section 18
Withdrawal of foreman.
The Goa, Daman and Diu Chit Funds Act, 1973Finance197370 sections10 chapters
Chapter II Chapter II
Statutory text
Where there are more than one person as foreman in a chit, none of them shall withdraw from it until the 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 33. Such withdrawal shall not. however, affect the security given under section 12.
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