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  • Fee Stucture Under New Chit Act

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    Rajith Davis
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    This document outlines various application and filing fees under the Kerala Chit Funds Act of 2012. Fees are specified for activities like inspection of property, filing chit agreements, certificates of commencement, audit and inspection by the registrar, copying records, and appeals. The fees range from Rs. 1 to Rs. 1000 depending on the type of application and size of the chit fund. The document provides a table outlining the sliding scale of fees for activities like filing certificates and audits based on the amount of the chit fund.

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    This document outlines various application and filing fees under the Kerala Chit Funds Act of 2012. Fees are specified for activities like inspection of property, filing chit agreements, certificates of commencement, audit and inspection by the registrar, copying records, and appeals. The fees range from Rs. 1 to Rs. 1000 depending on the type of application and size of the chit fund. The document provides a table outlining the sliding scale of fees for activities like filing certificates and audits based on the amount of the chit fund.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPSX, PDF, TXT or read online from Scribd
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    Download as ppsx, pdf, or txt
    402 views6 pages

    Fee Stucture Under New Chit Act

    Uploaded by

    Rajith Davis
    This document outlines various application and filing fees under the Kerala Chit Funds Act of 2012. Fees are specified for activities like inspection of property, filing chit agreements, certificates of commencement, audit and inspection by the registrar, copying records, and appeals. The fees range from Rs. 1 to Rs. 1000 depending on the type of application and size of the chit fund. The document provides a table outlining the sliding scale of fees for activities like filing certificates and audits based on the amount of the chit fund.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppsx, pdf, or txt
    of 6

    Application and filling fees under the various sections of Kerala Chit Funds Act 2012 as follow

    1. Inspection of immovable property (section 20) 2. Application for previous Sanction (sub-section (2) of section 4) 3. Filing a chit agreement (Sub-section (1) of section 7)

    Rs. 25.00

    Rs. 25.00

    Rs. 10.00

    4. Certificate of commencement (Sub-section (2) of section 9) as per the table below Chit Amt From 0 5001 10001 15001 20001 Chit Amt To 5000 10000 15000 20000 25000 Fee (Rs.) 10.00 25.00 50.00 100.00 150.00

    25001
    1,00,001 and above

    1,00,000

    250.00
    750.00

    5. Filing a certificate (sub-section (2) of section 10)


    7. Filing copy of the minutes of proceedings (section 17) 8. Application for registration of an alteration, addition or omission of any provisions in a chit agreement (sub-rule (1) of rule 15) 9. Removal of defaulting subscriber (under sub-section (3) of section 28) 10. Substitution of a subscriber (sub-section (2) of section 29 11. Transfer of the rights of foreman (section 37)

    Rs. 2.00

    Rs. 2.00

    Rs. 10.00

    Rs. 2.00

    Rs. 2.00

    Rs. 2.00

    12. Transfer of non-prized subscribers right (under section 37) 13. Copy of assent of NP subscribers and unpaid prized subscribers of withdrawal a Foreman (section 41) 14. Consent of all non-prized or unpaid prized subscribers to the termination of chit (section 41) 15. Petition protesting against or objecting to the orders passed or proposed to be passed by the Registrar.

    Rs. 2.00

    Rs. 2.00

    Rs. 2.00

    Rs. 2.00

    16. Various fees for Chit Audit and inspection by registrar under section 24 and 46
    Chit Amt From 0 5,001 15,001 25,001 Chit Amt To 5,000 15,000 25,000 50,000 Fee (Rs.) 25.00 60.00 120.00 200.00

    50,001
    1,00,001 and above

    1,00,000

    500.00
    1000.00

    17. Inspection of the records of a chit (section 62)

    Rs. 3.00

    17. For every 100 words or fraction there of a copy or extract of the records relating to a chit furnished (section 62 ) 18. For every 100 words or fraction thereof of certified copy of any order, or award made by the Registrar or his nominee, (section 69 ) 19. Appeal to the State Government (section 74 )

    Rs. 1.00

    Rs. 1.00

    Rs.10.00

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