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Chit Funds (Limits on Chit Fund Business) Regulations

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Chit Funds Act
(Chapter 39, Sections 42(1) and 61)
Chit Funds (Limits on Chit Fund
Business) Regulations
Rg 2
G.N. No. S 13/1972
REVISED EDITION 1990
(25th March 1992)
[14th January 1972]
Citation
1.  These Regulations may be cited as the Chit Funds (Limits on Chit Fund Business) Regulations.
Total value of chit funds at any one time
2.  The total value of the chit funds to be conducted at any one time by a chit fund company shall not exceed 20 times the value of the paid-up capital of that company.

LEGISLATIVE HISTORY

Chit Funds (Limits on Chit Fund Business) Regulations
(CHAPTER 39, Rg 2)
This Legislative History is provided for the convenience of users of the Chit Funds (Limits on Chit Fund Business) Regulations. It is not part of these Regulations.
1.  
G. N. No. S 13/1972—Chit Funds (Limits on Chit Fund Business) Regulations 1972
Date of commencement
:
14 January 1972