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V. Sundarajan Vs. State of Tamil Nadu and ors.

Court : Chennai

Subject : Civil

Acts : Chit Funds Act, 1982 - Sections 70; Chit Funds Rules, 1984 - Rules 58 and 59

Reported in : AIR2004Mad277

the order of the 2nd respondent dated 13-9-1994, the petitioner preferred an appeal under Section 70 of the Chit Funds Act, 1982 before the first respondent. The first respondent without following the provisions, particularly Rule 59 of Chit Funds Rules, … respondent has passed the impugned order without providing any opportunity to the petitioner, which is contrary to Rules 58 and 59 of the Chit Fund Rules, 1984 (in short 'the Rules'). According to him, inasmuch as the

S. Venkatachalam Vs. Secretary to Government of Tamil Nadu and Others

Court : Chennai

Subject : Company

Acts : Limitation Act, 1963 - Sections 12 and 12(2); Chit Funds Act, 1982; Chit Funds Rules, 1984

Reported in : [1999]95CompCas589(Mad)

against the award of the Deputy Registrar of Chits, an appeal is provided under section 70 of the Chit Funds Act, 1982, before the State Government. The petitioner presented the appeal on August 31, 1995. According to the petitioner, the … a certified copy of any order, or judgment is furnished by the Registrar or his nominee. 14. Rule 58 provides that an appeal under section 70 shall be made in writing and shall be either presented in

Sanjiv Kumar Vs. Ramwa Chit Funds (P) Ltd.

Court : Delhi

Subject : Civil

Acts : Code of Civil Procedure (CPC) , 1908 - Sections 114, 115 and 141 - Order 27, Rule 4 - Order 37 - Order 47, Rule 1; Madras Chit Funds Act, 1961 - Sections 1(3), 3 and 64(1); Chit Funds Act, 1982 - Sections 1; General Clauses Act, 1987 - Sections 3(58) and 5; Union Territories (Laws) Act,1950; Constitution of India - Article 239

Reported in : AIR2006Delhi274; 130(2006)DLT170

for the petitioner submitted that chit funds were earlier governed by Madras Chit Funds Act, 1961 and thereafter Chit Funds Act, 1982 (hereinafter referred to as the Act, for short) was passed by the Parliament and notified by publication in … Sanjiv Khanna, J.1. The present revision petition under Section 115 of the Code of Civil Procedure, 1908 (hereinafter referred to as the Code, for short) is directed

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. … 20.Chapter VII of the Chit Funds Rules, 1984 deals with appeals. Rules 58 and 59 of the Chit Funds Rules, 1984 are extracted hereunder: "58.Appeal-(1)An … 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

The D.C.i.T. Vs. Mangal Dayak Chit Fund (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2005)92ITD258(Hyd.)

of the case are as follows.3.2 All these assessees are Chit Fund Companies. They are governed by the Chit Funds Act 1982 and the A.P. Chit Funds Act 1971 and the Rules formed there under. The assessees have filed their … matter before us.3.1 The sole issue arising for adjudication in these appeals is whether the penalty levied under Section 271 B by the Assessing Officer, in the case of a Chit Fund Company; on the ground that … the Income-tax Appellate Tribunal, in the case of ACIT v. Gayatri Traders, 58 ITD 121 (Hyd) (SB), at pages 135 and 136, held in paragraph

Peerless General Finance and Investment Co. Ltd. and anr. Vs. Reserve ...

Court : Kolkata

Subject : BankingCompany

Acts : Reserve Bank of India Act, 1934 - Section 45J, 45K, 45K(3) and 45L

Reported in : [1996]85CompCas808(Cal)

a chit. Explanation I.--'Chit' has the meaning assigned to it in Clause (b) of Section 2 of the Chit Funds Act, 1982. Explanation II.--Any credit given by a seller to a buyer on the sale of any property (whether movable … in the said Act for prosecution andpenalty of persons acting in violation of Directions issued under ChapterII-B (section 58B of the Reserve Bank of India Act and in particular Subsection (5) thereof) and would have hauled up

D M Krishna Vs. N Chandrashekariah

Court : Karnataka

Subject : Education

respect of the suit property in favour of the plaintiff and should pay the amounts due to Sudarshan Chit Funds. In view of this settlement before the panchayat, the plaintiff approached the defendant with requisite money and requested … the Honble Apex Court was pleased to observe that, the admissions in pleadings or judicial admissions, admissible under Section 58 of the Indian Evidence Act, 1872, made by the parties or their agents at or before the hearing

Mayavaram Financial Chit Corporation Ltd. Vs. Deputy Registrar of Chit ...

Court : Chennai

Subject : Commercial

Acts : Chit Funds Act, 1982 - Sections 2, 6, 16(3), 19 and 19(4)

Reported in : [2000]100CompCas366(Mad)

are residing or carry on business, the agreement already entered into as contemplated under Section 6 of the Chit Funds Act, 1982, was altered with the consent in writing of the foreman and the subscribers to the chit with respect … the consent in writing of the foreman and the subscribers to the chit with respect to chit No. 58 of 1997 after making such alteration in the chit agreement. The petitioner, with a view to comply with

M/S.Sree Gokulam Chit & Finance Co.Ltd. vs Padmakumar S.

Court : Kerala

to the appellant. As rightly pointed out by the learned counsel for the appellant, Section 21(1)(c) of the Chit Funds Act 1982, enables the Foreman to claim interest and penalties, if any, payable or in default of payment of instalment

The State Of Maharashtra Vs. 63 Moons Technologies Ltd

Court : Supreme Court of India

Subject : MRTP

I. - “Chit” has the meaning as assigned to it in clause (b) of section 2 of the Chit Funds Act, 1982; Explanation II. - Any credit given by a seller to a buyer on the sale of any property … by it, either directly or indirectly, shall hold any shares in any association/Exchange recognised by the Government or 58 registered by the FMC in excess of the threshold limit of the total paid-up equity capital of such