Section 2, Chit Funds Act, 1982 [S1S-776]
As at 6 September 2026. In force from 18 September 1982.
2. Definitions.—In this Act, unless the context otherwise requires,— (a) "goods" means every kind of movable property other than actionable claims and money, and includes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale; (b) "firm" means a firm registered under section 4; (c) "business" includes every trade, occupation and profession; (d) "Registrar" means the Registrar appointed under section 3; (e) "receipt" means a receipt in the form prescribed issued under section 7; (f) "notification" means a notification published in the Official Gazette, and the expression "notified" shall be construed accordingly; (g) "prescribed" means prescribed by rules made under this Act.
Defined terms in this text (5)
business: Section 2, Chit Funds Act, 1982 [S1S776] (In this Act, unless the context otherwise requires,—): "business" includes every trade, occupation and profession
business: 13 more definitions.
firm: Section 2, Chit Funds Act, 1982 [S1S776] (In this Act, unless the context otherwise requires,—): "firm" means a firm registered under section 4
firm: 12 more definitions.
goods: Section 2, Chit Funds Act, 1982 [S1S776] (In this Act, unless the context otherwise requires,—): "goods" means every kind of movable property other than actionable claims and money, and includes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale
goods: 38 more definitions.
receipt: Section 2, Chit Funds Act, 1982 [S1S776] (In this Act, unless the context otherwise requires,—): "receipt" means a receipt in the form prescribed issued under section 7
receipt: 5 more definitions.
Registrar: Section 2, Chit Funds Act, 1982 [S1S776] (In this Act, unless the context otherwise requires,—): "Registrar" means the Registrar appointed under section 3
Registrar: 79 more definitions.
Made under this section, or naming it (0)
none
Cited by (1)
Rule 2, Chit Funds Act Rules, 1982 [S1S-81K], 18 September 1982, Band A. " (2) Words and expressions used herein and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act".
Not held (0)
none
Duties published under this section (0)
none