section 42
Commencement and effect of winding up order.
The Goa, Daman and Diu Chit Funds Act, 1973Finance197370 sections10 chapters
Chapter IX Chapter IX
Statutory text
An order for the winding up of a chit shall operate in favour of all the subscribers to whom amounts are due from the chit and it shall be deemed to have commenced from the time of the presentation of the application for the winding up.
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