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Dharmodayam Company Vs. Union of India (Uoi)

Court : Kerala

Subject : Civil

Acts : Kerala Chitties Act, 1975 - Sections 2(4), 3, 3(1), 3(2), 4, 4(1), 5, 6, 6(3), 11, 12, 13, 14, 15, 17, 18, 19, 21, 22, 23, 24, 25, 26, 29, 34, 35, 39, 40, 42, 43, 55, 56, 59, 60, 67, 72, 89 and 220; Kerala Finance Act, 2002; Chit Funds Act, 1982 - Sections 1(3), 2, 4(1), 7(3), 8, 9(1), 20 and 90; Constitution of India - Articles 14, 19(1), 226, 245 to 255; Companies Act; Finance Act, 2002 - Sections 3(5) and 4; Kerala Chittis (Amendment) Act, 2002

Reported in : AIR2005Ker253; [2005]126CompCas586(Ker); 2005(3)KLT332

view, cannot be read in isolation. The same has to be read along with Section 1(3) of the Chit Funds Act, 1982. Section 1(3) of the Act states that the Chit Funds Act, 1982 shall come into force on such date … provisions of the Act will not be applicable, but a license has to be taken. Sections 6 to 11 deal with the particulars relating the Variola and filing it with the Registrar and endorsement thereof etc. Section

S. Venkatachalam Vs. Secretary to Government of Tamil Nadu and Others

Court : Chennai

Subject : Company

Acts : Limitation Act, 1963 - Sections 12 and 12(2); Chit Funds Act, 1982; Chit Funds Rules, 1984

Reported in : [1999]95CompCas589(Mad)

against the award of the Deputy Registrar of Chits, an appeal is provided under section 70 of the Chit Funds Act, 1982, before the State Government. The petitioner presented the appeal on August 31, 1995. According to the petitioner, the … advocate contends that the order passed by the first respondent is valid and no interference is called for. 11. Chapter XII-Disputes and arbitration provides the machinery for adjudication of disputes between the subscriber of a chit and

The D.C.i.T. Vs. Mangal Dayak Chit Fund (P) Ltd.

Court : Income Tax Appellate Tribunal ITAT Hyderabad

Subject : Direct Taxation

Reported in : (2005)92ITD258(Hyd.)

of the case are as follows.3.2 All these assessees are Chit Fund Companies. They are governed by the Chit Funds Act 1982 and the A.P. Chit Funds Act 1971 and the Rules formed there under. The assessees have filed their … matter before us.3.1 The sole issue arising for adjudication in these appeals is whether the penalty levied under Section 271 B by the Assessing Officer, in the case of a Chit Fund Company; on the ground that … by the Bombay High Court in regard to the circular under Section 119 of the Act and further it did not dwell on the applicability

Kathirvelu Vs. Anbazhagan

Court : Chennai

Subject : Civil

Acts : Chit Funds Act, 1982 - Sections 12; Negotiable Instruments Act, 1881 - Sections 118; Evidence Act; Tamil Nadu Money-Lenders Act, 1957 - Sections 3(1) and 9

Reported in : (2008)5MLJ39

note to the appellant as security for prompt payment of future subscriptions. 19. As per Section 12 of Chit Funds Act, 1982, there is prohibition of transacting business other than chit business by a company carrying on chit business without … marked as Ex.B.5, it has been averred that the respondent had borrowed a sum of Rs. 7,500/- on 11.03.1991 from the appellant and executed a promissory note to repay the same with interest, but in the evidence,

All Kerala Chitty Foremen'S Association vs the Union of India,

Court : Kerala

Respondents 7 to 13 and other Co-operative Societies satisfy the definition of 'chit' as understood in the Chit Fund Act, 1982 (Act 40 of 1982);(ii) issue a writ of mandamus or any other appropriatewrit or order restraining … 7 to 13 and other Co-operative Societies satisfy the definition of 'chit' as understood in the Chit Fund Act, 1982 (Act 40 of 1982);(ii) issue a writ of mandamus or any other appropriatewrit or order restraining Respondents 7 … order or direction directing Respondents 1 to 4 to initiate action under Section 76 of the Act against Respondents 7 to 13 and other Co-operative … COURT OF KERALA AT ERNAKULAMPRESENT THE HONOURABLE MR. JUSTICE P.V.KUNHIKRISHNAN WEDNESDAY, THE 11TH DAY OF JANUARY 2023 / 21ST POUSHA, 1944 WP(C) NO. 19687 OF

Delhi Chit Fund Association Vs. Union of India and anr.

