What does Section 4 of The Delhi Chit Fund Rules, 1964 say?

(a) in conformity with the Act and these rules; (b) suitable for carrying out the object of the chit; and (c) suitable for carrying safe and fair conduct of the business of the chit. Seal Date....... Registrar Foreman's Signature........ (a) is a minor; or (b) is an undischarged insolvent; or (c) has been adjudicated by a competent court to be of unsound mind.

What does Section 4 of The Delhi Chit Fund Rules, 1964 say?

(a) in conformity with the Act and these rules; (b) suitable for carrying out the object of the chit; and (c) suitable for carrying safe and fair conduct of the business of the chit. Seal Date....... Registrar Foreman's Signature........ (a) is a minor; or (b) is an undischarged insolvent; or (c) has been adjudicated by a competent court to be of unsound mind.

← Back to Directory

The Delhi Chit Fund Rules, 1964

Q: What does Section 2 of The Delhi Chit Fund Rules, 1964 say?

(1) "Act" means the Madras Chit Funds Act, 1961 as extended to the Union Territory of Delhi; (2) "agent" means a person duly authorised by a power-of-attorney executed and authenticate in the manner mentioned in Section 33 of the Indian Registration Act, 1908 (Central Act 16 of 1908); (3) "Chit Auditor" means a person appointed by the designation under sub-section (2) of Section 51 of the Act; (4) "Delhi" means the Union Territory of Delhi; (5) "Director of Chits" means a person appointed by tha

Raw JSON API

5. Grant of attested copy for additional place of business and display of certificate of registration or attested copy thereof.

Section 5

2. By-laws of the chits in duplicate are attached herewith together with treasury receipt of Rs...............being the registration fee as required under the Delhi Chit Fund Rules, 1961.

Section 2

3. Full particulars of the persons or person having an interest in the chit business are given below:

Section 3

4. The chit business in respect of which this application is made has been registered with the Registrar of Companies, Delhi. (If registered in other State/Territory, name of that State/Territory be mentioned and the word "Delhi", struck off), and true copy of the certificate of incorporation is enclosed, herewith (in case the foreman is a firm registered with the Registrar of Firms, similar particulars be given).

Section 4

5. The account of chit business shall be kept in language/script and annual accounts are regularly audited by the qualified auditors.

Section 5

6. The members of chits conducted during the financial year (i.e., the year commencing on the first day of April) immediately preceding the year of application and the chit amount involved therein is Rs.........

Section 6

1. I have read the Madras Chit Funds Act, 1961 as extended to the Union territory of Delhi and the Rules made thereunder, and I declare that the bye-laws have been framed in conformity with the provisions of the said Act and the Rules.

Section 1

2. The above statements are true and complete to the best of my knowledge and belief.

Section 2

1. Whereas the following documents are required with reference to an enquiry under the Madras Chit Funds Act, 1961 as extended to the Union Territory of Delhi concerning the foreman namely, now pehding before me, you are hereby summoned to appear in person/produce, or cause to be produced, the said documents before me on......... the duty of......... at (time) at ......... (place) and not to depart until permitted by me.

Section 1

2. A sum of Rs. ........ being your diet money and travelling expenses is lying in deposit and will be paid to you in due course.

Section 2

3. Failure, without lawful excuse, to appear and give evidence or produce or cause to be produced the documents as the case may be, in punishable under the provisions of Order XVI, Rule 12, Code of Civil Procedure; 1908

