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Section 13: Power to make rules.

The Prize Chits and Money Circulation Schemes (Banning) Act, 1978Central Act · Act 43 of 1978

(1) The State Government may, by notification in the Official Gazette and in consultation with the Reserve Bank, make rules for the purpose of carrying out the provisions of this Act.

(2) In particular and without prejudice to the generality of the foregoing power, such rules may provide for--

(a) the office of the Reserve Bank to whom full information regarding any prize chit or money circulation scheme may be furnished under the first proviso to sub-section (1) of section 12, and the form in which and the period within which such information may be furnished;

(b) the particulars relating to the winding up plan of the business relating to prize chits or money circulation schemes.

[(3) Every rule made under this section shall be laid, as soon as may be after it is made, before the State Legislature.]

Where this provision sits

ActThe Prize Chits and Money Circulation Schemes (Banning) Act, 1978
Section13
Marginal notePower to make rules.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 4 of 1986. . Ins. by Act 4 of 1986, s. 2 and the Schedule (w.e.f. 15-5-1986).

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