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TypeBare Act JurisdictionCentral Government

Chit Funds Act, 1982 Section 58

Award of compensation to foreman.—

~1 min read
https://sooperkanoon.com/act/449377

Bare act section · Research

About this section

Chit Funds Act, 1982 Section 58 is part of Chit Funds Act, 1982 - Award of compensation to foreman.—. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1) Where an application for the winding up of a chit is dismissed and the Registrar is satisfied that the petition is frivolous or vexatious, he may, on the application of the foreman, award against the petitioner such amount, not exceeding one thousand rupees, as he deems reasonable as compensation to the foreman for the expenses or injury caused to him by the presentation of the application and the proceedings thereon, and such amount may be realised as if the award were a decree of a Civil Court.

(2) On the making of an award under sub-section (1), no suit for compensation in respect of an application for any winding up of the chit shall be entertained.

Frequently asked questions

What does Chit Funds Act, 1982 Section 58 provide?

Section Section 58 of the Chit Funds Act, 1982 (Award of compensation to foreman.—) 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 58?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Chit Funds Act, 1982 Section 58. 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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