|

ABSTRACT
Chit
Funds Act , 1982 and Tamil Nadu
Chit Funds Rules, 1984
- Revision of rate of fees prescribed in Appendix II to the Rule -
Notification - Issued.
COMMERCIAL
TAXES (G) DEPARTMENT
G.O.Ms.No. 14
Dated:18.2.2003
Read:
1. From the Inspector General of Registration letter No.12153/H1/2000,
dt:28.4.2000.
2. Government D.O.letter No.11241/G/2000-4, dt:18.7.2001.
3. From the Inspector General of Registration Letter No.12153/H1/2000,
dt:30.7.2001 and 3.8.2001.
4. Government letter
No.11241/G/2000-9,dt:7.10.2002.
5. From the Reserve Bank
of India , Mumbai letter No.DNBS.PD.No.523/03.12/2002-2003, dt:28.1.2003.
...
ORDER:
The
Notification annexed to this order will be published in the Tamil Nadu
Government Gazette.
(By Order of the Governor)
SHAKTIKANTA DAS
SECRETARY TO GOVERNMENT
To
The Inspector General of
Registration, Chennai-28.
The Works Manager,
Government Central Press, Chennai-79. (With a request to send 50 copies of
Notification to Government and 150 copies to Inspector General of
Registration, Chennai-28.)
The Legislative Assembly
Secretariat, Chennai-9.
The Deputy General Manager,
Reserve Bank of India, Department
of Non-Banking Supervision, Central Office, Centre I, IInd Floor, B Wing,
World Trade Centre Complex, Cuffe Parade, Colaba, Mumbai-400 005.
Copy to:
The Law Department, Chennai-9.
The Commercial Taxes (U)
Department, Chennai-9.
The Commercial Taxes
(G) Department, Chennai-9. (for placing the Notification before the Tamil Nadu
Legislative Assembly.)
Stock file/Spare copy.
// Forwarded / By Order //
SECTION OFFICER
ANNEXURE.
NOTIFICATION.
In
exercise of the powers conferred by section 89
read with sections 62 and 63
of the Chit Funds Act, 1982 (Central Act 40 of 1982), the Governor of Tamil Nadu,
in consultation with the Reserve Bank of India, hereby makes the following amendment to the Tamil Nadu Chit Fund
Rules, 1984:-
AMENDMENT
In the said Rules, for Appendix II, the following
Appendix shall be substituted, namely:-
APPENDIX-II
Levy
of fees under sections 62 and 63 of the Chit Funds Act, 1982
(Central
Act 40 of 1982)
(See
rule 42)
TABLE OF FEES
1.
For the application for previous sanction to commence or conduct a chit under sub-section (2) of section 4-
|
(a) When the duration of
the chit does not extend
beyond a year
|
Rs.4
per ticket or instalment whichever is higher subject to a minimum of
Rs.125/-
|
|
(b) When the duration of
the chit extends beyond a year -
(i) when the chit
amount does not exceed Rs.5,000/-
.
|
Rs.6.00 per ticket or
instalment whichever is higher subject to a minimum of Rs.125/-
|
|
(ii) When the chit amount
exceeds Rs.5,000/-
but does not exceed Rs.10,000/-
|
Rs.10.00
per ticket or instalment whichever is higher subject to a minimum of
Rs.200/-
|
|
(iii) When the chit amount
exceeds Rs10,000/- but does not exceed
Rs.20,000/-
|
Rs.15.00
per ticket or instalment whichever is higher subject to a minimum of
Rs.275/-
|
|
(iv) When the chit
amount exceeds
Rs20,000/- but does not
exceed Rs.30,000/-
|
Rs.20.00
per ticket or instalment whichever is higher subject to
a minimum of Rs.350/-
|
|
(v)When the chit
amount exceeds Rs.30,000/- but does not exceed Rs.40,000/-
|
Rs.25.00 per ticket or
instalment whichever is higher subject to a minimum of Rs.425/-
|
|
(vi)
When the chit amount
exceeds Rs.40,000/- but does not exceed
Rs.50,000/-
|
Rs.30.00 per ticket or
instalment whichever is higher subject to a minimum of Rs.500/-
|
|
(vii) When the chit
amount exceeds
Rs.50,000/- but does not exceed Rs.1,00,000/-
|
Rs.45.00 per ticket or
instalment whichever is higher subject to a minimum of Rs.700/-
|
|
(viii) When the chit
amount exceeds Rs.1,00,000/- but does not exceed
Rs.2,00,000/-
|
Rs.50.00 per ticket or
instalment whichever is higher subject to a minimum of Rs.800/-
|
|
(ix) When the chit
amount exceeds Rs2,00,000/-
|
Rs.55.00 per ticket or
instalment whichever is higher subject to a minimum of Rs.1000/-
|
|
2. (a) For filing the chit
agreement with the Registrar
and the Registration of chit under section 7
|
Rs.15/-.
|
|
(b) For every application
for registration of alteration, addition to or cancellation of chit agreement under section 15
and rule 14.
|
Rs.15/-
|
|
3. For filing the
declaration with the Registrar and the grant of a certificate of commencement under
sub-section (1) of section 9.
|
Rs.10/-
|
|
4. For filing the
certificate under sub-section (2) of section 10.
|
Rs.5/-
|
|
5. For filing
a copy of the minutes of the
proceedings under section 18.
