What were the main provisions of The Kerala Chitties Act, 1975?
The Kerala Chitties Act, 1975 (Kerala Act 23 of 1975) primarily aimed to regulate and control the functioning of chit funds in Kerala. Some of its main provisions include:

1. Defining 'chit' as an agreement between a group of individuals for the purpose of regularly contributing a fixed sum of money to be periodically divided among them according to certain agreed rules or stipulations.
2. Establishing licensing and registration requirements for chit funds, including the need for a license from the state government and the obligation to maintain proper records and accounts.
3. Imposing penalties and fines on those who operate unlicensed or illegal chit funds, as well as providing for the seizure of assets and property associated with such activities.
4. Allowing for the formation of a Chit Funds Tribunal to adjudicate disputes and hear complaints related to chit fund operations.
5. Providing for the appointment of a Registrar of Chits responsible for overseeing the implementation and enforcement of the Act's provisions.