Chit Funds Act, 1982- Schedule

Sep 1, 2020

The Schedule

THE SCHEDULE

(See Section 24)

Other Contents of Chit Funds Act, 1982
Sections 1 to 19 Sections 20 to 43 Sections 44 to 90 Schedule

PART 1

Form of Balance Sheet

Liabilities				Assets
1.	Capital:			1.	Cash			Rs.
	Authorised	Rs.		2.	Balances with banks			Rs.
	Issued	Rs.			(a)	Current account	Rs.	Rs.
	Paid-up	Rs.			(b)	Deposit account	Rs.	Rs.
				3.	Investments:
2.	Reserve Fund		Rs.		(a)	In chits	Rs.
3.	Deposits		Rs.		(b)	In Government securities	Rs.
4.	Borrowings		Rs.		(c)	Others	Rs.	Rs.
5.	Foreman's liability in tickets prized		Rs.	4.	Share amount due from prized subscribers:
6.	Prize amount payable		Rs.		(a)	Secured	Rs.
7.	Defaulted subscribers' amount payable		Rs.		(b)	Unsecured	Rs.	Rs.
8.	Advance subscription received		Rs.	5.	Arrears due from prized subscribers:
9.	Liability to non-prized subscribers		Rs.		(a)	Secured	Rs.	Rs.
	(Arrears from non-prized subscribers to be indicated)				(b)	Unsecured	Rs.
10.	Amount payable in terminated chits		Rs.
11.	Auction profit payable to non-prized subscribers		Rs.	6.	Amount due in interminated chits:
12.	Other liabilities		Rs.		(a)	Secured	Rs.
13.	Profit and loss account		Rs.		(b)	Unsecured	Rs.	Rs.
				7.	Chit prize amount paid earlier			Rs.
				8.	Loans and advances to subscribers			Rs.
				9.	Litigation expenses			Rs.
				10.	Premises			Rs.
				11.	Furniture and fixture			Rs.
				12.	Stamps in stock			Rs.
				13.	Other assets			Rs.
				14.	Profits and loss account			Rs.
	TOTAL		Rs.		Total			Rs.
	Total chit amounts of the chits in force, i.e. running chits.			Particulars to be specified in respect of amounts shown against 4, 5 and 6.
				(i)	Amounts due from directors or officers of the company or any of them either jointly or severally with any other person.
				(ii)	Amounts due by companies or firms, in which the directors of the company are interested as directors, partners or in the case of private companies, as members.

Part II

Form of Profit and Loss Account

	Expenditure			Income
1.	To interest paid on deposits, borrowings, etc.	Rs ……….	1. 2.	By Foreman's Commission By bonus	Rs ………. Rs ……….
2.	To salaries, allowances, bonus and provident fund	Rs ……….	3. 4.	By interest By indivisible income in	Rs ……….
3.	To directors' sitting fees	Rs ……….		auction profit	Rs ……….
4.	To rent, taxes, insurance, lighting	Rs ……….	5. 6.	By rent By net profit on sale of	Rs ……….
5.	To law charges	Rs ……….		investments	Rs ……….
6.	To postages, telegrams and stamps	Rs ……….	7. 8.	By other receipts By loss	Rs ………. Rs ……….
7.	To auditors' fees	Rs ……….
8.	To filing fees	Rs ……….
9.	To depreciation and repairs	Rs ……….
10.	To stationery, printing and advertisement	Rs ……….
11.	To other expenditure	Rs ……….
12.	To balance of profit	Rs ……….

	Total	Rs		Total	Rs

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