Bare Act Search Results

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

State: Central

Year: 1978

.....money or thing is derived from the entrance money of the members of such scheme or periodical subscriptions: (d) "prescribed" means prescribed by rules made under this Act: (e) "prize chit" includes any transaction or arrangement by whatever name called under which a person collects whether as a promoter, foreman, agent or in any other capacity, monies in one lump sum or in instalments by way of contributions or subscriptions or by sale of units, certificates or other instruments or in any other manner or as membership fees or admission fees or service charges to or in respect of any savings, mutual benefit, thrift or any other scheme or arrangement by whatever name called, and utilises the monies so collected or any part thereof or the income accruing from investment or other use of such monies for all or any of the following purposes; namely :- (i) giving or awarding periodically or otherwise to a specified number of subscribers as determined by lot, draw or in any other manner, prizes or gifts in cash or in kind, whether or not the recipient of the prize of gift is under a liability to make any further payment in respect of such scheme or arrangement; (ii) refunding to 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.....

Chit Funds Act, 1982 Chapter V

Title: Rights and Duties of Prized Subscribers

State: Central

Year: 1982

.....subscriptions and, if the foreman is a prized subscriber, he shall give security for the due payment of all the future subscriptions to the satisfaction of the Registrar. Section 32 - Prized subscriber to pay subscriptions regularly Every prized subscriber shall pay his subscriptions regularly on the dates and times and at the place mentioned in the chit agreement and, on his failure to do so, he shall be liable to make a consolidated payment of all the future subscriptions forthwith. Section 33 - Foreman to demand future subscriptions by written notice (1) A foreman shall not be entitled to claim a consolidated payment from a defaulting prized subscriber under section 32 unless he makes a demand to that effect in writing. (2) Where a dispute is raised under this Act by a foreman for a consolidated payment of future subscriptions from a defaulting prized subscriber and if the subscriber pays to the foreman on or before the date to which the dispute is posted for hearing the arrears of subscriptions till that date together with the interest thereon at the rate provided for in the chit agreement and the cost of adjudication of the dispute, the Registrar or his nominee.....

Prize Chits and Money Circulation Schemes Banning Act 1978 Section 2

Title: Definitions

State: Central

Year: 1978

.....money or thing is derived from the entrance money of the members of such scheme or periodical subscriptions; (d) "prescribed" means prescribed by rules made under this Act; (e) "prize chit" includes any transaction or arrangement by whatever name called under which a person collects whether as a promoter, foreman, agent or in any other capacity, monies in one lump sum or in instalments by way of contributions or subscriptions or by sale of units, certificates or other instruments or in any other manner or as membership fees or admission fees or service charges to or in respect of any savings, mutual benefit, thrift or any other scheme or arrangement by whatever name called, and utilises the monies so collected or any part thereof or the income accruing from investment or other use of such monies for all or any of the following purposes; namely : (i) giving or awarding periodically or otherwise to a specified number of subscribers as determined by lot, draw or in any other manner, prizes or gifts in cash or in kind, whether or not the recipient of the prize of gift is under a liability to make any further payment in respect of such scheme or arrangement; (ii) refunding to.....

Chit Funds Act, 1982 Section 31

Title: Prized Subscriber to Furnish Security

State: Central

Year: 1982

Every prized subscriber shall, if he has not offered to deduct the amount of all future subscriptions from the prize amount due to him, furnish, and a foreman shall take, sufficient security for the due payment of all future subscriptions and, if the foreman is a prized subscriber, he shall give security for the due payment of all the future subscriptions to the satisfaction of the Registrar.

Naval and Aircraft Prize Act, 1971 Section 4

Title: Jurisdiction of Prize Courts in Prize Cases

State: Central

Year: 1971

.....its nature and condition. (3) Without prejudice to the generality of the powers conferred by sub-section (1) , a Prize Court shall take cognizance of and judicially proceed upon all manners of captures, seizures, prizes and reprisals of all ships, vessels, aircrafts and goods that are captured or seized, and shall hear and determine the same, and in accordance with this Act and rules made thereunder, shall adjudge and condemn all such ships, vessels, aircrafts and goods belonging to any country or State or the nationals, citizens or subjects thereof, as may be captured or seized as prize during a war or as a measure of reprisal during an armed conflict or in the exercise of the right of self-defence. (4) Notwithstanding anything contained in this section, the Prize Court may in respect of any matter for which no provision or insufficient provision is made, by or under this Act, apply the principles of the International Law regulating that matter.

Naval and Aircraft Prize Act, 1971 Section 14

Title: Prize Salvage

State: Central

Year: 1971

.....exceeding one-eighth part of the estimated value of the prize as may be agreed upon between the owner and the Central Government and approved by the order of the Prize Court Provided that where the recapture is made in the circumstances of special difficulty or danger, the Prize Court may if it thinks fit award to the Central Government as prize salvage a larger part than one-eighth but not exceeding in any case one-fourth part of the value of the prize: Provided further that where a ship or aircraft after being so taken is set forth or used by the enemy as a ship-of-war or military aircraft, the aforesaid provision for restitution shall not apply and subject to such compensation to the owner as the Prize Court may determine, the ownership of such ship or aircraft shall vest in the Central Government. (2) Where a ship belonging to any Indian citizen, after being taken as prize, is retaken from the enemy, such ship may, with the consent of the recaptors, prosecute her voyage and it will not be necessary for the Central Government to proceed to adjudication till her return to a port in India. (3) The master or owner of the ship or his agent may, with the consent of the.....

Prize Competitions Act 1955 Section 11

Title: Penalty for Other Offences in Connection with Prize Competitions

State: Central

Year: 1955

.....complete or not) of prize winners in the prize competition; or (iii) any such matter descriptive of, or otherwise relating to, the prize competition as is calculated to act as an inducement to persons to participate in that prize competition or any other prize competition; or (d) brings, or invites any person to send, into the territories to which this Act extends, for the purpose of sale or distribution, any ticket, coupon or other document for use in, or any advertisement of, the prize competition; or (e) sends, or attempts to send, out of the territories to which this Act extends any money or valuable thing received in respect of the sale or distribution of any ticket, coupon or other document for use in the prize competition; or (f) uses any premises, or causes or knowingly permits any premises to be used for purposes connected with the promotion or conduct of the prize competition; or (g) causes or procures or attempts to procure any person to do any of the above-mentioned acts. he shall be punishable with imprisonment for a term which may extend to three months, or with fine which may extend to five hundred rupees, or with both.

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 Competitions Act 1955 Complete Act

Title: Prize Competitions Act 1955

State: Central

Year: 1955

.....any prize competition in contravention of the provisions of sections 4 and 5 Section10 - Penalty for failure to keep and submit accounts Section11 - Penalty for other offences in connection with prize competitions Section12 - Offences by Corporations Section13 - Power of licensing authority to call for and inspect accounts and documents Section14 - Power of entry and search Section15 - Forfeiture of newspapers and publications containing prize competitions Section16 - Appeals Section17 - Licensing authority and other officers to be public servants Section18 - Jurisdiction to try offences Section19 - Protection of action under this Act Section20 - Power to make rules