Every transfer under section 35 shall, within a period of fourteen days
from the date of receipt of the proposal for transfer by the foreman, be
recognised by him unless the transferee is not solvent or the transfer was
effected with a view to defeating the provisions of any law including this
Act and the decision of the foreman to recognise the transfer or not shall
forthwith be communicated to the parties concerned.
Section 31 of Chit Funds Act - Prized subscriber to furnish security
Section 32 of Chit Funds Act - Prized subscriber to pay subscriptions regularly
Section 33 of Chit Funds Act - Foreman to demand future subscriptions by written notice
Section 34 of Chit Funds Act - Restrictions on transfer of rights of foreman
Section 35 of Chit Funds Act - Transfer of non-prized subscriber's rights to be in writing
Section 36 of Chit Funds Act - Recognition of transfer by foreman
Section 37 of Chit Funds Act - Entry of transferee's name in the books
Section 38 of Chit Funds Act - Meetings of general body of subscribers
Section 39 of Chit Funds Act - Provision for continuation of chits in certain cases
Section 40 of Chit Funds Act - Termination of chits