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TypeBare Act JurisdictionCentral Government

Chit Funds Act, 1982 Section 39

Provision for continuation of chits in certain cases.—

~1 min read
https://sooperkanoon.com/act/442288

Bare act section · Research

About this section

Chit Funds Act, 1982 Section 39 is part of Chit Funds Act, 1982 - Provision for continuation of chits in certain cases.—. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1) Where a foreman dies or becomes of unsound mind or is otherwise incapacitated, the chit may continue in accordance with the provisions of the chit agreement.

(2) Where a foreman is adjudicated an insolvent, or withdraws from the chit under section 26, or fails to conduct the chit at any instalment or on any other date before the next succeeding instalment as may have been agreed upon by a special resolution, any one or more of such subscribers authorised by such resolution may, in the absence of any provision in the chit agreement for the future conduct of the chit, 18 take the place of the foreman and continue the chit or make other arrangements for the further conduct of Section 40 - the chit

Frequently asked questions

What does Chit Funds Act, 1982 Section 39 provide?

Section Section 39 of the Chit Funds Act, 1982 (Provision for continuation of chits in certain cases.—) is reproduced on this page as part of the Chit Funds Act, 1982. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Chit Funds Act, 1982 Section 39?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Chit Funds Act, 1982 Section 39. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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