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Chit Fund Fees

This document outlines 19 items and the corresponding fees charged under Sections 62 and 63 of the Chit Funds Act of 1982 in Andhra Pradesh, India. The fees are charged for various applications and filings related to chit funds, including fees for registering and auditing chit funds, filing documents, applications for extensions or approvals, and more. The fees range from Rs. 2/- to Rs. 500/- depending on the type of application and size of the chit fund.

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0% found this document useful (0 votes)
338 views5 pages

Chit Fund Fees

This document outlines 19 items and the corresponding fees charged under Sections 62 and 63 of the Chit Funds Act of 1982 in Andhra Pradesh, India. The fees are charged for various applications and filings related to chit funds, including fees for registering and auditing chit funds, filing documents, applications for extensions or approvals, and more. The fees range from Rs. 2/- to Rs. 500/- depending on the type of application and size of the chit fund.

Uploaded by

vinod kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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1

APPENDIX – II

Levy of fees under Sections 62 and 63 of the Chit Funds Act, 1982
(Central Act. No. 40 of 1982)
(See Rule 42 of the Andhra Pradesh Chit Funds Rules, 2008)

TABLE OF FEES

1. For the application for previous sanction Upto Rs. 50,000/- (Chit Value)
to commence or conduct a chit under Rs. 10/- per ticket, subject
sub-section(2) of Section 4
to maximum of Rs. 400/-Rs.
50,0001 to Rs. 2,00,000 Rs.
20/- per ticket, subject to a
maximum of Rs. 1,000/-Rs.
2,00,001 to Rs. 5,00,000/-Rs.
30/- per ticket subject to a maximum
of Rs. 1,500/-Above Rs.
5,00,000/- Rs. 35/- per ticket subject
to a maximum of Rs. 2,000/-Rs. 10/-
per ticket
2. (a) For filing the chit agreement
with the Registrar and Registration
of chit under Section 7.
Rs. 10/- per ticket Rs.
(b) For every application for
registration of alteration, addition
to or cancellation of chit agreement
under Section 15 and Rule 14. 10/-Rs. 10/-Rs. 2/-
3. For filing the declaration with the
Registrar and the grant of a certificate of
commencement under sub-section (1) of
Section 9.
4. For filing the
certificate under sub-
section (2) of
Section 10.
5. For filing a copy of
minutes of the proceedings under
Section 18.
2

6. For the of balance


audit sheet 24 by the
under Section Chit
Auditor

(a) When the aggregate chit Rs.


100/-amount of chits covered by the
balance sheet does not exceed Rs.
1,00,000/-(b) When such amount exceeds
R s . 2 50/-Rs. 1,00,000

7.
For filing the audited balance sheet Rs. 100/- for Proprietary concerns
under Section 24
Rs. 200/- for Partnership Firms Rs.

300/- for Companies

8. For the audit of accounts under


sub-section (4) of Section 61 by the
Chit Auditor
(a) When the chit amount does not Rs. 50/-Rs. 300/-Rs. 20/- plus an
exceed Rs. 1,00,000.
amount equal to the traveling
(b) When amoun
such Rs. 1,00,000 t allowance and daily allowance
exceed admissible to the Chit Auditor
9. If the balance sheet s or accounts are
audited under Section 24 or under the Andhra Pradesh
sub-section (4) of Section 61 at the
premises of foreman or outside the Traveling Allowances Rules.
office of the Registrar for each such
audit, in addition to fee payable under Rs. 20/-
Articles 6 and 8.
(a) For the application for extension
10. of time for filing the declaration under
sub-section (3) of Section 7 Rs. 200/-
(b) For the application for approval
to appropriate sums from reserve fund
under subsection (4) of Section 8.
3

(c) For the application to offer as


security the immovable property
under sub-rule (5) of Rule 18
(i) Situated the Rs. 50/-Rs.
jurisdiction of the but
within the State
outside 100/-Rs. 250/-
Registrar
(ii) Situated outside the State
plus @

(iii) For inspecting the immovable


property offered as security under
Section 20 to fix value of the property
by the Deputy Registrar of Chits or
Assistant Registrar of chits
Rs. 50/-
(d) For the application for
permission to substitute the
security during the currency of
the chit under sub-section (3) of
Section 20.
Rs. 50/-
(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.
Rs. 150/-
(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 Rs. 30/-
extension file copies of
documents under Section 75.
(h) For the application to award Rs. 15/-
compensation against frivolous or
vexatious petition for winding up of
chit under sub-section (1) of Section
58.
(i) For the application Rs. 15/-
injunction for order under
52. Section
4

(j) For the application for leave Rs. 15/-


to continue legal proceedings against
foreman under Section 55.
(k) Application for attachment of Rs. 25/-
property under sub-section (1) of
Section 68.
11. For filing the following papers
with the Registrar

(a) A copy of each entry relating Rs. 5/-


to the removal of defaulting
subscriber under sub-section (3)
of Section 28.
(b) A copy of each entry relating Rs. 5/-
to the substitution of a
subscriber under sub-section (2)
of Section 29.
(c) A copy of entry relating to Rs. 5/-
transfer of the rights of foreman
under Section 37.
(d) A copy of entry, relating to Rs. 5/-
transfer of non-prized
subscriber’s right under Section
37.
(e) A copy of assent of all non- Rs. 5/-
prized and unpaid subscribers
for withdrawal of a
foreman under Section 41.

(f) A copy of consent of all non- Rs. 5/-


prized and unpaid prized subscribers
to the termination of chit under
Section 41.

12. Fee for petition for decision of Rs. 20/- for every thousand or
dispute
part thereof of the amount of
claim in dispute.
5

13. Fee for application for


up of chit windin
g
(a) When the chit amount does Rs.
not exceed Rs. 5,000
(b) When such chit amount 100/-Rs.
exceeds Rs. 5,000
14. 15. Fee for adjournment of any 200/-Rs.
proceedings under the Act.
Fee for application for interim stay or 25/-
relief other than appeals to the
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. 100/-Rs.
Rs. 5,000 but does not exceed Rs.
10,000
(c) When such chit amount exceeds 200/-Rs.
Rs. 10,000 but does not exceed Rs.
1,00,000
(d) When such chit amount exceeds 300/-Rs.
17. Rs. 1,00,000
For inspection of one or more records
500/-Rs. 5/-Rs.
relating to a chit under Section 62 for
18. each inspection
For every 100 words or fraction 2/- per page Rs.
thereof of a copy or extract of the
19. records relating to a chit
For a certified copy of any order or 50/-
judgement or award made by the
Registrar or his nominee under
Section 69.

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