Section 12

the-delhi-chit-fund-rules-1964.json • 50 Sections • Delhi

{
    "id": 27674,
    "slug": "the-delhi-chit-fund-rules-1964",
    "title": "The Delhi Chit Fund Rules, 1964",
    "short_title": "The Delhi Chit Fund Rules, 1964",
    "act_number": "Published vide Notification No. F. 40(2)/64.L. dat",
    "act_year": 1964,
    "act_type": "STATE",
    "location": "Delhi",
    "law_status": "unknown",
    "enactment_date": null,
    "description": "The Delhi Chit Fund Rules, 1964",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "1. Short title and commencement.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "2. Definitions.",
            "chapter": null,
            "content": "(1) \"Act\" means the Madras Chit Funds Act, 1961 as extended to the Union Territory of Delhi;\n(2) \"agent\" means a person duly authorised by a power-of-attorney executed and authenticate in the manner mentioned in Section 33 of the Indian Registration Act, 1908 (Central Act 16 of 1908);\n(3) \"Chit Auditor\" means a person appointed by the designation under sub-section (2) of Section 51 of the Act;\n(4) \"Delhi\" means the Union Territory of Delhi;\n(5) \"Director of Chits\" means a person appointed by that designation under sub-section (1) of Section 51 of the Act;\n(6) \"Form\" means a form appended to these rules;\n(7) \"Inspecting Officer\" means a person appointed by that designation under sub-section (1) of Section 51 of the Act;\n(8) \"Principal Officer\" used with reference to a company means-\n(a) the secretary, treasurer, manager or agent of the company; or\n(b) any person connected with the management or administration of the company upon whom the Registrar has served a notice of his intention of treating him as the principal officer thereof; and\n(9) \"section\" means a section of the Act.\nChapter II\nRegistration",
            "footnote": "",
            "is_definition": true,
            "sort_order": 1
        },
        {
            "number": "3",
            "title": "3. Application for registration of bye-laws.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 2
        },
        {
            "number": "4",
            "title": "4. Registration of bye-laws.",
            "chapter": null,
            "content": "(a) in conformity with the Act and these rules;\n(b) suitable for carrying out the object of the chit; and\n(c) suitable for carrying safe and fair conduct of the business of the chit.\nSeal\nDate.......\nRegistrar\nForeman's Signature........\n(a) is a minor; or\n(b) is an undischarged insolvent; or\n(c) has been adjudicated by a competent court to be of unsound mind.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 3
        },
        {
            "number": "5",
            "title": "5. Grant of attested copy for additional place of business and display of certificate of registration or attested copy thereof.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 4
        },
        {
            "number": "6",
            "title": "6. Duplicate copy of certificate of registration and bye-laws.",
            "chapter": null,
            "content": "(1) a duplicate copy of the Certificate of Registration, in case the original certificate or registration or attested copy thereof has been lost, destroyed or defaced; and\n(2) another duly endorsed duplicate copy of the bye-laws if the duplicate of the bye-laws endorsed under Rule 4 has been lost destroyed of defaced.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 5
        },
        {
            "number": "7",
            "title": "7. Change in ownership, name or place of business of a foreman.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 6
        },
        {
            "number": "8",
            "title": "8. Framing of bye-laws.",
            "chapter": null,
            "content": "(i) the full name of foreman conducting chit business;\n(ii) the complete address of the foreman being a registered address in the case of a company being a foreman;\n(iii) the name under which chit business is done or its proposed to be done;\n(iv) the full details of the working of the chit;\n(v) the area of operation of the chit;\n(vi) the circumstances under which withdrawals of subscribers shall be permitted;\n(vii) the procedure to be followed for returning the money of the subscriber in case of withdrawal, ineligibility or death of subscriber;\n(viii) the conditions under which a transfer of a chit or the interest of a subscriber shall be permitted; ()\n(ix) the full name and designation of the officer entitled to sign documents on behalf of the foreman;\n(x) the rate of commission to which the foreman will be entitled;\n(xi) the language in which the accounts shall be kept;\n(xii) the mode of custody and investment of money;\n(xiii) the settlement of disputes touching or concerning the chit:",
            "footnote": "",
            "is_definition": false,
            "sort_order": 7
        },
        {
            "number": "9",
            "title": "9. Amendment of bye-laws.",
