THE CHIT FUNDS ACT, 1982
No.40 OF 1982
[19th August, 1982.]

An Act to provide for the regulation of chit funds and for matters connected therewith. Be it enacted by Parliament in the Thirty-third Year of the Republic of India as follows:-

THE CHIT FUNDS ACT, 1982

CHAPTER I – PRELIMINARY

1.Short title, extent and commencement.-

(1) This Act may be called the Chit Funds Act, 1982.

(2) It extends to the whole of India except the State of Jammu and Kashmir.

(3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint, and different dates may be appointed for different States.