Section No : 1980 Revised version CHEETUSMarginal Notes1. This Ordinance may be cited as the Cheetu Ordinance2. Interpretation. 3. Essential terms and conditions of a cheat. 4. Schemes which only partake of the nature of a cheetu. 5. Prohibition of schemes which only partake of the nature of a cheetu. 6. Prohibition of cheetus conducted in contravention of the Ordinance. 7. Formation of cheetu 8. Duty of manager to acknowledge subscriber's rights. 9. Duties of the registrar. 10. Duty of manager to furnish copies of registered agreement to subscribers. 11. Conduct of cheetus. 12. Meetings of subscribers. 13. Minutes of meetings. 14. Alteration of the agreement. 15. Receipts for the instalments paid. 16. When first instalment may be received. 17. Security to be given by managers. [4,34 of 1957.] 18. Security to be given by purchaser of cheetu amount. [ 3, 18 of 1939.] 19. Prize amount to be deposited in bank if security is not given by purchaser. [4,34 of 1957.] 20. Substitution of new subscriber for defaulting subscriber who has not purchased any cheetu amount. 21. Voluntary reduction of membership in lieu of substitution of new subscriber. 22. Liability of defaulting subscribers to pay future instalments. 23. Transfer of subscriber's rights. 24. Transfer of manager's right to recover instalments to be voidable. 25. Books to be kept by manager. 26. Manager's liability to subscribers. 27. Manager's liability and right as participant in cheetu. 28. Continuance of cheetu on manager's death or incapacity. 29. Termination of cheetu. 30. Restrictions on operations of companies, firms, and individuals with business names. 31. Registration of companies, firms, and individuals with business names. [5,34 of 1957.] [5,34 of 1957.] 32. Cancellation of registration. 33. Certificate of registration. 34. Security. 35. Security to be a prerequisite to registration of agreement. 36. Financial limits to be observed. 37. Application of Parts III and IV. 38. Sale by tender as an alternative to auction. 39. Prohibition of bid or tender by promoters. 40. Disputes to be settled by Arbitration. 41. Termination, of a cheetu conducted by a company or firm or an individual with a business name. 42. Compulsory winding up of company in case of dishonesty, fraud, or gross mismanagement. [7,34 of 1957.] 43. Fees payable to the registrar. 44. Regulations. 45. Offences and penalties. 46. Statement to be furnished by manager.