Chit Funds (Limits on Chit Fund Business) Regulations
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Current version
as at 05 Mar 2021
as at 05 Mar 2021
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Chit Funds (Limits on Chit Fund Business) Regulations
Status:
Current version as at 05 Mar 2021
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| Chit Funds Act |
(Chapter 39, Sections 42(1) and 61)
| 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. |