Court : Delhi

Subject : Service Tax

the chit fund also participating as a subscriber.7. The business of chit funds is strictly regulated by the Chit Funds Act, 1982. It contains detailed provisions relating to registration of chits, commencement and conduct of chit business. Rights and duties … of subscribers, provisions relating to winding up, disputes and arbitration and other miscellaneous provisions. Suffice to note that section 11 recognises that a chit business can be known by several names such as chit, chit fund, chitty, kuri,

Vijayapuram Chit Fund Vs. M.M. Farook and anr.

Court : Chennai

Subject : CommercialCivil

Acts : Chit Funds Act, 1982 - Sections 33(1)

Reported in : AIR2002Mad273

the appellant on the ground that the suit is not maintainable in view of Section 4 of the Chit Funds Act, 1982. Further the appellant did not issue any notice demanding the money and hence the suit is liable to … the successful prized subscriber. He executed a pronote for the balance of Rs. 9,000/- on 29-4-1985. Thereafter till 11-9-1987 the first respondent paid a sum of Rs. 3,600/- and failed to pay the subscription arrears subsequently. Hence

Smt. Leela M Vs. M/s Sree Gokulam Chit & Finance Co P Ltd

Court : Karnataka

Subject : Land Acquisition

-8- iv) The alleged chit transactions were contrary to Sections 6, 7, 10, 32 and 33 of the Chit Funds Act, 1982 and Section 25 of the Madras Chit Funds Act, 1961, Rules 64 and 65 of the Chit Funds … the criminal cases out of which these petitions arise are set out in the table below. Crl.P.No.C.C.No.Court1) 6163/2017 11702/2017 XXVII ACMM, Bengaluru (Moodalagiriyappa)2) 6164/2017 11701/2017 " (Jayamma)3) 6165/2017 11699/2017 " (Leela) Crl.P.No.6163/2017 c/w Crl.P.Nos.6164/2017, 6165/2017 -5- 3.

Smt. Jayamma G Vs. M/s Sree Gokulam Chit And Finance Co (p) Ltd

Court : Karnataka

Subject : Land Acquisition

-8- iv) The alleged chit transactions were contrary to Sections 6, 7, 10, 32 and 33 of the Chit Funds Act, 1982 and Section 25 of the Madras Chit Funds Act, 1961, Rules 64 and 65 of the Chit Funds … the criminal cases out of which these petitions arise are set out in the table below. Crl.P.No.C.C.No.Court1) 6163/2017 11702/2017 XXVII ACMM, Bengaluru (Moodalagiriyappa)2) 6164/2017 11701/2017 " (Jayamma)3) 6165/2017 11699/2017 " (Leela) Crl.P.No.6163/2017 c/w Crl.P.Nos.6164/2017, 6165/2017 -5- 3.

Moodalagiriyappa K L Vs. M/s Sree Gokulam Chit And Finance Co (p) Ltd

Court : Karnataka

Subject : Land Acquisition

-8- iv) The alleged chit transactions were contrary to Sections 6, 7, 10, 32 and 33 of the Chit Funds Act, 1982 and Section 25 of the Madras Chit Funds Act, 1961, Rules 64 and 65 of the Chit Funds … the criminal cases out of which these petitions arise are set out in the table below. Crl.P.No.C.C.No.Court1) 6163/2017 11702/2017 XXVII ACMM, Bengaluru (Moodalagiriyappa)2) 6164/2017 11701/2017 " (Jayamma)3) 6165/2017 11699/2017 " (Leela) Crl.P.No.6163/2017 c/w Crl.P.Nos.6164/2017, 6165/2017 -5- 3.