            "chapter": null,
            "content": "Chapter III\nChit Agreement",
            "footnote": "",
            "is_definition": false,
            "sort_order": 8
        },
        {
            "number": "10",
            "title": "10. Specification of security to be given by foreman in chit agreement.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 9
        },
        {
            "number": "11",
            "title": "11. Filing of an endorsement on chit agreement.",
            "chapter": null,
            "content": "Dated.......\nRegistrar\nChapter IV\nCertificate of Commencement",
            "footnote": "",
            "is_definition": false,
            "sort_order": 10
        },
        {
            "number": "12",
            "title": "12. Certificate of commencement.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 11
        },
        {
            "number": "8",
            "title": "13. Certificate under Section 8(2).",
            "chapter": null,
            "content": "Chapter V\nFurnishing of Security",
            "footnote": "",
            "is_definition": false,
            "sort_order": 12
        },
        {
            "number": "14",
            "title": "14. Proposal for giving a security.",
            "chapter": null,
            "content": "(i) an affidavit to the effect that the property is free from encumbrances; and\n(ii) documents of title to the property.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 13
        },
        {
            "number": "15",
            "title": "15. Properties to be charged by way of security.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 14
        },
        {
            "number": "16",
            "title": "16. Valuation of property.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 15
        },
        {
            "number": "17",
            "title": "17. Compulsory registration of indenture of mortgage and trust.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 16
        },
        {
            "number": "18",
            "title": "18. Substitution of security.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 17
        },
        {
            "number": "19",
            "title": "19. Sufficiency of security.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 18
        },
        {
            "number": "20",
            "title": "20. Pleading of cash security or fixed deposit or Post Office Saving Bank Account.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 19
        },
        {
            "number": "21",
            "title": "21. Approval Bank.",
            "chapter": null,
            "content": "(1) The post office savings bank.\n(2) The State Bank of India conducting business within Delhi.\n(3) The offices and branches in Delhi of the Banks which are scheduled banks within the meaning of Section 2(e) of the Reserve Bank of India Act, 1934 (Central Act 2 of 1934).\n(4) Such other banks as may be approved by the Administrator for Delhi from time to time, for purpose of these rules.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 20
        },
        {
            "number": "22",
            "title": "22. Release of property charged by way of security.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 21
        },
        {
            "number": "23",
            "title": "23. Method of valuation of grains by Registrar.",
            "chapter": null,
            "content": "Chapter VI\nA Foreman When Prized to Give Security",
            "footnote": "",
            "is_definition": false,
            "sort_order": 22
        },
        {
            "number": "24",
            "title": "24. Foreman, if prized subscriber, to give security.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 23
        },
        {
            "number": "25",
            "title": "25. Withdrawals from the cash deposit.",
            "chapter": null,
            "content": "Chapter VII\nFiling of Chit Records, Etc. with the Registrar",
            "footnote": "",
            "is_definition": false,
            "sort_order": 24
        },
        {
            "number": "26",
            "title": "26. Filing of true copies of chit record, etc.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 25
        },
        {
            "number": "27",
            "title": "27. Presentation of chit records, etc.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 26
        },
        {
            "number": "28",
            "title": "28. Minutes of proceedings.",
            "chapter": null,
