No person shall promote or conduct any prize chit or money circulation scheme, or enroll as a member to any such chit or scheme, or participate in it otherwise, or receive or remit any money in pursuance of such chit or scheme.
Section 3: Banning of prize chits and money circulation schemes or enrolment as members or participation therein.
The Prize Chits and Money Circulation Schemes (Banning) Act, 1978Central Act · Act 43 of 1978
Where this provision sits
| Act | The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 |
|---|---|
| Section | 3 |
| Marginal note | Banning of prize chits and money circulation schemes or enrolment as members or participation therein. |
| Jurisdiction | Central |
| Status | In force as published by the source |
| Judgments citing it | 7 |
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