read with Sections 3 and 4 of the Prize
Chits and Money Circulation Schemes (Banning) Act, 1978 (for brevity, Act of
1978), at Police Station ... business of company
is against the Prize and Chits and Money Circulation Scheme Act,
1978. The same may be investigated. I therefore request
Jammu and Kashmir" shall be omitted.
81.
The Prize Chits and Money Circulation Scheme (Banning) Act, 1978.
In sub-section (2) of section 1, words
scheme to be Unregulated Deposit Scheme.
- A prize chit or a money circulation scheme banned under the provisions of the Prize Chits and Money Circulation
under sections 3
and 4 of the Prize Chits and Money Circulation Schemes (Banning) Act,
1978 (in short "PCMCS Act") and Section ... making quick or easy money under the plan
of the company. Thus, the said schemes were Money Circulation Schemes
defined under Section 2(C) , banned
scheme or an arrangement regulated by any enactment relating to money lending which is for the time being in force in any State or Union ... scheme or an arrangement by a prize chit or money circulation scheme under section 11 of the Prize Chits and Money Circulation Schemes (Banning
Later on Section 3 / 4 / 5
of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978
(hereinafter referred ... present
revision are reproduced herein under:-
"2(c) "money circulation scheme" means any scheme, by
whatever name called, for the making
Money Circulation Scheme (Banning) Act vs In Re: Sk. Jasim Hossain & Anr on 2 September, 2019
1
02.09.19
Sl. No.293
akd
[ALLOWED ... Penal Code and Sections 4/5/6 of Prize Chit and
Money Circulation Scheme (Banning) Act, 1978. (G.R. Case
Prize Chit & Money Circulation ... vs In Re: Hasibul Haque on 18 January, 2019
1
18.01.19
Sl. No.21
akd
[Adjourned ... Penal Code and Sections 4/6 of
the Prize Chit & Money Circulation Scheme (Banning) Act.
And
In Re: Hasibul Haque
... ... Petitioner
Mr. Sabyasachi Banerjee
Money Circulation Scheme (Banning) Act vs In Re: Sk. Jasim Hossain & Anr on 7 August, 2019
1
07.08.19
Sl. No.156
akd
[Adjourned ... Penal Code and Sections 4/5/6 of Prize Chit and
Money Circulation Scheme (Banning) Act, 1978. (G.R. Case
Crize Chit and Money
Circulation Scheme (Banning)
Act, 1978.
3 C.C.No.4380/2013
Clea of accused No.21 : Cleaded not guilty
Final Order ... them, since they
have introduced their friends to invest money in the
Money Circulation Scheme run by the accused persons
in their company
