law: Chit Funds Act, 1982
  9.Commencement
  
  of chit.- 
  (1)Every
  
  foreman shall, after all the tickets specified in the chit agreement are fully
  
  subscribed, file a declaration to that effect with the Registrar
  (2)As
  
  soon as may be after a declaration is filed under sub-section (1), the
  
  Registrar shall, after satisfying himself that all the requirements relating to
  
  sanction, registration of chit and other matters have been duly complied with,
  
  grant a certificate of commencement to the foreman.
  (3)No
  
  foreman shall commence any auction or the draw of any chit or appropriate any
  
  chit or appropriate any chit amount unless a certificate of commencement
  
  referred to in sub-section (2) is obtained by him.