            "content": "(1) Name and address of the foreman.\n(2) Reference No. and year of chit.\n(3) No. of particular instalment to which the proceedings relate.\n(4) Date, time and place of the draw of the chit.\n(5) Name of subscribers present.\n(6) Reading and regarding of the minutes of the previous draw by tire foreman.\n(7) Full particulars regarding the disposal of the prize amount in respect of the proceeding instalment and disposal of unpaid prize amount, if any in respect of any previous instalment.\n(8) Name(s) of the person(s) who become entitled to the prize amount in the instalment.\n(9) Details of the bids offered including highest.\n(10) Name of the prized subscriber, prize amount, discount, foreman's commission, etc.\n(11) Details of objection, if any, raised by any subscriber and with what result. v\n(11A) Certificate to be given by the prized subscriber of previous auction regarding receipts of payment in time.\n(12) The Registrar may from time to time require a foreman to state such other particulars in the minutes of proceedings which he deems proper for the safe and fair conduct of a draw.\n(13) The proceedings shall be signed by the foreman and all the subscribers present at the draw of the instalment to which they relate.\nChapter VIII\nTransfer of Right of the Foreman",
            "footnote": "",
            "is_definition": false,
            "sort_order": 27
        },
        {
            "number": "29",
            "title": "29. Application for transfer of rights of foreman.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 28
        },
        {
            "number": "30",
            "title": "30. Notice of non-prized and unpaid prized subscribers.",
            "chapter": null,
            "content": "Chapter IX\nRegisters and Books of Account",
            "footnote": "",
            "is_definition": false,
            "sort_order": 29
        },
        {
            "number": "31",
            "title": "31. Maintenance of registers and books of account by a foreman.",
            "chapter": null,
            "content": "(a) a true amount of income and expenditure;\n(b) a register of subscribers in Form CF VI;\n(c) a day book in Form CF VII;\n(d) a file of documents relating to the security offered by prized subscribers;\n(e) a receipt book serially numbered; and\n(f) a notice book.\n32.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 30
        },
        {
            "number": "33",
            "title": "33. Preparation and filing of balance sheet.",
            "chapter": null,
            "content": "Chapter X\nInspection of Chit Books and Records",
            "footnote": "",
            "is_definition": false,
            "sort_order": 31
        },
        {
            "number": "34",
            "title": "34. Reasonable notice for inspection of chit books, etc.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 32
        },
        {
            "number": "35",
            "title": "35. Foreman to provide facilities for inspection.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 33
        },
        {
            "number": "36",
            "title": "36. Submission of result of inspection.",
            "chapter": null,
            "content": "Chapter XI",
            "footnote": "",
            "is_definition": false,
            "sort_order": 34
        },
        {
            "number": "37",
            "title": "37. The Registrar and Inspecting Officer to have power of court in some matters.",
            "chapter": null,
            "content": "(a) enforcing the attendance of any person and examimng him on oath or affirmation; or\n(b) compelling the production of document; or\n(c) issuing commission for the examination of witnesses, and every proceeding under the Act before the Registrar or the Inspecting Officer shall be deemed to be a judicial proceeding within the meaning of Sections 193 and 228 and for the purposes of Section 196 of the Indian Penal Code, 1860 (45 of 1860).\n38.\n(a) by sending it to the person concerned under a certificate of posting; or\n(b) by giving of tendering it to the person concerned or his manager or agent, if any; or\n(c) if any person concerned or his manager or agent, if any, cannot be found by living it at the last known place of business or residence of the person concerned or giving or tendering it to some adult male member of his family; or\n(d) if non of the methods aforesaid is practicable by affixing it at or in some conspicuous part of the last known place of business of person concerned.\nChapter XII\nMaintenance and Custody of Books, Papers and Documents, Etc., In the Registrar's Office",
            "footnote": "",
            "is_definition": false,
            "sort_order": 35
        },
        {
            "number": "39",
            "title": "39. Preservation of chits records.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 36
        },
        {
            "number": "40",
            "title": "40. Destruction of chits records.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 37
        },
        {
            "number": "41",
            "title": "41. Notice regarding proposed destruction of records.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 38
        },
        {
            "number": "42",
            "title": "42. Maintenance of registers and submission of statements.",
            "chapter": null,
