(1) The Andhra Pradesh Chit Funds Act, 1971 (Andhra Pradesh Act 9 of 1971), the Kerala Chitties Act, 1975 (Kerala Act 23 of 1975), the Maharashtra Chit Funds Act, 1974 (Maharashtra Act LV of 1974), the Tamil Nadu Chit Funds Act, 1961 (Tamil Nadu Act 24 of 1961), as in force in the State of Tamil Nadu and in the Union territories of Chandigarh and Delhi, the Uttar Pradesh Chit Funds Act, 1975 (Uttar Pradesh Act 53 of 1975), the Goa, Daman and Diu Chit Funds Act, 1973 (Goa, Daman and Diu Act 16 of 1973) and the Pondicherry Chit Funds Act, 1966 (Pondicherry Act 18 of 1966), are hereby repealed and the provisions of section 6 of the General Clauses Act, 1897 (10 of 1897), shall apply to such repeal as if each such Act so repealed were a Central Act.
(2) Notwithstanding such repeal, the Acts
mentioned in sub-section (1) shall continue to apply to chits in operation
on the commencement of this Act, in the same manner as they applied to such
chits before such commencement.
Section 81 of Chit Funds Act - Power to compound offences
Section 82 of Chit Funds Act - Power to enter and search any place and to seize any documents
Section 83 of Chit Funds Act - Officers to be public servants
Section 84 of Chit Funds Act - Power to delegate
Section 85 of Chit Funds Act - Act not to apply to certain chits
Section 86 of Chit Funds Act - Banks not to conduct chit business
Section 87 of Chit Funds Act - Power to exempt
Section 88 of Chit Funds Act - Protection of action taken under the Act
Section 89 of Chit Funds Act - Power to make rules
Section 90 of Chit Funds Act - Repeal and saving