The CHIT FUNDS ACT, 1982 (Last Updated on 1st January, 2020).

RIGHTS AND DUTIES OF NON-PRIZED SUBSCRIBERS

Section 27: Non-prized subscribers to pay subscriptions and obtain receipts.

Every non-prized subscriber shall pay his subscription due in respect of every instalment on the dates and times and at the places mentioned in the chit agreement and shall, on such payment, be entitled to obtain a receipt from the foreman.