Chit Funds Act |
Chit Funds (Limits on Chit Fund Business) Regulations |
Rg 2 |
G.N. No. S 13/1972 |
REVISED EDITION 1990 |
(25th March 1992) |
[14th January 1972] |
Citation |
1. These Regulations may be cited as the Chit Funds (Limits on Chit Fund Business) Regulations. |
Total value of chit funds at any one time |
2. The total value of the chit funds to be conducted at any one time by a chit fund company shall not exceed 20 times the value of the paid-up capital of that company. |