Rules state that a "scheme means a money circulation
scheme or as the case may be a prize chit as defined ... money circulation scheme' by shaping its
definition in this form:
133
'money circulation scheme' means any scheme, by
whatever name called
balance being paid to him;
(c) 'money circulation scheme' means any scheme, by whatever name called, for the making of quick or easy ... definition of "Prize Chit" and hit by the provisions of the Prize Chits and Money Circulation Scheme (Banning) Act, 1978 . However
carried on by the petitioners attract the provisions of Prize Chits and Money Circulation Schemes (Banning) Act 1978 (for short ... defines money circulation scheme as:
"money circulation scheme" means any scheme, by whatever name called, for the making of quick or easy money
Section 2(e) of Prize Chits & Money Circulation
Schemes (Banning) Act, "prize chit" includes any transaction or
arrangement by whatever name called ... definition which reeks
of simplicity, it runs like this: Prize chit includes a scheme by which a
person in whatever name collects moneys from individuals
Sections 3 ,
4 , 5 and 6 of the Prize Chits and Money Circulation
Schemes (Banning) Act, 1978 r/w. Section-3 of the
Gujarat Protection ... Sections 3 , 4 , 5 and 6 of the
Prize Chits and Money Circulation Schemes (Banning)
Page 2 of 42
R/SCR.A/212/2018 JUDGMENT
Code and under
Sections 3 , 5 and 6 of Prize Chits and Money Circulation Schemes
(Banning) Act, 1978 and Section 3 of Maharashtra Protection ... Sanchaita Investments is on Sections 3 and 4 of
Prize Chits and Money Circulation Schemes (Banning) Act, 1978. He
further relied on para
read with Sections 4 , 5 and 6 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978, Section 15 of Indian Medical Council ... Money Circulation Scheme which is banned under the Prize Chits and Money Circulation Schemes (Banning) Act, 1978 (Central Act 43/1978) and the case does
Code and under
Sections 3 , 5 and 6 of Prize Chits and Money Circulation Schemes
(Banning) Act, 1978 and Section 3 of Maharashtra Protection ... Sanchaita Investments is on Sections 3 and 4 of
Prize Chits and Money Circulation Schemes (Banning) Act, 1978. He
further relied on para
Code and under
Sections 3 , 5 and 6 of Prize Chits and Money Circulation Schemes
(Banning) Act, 1978 and Section 3 of Maharashtra Protection ... Sanchaita Investments is on Sections 3 and 4 of
Prize Chits and Money Circulation Schemes (Banning) Act, 1978. He
further relied on para
Sections 4 and 5 of the Prize Chits and Money Circulation
Scheme (Banning) Act, 1978 and issuance of process against
2
the petitioners ... Sections 4 and 5 of the Prize Chits and Money Circulation
Scheme (Banning) Act, 1978 (hereinafter called "the Act,
4
1978"). He further
