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

Court : Karnataka

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 … by the ARCS in theconcerned register under Rule 171 of the Karnataka Registration Rules, which is maintained under Section 51 of the Registration Act, 1908. He contends that under Rule 171 of the Karnataka Registration Rules, a sub-registrar

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 transfer of non-prized subscriber's right and the procedure thereof and the recognition of transfer by the foreman. Section 51 of the Act deals with appointment of Director of Chits, Inspecting Officers, Registrar and Chit Auditors for the

K.Periyasamy Vs. Shriram Chits Tamil Nadu Pvt. Ltd.

Court : Chennai

Subject : Land Acquisition

has repaid the chit amount for about 14 installments. Thereafter, the petitioner has committed default. Hence, under the Chit Funds Act, 1982, the matter has been referred to the Deputy Registrar of Chits. Notice has been issued to the petitioner. … person in course of execution proceedings:- The procedure liad down in rules 51 and 52 shall mutatis mutandis apply for attachment and sale of property … R Being aggrieved by the order made in Ar.O.P.No.20 of 2011 dated 04.08.2012, rejecting an application filed under Section 34 of the Arbitration and Conciliation Act, 1996, to set aside the award passed by Chits Arbitrator Deputy

V. Revathi Vs. the State of A.P, Rep. by Public Prosecu

Court : Andhra Pradesh

Subject : Criminal

Acts : Andhra Pradesh Protection of Depositors of Financial Establishments Act, 1999 - Section 5, 2(b), 2(b), 2(c); Indian Penal Code (IPC), 1860 - Sections 420; Code of Civil Procedure (CPC) , 1908 - Order XXI, Rule 37 and Section 51

chit fund transaction. Though the Andhra Pradesh Chit Funds Act 1971 (In short, the 1971 Act) and the Chit Funds Act 1982 (In short, the 1982 Act) are there for regulation of chit fund transactions, the 1999 Act is again … give protection to the petitioning debtor from arrest in civil execution proceedings under Order XXI, Rule 37 and Section 51 C.P.C and cannot give protection to an offender either from arrest or in criminal proceedings in any criminal

Sree Murugan Financing Corporation Chit Promoters and Financiers and o ...

Court : Chennai

Subject : Constitution

Reported in : (1987)1MLJ204

commensurate with the services extended, and not intended to augment the general 'revenue of the State. Inspite of Chit Funds Act, 1982 (Central Act 40 of 1982) coming into force in so far as Tamil Nadu is concerned on 13.4.1984, … Sathiadev, J.1. Petitioners in these writ petitions conduct chit funds on securing registration under Section 3 of the Tamil Nadu Chit Funds Act, 1961 (T.N. Act 24 of 1961)(hereinafter referred to as the … the Companies Act, 1956 or by a chit auditor appointed under Section 51(2). Merely because a balance sheet is prepared by a Chartered Accountant, it

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

Sri Visalam Chit Fund Ltd. and Others Vs. Union of India and Others

Court : Karnataka

Subject : Company

Acts : Companies Act, 1956 - Sections 451

Reported in : [1990]67CompCas203(Kar)

Bopanna, J.1. The 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. … their working including their methods of operation. Chit funds are `financial institutions' as defined in clause (c) of section 451 of the Reserve Bank of India Act, 1934. Hence, it would be open to the Reserve Bank … rejected by the Supreme Court with the following observations (page 472 of 51 Comp Cas) : 'We may not be taken to mean that every

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 … purpose of filing the appeal under section 70 of the Act on May 12, 1995, in C.A. No. 51 of 1995. The certified copy of the award was made ready and delivered to the petitioner on July

Sri S M Lokesh vs the State of Karnataka

Court : Karnataka

by the respondent No.1 in Crime No.52/2019 for the offences punishable under Sections 4 and 76 of the Chit Funds Act, 1982 and Section 420 of the Indian Penal Code, 1860 (for short, 'IPC').2. The respondent No.2 informed the respondent … BY ITS SPP Location: HIGH COURT OF KARNATAKA, HIGH COURT BENGALURU-560001.OF KARNATAKA2. SMT. SUNANDAW/O YELLAPPA JADI AGED ABOUT 51 YEARS, RESIDING AT NO.284, 6TH CROSS, NAGASANDRA POST BAGALAGUNTE BENGALURU-560073 …RESPONDENTS (BY SRI. M.R.PATIL, HIGH COURT GOVERNMENT PLEADER

Shabeer Shajahan vs State of Kerala

Court : Kerala

Act, it does not mean that the law has not been made. In the present case, the Central Chit Funds Act, 1982 is a law - made. The Chit Funds Bill was passed by both Houses of Parliament and received … Teachers'Education Act, 1993 ('NCTE Act', for short). Under the said Act, National Council for Technical Education, established under Section 3(1), is the W.P.(C).No.23714/2019 5 only authority to prescribe minimum qualification for a person to be employed as … and Another v. S.V.Bratheep (Minor) and Others reported in (2004) 4 SCC 513, wherein it is held as under:“9. Entry 25 of List III and