            "content": "Chapter XIII\nWinding up of Chit\n43.\nChapter XIV\n44.\nDeposit in Treasury Rs.\nCourt Fee Stamps Rs.\n(i)\nApplication for registration under Section 3(2)\n50.00\n...\n(ii)\nApplication for duplicate copy of the bye-laws or of the\n\t\t\t\t\tCertificate of Registration\n1.00\n...\n(iii)\nApplication for amendment of bye-laws\n...\n5.00\n(iv)\nApplication for Certificate of Commencement\n(a)\nwhen the chit value does not exceed Rs. 500.00\n...\n5.00\n(b)\nwhen the chit value exceed Rs. 500.00 but does not exceed Rs.\n\t\t\t\t\t1000.00\n...\n10.00\n(c)\nwhen the chit value exceed Rs. 1000.00 but does not exceed\n\t\t\t\t\tRs. 1500.00\n...\n15.00\n(d)\nwhen the chit value exceed Rs. 1500.00 for every Rs. 500.00\n\t\t\t\t\tor part thereof in excess of Rs. 1500.00\n...\n5.00\n(v)\nMemorandum of appeal under Section 54 Memorandum of appeal\n\t\t\t\t\tunder Section 20(3)\n...\n2.00.\n(vi)\nFiling with the Registrar of the-\n(a) Chit agreement, and\n...\n0.25\n(b) Copies of documents under Sections 11, 20, 21, 29 and 32\n...\n1.00\n(vii)\nInspection of documents of a chit under Section 52\n...\n1.00\n(viii)\nCertified copy or extract of documents under Section 52(ii)\n\t\t\t\t\t(for every 120 words or part thereof)\n...\n0.50\n(ix)\nAudit of accounts under Section 51(4) and issue of audit\n\t\t\t\t\tcertificate-\n(a)\nwhen the chit amount does not exceed Rs. 500.00\n5.00\n....\n(b)\nfor every Rs. 500.00 or fraction thereof in excess of Rs.\n\t\t\t\t\t500.00\nSubject to a total of 2.50 maximum fee of Rs.\n\t\t\t\t\t25.00\n...\n(x)\nInspection of chit books at the business premises under\n\t\t\t\t\tSection 37(2)\n15.00\n...\nNote. - No fee on application for certificate of commencement shall be payable in respect of chits conducted by co-operative society registered or deemed to be registered under the Co-operative Societies Act, 1912, or any other law relating to co-operative societies for the time being in force in the Union territory of Delhi.\nNote.\nForm CF I\nForm CF I\nApplication for registration of bye-laws\nApplication for registration of bye-laws\n( See Rule 3)\nThe Registrar, Chit Funds, Delhi.\n1(a). I,............son of Shri..........being the foreman conducting chit under the name and style of . .at,.\nor\n(b) I, .................. son of Shri......................... being the Partner/Director/Manager, for and on behalf of the foreman conducting chit business under the name and style of at ......................... hereby apply for registration of the bye-laws of the said chit business.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 39
        },
        {
            "number": "2",
            "title": "2. By-laws of the chits in duplicate are attached herewith together with treasury receipt of Rs...............being the registration fee as required under the Delhi Chit Fund Rules, 1961.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 40
        },
        {
            "number": "3",
            "title": "3. Full particulars of the persons or person having an interest in the chit business are given below:",
            "chapter": null,
            "content": "Name\nFather's Name\nAge\nHome Address\nSignatures\nParticulars of immovable property if any owned by\n\t\t\t\thim\nInterest in other business with details\n1\n2\n3\n4\n5\n6\n7",
            "footnote": "",
            "is_definition": false,
            "sort_order": 41
        },
        {
            "number": "4",
            "title": "4. The chit business in respect of which this application is made has been registered with the Registrar of Companies, Delhi. (If registered in other State/Territory, name of that State/Territory be mentioned and the word \"Delhi\", struck off), and true copy of the certificate of incorporation is enclosed, herewith (in case the foreman is a firm registered with the Registrar of Firms, similar particulars be given).",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 42
        },
        {
            "number": "5",
            "title": "5. The account of chit business shall be kept in language/script and annual accounts are regularly audited by the qualified auditors.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 43
        },
        {
            "number": "6",
            "title": "6. The members of chits conducted during the financial year (i.e., the year commencing on the first day of April) immediately preceding the year of application and the chit amount involved therein is Rs.........",
            "chapter": null,
            "content": "Declaration\nDeclaration",
            "footnote": "",
            "is_definition": false,
            "sort_order": 44
        },
        {
            "number": "1",
            "title": "1. I have read the Madras Chit Funds Act, 1961 as extended to the Union territory of Delhi and the Rules made thereunder, and I declare that the bye-laws have been framed in conformity with the provisions of the said Act and the Rules.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 45
        },
        {
            "number": "2",
