(1) Nothing in section 46 shall be deemed to affect the power of the Reserve Bank to inspect the books and records of any foreman under the provisions of section 45N of the Reserve Bank of India Act, 1934 (2 of 1934).
(2) The Reserve Bank may, if it considers necessary, forward a copy of its report or of any part of its report on the inspection of the books and records of a foreman to the foreman for taking necessary action.
(3) Every foreman shall, on receipt of the report or part thereof under sub-section (2), be bound to comply with the directions, if any, given by the Reserve Bank in this behalf and shall, if so required, submit periodical reports in regard to the action taken by him.
(4) The Reserve Bank may
also forward a copy of the report on the inspection of the books and records
of a foreman to the State Government within whose jurisdiction the
registered office of the company, if the foreman is a company, or the place
or the principal place of business of the foreman in any other case, is
situated for such action as may be considered necessary.
Section 41 of Chit Funds Act - Copy of assent or consent to be filed with Registrar
Section 42 of Chit Funds Act - Refund of non-prized subscribers' subscriptions
Section 43 of Chit Funds Act - Subscribers dues to be first charge on chit assets
Section 44 of Chit Funds Act - Foreman to allow certain subscribers to inspect chit records
Section 45 of Chit Funds Act - Preservation of chit records by foreman
Section 46 of Chit Funds Act - Inspection of chit books and records by Registrar
Section 47 of Chit Funds Act - Power of Reserve Bank to inspect chit books and records
Section 48 of Chit Funds Act - Circumstances under which chits may be wound up
Section 49 of Chit Funds Act - Application for winding up
Section 50 of Chit Funds Act - Bar to winding up proceedings