Section 63 of the Chit Funds Act, 1982 - Levy of Fees
Section 63 of the Chit Funds Act, 1982 deals with the levy of fees payable to the Registrar for specified regulatory and administrative functions under the Act. The amount of the fee is not fixed by Section 63 itself. Instead, the relevant State Government may prescribe the applicable fees from time to time.
What does Section 63 provide?
Section 63 forms part of Chapter XI of the Chit Funds Act, 1982, dealing with the appointment of officers and levy of fees. It authorises the collection of prescribed fees for specified applications, filings, registrations, audits, inspections and certified copies connected with chit administration.
Section 63 - Levy of fees
(1) There shall be paid to the Registrar such fees as the State Government may, from time to time, prescribe for,--
- the issue of previous sanction under section 4;
- the filing of the chit agreement with the Registrar and the registration of the chit under section 7;
- the filing of a declaration with the Registrar and the grant of a certificate of commencement under section 9;
- the filing of copies of documents under any of the provisions of the Act;
- the audit of the accounts of the foreman under section 61;
- the inspection of documents under section 62;
- the obtaining of certified copies or extracts of documents and records under section 62; and
- such other matters as may appear necessary to the State Government.
(2) A table of fees prescribed under sub-section (1) shall be exhibited on a notice board in the office of the Registrar.
Meaning and scope of Section 63
Section 63 is an enabling provision concerning regulatory fees. It requires fees to be paid to the Registrar for the matters identified in the section, but leaves the actual fee amounts to be prescribed by the State Government from time to time.
Consequently, Section 63 should be read together with the applicable rules, notifications or fee schedules in force in the State concerned. The amount payable for a particular service may therefore depend on the State and the applicable rules or notifications.
Transactions for which fees may be prescribed
| Matter | Relevant provision |
|---|---|
| Previous sanction for commencement or conduct of a chit | Section 4 |
| Filing of chit agreement and registration of chit | Section 7 |
| Declaration and certificate of commencement | Section 9 |
| Filing copies of documents | Relevant provisions of the Act |
| Audit of accounts of the foreman | Section 61 |
| Inspection of documents | Section 62 |
| Certified copies or extracts of documents and records | Section 62 |
| Other prescribed matters | As determined by the State Government |
Who prescribes the fees under Section 63?
The State Government prescribes the fees payable under Section 63. The section expressly permits the State Government to prescribe such fees from time to time.
Role of the Registrar
The Registrar is the statutory authority to whom the fees contemplated by Section 63 are payable. The Act also requires the prescribed table of fees to be displayed on a notice board in the Registrar's office. This provides information about the fees applicable to the services administered by that office.
Relationship with Sections 61 and 62
Section 63 is closely connected with Section 61 and Section 62. Section 61 deals with the appointment of the Registrar and other officers and contains provisions relating to audit, while Section 62 permits specified persons to inspect chit documents or obtain certified copies or extracts on payment of prescribed fees.
Official text of the Chit Funds Act, 1982
The authoritative Central legislation can be checked on the official India Code portal: Chit Funds Act, 1982 - India Code.
The Act was amended by the Chit Funds (Amendment) Act, 2019. The current statutory text and applicable State rules or notifications should be consulted where a particular transaction or fee liability is involved.
Key points about Section 63
- Fees under Section 63 are payable to the Registrar.
- The State Government prescribes the applicable fees.
- The fee amounts may be revised from time to time.
- Fees may apply to sanction, registration, declarations, filings, audits, inspections and certified copies.
- The prescribed fee table must be displayed in the Registrar's office.
- The actual amount payable should be verified from the applicable State rules or notifications.
Updated: 16 September 2026