Chapter VIII-Transfer of Right of The Foreman

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Delhi Chit Fund Rules    

Chapter VIII

TRANSFER OF RIGHT OF THE FOREMAN

29. Application for transfer of the right of foreman- A foreman intending to transfer his right to receive subscriptions form prized subscribers shall apply in writing to the Registrar for obtaining his sanction thereof.

30. Notice of non prized and unpaid prized subscribers- On receipt of an application under rule 29 the Registrar shall give notice in writing to the non prized and unpaid prized subscribers calling for objections if any within thirty days from the date of notice.

31. Before passing orders on an application received under the rule 29 the Registrar may conduct such inquiries as he deems fit and shall here all objections received under rule 30.

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