(1) The Andhra Pradesh Chit Funds Act, 1971 (Andhra Pradesh
Act 9 of 1971), the Kerala Chitties Act, 1975 (Kerala Act 23 of 1975), the Maharashtra Chit Funds
Act, 1974 (Maharashtra Act LV of 1974), the Tamil Nadu Chit Funds Act, 1961 (Tamil Nadu
Act 24 of 1961), as in force in the State of Tamil Nadu and in the Union territories of Chandigarh and
Delhi, the Uttar Pradesh Chit Funds Act, 1975 (Uttar Pradesh Act 53 of 1975), the Goa, Daman and Diu
Chit Funds Act, 1973 (Goa, Daman and Diu Act 16 of 1973) and the Pondicherry Chit Funds
Act, 1966 (Pondicherry Act 18 of 1966), are hereby repealed and the provisions of section 6 of the
General Clauses Act, 1897 (10 of 1897), shall apply to such repeal as if each such Act so repealed were a
Central Act.
(2) Notwithstanding such repeal, the Acts mentioned in sub-section (1) shall continue to apply to chits in operation on the commencement of this Act, in the same manner as they applied to such chits before such commencement.
(2) Notwithstanding such repeal, the Acts mentioned in sub-section (1) shall continue to apply to chits in operation on the commencement of this Act, in the same manner as they applied to such chits before such commencement.