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 ... view to the promotion or conduct of any prize chit or money circulation scheme in contravention of the provisions of this Act or in connection
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
firm generated quick and easy money so as to render such
scheme or arrangement a 'money circulation scheme' within
the meaning ... firm generates quick and easy money so as to
render such scheme or arrangement a 'money
circulation scheme' within the meaning
definition of "Prize chit" in Prize
Chits and Money Circulation Scheme (Banning) Act, 1978 are
to be read disjunctively--Phrase ... Money Circula-
tion Schemes (Banning) Act 1978 was enacted "to ban the
promotion or conduct of prize chits and money circulations
schemes
Section 3 in The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
3. Banning of prize chits and money circulation schemes or enrolment ... therein.—
No person shall promote or conduct any prize chit or money circulation scheme, or enrol as a member to any such chit or scheme
money or thing is derived
from the entrance money of the members
of such scheme or periodical
subscriptions;
21. Section 3 bans money circulation
schemes ... quick or easy money is
the provision contained in Section 2
(c) of the Prize Chits and Money
Circulation Schemes (Banning) Act ".
24. Explaining
Section 2 in The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
2. Definitions.—
In this Act, unless the context otherwise requires,— (a) “conventional ... paid to him; (b) “money” includes a cheque, postal order, demand draft, telegraphic transfer or money order; (c) “money circulation scheme” means any scheme
Section 7 in The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
7. Power to enter, search and seize.—
(1) It shall be lawful ... connected with the promotion or conduct of any prize chit or money circulation scheme in contravention of the provisions of this Act; (b) to search
Section 10 in The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
10. Offences under this Act to be cognizable.—
All offences punishable under
