APPOINTMENT OF OFFICERS AND LEVY OF FEESCentral

Section 63 of The Chit Funds Act, 1982

(1)There shall be paid to the Registrar such fees as the State Government may, from time to time, prescribe for,--
1. (a)the issue of previous sanction under section 4;
2. (b)the filing of the chit agreement with the Registrar and the registration of the chit under section 7;
3. (c)the filing of a declaration with the Registrar and the grant of a certificate of commencement under section 9;
4. (d)the filing of copies of documents under any of the provisions of this Act;
5. (e)the audit of the accounts of the foreman under section 61;
6. (f)the inspection of documents under section 62;
7. (g)the obtaining of certified copies or extracts of documents and records under section 62; and
8. (h)such other matters as may appear necessary to the State Government.
(2)A table of fees prescribed under sub-section (1) shall be exhibited on a notice board in the office of the Registrar.

Summary

The State Government has the sole authority to prescribe the fees payable to the Registrar from time to time.
Fees are charged for major regulatory steps including the previous sanction under Section 4, registering the chit agreement under Section 7, and granting a commencement certificate under Section 9.
Fees are also charged for filing copies of documents under any provision of the Act, auditing accounts under Section 61, and inspecting or getting copies of documents under Section 62.
The State Government can prescribe fees for any other matters it deems necessary.
A table of all these prescribed fees must be physically exhibited on a notice board in the Registrar's office.

Practical examples

1A foreman named Vijay starts a new chit fund in October 2026. He goes to the Registrar's office in Bangalore and looks at the wooden notice board on the wall to check the fees for filing his chit agreement under Section 7 and getting his commencement certificate under Section 9.

2The State Government of Kerala decides to update the administrative costs for processing public requests. They issue a new fee schedule, and the Registrar updates the notice board to show the new rate of 50 rupees for inspecting documents under Section 62.

FAQ

1. Who decides the amount of fees to be charged for various services at the Registrar's office?

The State Government decides and prescribes the fees from time to time.

2. How can a foreman or subscriber find out what fees they need to pay?

A complete table of all the prescribed fees must be clearly displayed on a notice board in the Registrar's office.

3. Are there fees for simply submitting required documents under the Act?

Yes, fees are charged for filing copies of documents under any of the provisions of the Act.

Test yourself

Q1.Under Section 63 of The Chit Funds Act, 1982, who has the authority to prescribe the fees payable to the Registrar for various filings and services?

Q2.Under Section 63 of The Chit Funds Act, 1982, how must the prescribed fees be publicized so that people visiting the Registrar's office are aware of them?

Q3.Under Section 63 of The Chit Funds Act, 1982, how does the requirement of paying a registration fee under Section 7 interact with the previous sanction required under Section 4?

Q4.Under Section 63 of The Chit Funds Act, 1982, in what way does the levy of fees connect with the inspection of documents governed by Section 62?

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