            "title": "2. The above statements are true and complete to the best of my knowledge and belief.",
            "chapter": null,
            "content": "Place........\nSignature of foreman\nDate........\nForm CF II\nForm CF II\nCertification of the Registration\nCertification of the Registration\n( See Rule 4)\n(Pursuant to Section 3 of the Madras Chit Funds Act, 1961 as extended to Union territory of Delhi)\nName of the Prop/Partner/Director/Manager\nSignatures\nSignature of the Registrar in token of having\n\t\t\t\tattested the signatures under column 2.\n1\n2\n3\n(SEAL)\nRegistrar, Chit Funds, Delhi\nDate.......\nForm CF III\nForm CF III\nCertificate of Commencement\nCertificate of Commencement\n(Pursuant to Section 7 of the Madras Chit Funds Act, 1961 a extended to Union territory of Delhi)\nChit Reference No.\nNo. of subscribers\nNo. of instalments\nChit amount\nDate fixed for first draw or auction of chit\n1\n2\n3\n4\n5\n(SEAL)\nRegistrar, Chit Funds, Delhi\nDate.......\nForm CF IV\nForm CF IV\nCertificate to be filed by the Foreman\nCertificate to be filed by the Foreman\n[See Section 8(2) of the Act and Rule 13]\nThe Registrar, Chit Funds,\nDelhi,\nSignature of foreman\n..............................\n..............................\nForm CF V\nForm CF V\nApplication to furnish security for conduct of a chit\n(See Section 12 and Rule 14)\n(A) Immovable property :\n(i) Details of properties, offered as security\n(ii) Nature of right of the foreman over the property\n(iii) Market value of the properties\n(iv) Details of prior encumbrance, if any, on the property\n(B) Movable property :\n(i) Details of properties\n(ii) Face and market value of such properties\n(iii) The authority with whom deposited\n(C) Cash Security :\n(i) Amount deposited\n(ii) Name of approved bank\n(iii) No. and reference of account under which amount has been deposited\n(1) Two copies of draft Mortgage Bonds executed in favour of the Registrar\n(2) Title deeds of the property\n(3) An affidavit to the effect that property is free from any encumbrance if it is so\n(4) Bank Pass Book pledging the amount in favour of the Registrar (when case security is offered)\n(5) Movable property (in original duly transferred in favour of Registrar (in original) supporting deposit of such security with a bank or other authority approved by the Registrar (when movable property is offered as security)\n(6) A true copy of the chit agreement with subscribers agreeing to the sufficiency of security.\nSignature of foreman\nDetails of decision\nDetails of decision\nSignature of foreman\nNote. - Where the foreman himself, being a prized subscriber is offering security, the same may either be cash security or bond executed charging immovable property or a security bond executed with two personal sureties (Rules 29 to 35).\nNote.\nForm CF VI\nForm CF VI\nRegister of Subscribers\nRegister of Subscribers\n(See Rule 32)\n1.\nRegistration No. of chit Subscription of Chit\n2.\nAssignment of Instalments Assignment of Chit\n3.\nNo. of Instalments Removal of Subscriber\n4.\nDate of First Auction Substitution of chit\n1\n2\n3\n4\n5\n6\n7\n8\n9\nSerial No. as per chit agreement\nName and full address of the subscriber\nDate of signing of the chit agreement\nDate of receipt of the copy of the chit agreement\n\t\t\t\tby the subscriber\nNumber of ticket held\nAmount of ticket held\nName and address of assignee\nDate of assignment\nNo. of tickets\n10\n11\n12\n13\n14\n15\n16\n17\n18\nAmount of tickets assigned\nDate on which the foreman recognised the\n\t\t\t\tassignment\nReasons for removal\nDate of removal\nDate of service of notice of removal of\n\t\t\t\tsubscriber under Section 20(1) of the Act\nDate of filing true copy of entry under Section\n\t\t\t\t30(2) of the Act with Registrar\nDecision of Registrar on appeal, if any under\n\t\t\t\tSection 20(4) of the Act\nName and address of the substituted subscriber\nDate of substitution\n19\n20\n21\n22\n23\n24\n25\n26\nDate of filing of true copy of entry with the\n\t\t\t\tRegistrar under Section 2(2) of the Act\nNo. of ticket\nAmount of ticket\nDate of draw of prize by the substituted for the\n\t\t\t\tdefaulting subscriber\nDate and amount paid to the defaulting subscriber\n\t\t\t\t(Section 22)\nDate of deposit of amount in the bank with\n\t\t\t\tdetails Section 22 of the Act)\nDate of final payment of defaulter\nRemarks\nForm CF VII\nForm CF VII\n(See Rule 32)\nDay Book\nDay Book\nDate\nJournal or main cash book/ day book folio\nParticulars of receipts and payments\nReceipts\nPayments\nBalance\nSubscription Foreman's Commission\nInterest\nWithdrawal other form bank items deposition the\n\t\t\t\tbank\nDeposit in the bank\nAmount paid to Subscriber\nOther items\nSignature of the Foreman\nNote. - The total of daily transactions should be taken and carried over to the next day. At the close of every month the monthly balance should be taken.\nNote.