Minutes of proceedings

Minutes of proceedings :- Minutes of the proceedings of every drawing

shall be prepared and entered in a book to be kept for that purpose and shall

be signed by the foreman and all the subscribers present. It shall also be signed by the prized subscriber or his authorised agent.

1. (2) Such minutes shall state clearly,
   • (i) the date and hour when the proceedings began and ended and the place where, the drawing was held; ( i i ) the number of the particular installment of the chit of which proceedings are recorded ;
   • (iii) the names of the subscribers present :
   • (iv) the person or persons who become entitled to the prize amount in the particular installment ;
   • (v) the amount of discount ;

( v i ) full particulars regarding the disposal of the prize amount

in respect of the preceding installment and disposal of unpaid prize amount, if any, in respect of any previous installment ; and

1. (vii) any other particular which may be prescribed.