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Tuesday, July 14, 2020 | History

3 edition of Commentary on the Madras chit funds act, 1961 (Madras act 24 of 1961) with rules found in the catalog.

Commentary on the Madras chit funds act, 1961 (Madras act 24 of 1961) with rules

K. Venkoba Rao

Commentary on the Madras chit funds act, 1961 (Madras act 24 of 1961) with rules

notifications & model forms

by K. Venkoba Rao

  • 129 Want to read
  • 26 Currently reading

Published by C. Sitaraman in Madras .
Written in English

    Places:
  • India,
  • Madras (State)
    • Subjects:
    • Rotating credit associations -- Law and legislation -- India -- Madras (State)

    • Edition Notes

      Statement[by] K. Venkoba Rao.
      ContributionsMadras (State).
      Classifications
      LC ClassificationsLAW
      The Physical Object
      Paginationvii, 128 p.
      Number of Pages128
      ID Numbers
      Open LibraryOL4392081M
      LC Control Number78917228

      The Madras Treasury Code, Volume 2 Madras (India: State). Finance Dept Snippet view - Common terms and phrases. Accountant-General amount attached authority Bank of India behalf cash balance cash book cash business cash order certificate chalan charge claim Collector contingent bills copy court currency chest Currency Officer Department.   Chit Fund companies are regulated under the Chit Fund Act, , which is a Central Act, and is implemented by the State Governments. RBI has prohibited chit fund companies from accepting deposits from the public in In case any Chit Fund is accepting public deposits, RBI can prosecute such chit funds.

      KOLKATA: While chit funds are creating a rage in the state, an RTI query has revealed that Bengal has only one registered chit fund. An RTI applicant . Nature / Category of the complaint Document State; Government Circular No. MPI/Case No/Pole dated Septem Maharashtra.

      In exercise of the powers conferred by sub-section (3) of section 1 of the Chit Funds Act. (40 of ) and sub-section (2) of section 1 of the Chit Funds (Amendment) Act, (10 of ). the Central Government hereby appoints the 15th June. as the date on which the said provisions of those Acts shall come into force in the State. [1 January , L.N. /] ENACTED by the Parliament of Malaysia as follows: Short title and commencement 1. This Act may be cited as the University of Malaya Act and shall come into force on such date as the Minister may by notification in the Gazette appoint. Interpretation 2. In this Act, unless the context otherwise requires—.


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Commentary on the Madras chit funds act, 1961 (Madras act 24 of 1961) with rules by K. Venkoba Rao Download PDF EPUB FB2

This banner text can have markup. web; books; video; audio; software; images; Toggle navigation. a t T.N. Act a] Chit Fund9 i rAMlL NAL)Uj AC'T NO ou " THE llTAMIL NADU] CHIT BUNDS ACT, 1. [Received the assent of the President on the 22nd June 1 ; first published in the Fort St.

George Gazette on tk 6 5th July ] I An Act to provide for the regulation of chit funds in the P[Stae of Tamil Nadu.] WHEW it is expedient to provide for the.

Keywords: Chit, Chit Amount, Defaulting Subscriber, Dividend, Firm, Non-prized Subscriber, Prized Amount. Open Library is an open, editable library catalog, building towards a web page for every book ever published.

Madhya Pradesh accommodation control act, by Madhya Pradesh, India.,Bharat Law House edition, in English - 3d : Short title, Commentary on the Madras chit funds act and commencement - (1) This Act may be called the Chit Funds Act, It extends to the whole of India except the State of Jammu and Kashmir.

It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different States. pondicherry chit funds act is practically a copy of the madras chit funds act, the said Commentary on the Madras chit funds act enactment is in substance as follows.

"chit" is defined in section 2 and "chit agreement" is defined in section 2(3). under section 3 by laws of chit funds signed by the foreman have to be registered with the registrar of chits. Short title and commencement.-(1) This Act may be called the Chit Funds Act, 2-It extends to the whole of the India except the State of Jammu and Kashmir.

3-It shall come into force on such date as the Central Government may, by notification in the official Gazette, appoint and different dates may be appointed for different Size: KB.

krishnan. Institute for Financial Management and Research, Madras, VIII,99p. Paper. Discusses the provisions of the bill, summarizing the comments and suggestions on its principal clauses, and gives the draft of the model bill on chit funds.

