Section 43: Subscribers’ dues to be first charge on chit assets

Q: What does Section 43 of The Chit Funds Act, 1982 (TCFA) deal with?

Section 43 TCFA pertains to "Subscribers’ dues to be first charge on chit assets". It is part of the The Chit Funds Act, 1982, a legislation enacted by the Parliament of India. Section 43 of The Chit Funds Act, 1982 (TCFA) governs subscribers’ dues to be first charge on chit assets. As verified on 19 May 2026.

Q: Is Section 43 TCFA still in force?

Yes, Section 43 of the The Chit Funds Act, 1982 is currently in force across the Republic of India.

Q: What is धारा 43 TCFA?

धारा 43 TCFA is the Devanagari Hindi reference for Section 43 of the The Chit Funds Act, 1982. Section 43 of The Chit Funds Act, 1982 (TCFA) governs subscribers’ dues to be first charge on chit assets. As verified on 19 May 2026.

Q: What is Dhara 43 TCFA?

Dhara 43 TCFA is the Roman Hindi reference for Section 43 of the The Chit Funds Act, 1982. "Dhara" means "Section" in Hindi. Section 43 of The Chit Funds Act, 1982 (TCFA) governs subscribers’ dues to be first charge on chit assets. As verified on 19 May 2026.

Q: How to cite Section 43 of The Chit Funds Act, 1982?

Cite as: "Section 43, The Chit Funds Act, 1982 (TCFA)" in legal briefs. For academic writing, use the BlueBook format: The Chit Funds Act, 1982, § 43 (India).

Law on Tips Editorial Board

Any amount due to the subscriber from a foreman in relation to the chit business shall be a first charge on the chit assets.