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Chit Funds Act, 1982 Complete Act

Title: Chit Funds Act, 1982

State: Central

Year: 1982

.....Section3 - Act to override other laws, memorandum, articles, etc. Chapter II Section4 - Prohibition of chits not sanctioned or registered under the Act Section5 - Prohibition of invitation for subscription except under certain conditions Section6 - Form of chit agreement Section7 - Filing of chit agreement Section8 - Minimum capital requirements for the commencement, etc., of a chit, and creation of a reserve fund, by a company Section9 - Commencement of chit Section10 - Copies of chit agreement to be given to subscribers Section11 - Use of the words "chit", "chit fund", " chitty or "kuri" Section12 - Prohibition of transacting business other than chit business by a company Section13 - Aggregate amount of chits Section14 - Utilisation of funds Section15 - Alteration of chit agreement Section16 - Date, time and place of conducting chits Section17 - Minutes of proceedings Section18 - Copies of minutes to be filed with Registrar Section19 - Restriction on opening of new place of business Chapter III Section20 - Security to be given by foreman Section21 - Rights of foreman Section22 - Duties of foreman Section23 - Books, records, etc., to be kept by foreman .....

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Prize Chits and Money Circulation Schemes Banning Act 1978 Complete Act

Title: Prize Chits and Money Circulation Schemes Banning Act 1978

State: Central

Year: 1978

Preamble1 - PRIZE CHITS AND MONEY CIRCULATION SCHEMES BANNING ACT 1978 Section1 - Short title and extent Section2 - Definitions Section3 - Banning of prize chits and money circulation schemes or enrolment as members or participation therein Section4 - Penalty for contravening the provisions of section 3 Section5 - Penalty for other offences in connection with prize chits or money circulation schemes Section6 - Offences by companies Section7 - Power to enter, search and seize Section8 - Forfeiture of newspaper and publication containing prize chit or money circulation scheme Section9 - Power to try offences Section10 - Offences under this Act to be cognizable Section11 - Act not to apply to certain prize chits or money circulation schemes Section12 - Transitional provisions Section13 - Power to make rules Section14 - Repeals and saving

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Chit Funds (Amendment) Act, 2001 Complete Act

Title: Chit Funds (Amendment) Act, 2001

State: Central

Year: 2001

Preamble1 - THE CHIT FUNDS (AMENDMENT) ACT, 2001 Section1 - Short title and Commencement Section2 - Amendment of section 6 Section3 - Amendment of section 13 Section4 - Amendment of section 20

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General Insurance Business (Nationalisation) Act,1972 Complete Act

Title: General Insurance Business (Nationalisation) Act,1972

State: Central

Year: 1972

.....of acquiring company to seek relief in respect of certain transactions Section29 - Duty to deliver possession of property and documents relating thereto Section30 - Penalty for withholding property etc. Section31 - Officers and employees of Corporation or of acquiring companies to be public servants Section32 - Indemnity Section33 - Dissolution of Corporation and acquiring companies Section34 - Reference to existing insurer in other laws Section35 - Application of Insurance Act Section35A - [Omitted] Section36 - Exemptions Section37 - Vacancies, etc., not to invalidate proceedings Section38 - Protection of action taken in good faith Section39 - Power to make rules Section40 - Omission of section 14 of Act 17 of 1971 [Replealed] Schedule1 - THE SCHEDULE Amending Act1 - GENERAL INSURANCE BUSINESS (NATIONALISATION) AMENDMENT ACT, 2002

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Insurance Laws (Transfer of Business and Emergency Provision) Repeal Act, 2001 Complete Act

Title: Insurance Laws (Transfer of Business and Emergency Provision) Repeal Act, 2001

State: Central

Year: 2001

Preamble1 - INSURANCE LAWS (TRANSFER OF BUSINESS AND EMERGENCY PROVISION) REPEAL ACT, 2001 Section1 - Short title Section2 - Repeal of Act 62 of 1950 Section3 - Repeal of Act 9 of 1956 Section4 - Repeal of Act 17 of 1971

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General Insurance Business (Nationalisation) Amendment Act, 2002 Complete Act

Title: General Insurance Business (Nationalisation) Amendment Act, 2002

State: Central

Year: 2002

Preamble1 - GENERAL INSURANCE BUSINESS (NATIONALISATION) AMENDMENT ACT, 2002 Section1 - Short title and commencement Section2 - Amendment of section 9 Section3 - Insertion of new section 10A Section4 - Amendment of section 18 Section5 - Amendment of section 19 Section6 - Amendment of section 22 Section7 - Amendment of section 24A Section8 - Amendment of section 39

