The Chit Fund Act, 1982 (Act 40 of 1982)

This edition of The Chit Fund Act, 1982 (Act 40 of 1982), updated for 2026, provides a complete statutory framework regulating chit funds in India. The volume incorporates the latest amendments, including those introduced by The Chit Funds (Amendment) Act, 2019 (41 of 2019), and the application of provisions extended through The Jammu & Kashmir Reorganisation Act, 2019 (34 of 2019). Presenting the bare text of the law along with short comments, this book is an authoritative reference for legal, academic, and practical use.

It also includes:

• The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 (as amended by the Chit Funds (Amendment) Act, 2019, and the Jammu & Kashmir Reorganisation Act, 2019)

• The Delhi Chit Funds Rules, 2007 (as amended vide Notification No. F.6(6)/Fin. (T&E)/2007-08 JS Fin./198, dated 17-3-2010)

This edition is particularly useful for:

• Law students and academicians focusing on financial and regulatory law

• Advocates and legal practitioners dealing with chit fund disputes, regulatory compliance, and consumer protection

• Chit fund companies, financial institutions, and compliance officers ensuring adherence to statutory requirements

• Policymakers, regulators, and government officials monitoring chit fund operations and curbing fraudulent schemes

• Researchers, consultants, and professionals analyzing financial regulations and informal credit systems

By consolidating the principal Act with relevant amendments, allied laws, and rules, this 2026 edition offers a reliable and updated legal reference, indispensable for academic study, professional practice, compliance, and regulatory enforcement in the field of chit funds and financial governance.