The Prize Chits and Money Circulation Schemes (Banning) Act,1978

The Prize Chits and Money Circulation Schemes (Banning) Act,1978

 

CONTENTS

 

Sections

Particulars

 
 
1 Short title and extent
2 Definitions
3 Banning of prize chits and money circulation schemes or enrolment as members or participation therein
4 Penalty for contravening the provisions of section 3
5 Penalty for other offences in connection with prize chits or money circulation schemes
6 Offences by companies
7 Power to enter, search and seize
8 Forfeiture of newspaper and publication containing prize chit or money circulation scheme
9 Power to try offences
10 Offences under this Act to be cognizable
11 Act not to apply to certain prize chits or money circulation schemes
12 Transitional provisions
13 Power to make rules
14 Repeal and saving

 

Indian Laws – Bare Acts

 

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