25.Liability of foreman to subscribers.- (1) Every foreman shall be liable to account to the subscribers for the amounts due to them. (2) Where there are more than one foreman in a chit, each one of them jointly and severally and if the foreman is a firm or other association of individuals each one of the partners or individuals thereof jointly and severally and if the foreman is a company, the company as such ,shall be liable to the subscribers in respect of the obligations arising out of the chit. | 
