No person shall issue or cause to be issued any notice, circular, prospectus, proposal or other document inviting the public to subscribe for tickets in any chit unless such notice, circular, prospectus, proposal or document contains a statement that the previous sanction required under section 4 has been obtained and the particulars of such sanction.
Section 2 of Chit Funds Act - Definitions
Section 3 of Chit Funds Act - Act to override other laws, memorandum, articles, etc
Section 4 of Chit Funds Act - Prohibition of chits not sanctioned or registered under the Act
Section 6 of Chit Funds Act - Form of chit agreement
Section 7 of Chit Funds Act - Filing of chit agreement
Section 9 of Chit Funds Act - Commencement of chit
Section 10 of Chit Funds Act - Copies of chit agreement to be given to subscribers