No person shall issue or cause to be issued any notice, circular, prospectus, proposal or other document inviting the public to subscribe for tickets in any chit unless such notice, circular, prospectus, proposal or document contains a statement that the previous sanction required under section 4 has been obtained and the particulars of such sanction.
Section 5: Prohibition of invitation for subscriptions except under certain conditions.
The Chit Funds Act, 1982Central Act · Act 40 of 1982
Where this provision sits
| Act | The Chit Funds Act, 1982 |
|---|---|
| Section | 5 |
| Marginal note | Prohibition of invitation for subscriptions except under certain conditions. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 1 |
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