The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
Central Act · Act 43 of 197812 provisions79 citing judgments
The enactment
| Long title | An Act to ban the promotion or conduct of prize chits and money circulation schemes and for matters connected therewith or incidental thereto. |
|---|---|
| Type | Act |
| Citation | Act 43 of 1978 |
| Year | 1978 |
| Jurisdiction | Central |
| Ministry | Ministry of Finance |
| Status | In force as published by the source |
| Provisions published | 12 |
| Subjects | financial |
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- Section 2 Definitions.
- Section 3 Banning of prize chits and money circulation schemes or enrolment as members or participation therein.7 citing judgments
- Section 4 Penalty for contravening the provisions of section 3.27 citing judgments
- Section 5 Penalty for other offences in connection with prize chits or money circulation schemes.24 citing judgments
- Section 6 Offences by companies.21 citing judgments
- Section 7 Power to enter, search and seize.
- Section 8 Forfeiture of newspaper and publication containing prize chit or money circulation scheme.
- Section 9 Power to try offences.
- Section 11 Act not to apply to certain prize chits or money circulation schemes.
- Section 12 Transitional provisions.
- Section 13 Power to make rules.
- Section 14 Repeals and saving.
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