Section 66 – The Chits Funds Act,1982

The Chits Funds Act,1982

66. Settlement of disputes.

(1) If the Registrar is satisfied that any matter referred to him or brought tohis notice is a dispute within the meaning of Sec. 64, he shall, subject to such rules as may be prescribed, settle the dispute himself, or refer it for disposal to a person appointed by him (hereafter in this chapter referred t as the nominee.)

(2) Where any dispute is referred under sub-section (1) for settlement of the nominee, the Registrar may, at any time for reasons to be recorded in writing, withdraw such dispute from the nominee and may settle the dispute himself, or refer it again for settlement to any other nominee appointed by him.

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The Chits Funds Act,1982

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