chit fund amount of Rs.1,20,000/- and another chit fund
scheme amount on bid. Thereafter, accused for the surety of
the said chit ... repay the chit
fund amount and thereby committed an
offence punishable U/s. 3 and 5 of Chit Fund
Act and also Section
ALLEGED : U/s.420 of IPC and
Section 4 , 76 of Chit
Funds Act.
DATE OF COMMENCEMENT
OF EVIDENCE : 16.02.2015
DATE OF CLOSING OF
EVIDENCE ... punishable U/s.420 of IPC and
Section 4 , 76 of Chit Funds Act.
2. The case of the prosecution in brief is as under
25083/2009
7. Offences complained of :: Ss. 3 & 4 of Chit
Fund Act, 1978
R/w. 420 of IPC
8. Opinion of the Judge ... accused for the offence punishable
under Sections 3 & 4 of Chit Fund Act, 1978 R/w. 420 of
I.P.C.
2. Brief facts
complainant is dealing with the Chit Fund business under the
provisions of Chit Fund Act . The accused became a chit subscriber of
Complainant ... learned Counsel for complainant submits that
Sec.32 of the Chit Fund Act empowered the complainant to claim
consolidated payment for all future subscription
offence under Sections 3,4 & 5 of
Inami Chit Fund Act as well as under Section 58 of the RBI Act.
-2-
Charges were
Chit Fund Act , by the Inspector of Police, E.O.W-II, Villupuram. The allegation in the complaint is that the petitioner has cheated
Instruments Act.
3. The brief facts of the complainant's case are as under:
The complainant is a Company, registered under
Companies Act , having ... Bangalore, complainant is in the
business of promoting and conducting chits under Chit
Funds Act represented by its Foremans and Branch
Managers, accused
Prize Chits and Money Circulations
Scheme (Banning) Act, 1978 and Section 76 , 79 of Chits Funds Act,
1982, alleging that prior to 2011, the accused ... Price Chits and Money
Circulation Scheme Banning Act, 1978 and Sec. 76 , 79 Chit
Fund Act, 1982. Which offences are local offences as
contemplated
engaged in business of promoting and conducting chits as
per provisions of the Chit Funds Act 1982. One Smt. Sukanya Parihar
w/o accused subscribed ... Sukanya Parihar, subscriber of the chit issued the
chque in question for payment of chit dues and when the said cheque
was presented for encashment
section 3 / 4 / 7 and 56 Madras Chit Fund
Act 1961 against the petitioners.
2 The brief facts necessary for disposal of the
present petition ... illegal bolli committee/chit fund and dishonestly
induced the complainant and several other persons to invest
money in their committee/chit fund and took huge
