(1) Except with the general or special permission of the State Government, no company carrying on chit business shall conduct any other business.
(2) Where at the commencement of this Act, any company is carrying on any business in addition to chit business, it shall wind up such other business before the expiry of a period of three years from such commencement:
Provided that the State Government may, if it considers it necessary in the public interest or for avoiding any hardship, extend the said period of three years by such further period or periods not exceeding two years in the aggregate.
Section 13 of Chit Funds Act - Aggregate amount of chits
Section 14 of Chit Funds Act - Utilisation of funds
Section 15 of Chit Funds Act - Alteration of chit agreement
Section 16 of Chit Funds Act - Date, time and place of conducting chits
Section 17 of Chit Funds Act - Minutes of proceedings
Section 18 of Chit Funds Act - Copies of minutes to be filed with Registrar
Section 19 of Chit Funds Act - Restriction on opening of new place of business
Section 20 of Chit Funds Act - Security to be given by foreman