Section 25: Liability of foreman to subscribers

Q: What does Section 25 of The Chit Funds Act, 1982 (TCFA) deal with?

Section 25 TCFA pertains to "Liability of foreman to subscribers". It is part of the The Chit Funds Act, 1982, a legislation enacted by the Parliament of India. Section 25 of The Chit Funds Act, 1982 (TCFA) governs liability of foreman to subscribers. As verified on 19 May 2026.

Q: Is Section 25 TCFA still in force?

Yes, Section 25 of the The Chit Funds Act, 1982 is currently in force across the Republic of India.

Q: What is धारा 25 TCFA?

धारा 25 TCFA is the Devanagari Hindi reference for Section 25 of the The Chit Funds Act, 1982. Section 25 of The Chit Funds Act, 1982 (TCFA) governs liability of foreman to subscribers. As verified on 19 May 2026.

Q: What is Dhara 25 TCFA?

Dhara 25 TCFA is the Roman Hindi reference for Section 25 of the The Chit Funds Act, 1982. "Dhara" means "Section" in Hindi. Section 25 of The Chit Funds Act, 1982 (TCFA) governs liability of foreman to subscribers. As verified on 19 May 2026.

Q: How to cite Section 25 of The Chit Funds Act, 1982?

Cite as: "Section 25, The Chit Funds Act, 1982 (TCFA)" in legal briefs. For academic writing, use the BlueBook format: The Chit Funds Act, 1982, § 25 (India).

Law on Tips Editorial Board

(1)

Every foreman shall be liable to account to the subscribers for the amounts due to them.

(2)

Where there are more than one foreman in a chit, each one of them jointly and severally and, if the foreman is a firm or other association of individuals, each one of the partners or individuals thereof jointly and severally and, if the foreman is a company, the company as such, shall be liable to the subscribers in respect of the obligations arising out of the chit.