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

TRANSFERS

Section 37: Entry of transferee’s name in the books.

Every transfer under section 34 or section 35 shall be entered by the foreman in the books of the chit forthwith and a true copy of such entry shall be filed by the foreman with the Registrar within fourteen days from the date of making such entry.