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In force2024 Revised Edition

Subsidiary Legislation

Chit Funds (Limits on Chit Fund Business) Regulations 1972

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reg 1Citation

These Regulations are the Chit Funds (Limits on Chit Fund Business) Regulations 1972.

reg 2Total value of chit funds at any one time

The total value of the chit funds to be conducted at any one time by a chit fund company must not exceed 20 times the value of the paid‑up capital of that company.