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Commercial The Chit Fund Act, 1982 Bare Act by Commercial’s Editorial Board Latest Edition

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Chit Fund Act 1982 Latest Edition

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The Chit Fund Act, 1982 (Act 40 of 1982)

This edition of The Chit Fund Act, 1982 (Act 40 of 1982), updated for 2026, provides a complete statutory framework regulating chit funds in India. The volume incorporates the latest amendments, including those introduced by The Chit Funds (Amendment) Act, 2019 (41 of 2019), and the application of provisions extended through The Jammu & Kashmir Reorganisation Act, 2019 (34 of 2019). Presenting the bare text of the law along with short comments, this book is an authoritative reference for legal, academic, and practical use.

It also includes:

  • The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 (as amended by the Chit Funds (Amendment) Act, 2019, and the Jammu & Kashmir Reorganisation Act, 2019)
  • The Delhi Chit Funds Rules, 2007 (as amended vide Notification No. F.6(6)/Fin. (T&E)/2007-08 JS Fin./198, dated 17-3-2010)

This edition is particularly useful for:

  • Law students and academicians focusing on financial and regulatory law
  • Advocates and legal practitioners dealing with chit fund disputes, regulatory compliance, and consumer protection
  • Chit fund companies, financial institutions, and compliance officers ensuring adherence to statutory requirements
  • Policymakers, regulators, and government officials monitoring chit fund operations and curbing fraudulent schemes
  • Researchers, consultants, and professionals analyzing financial regulations and informal credit systems

By consolidating the principal Act with relevant amendments, allied laws, and rules, this 2026 edition offers a reliable and updated legal reference, indispensable for academic study, professional practice, compliance, and regulatory enforcement in the field of chit funds and financial governance.

Commercial’s Editorial Board

Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on excise and customs; several titles on direct taxes as well as Sales Tax. Commercial, in a way has brought about a reform in legal publishing by bringing out high quality publications at affordable prices and is an highly ethical business enterprise. Commercial has withstood the market competition successfully over the years including competition from Foreign publishers and strives its best to serve the legal and corporate professionals better and better every day with its novel ideas and business strategy. Commercial is backed by a team of highly competent in-house professional experts supplemented by high profile authors who have stood by it for decades.

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