REMOVAL OF A SUBSCRIBER FROM THE CHIT GROUP If the foreman company wants to remove a defaulting subscriber from a chit group, he shall:- a) Give a written notic

REMOVAL OF A SUBSCRIBER FROM THE CHIT GROUP If the foreman company wants to remove a defaulting subscriber from a chit group, he shall:- a) Give a written notice of such removal of the subscriber within 14 days of such removal, b) File a true copy of such removal with the RCF, Delhi within 14 days of the date of such removal, c) Not substitute any defaulting subscriber until the expiry of the peri (Extractive summary — verify with official source.)