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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 … that the drawing of the chitty should be at the time and place mentioned in the variola. Sections 13 and 14 deal with the keeping of the minutes of the proceedings of drawing of chitty and filing

M/S. Shriram Chits and Investment (P.) Ltd. Vs. Union of India and Oth ...

Court : Supreme Court of India

Subject : Commercial

Acts : Chit Funds Act, 1982 - Sections 1(3), 2, 3, 4, 6(3), 9, 12, 13, 16, 17, 20, 21, 25, 48 and 81; Constitution of India - Article 19(1); Companies Act, 1956 - Sections 58A; Prize Chits and Money Circulation Schemes (Banning) Act, 1978; Pondicherry Chit Funds Act, 1966; All-India Chit Fund Act; Reserve Bank of India Act, 1934 - Sections 45I; Andhra Pradesh Chit Funds Act, 1971; Tamil Nadu Chit Funds Act, 1961; Kerala Chitties Act, 1975; Hyderabad Money Lenders Act - Sections 9(2); Banking Regulation Act, 1949; Companies (Acceptance of Deposits) Rules, 1975; Tamil Nadu Chit Funds Rules, 1984 - Rule 62

Reported in : AIR1993SC2063; [1994]79CompCas298(SC); (1994)2CompLJ430(SC); JT1993(4)SC399; 1993(3)SCALE125; 1993Supp(4)SCC226; [1993]Supp1SCR54

Writ Petition Nos.19321/86, 17110/84, etc.2. The above appeals and writ petitions involve challenge to constitutional validity of the Chit Funds Act, 1982 (Central Act No.40 of 1982) (hereinafter called as 'the Act' or 'the impugned Act').3. The various appellants/petitioners are … expenditure and other intangible assets, if any, as disclosed in the said balance sheet.33. The main challenge to Section 13 is in regard to the criteria fixed for chit business for individual firms on the one hand and

Soudambika Finance Pvt. Ltd. Coimbatore and Etc. Etc. Vs. Union of Ind ...

Court : Chennai

Subject : Civil

Acts : Chit Funds Act, 1982 - Sections 4(3), 5, 6(1, 2 and 3), 7(2), 8, 12, 13, 14, 15, 16(2 and 3), 17(2), 18(4 and 5), 19, 20(1), 21, 22(2), 24, 28, 29, 30, 31, 39(2), 48(1), 50, 64, 75, 76, 77 and 79; Constitution of India - Articles 14, 19(1), 245 and 246; Chit Funds (Pondicherry) Rules, 1986; Pondicherry Chit Funds Act, 1966; Chitties Act, 1964; Cochin Kuris Regulations, 1932; Indian Penal Code (IPC), 1860; Reserve Bank of India Act, 1934 - Sections 45-N and 451; Tamil Nadu Chit Fund Rules, 1984 - Rules 4A, 13, 18(4 and 5), 28, 31 and 63; Companies Act, 1956 - Sections 39(2) and 48; Indian Registration Act, 1908

Reported in : AIR1993Mad190; [1995]82CompCas302(Mad)

considered and dealt with in common.2. The above writ petitions involve challenge to the constitutional validity of the Chit Funds Act, 1982 (Central Act 40 of 1982), hereinafter referred to as 'the Act' and the Tamil Nadu Chit Funds Rules, … provided for. Accordingly, a new Cl. 77 was added. These clauses in the Bill correspond to the respective sections in the Act. The other amendments proposed by the Committee are of a clarificatory nature and are only … Act has been brought into force in the State with effect from 13-4-1984. Prior to this, so far as the State of Tamil Nadu is

Margadarsi Chit Funt Pvt. Ltd., Hyderabad Vs. Government of Andhra Pra ...

