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Fee for Chit fund registration in Tamil Nadu

advtanmoy 18/06/2019 6 minutes read

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/-

Tags: Chit Fund Tamil Nadu Tamil Nadu State Laws