the Chit Funds Act is headed "Non-prized subscribers to pay subscriptions and obtain receipts". Every non-prized subscriber shall pay his subscription due in respect of every instalment on the dates and times and at the places mentioned in the chit agreement and shall, on such payment, be entitled to obtain a receipt from the foreman.
How do I find court cases under Section 27 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 27, section 27 Chit Funds Act 1982, section 27 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 27 of the Chit Funds Act come into force?
Section 27 of the Chit Funds Act, cited as Chit Funds Act 1982 27, 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 15 Oct 2026. This page is not a substitute for legal advice.