The model bill is broadly on the lines of the Tamil Nadu Chit Funds Act,the Andhra. The chit funds act, Copies of chit agreement to be given to subscribers.— (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.

The Madras Public Libraries Act, subsequently renamed as the Tamil Nadu Public Libraries Act, was enacted in Madras State, India, in The act was the first of its kind to be enacted in India after independence. The Connemara Public Library became the first library to come under the purview of this act, as a "State central library".

Subsequently, nine district libraries were added. Foreman of chit fund (Clause 23A) (Being inserted by Finance Bill, w.e.f. notified date) 'Foreman of chit fund' shall have the same meaning as assigned to the term 'foreman' in clause (j) of section 2 of the Chit Funds Act, Accordingly, as per section 2(j) of the Chit Fund Act.

Supreme Court Rules, alongwith Regulations Regarding Advocates-on- Record Examination & Rules to Regulate Proceedings for Contempt of the Supreme Court, & Supreme Court.

Chapter VII of the Chit Funds Rules, deals with appeals. Rules 58 and 59 of the Chit Funds Rules, are extracted hereunder: "Appeal-(1)An appeal under section 70 or sub sections (1)(2) of section 74 shall be made in writing and shall be either presented in person or sent by registered post to the appellate authority.

He further submits that the petitioner is governed by the Provisions of Chit Fund Act, and Tamil Nadu Chit Funds Rules,as per which the petitioner required to maintain the ledger details for each of the subscribers and the amount deposited by the petitioner is only out of the amounts collected which are reflected in the register.

Sir H.S. Gours: Commentary on Transfer of Property Act, with The Transfer of Property (Amendment) Act, (3 of ), with latest case laws, 13th New Edn. in 2 Volumes, Per Set By: Dr.

Sir H. Gour. The Goa, Daman and Diu Chit Funds Act, (Act 16 of ) [5th December, ] AN ACT to provide for the regulation of chit funds in the Union Territory of Goa, Daman and Diu.

Be it enacted by the Legislative Assembly of Goa, Daman and Diu in the Twenty-fourth Year of the Republic of India as follows:– ____ CHAPTER I Preliminary 1. Selections from the records of the Madras government. Dutch records [Madras Madras] on *FREE* shipping on qualifying offers.

This is a reproduction of a book published before This book may have occasional imperfections such as missing or blurred pages.

The Presidency Banks' Act: For Constituting And Regulating The Banks Of Bengal, Madras & Bombay [India] on *FREE* shipping on qualifying offers. This is a reproduction of a book published before This book may have occasional imperfections such as. (1) This Act may be cia 1 led the I[ Tamil Nadu] Co-ope- Commence- cxtentacd rativt.

Societies Act, men[, -- - These words were substituted for the word "Madras" by the 1 amil Nadu Adaptation of Laws Order,as amended by the Tamil Nadu Adaptation of Laws (Second Amendment) Older, File Size: 7MB. The Madras Local Legislatures thereafter enacted the Madras Hindu Religious Endowments Act This act had to be amended several times and was ultimately replaced by the Madras Hindu Religious and Charitable Endowments Act, (p) The Courts sanctify every form of governmental interference in temple and math affairs.

Chit Duties assigned to District Registrars. Chennai Circular No/H2/ dt. Sub: Chit Funds Act, – Tamil Nadu Chit Fund Rules, (1) This Act may be called the Chit Funds (Karnataka Amendment) Act, (2) It shall come into force at once. 2. Amendment of section In the Chit Funds Act, (Central Act 40 of ) (hereinafter referred to as the principal Act),- (i) section 70 shall be renumbered as sub-section (1) thereof and in sub.APPARENT CONTRADICTIONS IN THREE JUDGEMENTS OF THE SUPREME COURT ON CAPITAL & REVENUE EXPENDITURE AND THEIR RECONCILIATION By Subash Agarwal, Advocate 1.

INTRODUCTION Sec. 37(1) of the Income Tax Actwhich is the residuary section as for as the allowability of expenses under the "Business head " is concerned, File Size: 63KB.