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Karnataka Public Service Commission (Conduct of Business and Additional Functions) Act, 1959 Complete Act

Title: Karnataka Public Service Commission (Conduct of Business and Additional Functions) Act, 1959

State: Karnataka

Year: 1959

Preamble 1 - KARNATAKA PUBLIC SERVICE COMMISSION (CONDUCT OF BUSINESS AND ADDITIONAL FUNCTIONS) ACT, 1959 Chapter I Section 1 - Short title and commencement Section 2 - Definition Chapter II Section 3 - Procedure for performance of functions of the Commission Section 4 - Decision of questions Section 5 - Agenda for meetings Section 6 - Decision by majority of votes Section 7 - Procedure during absence of Chairman Section 8 - Vacancy, etc., not to invalidate proceedings Section 9 - Quorum Section 10 - Recording of decisions Section 11 - Communications to be signed 1[by the Secretary or the Assistant Secretary] Section 12 - Deputation of Members Section 13 - Interviews Section 14 - Action in urgent cases Section 15 - Procedure in other cases Chapter III Section 16 - Conduct of Service Examinations Section 17 - Functions in respect of services of local authorities Section 17A - 17A. Commission to furnish returns, etc., to Government Section 18 - Rules

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Chit Funds Act, 1982 Chapter II

Title: Registration of Chits, Commencement and Conduct of Chit Business

State: Central

Year: 1982

.....payment of fees or the filing of any statement or record required to be paid or filed under this Act or had violated any of the provisions of this Act or the rules made thereunder; or (c) had been convicted of any offence involving moral turpitude and sentenced to imprisonment for any such offence unless a period of five years has elapsed since his release: Provided that before refusing any such sanction, the foreman shall be given a reasonable opportunity of being heard. (4) The order of the State Government, and, subject to the provisions of sub­ section (5), the order of the officer empowered under sub-section (1), issuing or refusing previous sanction under this section shall be final. (5) Any person aggrieved by the refusal to issue previous sanction by any officer empowered under sub-section (1) may appeal to the State Government within thirty days of the date of communication to him of such refusal and the decision of that Government on such appeal shall be final. Section 5 - Prohibition of invitation for subscription except under certain conditions No person shall issue or cause to be issued any notice, circular, prospectus, proposal or other document.....

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Chit Funds Act, 1982 Complete Act

State: Central

Year: 1982

..... (a) that the security offered by the foreman under section 20 is insufficient; (b) that the foreman had been convicted of any offence under this Act or under any other Act regulating chit business and sentenced to imprisonment for any such offence; (c) that the foreman had defaulted in the payment of fees or the filing of any statement or record required to be paid or filed under this Act or had violated any of the provisions of this Act or the rules made thereunder; (d) that the foreman had been convicted of any offence involving moral turpitude and sentenced to imprisonment for any such offence unless a period of five years has elapsed since his release: Provided further that before refusing to register a chit under the first proviso, the foreman shall be given a reasonable opportunity of being heard. (3) Every endorsement made under sub-section (2) shall be conclusive evidence that the chit is duly registered under this Act and the registration of a chit shall lapse if the declaration by the foreman under sub-section (1) of section 9-is not filed within three months from the date of such endorsement or within such further period or periods not exceeding three months in.....

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Chit Funds Act, 1982 Section 19

Title: Restriction on Opening of New Place of Business

State: Central

Year: 1982

.....his registered office or, as the case may be, the place or the principal place of business is situated. (2) Before granting approval under sub-section (1), the Registrar shall consult the Registrar of that State within whose territorial jurisdiction the new place of business is proposed to be opened and shall also keep in view the financialcondition and methods of operation of the foreman, the extent to which public interest will be served by the opening of the new place of business and such other matters as may be prescribed. (3) Where a person carrying on chit business opens a new place of business in a State other than the State (hereinafter referred to as the State of origin) in which his registered office or the place or the principal place of his business is situated, the Registrar of the State in which such new place of business is opened may also exercise and perform any of the powers and functions which the Registrar of the State of origin may exercise and perform in respect of the chit business carried on at such new place of business. (4) For the purposes of this section, "place of business" shall include any branch office, sub-office, or any place of.....

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