Chit Funds Act, 1982 Schedule 1 - Bare Act

Act Info:

THESCHEDULE

(Seesection 24)

PARTI

FORMOF BALANCE-SHEET

1.	Capital	Rs.....	1.	Cash	Rs.....
	Authorised	Rs.....	2.	Balance with banks
	Issued	Rs.....		(a) Current account	Rs.....
	Issued	Rs.....		(b) Deposit account	Rs.....	Rs.....
	Paid up		3.	Investments
2.	Reserve Fund	Rs.....	3.	(a) In chits	Rs.....
3.	Deposits	Rs.....		(b) In Government securities	Rs.....
4.	Borrowings	Rs.....	4.	Share amount due from prized subscribers
5.	Foreman's liability in tickets prized	Rs.....	4.	Share amount due from prized subscribers
6.	Prize amount payable	Rs.....		(a) Secured	Rs.....
7	Defaulted subscribers'			(b) Unsecured	Rs.....	Rs.....
7	amount payable	Rs.....	5.	Arrears due from prized subscribers:	Rs.....
8.	Advance subscription received	Rs.....		(b) Unsecured	Rs.....	Rs.....
9.	Liability to non-prized subscribers (Arrears from non-prized Subscribers to be indicated)	Rs.....	6.	Amount due in terminated chits
				Amount due in terminated chits
				(a) Secured		Rs.....
10.	Amount payable in terminated chits	Rs.....		(b) Unsecured	Rs.....	Rs.....
11.	Account profit payable to		7.	Chit prize amount
11.	non-prized subscribers	Rs.....		paid earlier		Rs.....
12.	Other liabilities	Rs.....	8.	Loans and advances to subscribers		Rs.....
12.			9.	Litigation expenses		Rs.....
13.	Profit and loss account	Rs.....	10	Premises		Rs.....
			11.	Furniture and fixture		Rs.....
			12.	Stamps-in-stock		Rs.....
			13.	Other assets		Rs.....
			14.	Profit and loss account		Rs.....
	Total	Rs......		Total		Rs......

Total chit amounts of the chits in force i c running chits	Particulars to be specified in respect of amounts shown against 4, 5 and 6
	(i) Amounts due from directors or officers of the company or any of Them either jointly or severally with any other person.
	(ii) Amounts due by companies or firms in which the directors of the companies, as members.

PART II

FORM OF PROFIT AND LOSS ACCOUNT

Expenditure			Income
			1.	By foreman's Commission	Rs.....
1	To interest paid on deposits, borrowings, etc	Rs.....	2.	By bonus	Rs.....
1	To interest paid on deposits, borrowings, etc	Rs.....	3.	By interest	Rs.....
2.	To salaries, allowances, bonus and provident fund	Rs.....	4.	By indivisible income in auction profit	Rs.....
3.	To directors sitting fees	Rs.....	5.	By rent	Rs.....
4.	To rent, taxes, insurance, lighting	Rs.....	6.	By net profit on sale of investments	Rs.....
4.	To rent, taxes, insurance, lighting	Rs.....	7.	By other receipts	Rs.....
5.	To law charges	Rs.....	8.	By loss	Rs.....
6.	To postages, telegrams and stamps	Rs.....
7.	To auditors' fees	Rs.....
8.	To filing fees	Rs.....
9.	To depreciation and repairs	Rs.....
10.	To stationery, printing and advertisement	Rs.....
10.	To stationery, printing and advertisement	Rs.....
11.	To other expenditure	Rs.....
12.	To balance of profit	Rs.....
	Total	Rs......		Total	Rs......

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