Withdrawal of a foreman

Withdrawal of a foreman :- No foreman or where there are more than one person as foreman in a chit none of them, shall withdraw from the chit until termination of the chit unless such withdrawal is assented to by all the non-prized subscribers and unpaid prized subscribers and a copy of such assent has been filed as required by Section 32. Such withdrawal shall not, however, affect the security given under Section 12.