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K.Periyasamy Vs. Shriram Chits Tamil Nadu Pvt. Ltd.

Court : Chennai

Subject : Land Acquisition

has repaid the chit amount for about 14 installments. Thereafter, the petitioner has committed default. Hence, under the Chit Funds Act, 1982, the matter has been referred to the Deputy Registrar of Chits. Notice has been issued to the petitioner. … the person authorised by him when acting under section 46." 19.Rules 52, 53, 54 and 55 of the Chit Funds Rules, 1984 are extracted hereunder, … R Being aggrieved by the order made in Ar.O.P.No.20 of 2011 dated 04.08.2012, rejecting an application filed under Section 34 of the Arbitration and Conciliation Act, 1996, to set aside the award passed by Chits Arbitrator Deputy

Recovery Manager vs Biju.B.S.Nair

Court : Kerala

Subject : Land Acquisition

defendants challengingthe maintainability of the suit on the ground that it is hit by Section 64 of the Chit Funds Act, 1982, which mandates that any dispute relating to the management of a chit business must be referred to the … MR. JUSTICE SYAM KUMAR V.M. THURSDAY, THE 3RD DAY OF APRIL 2025 / 13TH CHAITHRA, 1947 FAO NO. 53 OF 2021 ARISING OUT OF THE ORDER DATED 13.02.2020 IN I.A.NO.111 OF 2019 IN OS NO.106 OF 2008

Commissioner and Secretary to Govt., Commercial Taxes and Religious En ...

Court : Supreme Court of India

Subject : Commercial

Acts : Tamil Nadu Chit Funds Act, 1961 - Sections 7, 11, 12, 16, 20, 21, 29, 32, 37, 51, 52, 53, 54, 56 and 63; Tamil Nadu Chit Funds Rules 1961 - Rules 3, 11, 14, 15 to 22 and 42 - Article 1

Reported in : AIR1992SC1383; [1992]74CompCas650(SC); JT1992(3)SC591; (1993)1MLJ3(SC); 1992(1)SCALE900; (1992)3SCC488; [1992]2SCR735

High Court in its judgment dated 20.3.1985 has struck down as invalid the impugned amendments.2. The Tamil Nadu Chit Funds Act, 1961 (The Act) provides for the regulation of chit fund in the State of Tamil Nadu. 'Chit' is … empowers the Government to make rules for carrying out all or any of the purposes of the Act. Section 53 which provides for levy of fees reads:53. (1) There shall be paid to the Registrar such fees as

Shabeer Shajahan vs State of Kerala

Court : Kerala

Act, it does not mean that the law has not been made. In the present case, the Central Chit Funds Act, 1982 is a law - made. The Chit Funds Bill was passed by both Houses of Parliament and received … Teachers'Education Act, 1993 ('NCTE Act', for short). Under the said Act, National Council for Technical Education, established under Section 3(1), is the W.P.(C).No.23714/2019 5 only authority to prescribe minimum qualification for a person to be employed as … Parliamentary Legislation and State Legislation arises in two ways. First, where theW.P.(C).No.23714/2019 53Legislations, though enacted with respect to matters in their allotted spheres, overlap and

Human Welfare Kuries and Loans Pvt. Ltd. vs Union of India,

Court : Kerala

LLP is not inter-corporate loan. The Appellate Authority further omitted to note that after the implementation of the Chit Funds Act, 1982 in Kerala, the petitioner has not started any new chits and has only continued with chits already commenced … of incorporation. The petitioner was granted Certificate of Registration on 19.02.2001 by the Reserve Bank of India under Section 45-1A of the Reserve Bank of India Act, 1934. The Company was engaged in non-banking activities and chit

Branch Manager, Margadarsi Chit Fund Limited and anr. Vs. District Con ...

Court : Andhra Pradesh

Subject : Consumer

Acts : Consumer Protection Act, 1986 - Sections 2(1) and 3(1)

Reported in : AIR2004AP343; 2004(2)ALD645; 2004(2)ALT822; [2005]123CompCas194(AP)

therefore the Consumer Protection Act would not be applicable. The chit funds are managed and organized under the Chit Funds Act, 1982 (49 of 1982). Before appreciating the arguments we have to refer to certain provisions in the Chit Fund … wound up in accordance with Chapter X of the Act. Powers of the Registrar have been mentioned in Section 53. Disputes can be settled by an arbitrator in accordance with Chapter XII. Under Section 73 the Reserve Bank

Margadarasi Chits Pvt Ltd Vs State of TamilNadu

Court : Chennai

appellant is Rs.2,50,000/- (Rs.12,50,000 minus Rs.10,00,000/-), which is agreed by both parties. As per the provisions of the Chit Funds Act, 1982 and as per theorder of this Court, a defaulted prized subscriber is not entitled to the dividend,which was … till realisation. As against the said Award, the third respondent preferred an appeal before the first respondent under Section 70 of the Chit Funds Act. The petitioner also initiated execution proceedings, which is also pending. The Appellate

M/S Daywell Chits Pvt Ltd vs Mr M a Firos Abdul

Court : Karnataka

of appeal. The object and business of the complainant is to promote and conduct chits as per the Chit Funds Act,1982. It is stated that, the Company is represented by its -3-foreman Smt. Sophy Abymoan. It is specific case … NAGAR, BANGALORE-560 032, REPRESENTED BY ITS FOREMAN, SMT. SOPHY ABYMOAN, AGED ABOUT 53 YEARS. …APPELLANT (BY SRI S.K. VENKATACHALAPATHI, ADVOCATE) AND:Digitally signedby MR. M.A. FIROS … Cheque amount. As he failed to pay the Cheque -5- amount, the complainant filed a private complaint under Section 200 of Cr.P.C., before the Magistrate. He took the cognizance of the offence, recorded the sworn statement of

Harbour View Residency (P) Ltd. vs Sree Gokulam Chit and Finance Co. ( ...

Court : Kerala

the year 2013 as per the RBI regulations.”6. There are issues raised based on Section 64 of the Chit Funds Act, 1982. Section 64 of the saidAct confers jurisdiction on the Registrar to adjudicate the disputes in connection with chitties. Sub

Sunder Lal JaIn Vs. Sandeep Paper Mills P. Ltd. and ors.

Court : Punjab and Haryana

Subject : Company

Acts : Companies Act, 1956 - Sections 286(1) and 531A; Provincial Insolvency Act, 1920 - Sections 53

Reported in : [1986]60CompCas77(P& H)

be held that the transferee was lacking in bona fides.11. Mr. Sharat Chander referred to Official Liquidator, Victor Chit Fund P. Ltd. v. Kanhiya Lal [1972] 42 Comp Cas 396 (Delhi), and Official Liquidator Kerala High Court … in bona fides.11. Mr. Sharat Chander referred to Official Liquidator, Victor Chit Fund P. Ltd. v. Kanhiya Lal [1972] 42 Comp Cas 396 (Delhi), and … by the petitioner.24. The petitioner also moved C. A. No. 42 of 1982 in the abovesaid petition stating that Mr. Sudhma Ram, Mr. R.K. Grover … resolution for voluntary winding up of the company, shall be void against the liquidator.'8. It is equivalent to Section 53 of the Provincial Insolvency Act. The reason for introducing the section in the Companies Act, as given in