Bare Act Search Results

Prize Chits and Money Circulation Schemes Banning Act 1978 Section 5

Title: Penalty for Other Offences in Connection with Prize Chits or Money Circulation Schemes

State: Central

Year: 1978

.....scheme; or (iii) any such matter descriptive of, or otherwise relating to the prize chit or money circulation scheme, as is calculated to act as an inducement to persons to participate in that prize chit or money circulation scheme or any other prize chit or money circulation scheme; or (d) brings, or invites any person to send, for the purpose of sale or distribution any ticket, coupon or other document for use in a prize chit or money circulation scheme or any advertisement of such prize chit or, money circulation scheme; or (e) uses any premises, or causes or knowingly permits any premises to be used, for purposes connected with the promotion or conduct of the prize chit or money circulation scheme; or (f) causes or procures or attempts to procure any person to do any of the abovementioned acts, shall be punishable with imprisonment for a term which may extend to two years or with fine which may extend to three thousand rupees, or with both : Provided that in the absence of special and adequate reasons to the contrary to be mentioned in the judgment of the Court, the imprisonment shall not be less than one year and the fine shall not be less than one.....

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

Prize Chits and Money Circulation Schemes Banning Act 1978 Preamble 1

Title: Prize Chits and Money Circulation Schemes Banning Act 1978

State: Central

Year: 1978

THE PRIZE CHITS AND MONEY CIRCULATION SCHEMES (BANNING) ACT, 1978 [Act No. 43 Of 1978] [12th December, 1978] PREAMBLE An Act to ban the promotion or conduct of prize chits and money circulation schemes and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Twenty-ninth Year of the Republic of India as follows :

Prize Chits and Money Circulation Schemes Banning Act 1978 Section 11

Title: Act Not to Apply to Certain Prize Chits or Money Circulation Schemes

State: Central

Year: 1978

.....carry on any business other than the conducting of a prize chit or money circulation scheme whether it is in the nature of a conventional chit or otherwise; or (c) a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949, or a banking institution notified by the Central Government under section 51 of that Act or the State Bank of India constituted under section 3 of the State Bank of India Act, 1955, or a subsidiary bank constituted under section 3 of the State Bank of India (Subsidiary Banks) Act, 1959, or a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, or a Regional Rural Bank established under section 3 of the Regional Rural Banks Act, 1976, or a co-operative bank as defined in clause (bii) of section 2 of the Reserve Bank of India Act, 1934; or (d) any charitable or educational institution notified in this behalf by the State Government, in consultation with the Reserve Bank.

Prize Chits and Money Circulation Schemes Banning Act 1978 Section 3

Title: Banning of Prize Chits and Money Circulation Schemes or Enrolment as Members or Participation Therein

State: Central

Year: 1978

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.

Prize Chits and Money Circulation Schemes Banning Act 1978 Section 8

Title: Forfeiture of Newspaper and Publication Containing Prize Chit or Money Circulation Scheme

State: Central

Year: 1978

Where any newspaper or other publication contains any material connected with any prize chit or money circulation scheme promoted or conducted in contravention of the provisions of this Act or any advertisement in relation thereto, the State Government may, by notification in the Official Gazette, declare every copy of the newspaper and every copy of the publication containing such material or the advertisement to be forfeited to the State Government.

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

State: Central

Year: 1978

.....inferior to that of a Chief Metropolitan Magistrate, or as the case may be. Chief Judicial Magistrate, shall try any offence punishable under this Act. SECTION 10: OFFENCES UNDER THIS ACT TO BE COGNIZABLE All offences punishable under this Act shall be cognizable. SECTION 11: ACT NOT TO APPLY TO CERTAIN PRIZE CHITS OR MONEY CIRCULATION SCHEMES Nothing contained in this Act shall apply to any prize chit or money circulation scheme promoted by- (a) a State Government or any officer or authority on its behalf ; or (b) a company wholly owned by a State Government which does not carry on any business other than the conducting of a prize chit or money circulation scheme whether it is in the nature of a conventional chit or otherwise; or (c) a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949-. or a banking institution notified by the Central Government under section 51-of that Act or the State Bank of India constituted under section 3 of the State Bank of India Act, 1955, or a subsidiary bank constituted under section 3 of the State Bank of India (Subsidiary Banks) Act, 1959, or a corresponding new bank constituted under section 3 of the.....

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

State: Kerala

Year: 1978

PRIZE CHITS AND MONEY CIRCULATION SCHEMES (BANNING) ACT, 1978 PRIZE CHITS AND MONEY CIRCULATION SCHEMES (BANNING) ACT, 1978 An Act to ban the promotion or conduct of prize and money circulation schemes and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Twenty ninth year of the Republic of India as follows:- 1. Short title and extent " (1) This Act may be called the Prize Chits and Money Circulation Schemes (Banning () Act, 1978. (2) It extends to the whole of India except the State of Jammu and Kashmir 2. Definitions: In this Act, unless the context otherwise requires, - (a) Conventional chit means a transaction whether called chit, chit fund, kuri or by any other name by or under which a person responsible for the conduct of the chit enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money (or certain quantity of grain instead) by way of periodical instalments for a definite period and that each such subscriber shall, in his turn as determined by lot or by action or by tender or in such other manner as may be provided for in the chit agreement, be.....

Kudala Sangama Development Board Act, 1994 Section 16

Title: Decisions of the Board by Circulation of Note

State: Karnataka

Year: 1994

(1) The Chairman may direct that any case may, instead of being brought up for discussion at a meeting of the Board, be circulated, amongst the members of the Board for opinion. If all the members unanimously agree for the proposal contained in the note circulated, it shall be deemed to be affirmative decision of the Board and further action taken accordingly. If there is any difference of opinion on any particular subject taken up for the decision of the Board by circulation, the Commissioner shall refer the matter to the State Government, and the decision of the State Government thereon shall be final. (2) In cases which are circulated for opinion under sub-section (1), if any member fails to communicate his opinion to the Commissioner by a date to be specified in the note, it shall be presumed that such member has accepted the proposal contained in the note circulated. (3) The provisions of section 14 shall mutatis mutandis apply to the decisions of the Board by circulation under this section. (4) The contents of the note for circulation under sub-section (1), shall be as may be prescribed.

Prize Chits and Money Circulation Schemes Banning Act 1978 Section 7

Title: Power to Enter, Search and Seize

State: Central

Year: 1978

.....the purposes connected with or conduct of, any prize chit or money circulation scheme in contravention of the provisions of this Act; (b) examine any person having the control of, or employed in connection with any such prize chit or money circulation scheme; (c) order the production of any documents, books or records in the possession or power of any person having the control of, or employed in connection with, any such prize chit or money circulation scheme; and (d) inspect and seize any register, books of accounts, documents or any other literature found in the said premises. (3) All searches under this section shall be made in accordance with the provisions of the Code of Criminal Procedure, 1973.