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

RIGHTS AND DUTIES OF PRIZED SUBSCRIBERS

Section 32: Prized subscriber to pay subscriptions regularly.

Every prized subscriber shall pay his subscriptions regularly on the dates and times and at the place mentioned in the chit agreement and, on his failure to do so, he shall be liable to make a consolidated payment of all the future subscriptions forthwith.