Section 35 of the Chit Funds Act, 1982 – Transfer of non-prized subscriber’s rights to be in writing

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Section 35: Transfer of non-prized subscriber’s rights to be in writing

Every transfer by a non-prized subscriber of his rights in the chit shall be in writing duly attested by at least two witnesses and shall be filed with the foreman.

Source: official text of The Chit Funds Act, 1982 as published on India Code (PDF). All sections of the Chit Funds Act, 1982.

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