\nForm CF VII\nForm CF VII\n(See Section 16 and Rule 33)\nBalance Sheet\nBalance Sheet\nRegistered No. and year of the chit\nI. Receipts and Payments\nReceipts\nPayments\nCurrent year\nTotal including previous year\nCurrent year\nTotal including Previous year\nRs. P.\nRs. P.\nRs. P.\nRs. P.\n1.\nContribution paid by the prized and non-prized subscribers\n\t\t\t\tincluding the foreman.\n1.\nPrize amount discharged to prize subscribers\n2.\nReceipt under discount.\n2.\nInterest paid to subscribers.\n3.\nInterest realised from the subscribers.\n3.\nAmount paid to defaulter non-prizes subscribers.\n4.\nContributions by substituted or assignee non prized\n\t\t\t\tsubscribers in respect of dues of defaulter.\n4.\nAmount contributed by foreman for payment of the prize amount.\n5.\nAny, other amount recovered from subscribers.\n5.\nForeman's commission.\n6.\nAmount contributed by the foreman for payment of prized\n\t\t\t\tamount.\n6.\nAmount on account of interest realised for delayed payments\n\t\t\t\tand forfeited discount.\n7.\nInterest occurred - from investments.\n7.\nDiscount paid.\n8.\nOther items.......\n8.\nOther items........\nTotal Receipts ..........\nTotal payments........\n9.\nInvestment\n9.\nInvestment\nWithdrawn .........\nMade........\nGrand Total.........\nGrand Total........\nII. Statement of Liabilities and Assets\nLiabilities\nAssets\n1.\nAmounts paid by non-prized subscribers (including discount\n\t\t\t\t\tpayable)\n1.\nAmount due on account of arrears of subscription due from the\n\t\t\t\t\tprized subscriber\n2.\nAmounts due to non-prized defaulter subscriber\n2.\nAmount due from the subscribers including, foreman towards\n\t\t\t\t\tfuture subscription.\n3.\nArrears of prized amounts due to prized subscribers\n3.\nInterest due from the defaulter subscriber\n4.\nThe amount due to the foreman towards contribution made by\n\t\t\t\t\thim or payments of prize amount.\n4.\nInvestment in bank (including interest thereon)\n5.\nOther items\n5.\nOther items\nTotal\nTotal\nIII. Details of Investment\nRs.\nP.\nRs.\nP.\n1.\nInvestments made on account of the failure on the part of\n\t\t\t\t\tprized subscribers to receive the prized amount due to them.\n2.\nDo lump sum collections made from defaulter prized\n\t\t\t\t\tsubscribers.\n3.\nAmount deposited for payment to non-prized defaulter.\n4.\nInvestments on account of other items of receipt of the chit.\nIV. Mode of assessment of value of Investment\nRs.\nP.\n1.\nInvestment in S.B. Pass Book Account No .............\n2.\nAmount due from the future instalments of the chit as per\n\t\t\t\t\tbonds, etc., obtained for......... instalments of the chit as\n\t\t\t\t\tper including arrears of Rs........... due on account of\n\t\t\t\t\tdefaulting instalments from defaulters.\nParticulars of supporting documents to be entered here\n3.\nBalance of contributors due from foreman on account of prize\n\t\t\t\t\tamount received by him.\nV. Certificate by Foreman\nDate...............\nName and Signature of the Foreman\nVI. Certificate of the Auditor Date  Name and Signature of the Auditor\nDate...............\nName and Signature of the Auditor\nForm CF IX\nForm CF IX\n(See Rule 38)",
            "footnote": "",
            "is_definition": false,
            "sort_order": 46
        },
        {
            "number": "1",
            "title": "1. Whereas the following documents are required with reference to an enquiry under the Madras Chit Funds Act, 1961 as extended to the Union Territory of Delhi concerning the foreman namely, now pehding before me, you are hereby summoned to appear in person/produce, or cause to be produced, the said documents before me on......... the duty of......... at (time) at ......... (place) and not to depart until permitted by me.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 47
        },
        {
            "number": "2",
            "title": "2. A sum of Rs. ........ being your diet money and travelling expenses is lying in deposit and will be paid to you in due course.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 48
        },
        {
            "number": "12",
            "title": "3. Failure, without lawful excuse, to appear and give evidence or produce or cause to be produced the documents as the case may be, in punishable under the provisions of Order XVI, Rule 12, Code of Civil Procedure; 1908",
            "chapter": null,
            "content": "Signature...........................\nRegistrar, Chit Funds, Delhi\nNote. - In case the summons is merely for the production of a document, it will be proper compliance with it if the required document is sent by registered post.\nNote.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 49
        }
    ],
    "metadata": {
        "Act ID": "dl110",
        "Act Number": "Published vide Notification No. F. 40(2)/64.L. dated 30th July, 30.7.1964., Published in the Delhi Gazette, Part 4 dated 30.7.1964 (w.e.f. 30.7.1964)",
        "Enactment Date": "",
        "Act Year": "1964",
        "Short Title": "The Delhi Chit Fund Rules, 1964",
        "Type": "UNION_TERRITORY",
        "Location": "Delhi"
    },
    "updated_at": "2026-09-29 21:55:22"
}