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Act1: chit funds act 1982 section 32 · Page 1 of about 130 results (0.049 seconds)

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Jul 13 1993

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

Court : Supreme Court of India

Decided on : Jul-13-1993

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 … Limited Companies incorporated under the Companies Act, 1956 or proprietary or partnership concerns or individual organisers. According to Section 1(3) of the Act is will come into force on such date as the Central Government may by

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Feb 13 2019

Surya Vijayan vs Kerala State Financial Enterprises (Ksfe),

Court : Kerala

Decided on : Feb-13-2019

regarding the recovery proceedings against the petitioner and call for the notice issued under Section 32 of the Chit funds Act 1982. ii. Issue a writ of mandamus, any other writ, or direction , directing the respondent to consider the

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Aug 06 2025

Mysore Sales International Limited vs the Inspector General of Registr ...

Court : Karnataka

Decided on : Aug-06-2025

registered under the Companies Act, 1956 and is authorised to do business in Chit Funds as regulatedunder the Chit Funds Act, 1982. It contends that the respondent No.3 had subscribed to a chit in his name as well as in … contends that it initiated recovery proceedings before the Additional Registrar of Co-operative Societies, -4-Bengaluru in Dispute No.RCS/Chits/1/2014-15 under Section 64 of the Chit Funds Act, 1982. The petitioner apprehended that the respondent No.3 may sell the properties … 72, 75 and 77-that it is presented after the prescribed time;(vii) Sections 32, 33, 40 and 43.-that it is presentedby a person who has no

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Feb 19 2004

Branch Manager, Margadarsi Chit Fund Limited and anr. Vs. District Con ...

Court : Andhra Pradesh

Decided on : Feb-19-2004

Subject : Consumer

Acts : Consumer Protection Act, 1986 - Sections 2(1) and 3(1)

Reported in : AIR2004AP343; 2004(2)ALD645; 2004(2)ALT822; [2005]123CompCas194(AP)

therefore the Consumer Protection Act would not be applicable. The chit funds are managed and organized under the Chit Funds Act, 1982 (49 of 1982). Before appreciating the arguments we have to refer to certain provisions in the Chit Fund … defaulting subscribers. Under Section 31 it is laid down that every prized subscriber shall furnish sufficient security. Under Section 32 a prized subscriber is bound to pay the subscription regularly. The chit fund company can be wound up

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Nov 23 2020

P. Raveendran Pilla vs State of Kerala

Court : Kerala

Decided on : Nov-23-2020

laws, i.e. the Central Legislation such as Prize Chits and Money Circulation Scheme (Banning) Act, 1978 and the Chit Funds Act, 1982 and the legislations enacted by various State Governmentsfound to be unable to address effectively the issuesrelated to 'Unregulated … much weight in the said contention, when there is an express bar under Section 8(2)of the BUDS Act. Section 32 of the Act enables the Designated Court to take cognizance under the said Act without the accused being