Court : Andhra Pradesh

Subject : Commercial

Acts : Andhra Pradesh Chit Funds Act, 1971 - Sections 2(2 and 10), 3, 4, 5, 6, 8, 10, 12, 13(1), 14(1, 2 and 4), 21(1), 22(1), 27 to 29, 30, 51, 63, 66 and 90; Andhra Pradesh Chit Fund Rules, 1971 - Rules 3(3, 4 and 16) and 20; The Industries (Development and Regulation) Act, 1951; Taxtile Committee Act, 1963 - Sections 2; Chit Fund Act, 1982; Contracts of Employment Act, 1963; Kerala Agriculturists' Debt Relief Act, 1970 - Sections 4(1, 2 and 5)

Reported in : 1999(5)ALD718; 1999(5)ALT548

the State of Andhra Pradesh. The reports and recommendations of those committees were the basis for enactment of Chit Funds Act, 1982 (Central Act 40 of 1982). The Central Act is a comprehensive piece of Legislation, and the dominant purpose … the said provision does not empower the foreman to levy and collectany excess quantum of amount provided in Section 13(1)(b) of the said Act. Subsection (4) of Section 14 clearly puts an embargo on the foreman not to

Shriram Chits and Investments (P)ltd., T. Nagar Vs. M. Krishnan and Ot ...

Court : Chennai

Subject : CommercialLimitation

Acts : Chit Funds Act, 1982 -- Sections 65; Limitation Act, 1963 -- Sections 5, 12, 14 and 64; Chits Funds Act, 1982 -- Sections 65, 66 and 67; Tamil Nadu Chit Funds Act, 1961

Reported in : AIR2000Mad78; 1999(1)CTC238

instituted proceedings under Section 64 which was presented on 22.7.1991.12. It is to be pointed out that the Chit Funds Act; 1982 (Central Act 40 of 1982) by which The Tamil Nadu Chit Funds Act, 1961 which was in force … was framed by the State Government on 12th april, 1984 and it was published in the Gazette on 13th April, 1984. In the interregnum, the Foreman had filed the suit and consequent to the coming into force

Sri Visalarn Chit Fund Ltd. and anr. Vs. Union of India, New Delhi and ...

Court : Karnataka

Subject : Constitution

Acts : Chit Funds Act, 1982 - Sections 1, 2, 3, 4, 4(1), 4(3), 8, 12, 13, 19, 20, 20(1), 20(3) and 21 to 26; Constitution of India - Articles 14 and 19(I); Banking Regulation Act - Sections 23

Reported in : AIR1989Kant125; ILR1988KAR1518

Bopanna, J.1. Constitutional validity of the Chit Funds Act, 1982 (Act No. 40 of 1982) (in short the Act) is challenged in this batch of writ petitions.2. In … contended, are liable to be struck down as violative of Art. 14 of the Constitution of India; (g) Section 13 imposes a ceiling limit of chits that can be started by a foreman, a firm or other association

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 … -5- 3. The petitioners are being prosecuted in the aforesaid criminal cases for the offence punishable under Section 138 of the Negotiable Instruments Act (for short ‘the N.I. Act’) on the basis of the complaints filed by

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 … -5- 3. The petitioners are being prosecuted in the aforesaid criminal cases for the offence punishable under Section 138 of the Negotiable Instruments Act (for short ‘the N.I. Act’) on the basis of the complaints filed by

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 … -5- 3. The petitioners are being prosecuted in the aforesaid criminal cases for the offence punishable under Section 138 of the Negotiable Instruments Act (for short ‘the N.I. Act’) on the basis of the complaints filed by

Sri Sudeep Srinivas vs State of Karnataka

Court : Karnataka

Protection of Interest of Depositors in Financial Establishments Act, 2004 (‘KPID Act’ for short); Section 76 of the Chit Funds Act, 1982 (‘Chit Funds Act’ for short) and Sections 38, 39 and 41 of the Karnataka Money Lenders Act, 1961 … Reserved on : 03.03.2026Pronounced on : 13.03.2026IN THE HIGH COURT OF KARNATAKA AT BENGALURUDATED THIS THE 13TH DAY OF MARCH, 2026 BEFORE THE HON'BLE MR.