communication, conveying of news or information, advertising, entertainment, amusement, education, financing, insurance, chit funds, real estate, construction, transport, storage, processing, supply of electrical or other
Section 5 in The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
5. Penalty for other offences in connection with prize chits or money ... Whoever, with a view to the promotion or conduct of any prize chit or money circulation scheme in contravention of the provisions of this
Section 6 in The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
6. Offences by companies.—
(1) Where an offence under this
Section 4 in The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
4. Penalty for contravening the provisions of section 3.—
Whoever contravenes
SC1930 (2)
ACT:
Prize Chits and Money Circulation Schemes (Banning ... very extensive scale.
In the year 1978 Parliament passed the Prize Chits and
Money Circulation Schemes (Banning) Act 1978. The Act came
into force
section 2(e) of the definition of "Prize chit" in Prize
Chits and Money Circulation Scheme (Banning) Act, 1978 are
to be read ... following purposes", construction of.
Prize Chits and Money Circulation Scheme (Banning) Act,
1978 section 2(e) --Definition of "prize chit"--Whether
item reads - "Cops, RSS offer different reasons to give
'clean chit' to Sudarshan, Soni". This news item refers to the
statement ... investigation, it was not open to STF to give clean chit to
anyone involved in the offence. Further, it is intriguing that even
though
Section 3 in The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
3. Banning of prize chits and money circulation schemes or enrolment ... members or participation therein.—
No person shall promote or conduct any prize chit or money circulation scheme, or enrol as a member to any such
industrial or commercial matters such as banking, communication, education, financing, insurance, chit funds, real estate, transport, storage, material treatment, processing, supply of electrical or other
Chairperson means the Chairperson of the Appellate Tribunal; (h) chit fund company means a company managing, conducting or supervising, as foreman, agent ... other capacity, chits as defined in section 2 of the Chit Funds Act, 1982 ( 40 of 1982 ); (ha) [ "client" means a person who is engaged
