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Chit Funds Act

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Chit Funds Act

The Company reserves the right to remove the names of subscribers who do not make proper payments from the list.
If you cancel the ticket in the middle of certain chit period, the company commission of 5% will be deducted from chit amount which you paid and the remaining amount will be issued to you, The cheque shall be issued to the removed person within 90 days of payment of the full installment in lieu of the ticket or within 14 days of the expiry of the chit period if not later.