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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 … he shall be entitled to appropriate for himself the prize amount.'7. Sections 27 to 29 deal with the transfer of non-prized subscriber's right and the … 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

Sanjiv Kumar Vs. Ramwa Chit Funds (P) Ltd.

Court : Delhi

Subject : Civil

Acts : Code of Civil Procedure (CPC) , 1908 - Sections 114, 115 and 141 - Order 27, Rule 4 - Order 37 - Order 47, Rule 1; Madras Chit Funds Act, 1961 - Sections 1(3), 3 and 64(1); Chit Funds Act, 1982 - Sections 1; General Clauses Act, 1987 - Sections 3(58) and 5; Union Territories (Laws) Act,1950; Constitution of India - Article 239

Reported in : AIR2006Delhi274; 130(2006)DLT170

for the petitioner submitted that chit funds were earlier governed by Madras Chit Funds Act, 1961 and thereafter Chit Funds Act, 1982 (hereinafter referred to as the Act, for short) was passed by the Parliament and notified by publication in … Sanjiv Khanna, J.1. The present revision petition under Section 115 of the Code of Civil Procedure, 1908 (hereinafter referred to as the Code, for short) is directed … costs and future interest.4. Thereafter, the petitioner filed an application under Order XXVII Rule 4 read with Section 141 of the Code for setting aside

Shriram Chits (Bangalore) Ltd. Vs. Sri Panchakshari and anr.

Court : Karnataka

Subject : CompanyCivil

Acts : Chit Funds Act, 1982 - Sections 68, 69, 70, 71 and 71(1); Co-operative Credit Societies Act - Sections 42 and 43; Indian Arbitration Act, 1899; Code of Civil Procedure (CPC) - Sections 31, 34, 38, 39, 42 and 151 - Order 21, Rules 6, 10 and 50

Reported in : ILR2006KAR498; 2006(6)KarLJ652

as follows:The petitioner M/s Shriram Chits (Bangalore) Ltd., Hampankatta Branch, Mangalore is a Chit Company registered under the Chit Funds Act, 1982. The subscriber viz., the principal debtor Sri Shyam Bhandary of Uppinangady was a member of the Chit Fund … to have been submitted to the Joint Registrar of Chits, Mysore Division, Mysore for certification as required under Section 71(a) of the Chit Funds Act, 1982. A certificate dated 10.1.2000 was issued by the Joint Registrar of

Angel's Consultants Pvt. Ltd. and Anr. Vs. Anand Mehta and Co. and Anr ...

Court : Kolkata

Subject : BankingContract

Acts : Bengal Money-Lenders Act, 1940 - Sections 2(13), 8, 13 and 13(3); ;Reserve Bank of India Act, 1934 - Section 45

Reported in : 2005(1)CHN357

Court at pages 251, 252 of the judgment that it will bo noticed from Section 3 of the Chit Funds Act, 1982 that the said section which overrides other laws, memorandum or articles of association or bye-laws or any agreement … without licence, the learned Counsels for the defendants further argued. My attention was drawn in this connection to Section 27 of the said Act. It is pointed out by Mr. Suman Dutt, the learned Counsel for the defendants

National Investigation Agency New Delhi Vs. Owais Amin @ Cherry

Court : Supreme Court of India

Subject : Right to Information

sub-section (2) of section 1, words, 1890. “except the State of Jammu and Kashmir” shall be omitted.7. The Chit Funds Act, 1982. In sub-section (2) of section 1, words, “except the State of Jammu and Kashmir” shall be omitted.8. The … Division Bench of the High Court of Jammu & Kashmir at Jammu in Criminal Appeal (D) No.11/2020 dated 27.04.2021 by which the judgment rendered by the Special Judge, National Investigation Agency (NIA) (3rd Additional Sessions Judge) Jammu,

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 … 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

Nesar Khan Alias Mangaru Vs. The State of Jharkhand

Court : Jharkhand

Subject : Criminal

Prevention of Money Laundering Act, 2002 and section 76/79 of the Chit Fund Act, 1982. It has been submitted by the learned counsel for the … Code, section 70 of the Prevention of Money Laundering Act, 2002 and section 76/79 of the Chit Fund Act, 1982. It has been submitted by the learned counsel for the petitioner that the petitioner was never the Director … of 2015, registered for the offence punishable under sections 396 and 392 of the Indian Penal Code (subsequently section 27 of the Arms Act, further udner section 302, 379, 120B/34 of the Indian Penal Code, under section 17

C. Dhanam Vs. A.M. Srinivasan and ors.

Court : Chennai

Subject : Limitation

Acts : Limitation Act - Schedule - Articles 37 and 113; Tamil Nadu Chit Funds Act, 1961 - Sections 6, 24 25, 25(1) and 25(2); Chit Funds Act, 1982 - Sections 65; Constitution of India

Reported in : AIR2006Mad210; 2006(2)CTC444; [2007(1)JCR463(Mad)]; (2006)2MLJ275

the provisions of the Tamil Nadu Chit Funds Act,1961, since the chit transaction took place in the year 1982, especially before coming into force of the Central Act.14. Before dealing with the view expressed by the Division … Ltd. held that Article 37 of the Limitation Act and Sections 24 and 25 of the Tamil Nadu Chit Funds Act,1961, would apply and, as such, the date of default is the reckoning date. 12. The other Division Bench … Funds Pvt. Ltd. held that Article 37 of the Limitation Act and Sections 24 and 25 of the Tamil Nadu Chit Funds Act,1961, would apply … for payment of amount due under the chits and on and from 27.10.84 and 5.12.84 the dates of repudiation to pay all at Trichy within

State of Kerala and ors. Vs. Ms. Mar Appraem Kuri Co.Ltd. and ors.

Court : Supreme Court of India

Subject : Constitution

Acts : Constitution of India - Article 254(1); Kerala Chitties Act 23 of 1975 - Section 15; Central Chit Funds Act 40 of 1982 - Article 254(1), Section 1(3), 85(a), 90(2); The U.P. Civil Laws (Reforms and Amendment) Act 57 of 1976 ; Code of Civil Procedure (Amendment) Act 104 of 1976 ; Central Act - Section 20; General Clauses Act, 1897 - Section 6 ; Orissa Mining Areas Development Fund Act, 1952

challenged the vires of Section 4(1a) of the 1975 Act as repugnant under Article 254(1) to the Central Chit Funds Act, 1982. Questions to be answered7. Whether making of the law or its commencement brings about repugnancy or inconsistency as … and Purchase) Act, 1953 which empowered the State Government to issue notifications, which were in fact issued on 27.09.1954 and 9.11.1955 regulating supply and purchase of sugarcane.It was inter alia contended that the U.P. Sugarcane (Regulation of

M/S. Oriental Kuries Ltd. Rep. By Its Chairman P. D. Jose Vs. Lissa

Court : Supreme Court of India

Subject : Land Acquisition

v. Mar Appraem Kuri Company Ltd. and Ors.4 The Constitution Bench held that on the enactment of the Chit Funds Act, 1982 which covered the entire field of “chits” under Entry 7 of List III of the Constitution, the Kerala … 3 since the same was started from Mangalore, Karnataka. The Appellant being a trading company, was exempted under Section 13(1)(e) of the Companies Act, 1956 from specifying the States to which the objects would extend in the … Appeals filed by the Respondents vide a common Judgment and Order dated 27.06.1994. The Single Judge held that the Kerala Chitties Act, 1975 does not