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Section43
The Chit Funds Act, 1982

Subscribers' dues to be first charge on chit assets

In force From 02 Apr 1984 Act 40 of 1982 As on 16 Oct 2026

Act 40 of 1982 Ministry Finance Enacted 19 Aug 1982 In force 02 Apr 1984 Cited by 1 provision

Section 43 of the Chit Funds Act, 1982 deals with subscribers' dues to be first charge on chit assets. Any amount due to the subscriber from a foreman in relation to the chit business shall be a first charge on the chit assets. The Act came into force on 02 Apr 1984.

Any amount due to the subscriber from a foreman in relation to the chit business shall be a first charge on the chit assets.

Section 43, 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 1

  1. s. 57 Cessation of winding up proceedings on insolvency of foreman, etc., or the winding up of the company and transfer of such proceedings

Questions about Section 43

What does Section 43 of the Chit Funds Act deal with?

Section 43 of the Chit Funds Act is headed "Subscribers' dues to be first charge on chit assets". Any amount due to the subscriber from a foreman in relation to the chit business shall be a first charge on the chit assets.

How do I find court cases under Section 43 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 43, section 43 Chit Funds Act 1982, section 43 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 43 of the Chit Funds Act, and has it changed?

1 other provision in this corpus refers back to it.

When did Section 43 of the Chit Funds Act come into force?

Section 43 of the Chit Funds Act, cited as Chit Funds Act 1982 43, 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

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 16 Oct 2026. This page is not a substitute for legal advice.