(a) when the period fixed in the chit agreement has expired provided payment of dues to all the subscribers has been completed ; or
(b) when all the non-prized and unpaid prized subscribers consent in writing to the termination of the chit and a copy of such consent is filed as required by Section 32 ; or
(c) when a foreman, who is an individual, dies or becomes of un-sound mind or is otherwise incapacitated and the chit is not continued in accordance with the provision of the chit agreement :
Section 31 • Andhra Pradesh Chit Funds Act, 1971
31. Termination of chit.
andhra-pradesh-chit-funds-act-1971-sec-31.json
•
Section 31
{
"act_title": "Andhra Pradesh Chit Funds Act, 1971",
"act_slug": "andhra-pradesh-chit-funds-act-1971",
"section_label": "Section",
"section": {
"number": "31",
"title": "31. Termination of chit.",
"chapter": null,
"content": "(a) when the period fixed in the chit agreement has expired provided payment of dues to all the subscribers has been completed ; or\n(b) when all the non-prized and unpaid prized subscribers consent in writing to the termination of the chit and a copy of such consent is filed as required by Section 32 ; or\n(c) when a foreman, who is an individual, dies or becomes of un-sound mind or is otherwise incapacitated and the chit is not continued in accordance with the provision of the chit agreement :",
"footnote": "",
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