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TypeBare Act JurisdictionCentral Government

Chit Funds Act, 1982 Section 81

Power to compound offences.—

~1 min read
https://sooperkanoon.com/act/442329

Bare act section · Research

About this section

Chit Funds Act, 1982 Section 81 is part of Chit Funds Act, 1982 - Power to compound offences.—. Read the section text below and explore Indian court judgments that cite it.

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Section Text

1) Subject to such conditions as may be prescribed, any officer empowered by the State Government in this behalf may, either before or after the institution of criminal proceedings under this Act, accept from the person who has committed or is reasonably suspected to have 27 committed an offence under this Act, by way of composition of such offence, a sum of money not exceeding such amount as may be prescribed.

(2) Where an offence has been compounded under sub-section (1), the offender, if in custody, shall be discharged and no further proceedings shall be taken against him in respect of such offence.

Frequently asked questions

What does Chit Funds Act, 1982 Section 81 provide?

Section Section 81 of the Chit Funds Act, 1982 (Power to compound offences.—) is reproduced on this page as part of the Chit Funds Act, 1982. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Chit Funds Act, 1982 Section 81?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Chit Funds Act, 1982 Section 81. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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