Tamil Nadu State Laws

Fee for Chit fund registration in Tamil Nadu

 

Sr. No Fee Description Amount (in Rs)
1 For the application for previous sanction to commence or conduct a chit under sub-section (2) of Section 4.  
  a) When the duration of the chit does not extend beyond a year Rs.20/- per ticket or instalment whichever is higher subject to a minimum of Rs.500/-
  b) When the duration of the chit extends beyond a
year-b) When the duration of the chit extends beyond a
year-b) When the duration of the chit extends beyond a
year-
 
    (1)When the chit amount does not exceed Rs.5,000/- Rs.30/- per ticket or instalment whichever is higher subject
to a minimum of Rs.500/-Rs.30/- per ticket or instalment whichever is higher subject
to a minimum of Rs.500/-Rs.30/- per ticket or instalment whichever is higher subject
to a minimum of Rs.500/-
    (2) When the chit amount exceeds Rs. 5,000/- but does not exceed Rs. 10,000/- Rs.50/-per ticket or instalment whichever is higher subject
to a minimum of Rs.800/-Rs.50/-per ticket or instalment whichever is higher subject
to a minimum of Rs.800/-Rs.50/-per ticket or instalment whichever is higher subject
to a minimum of Rs.800/-
    (3) When the chit amount exceeds Rs.10,000/- but does not exceed Rs. 20,000/- Rs.80/- per ticket or instalment whichever is higher subject
to a minimum of Rs.1200/-Rs.80/- per ticket or instalment whichever is higher subject
to a minimum of Rs.1200/-Rs.80/- per ticket or instalment whichever is higher subject
to a minimum of Rs.1200/-
    (4) When the chit amount exceeds Rs.20,000/- but does not exceed Rs. 30,000/- Rs.120/- per ticket or instalment whichever is higher subject
to a minimum of Rs.1600/-Rs.120/- per ticket or instalment whichever is higher subject
to a minimum of Rs.1600/-Rs.120/- per ticket or instalment whichever is higher subject
to a minimum of Rs.1600/-
    (5) When the chit amount exceeds Rs.30,000/- but does not exceed Rs. 40,000/- Rs.160/- per ticket or instalment whichever is higher subject
to a minimum of Rs.2000/-Rs.160/- per ticket or instalment whichever is higher subject
to a minimum of Rs.2000/-Rs.160/- per ticket or instalment whichever is higher subject
to a minimum of Rs.2000/-
    (6) When the chit amount exceeds Rs.40,000/- but does not exceed Rs. 50,000/- Rs.200/- per ticket or instalment whichever is higher subject
to a minimum of Rs.2500/-Rs.200/- per ticket or instalment whichever is higher subject
to a minimum of Rs.2500/-Rs.200/- per ticket or instalment whichever is higher subject
to a minimum of Rs.2500/-
    (7) When the chit amount exceeds Rs. 50,000/- but does not exceed Rs. 1,00,000/- Rs.250/- per ticket or instalment whichever is higher subject
to a minimum of Rs.3000/-Rs.250/- per ticket or instalment whichever is higher subject
to a minimum of Rs.3000/-Rs.250/- per ticket or instalment whichever is higher subject
to a minimum of Rs.3000/-
    (8) When the chit amount exceeds Rs. 1,00,000/- but does not exceed Rs. 2,00,000/- Rs.300/- per ticket or instalment whichever is higher subject
to minimum of Rs.3500/-Rs.300/- per ticket or instalment whichever is higher subject
to minimum of Rs.3500/-Rs.300/- per ticket or instalment whichever is higher subject
to minimum of Rs.3500/-
     (9) When the Chit amount exceeds Rs.2,00,000/- Rs.350/- per ticket or instalment whichever is higher subject
to minimum of Rs.4000/-Rs.350/- per ticket or instalment whichever is higher subject
to minimum of Rs.4000/-Rs.350/- per ticket or instalment whichever is higher subject
to minimum of Rs.4000/-
2 For filing the chit agreement with the Registrar and the Registration of chit under Section 7 Rs. 100/-
3 For filing the declaration with the Registrar and the grant of a certificate of commencement under sub-Section (1) of Section 9For filing the declaration with the Registrar and the grant of a certificate of commencement under sub-Section (1) of Section 9For filing the declaration with the Registrar and the grant of a certificate of commencement under sub-Section (1) of Section 9 Rs. 60/-
4 For filing the certificate under sub-Section (2) of Section 10 — ( Form 7, Letter about Agreement copy furnished to the subscribers ) Rs. 50/-
5 For filing a copy of the minutes of the proceedings under Section 18. Rs. 50/-
6 For filing the audited balance sheet under Section 24-  
     (a) When the aggregate chit amount of chits covered by the balance sheet does not exceed Rs.5,000/- Rs. 200/-
     (b) When such amount exceeds Rs.5000/- but does not exceed Rs.10,000- Rs. 500/-
    (c) When such amount exceeds Rs.10,000/- but does not exceed Rs.20,000/- Rs. 800/-
    (d)When such amount exceeds Rs. 20,000/- but does not exceed Rs.30,000/- Rs. 1000/-
    (e)When such amount exceeds Rs. 30,000/- but does not exceed Rs. 40,000/- Rs. 1200/-
    (f)When such amount exceeds Rs. 40,000/- Rs. 1500/-
7 For the application for extension of time for filing the declaration under sub-Section (3) of Section 7 Rs. 500/-
8 For the application to offer as security the
immovable property under sub-rule (5) of rule 18-For the application to offer as security the
immovable property under sub-rule (5) of rule 18-
 
    (i) situated outside the jurisdiction of the Registrar but within the State. Rs. 400/-
    (ii) situated outside the State. Rs. 1000/-
    (iii) for inspecting the immovable property offered as security under Section 20 to fix value of the property by the Deputy Registrar of chits. Rs. 1000/-
9 for the application for permission to substitute the security during the currency of the chit under sub-Section (3) of Section 20. Rs. 1000/-
10 for the application for the prior approval of the Registrar to open a new place of business under sub-Section (1) of Section 19. Rs. 1000/-
11 for the application for extension of time to file copies of documents under Section 75. Rs. 600/-
12 for the application to award compensation against frivolous or vexatious petition for winding up of chit under sub-section (1) of Section 58. Rs. 250/-
13 For Filing a copy of each entry relating to the removal of defaulting subscriber under sub-section (3) of Section 28. Rs. 100/-
14 For Filing a copy of each entry relating to the substitution of a subscriber under sub-section (2) of Section 29. Rs. 100/-
15 For Filing a copy of entry relating to transfer of the rights of Foreman under Section 37. Rs. 100/-
16 For Filing a copy of entry, relating to transfer of non-prized subscriber”s right under Section 37. Rs. 100/-
17 For Filing a copy of assent of all non- prized and unpaid prized subscribers for withdrawal of a foreman of chit under Section 41. Rs. 100/-
18 For Filing a copy of consent of all non- prized and unpaid prized subscribers to the termination of Chit under Section 41. Rs. 100/-
19 For application for winding up of Chit-  
  (a) When the chit amount does not exceed Rs.5,000/- Rs. 400/-
  (b) When the chit amount exceeds Rs. 5,000/- Rs. 800/-
20 For inspection of one or more records relating to a chit under Section 62 for each inspection. Rs. 100/-
21 For every 100 words or part thereof of a copy or extract of the records relating to a chit furnished under Section 64. Rs. 20/-
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