Search Results Page
Search Results
1 - 10 of 17 (0.29 seconds)Section 3 in The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 [Entire Act]
Section 5 in The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 [Entire Act]
Section 239 in The Code of Criminal Procedure, 1973 [Entire Act]
Section 420 in The Indian Penal Code, 1860 [Entire Act]
Section 240 in The Code of Criminal Procedure, 1973 [Entire Act]
State Of West Bengal & Ors vs Swapan Kumar Guha & Ors on 2 February, 1982
30. It is contended that unless there is reciprocity, there
cannot be any money circulation scheme. In short, the
contention is that any such scheme to be culpable must be a
scheme in which the alleged victim does also have a positive and
dominant role to play in the implementation of the scheme. The
learned senior counsel Sri.M.K. Damodaran contends that in the
scheme in question there is even allegedly no specific
obligation/burden on the shoulders of any unit holder to enrol
any further members/unit holders. The unit holder has no
obligation in the scheme to enrol more members/unit holders.
Such a scheme will not fall within the mischief of Sec.2(c) of the
Act, it is vehemently contended. The following observations in
para-8 of State of West Bengal v. Swapan Kumar Guha
((1982) 1 SCC 561) is relied on with great vehemence by the
learned counsel for the petitioners. I extract the said Para-8
below: