# Chapter 1 - Preliminary



# Preliminary (1 to 2)

In exercise of the powers conferred by Section 89 of the Chit Funds Act, 1982 (Central Act 40 of 1982), the governor of Tamil Nadu, I consultation with the Reserve Bank of India, hereby makes the following rules.

<center id="bkmrk-chapter-1-preliminar">### <span style="color: rgb(34, 87, 122);">**Chapter 1**</span>

#### <span style="color: rgb(34, 87, 122);">**Preliminary**</span>

</center>**<span style="color: rgb(0, 0, 0);">1.Short title </span>–**(1) These rules may be called the Tamil Nadu Chit Funds Rules, 1984.

(2) They shall come into force on the 13th April, 1984.

<span style="color: rgb(0, 0, 0);">**2.Definitions**</span>—In these rules, unless the context otherwise requires, --

(a) “<span style="color: rgb(34, 87, 122);">**Act**</span>” means the Chit Funds Act, 1982, (Central Act 40 of 1982;

(b) “<span style="color: rgb(34, 87, 122);">**appendix**</span>” means Appendix I or, as the case may be, Appendix II to these rules:

(c)” <span style="color: rgb(34, 87, 122);">**authorized agent**</span>” means a person duly authorized by power of attorney executed and authenticated in the manner specified in Section 33 of the registration Act, 1908 (Central Act XIV of 1908) or a person authorized by a duly stamped power of attorney or a letter of authorization specified in Form XX by the person concerned;

(d) “<span style="color: rgb(34, 87, 122);">**form**</span>” means a form in Appendix I to these Rules;

(e) “<span style="color: rgb(34, 87, 122);">**Section**</span>” means a section of the Act;

(f) Words and expressions used in these rules but not defined herein shall have the same meanings respectively assigned to them in the Act.