Page3

11. Form of commencement of chit.—The certificate of
commencement of a chit to be granted to the foreman shall be in Form VI.
12. Form of certificate about furnishing copy of the chit
agreement to the subscribers of a chit.—The certificate by the foreman
about having furnished a copy of the chit agreement to every subscriber of a
chit to be filed with the Registrar shall be in Form VII.
13. Form of chit agreement.—The chit agreement of every chit
commenced under the Act shall, as far as may be conform to the proforma
set forth in Form VIII.
14. Filling of alteration, addition or omission of chit
agreement.—(1) No alteration, addition or cancellation of any provision in
the chit agreement shall have effect unless such alteration or addition or as
the case may be, cancellation is registered. If the foreman makes any
alteration or addition or cancellation f any provisions in the chit agreement,
he shall submit such alteration or addition, cancellation in duplicate to the
Registrar duly signed and attested by at least two witnesses along with the
application for registration of such alteration or addition or cancellation, as
the case may be, of the chit agreement.
(2) An application to file an alteration of or addition to or cancellation
of any provision in the chit agreement shall be dealt with the same manner
as an application for filing the chit agreement.
15. Data of effect of alteration or addition or cancellation of any
provision in the chit agreement.—An alteration of, or addition to, or
cancellation of any provision in the chit agreement shall not take effect from
a date earlier than the date of such registration of the alteration or addition
or cancellation as the case may be unless otherwise ordered by the
registrar:
Provided that the Registrar shall not give effect to the alteration or
addition or omission from a date earlier than the date of application for
registration of the alteration or addition or omission of any provision of the
chit agreement, as the case may be.