VIOLATION OF PROVISIONS OF THE CHIT FUNDS ACT,1982 AND THE RULES FRAMED THEREUNDER: Following provisions of the Chit Funds Act, 1982 deal with violation of vari

VIOLATION OF PROVISIONS OF THE CHIT FUNDS ACT,1982 AND THE RULES FRAMED THEREUNDER: Following provisions of the Chit Funds Act, 1982 deal with violation of various sections of the above Act: 1. Section 76 (Penalties) 2. Section 77 (Penalty for second and subsequent conviction) 3. Section 78 (Application of fine) 4. Section 79 (Offences by companies) • The Registrar of Chits, Govt. of NCT of Delhi (Extractive summary — verify with official source.)