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In force2020 Revised Edition
Contents

Part 4 · Chit Funds — General Provisions

28. Alteration of agreement

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Subject to the provisions of this Act and the regulations made under this Act and subject also to any terms or conditions contained in the agreement as to the matters or the mode in which alterations of the agreement may be made, any alteration of the figures, amounts, dates or other particulars which are not likely to affect the intention or the legal effect of the essential terms and conditions, or any alteration of the additional terms and conditions contained in any agreement, may be made only at any meeting of the subscribers, duly convened for the purpose, by the votes of a majority, the aggregate of whose contributions is not less than three-quarters of the chit fund amount.

Report

Part 5

Reserve Fund, Dividends, Balance Sheet, Information and Regulation of Business

Part 6

Inspection of Chit Fund Companies

Part 7

Miscellaneous Provisions