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A.P. Federation of Chit Funds Vs. Union of India (Uoi)

Court : Andhra Pradesh

Subject : Service Tax

Acts : Finance Act, 1994 - Sections 65(12) and 65(105); Andhra Pradesh Chit Funds Act, 1971 - Sections 2 and 6; Finance (Amendment) Act, 2007 - Sections 65; Chit Funds (Amendment) Act, 1982; Reserve Bank of India Act, 1934 - Sections 41(1) and 45I; Constitution of India - Articles 14, 19(1), 226 and 265; Andhra Pradesh Chit Funds Rules

Reported in : 2009[13]STR350

ambit and therefore it was contended that even culling out from the definition of the chit under the Chit Funds Act, 1982, there being an element of finance involved, it attracts cash management and asset management. Further, it has been … asset management. Further, it has been pointed out that as per Section 41(1) of the Reserve Bank of India Act, 1934, chit funds are categorized … the second respondent as being violative of Articles 14, 19(1)(g) and 265 of the Constitution of India and Section 65(12) read with Section 65(105)(zm) of the Finance Act, 1994 and to set aside the same. The case

The Andhra Pradesh Federation of Chit Funds, a Public Society Rep. by ...

Court : Andhra Pradesh

Subject : Service TaxBanking

Acts : Constitution of India - Articles 14, 19(1), 226 and 265; Finance Act, 1994 - Sections 6, 65, 65(12) and 65(105); Andhra Pradesh Chit Funds Act, 1971; Finance (Amendment) Act, 2007 - Sections 65; Chit Funds (Amendment) Act, 1982 - Sections 2; Reserve Bank of India Act, 1934 - Sections 41(I) and 45I; Andhra Pradesh Chit Funds Rules

Reported in : (2008)220CTR(AP)28; (2008)17VST128(AP)

ambit and therefore it was contended that even culling out from the definition of the chit under the Chit Funds Act, 1982, there being an element of finance involved, it attracts cash management and asset management. Further, it has been … asset management. Further, it has been pointed out that as per Section 41(1) of the Reserve Bank of India Act, 1934, chit funds are categorized … the second respondent as being violative of Article 14, 19(1)(g) and 265 of the Constitution of India and Section 65(12) read with Section 65(105)(zm) of the Finance Act, 1994 and to set aside the same. The case

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

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

State Bank of India Vs. V. Ramakrishnan

Court : Supreme Court of India

Subject : Land Acquisition

tests enumerated hereinabove, we hold that the Kerala Chitties Act, 1975 became void on the making of the Chit Funds Act, 1982 on 19-8-1982, [when it received the assent of the President and got published in the Official Gazette]. as … are accordingly allowed. New Delhi; August 14, 2018. ……………………………..J.(R.F. Nariman) ……………………………..J.(Indu Malhotra) 41 … & ANR. … RESPONDENTS WITH CIVIL APPEAL No.4553 OF2018JUDGMENT R.F. NARIMAN, J.1. The present appeals revolve around whether Section 14 of the Insolvency and Bankruptcy Code, 2016, which provides for a moratorium for the limited period mentioned

State of Uttaranchal Vs. M/S. Kumaon Stone Crusher

Court : Supreme Court of India

Subject : Right to Information

of the Constitution, List III Entry 7 pertains to contracts including special forms of contracts. The Parliament enactment, Chit Funds Act, 1982 and State legislature Kerala Chitties Act, 1975, the subject being under concurrent list, in paragraph 27, the Court … Pradesh, State of Uttarakhand and State of Madhya Pradesh is in question. 3. In exercise of power under Section 41 of Indian Forest Act , 1927 (hereinafter referred to as “1927 Act) rules have been framed by different

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 … opponents in the above dispute on 15/7/1999 for a sum of Rs. 41,774/- (Rupees Forty one thousand seven hundred seventy four only) along with interest

Shakthipriya vs State Rep.by, the Inspector of Police,

Court : Chennai

of 2021 for the offences punishable under Sections 420 and 406 of IPC read with Section 76(1) of Chit Funds Act, 1982. After completion of investigation, the first respondent filed a final report and the same has been taken cognizance

P.G.F. Ltd. Vs. Union of India (Uoi)

Court : Punjab and Haryana

Subject : Company

Acts : Securities and Exchange Board of India Act, 1992 - Sections 11AA and 11AA(2); Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999 - Regulations 73 and 74; Constitution of India - Articles 226 and 248; Securities Laws (Amendment) Act, 1999

Reported in : [2005]124CompCas201(P& H); (2004)4CompLJ288(P& H); [2004]55SCL165(Punj& Har)

or a mutual benefit society under Section 620A of the Companies Act, 1956;(vii) falling within the meaning of Chit business as defined in Clause (d) of Section 2 of the Chit Fund Act, 1982;(viii) under which contributions … Collective Investment Schemes to file the following information with our offices: a. Terms and conditions of the schemes.b. Funds raised through all the schemes.c. Promises or assurances or assured returns made in the scheme.d. Copies of offer

Vinu Kumar R., vs State of Kerala

Court : Kerala

in Crime No.727/2014 in Crl.M.C.3080/2020, Section 420 r/w Section 34 IPC and Section 11 r/w Section 63 of Chit Funds Act, 1982 in Crime. No.287/2014 in Crl.M.C.3082/2020, and Crime No.45/2014 in Crl.M.C.3085/2020, Section 420 r/w Section 34 IPC and Section … 52 YEARS S/O. THOMAS, THADATHIL VEEDU, PRAYAR KARA, KIDANGOOR P.O., AYARKUNNAM VILLAGE, KOTTAYAM-683 572 4 SRI.SHYJU THOMAS, AGED 41 YEARS S/O. THOMAS, KOIKKAL VEEDU, KIZHAVANKULAM BHAGOM, MATTAKKARA KARA, AYARKUNNAM VILLAGE, KOTTAYAM-686 564 5 SRI.AJI.K., S/O. GOPALAN, PEZHUMPARAMBIL