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Section 3 – The Prize Chits and Money Circulation Schemes (Banning) Act,1978

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

Section 3. Banning of prize chits and money circulation schemes or enrolment as members or participation therein

No person shall promote or conduct any prize chit or money circulation scheme, or enrol 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.

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

Indian Laws – Bare Acts

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