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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 agreementContract An agreement enforceable by law is a contract. All agreements are contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void. Indian Contract Act. 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 timeTime Where any expression of it occurs in any Rules, or any judgment, order or direction, and whenever the doing or not doing of anything at a certain time of the day or night or during a certain part of the day or night has an effect in law, that time is, unless it is otherwise specifically stated, held to be standard time as used in a particular country or state. (In Physics, time and Space never exist actually-“quantum entanglement”) 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 jurisdictionJurisdiction Authority by which courts receive and decide cases. Limited Jurisdiction: the authority over only particular types of cases, or cases under a prescribed amount in controversy, or seeking only certain types of relief, the District Court is a court of limited jurisdiction. Original Jurisdiction: Jurisdiction of the first court to hear a case. 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/-