Non-prized subscribers to pay subscription and get receipt.

Non-prized Subscribers

1. (1) Every non- prized subscriber shall pay his subscription at the time and place mentioned in the chit agreement and shall on such payment be entitled to get a receipt from the foreman.
2. (2) A non-prized subscriber who defaults in paying his subscription in accordance with the terms of the chit agreement shall in no way be entitled for the benefit of dividend. in respect of the instalment for which he defaults.