benefit of the scheme. The member of the scheme does not contribute towards the cost of the prize but it is distributed at the cost ... fact depending on the manner in which the scheme is worked. The scheme of distribution of prizes in the aforesaid cases was quite different than
concept of
ad hoc basis and prizes are "prize amount"
chits is different. Prize offered in conventional
offered to the holders of lucky ... amount of
maturity the scheme. of instalments till the
maturity of the scheme.
6. These schemes are neither of 6. Conventional chits
2017 ORDER
scheme floated under the name of 'Mayur Pankh Prize
Scheme", the Investigating Agency should forward such FIR/
application along with ... under the scheme
floated under the name of "Mayur Pankh Prize Scheme", I am
of the opinion that the present petition
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
this Company is to open schemes and enroll certain number of members or subscribers to the scheme, Each scheme is also known as a Group ... either for winning a prize or a bonus prize; that there was an element of chance for winning a prize, but thereby there
Center Pvt. Ltd. The Company had
undertaken the business of floating prize
chit schemes. The nature of business in
modern times is sufficiently well known ... premises taken on lease. The business of
the Company of floating prize chit schemes
came to a stand still, the moment it was
ordered
boxes. In plaintiffs submission, the scheme is in the nature of a lottery scheme. I shall outline the lottery scheme hereunder.
4. The plaintiff avers ... policy. It is not merely a matter as to how the prize scheme was actually financed, by cutting into the profits of the company
Center Pvt. Ltd. The Company had
undertaken the business of floating prize
chit schemes. The nature of business in
modern times is sufficiently well known ... premises taken on lease. The business of
the Company of floating prize chit schemes
came to a stand still, the moment it was
ordered
application and submitted that the applicants herein were
running a scheme for a prize called Jay Jalaram Foundation and
Jay Jalaram Mitra Mandal under different ... every month.
Through this prize draw scheme, the accused persons collected a
total of Rs. 2,53,000/-. Subsequently, the accused persons
closed their office
Indian Penal Code, Sections 3 and 5 of the
Prize Chits and Money Circulation Schemes (Banning) Act, 1978 and
Section 3 of the Benami Transactions ... general public in contravention of Section 3 of
the Prize Chits and Money Circulation Schemes (Banning) Act,
1978. It is only at the time