|
Rs.5/-
|
|
6. For the audit of balance
sheet under section 24 by the Chit Auditor --
(a) When the aggregate chit amount of chits covered by
the balance sheet does not exceed
Rs.10,000/-
(b) When such amount exceeds
Rs.10,000/- for every Rs.1000/- or
part thereof in excess of Rs.10,000/-
|
Rs.100/-
Rs.25/-
|
|
7. For filing the audited
balance sheet under section 24 -
(a) When the aggregate chit amount of chits covered by
the balance sheet does not exceed
Rs.5,000/-
(b) When such amount exceeds Rs.5,000/- but does
not exceed Rs.10,000/-
(c) When such amount exceeds
Rs.10,000/- but does
not exceed Rs.20,000/-
(d) When such amount exceeds
Rs.20,000/- but
does not exceed Rs.30,000/-
(e) When such amount exceeds
Rs.30,000/- but does not
exceed Rs.40,000/-
(f) When such amount exceeds
Rs.40,000/-
|
Rs.50/-
Rs.100/-
Rs.200/-
Rs.300/-
Rs.400/-
Rs.500/-
|
|
8. For the audit of accounts
under sub-section (4) of the section 61 by the Chit Auditor -
(a) When the chit amount does
not exceed Rs.5,000/-
(b) when the chit amount exceeds
Rs.5,000/- but
does not exceed Rs.10,000/-
(c) when the chit amount
exceeds Rs.10,000/- but does not
exceed Rs.20,000/-
(d) when the chit amount exceeds Rs.20,000/-
but does not exceed
Rs.30,000/-
(e) when the chit amount
exceeds Rs.30,000/- but does not exceed
Rs.40,000/-
(f) when the chit amount exceeds
Rs40,000/- but
does not exceed Rs.50,000/-
|
Rs.50.00
Rs.100.00
Rs.200.00
Rs.300.00
Rs.400.00
Rs.500.00
|
|
9.
If the balance sheet or accounts are audited
under section 24 or sub-section (4) of section 61
at the premises of the foreman or outside the
office of the Registrar for each such audit,
in addition to fee payable under Articles 6 and 8.
|
Rs.50
plus an amount equal to the Traveling Allowance and Daily Allowance
admissible to the Chit Auditor under
the Tamil Nadu Traveling Allowance Rules
|
|
10.
(a) For the application for
extension of time for
filing the declaration under sub-section
(3) of section 7 .
(b) For the application for approval to appropriate
sums from the reserve fund
under sub- section (4) of section 8
(c) For the application to offer as security
the immovable property under
sub-rule (5) of rule 18-
(i) Situated outside the jurisdiction of the Registrar
but within the State.
(ii) Situated outside the State.
(iii) For the inspecting the immovable
property offered as
security under section
20 to fix value of
the property by the Deputy Registrar
of Chits.
(d) For the application for permission
to substitute
the security during the currency of
the chit under sub-section
(3) of
section 20
(e) For the application
from the Foreman to conduct any draw
in the presence of the Registrar or the
person deputed by him under sub-section
(3) of section 16.
(f) For the application for
the prior approval of the Registrar to
open a new place of business under
sub-section (1) of section 19.
(g) For the application for extension of time to file copies of
documents under section 75
(h) For the application to award compensation against
frivolous or vexatious petition for winding
up of chit under sub-section (1) of section
58.
(i) For the application, for
injunction order under section 52
(j) For the application for leave to continue legal proceedings
against foreman under
section 55.
(k) Application for attachment
of property under
sub-section (1) of section 68.
|
Rs.20.00
Rs.200.00
Rs.50.00
Rs.100.00
Rs.250.00
Rs.50.00
Rs.20.00
Rs.150.00
Rs.30.00
Rs.15.00
Rs.15.00
Rs.15.00
Rs.25.00
|
|
11. A fee of rupees five
shall be levied in each case for filing with the Registrar-
(a) A copy of each entry relating
to the removal of defaulting
subscriber under sub- section (3) of section 28.
(b) A copy of each entry relating to the substitution of a
subscriber under sub-section (2) of
section 29.
(c) A copy of entry relating
to transfer of the rights of
Foreman under section
37.
(d) A copy of entry, relating to transfer of non-prized subscriber's
right under section 37.
(e) A copy of assent of all non-prized and unpaid prized
subscribers for
withdrawal of a foreman
under section 41.
(f) A copy of consent of all
non-prized and unpaid prized
subscribers to the termination of chit
under section 41.
|
|
|
12. Fee for petition for
decision of dispute.
|
Twenty rupees for every thousand or part thereof
of the amount of claim in dispute.
|
|
13. Fee for application for
winding up of chit --
(a) When the chit amount does not exceed
Rs.5,000/-
(b) When the chit amount exceeds Rs.5,000/-
|
Rs.100.00
Rs.200.00
|
|
14. Fee for adjournment of
any proceedings under the Act.
|
Rs.25.00
|
|
15. Fee for application for
interim stay or relief other than appeals to the Government or any other
authority under the Act.
|
Rs.50.00
|
|
16. Fee for appeal to the
State Government or any other authority-
(a) When it relates to a chit
with a chit amount not exceeding
Rs.5,000/-
(b) When such chit amount exceeds Rs.5,000/- but does
not exceed Rs.10,000/-
(c) When such chit amount
exceeds Rs.10,000/- but does
not exceed Rs.1,00,000/-
(d) When such chit amount
exceeds Rs.1,00,000/-
|
Rs.100.00
Rs.200.00
Rs.300.00
Rs.500.00
|
|
17. For inspection of one or
more records relating to a chit under section 62
for each inspection.
|
Rs.5.00
|
|
18. For every 100 words or
fraction thereof of a copy or extract of the records relating to a chit furnished under section 64.
|
Re.1.00
|
|
19. Re.1.00 for every 100 words or fraction thereof subject to a minimum of
Rs.35/- for a
certified copy of any order or judgment
or award made by the Registrar or his nominee under section
69."
|
|
SHAKTIKANTA DAS
SECRETARY TO GOVERNMENT
// True Copy //
SECTION OFFICER
|