Section 15 of the Chit Funds Act, 1982 – Alteration of chit agreement

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Section 15: Alteration of chit agreement

A chit agreement shall not be altered, added to or cancelled except with the consent in writing of the foreman and all the subscribers to the chit.

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