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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. … or the person authorised by him when acting under section 46." 19.Rules 52, 53, 54 and 55 of the Chit Funds Rules, 1984 are extracted … 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

The Mayavaram Financial Chit Corporation Ltd. Vs. R. Narayanan and Two ...

Court : Chennai

Subject : Civil

Acts : Chit Funds Act, 1982 - Sections 64 and 85; Code of Civil Procedure (CPC) , 1908 - Sections 9; General Clauses Act, 1897 - Sections 6; Pondicherry Chits Funds Act, 1966

Reported in : 1996(2)CTC170

not maintainable?2. Whether the Court has no jurisdiction to try this suit in view of Section 64 of Chit Funds Act, 1982 and only an arbitration would lie before the Registrar of Arbitration?3. Whether the defendants made number of payments

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 … Civil Judge (Sr. Dn), Mangalore, for recovery of an amount of Rs. 52,016/- from the judgment debtors and sought for attachment of salary of respondents

Javatha Raj, and Sri. S Narendra Vs. M/S. Margadarshi Chits (Karnataka ...

Court : Karnataka

Subject : Constitution

Acts : Chit Funds Act, 1982 - Section 71(1)(a); Industrial Reconstruction Bank of India (IRBI Act) - Section 40; Constitution of India - Article 226, 227

facts are as follows: The Is* respondent-M/s.Margadarshi Chits (Kar) Pvt. Ltd., is a chit company registered under the Chit Funds Act, 1982 (for short (the Act'). The 2nd respondent was a subscriber. He has drawn the chit amount on the … passed against respondents 2 to 6 arid the petitioners on 18.08.2007. The said authority issued a certificate under Section 71 of the Act, entitling the 1st respondent to recover Rs.6,64,286/- with interest at 24% p.a from 16.06.2007

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 … State. VI. Submissions with regard to the judgment of Uttarakhand High Court 52. As noted above both the State of Uttarakhand and State of U.P. … 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

United Hire Purchase and Land Finance (P). Ltd., (In Liqn.) Vs. Shri K ...

Court : Punjab and Haryana

Subject : CompanyLimitation

Acts : Companies Act, 1956 - Sections 446(2), 458A and 468; Limitation Act, 1908 - Schedule - Article 137

Reported in : (1993)105PLR438

1908.11. The point in issue is not res integra. The matter has been considered in Unico Trading & Chit Funds (India) P. Ltd. v. S.H. Lohati,1, (1982) Vol. 52 Company Cases 340, by the Karnataka High Court, wherein … J.1. The present claim petition has been filed under Section 446(2) read with Section 468 of the Companies Act, 1956 (referred to as the Act) by the Official Liquidator of M/s United Hire Purchase & Land Finance

The Commissioner of Income Tax Vs. Sarvanjinik Grah-nirman Samiti Ltd.

Court : Rajasthan

Subject : Direct Taxation

Reported in : 1996(1)WLN569

In this behalf Mr. Bapna relied upon Punjab & Harayana High Court decision in the case of Satlaj Chit Fund & Financers Private Ltd. v. C.I.T. .5. Mr. R.L. Kalia learned counsel for the Respondent, on the … Punjab & Harayana High Court decision in the case of Satlaj Chit Fund & Financers Private Ltd. v. C.I.T. .5. Mr. R.L. Kalia learned counsel … Delhi and Gujarat cases, referred to above. The Rajasthan case CIT v. Raja Narendra was a case under Section 52 of the Act and that is not the issue before us in the instant case. It is therefore,

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 … gave wide publicity to the Bill, invited suggestions, received as many as 529 representations/memoranda from chit companies, Associations, Federations, State Governments, Co-operative Banks, individuals etc., … 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

State Of U.p. . Vs. M/s. Lalta Prasad Vaish And Sons

Court : Supreme Court of India

Subject : Land Acquisition

commencement.18.6 On the facts of the said case, this Court held that on the enactment of the (Central) Chit Funds Act, 1982 on 19.08.1982, intending to occupy the entire field of chits under Entry 7 - List III, the State … an industry which was declared to be a controlled industry under Entry 52 - List I. Since there was no Central legislation occupying the field, … “intoxicating liquors” challenged the constitutional validity of the Act by which the Prohibition Act was amended to include Section 7-A by which the manufacture of liquor came to be prohibited. This was owing to the lack of

Nesar Khan Alias Mangaru Vs. The State of Jharkhand

Court : Jharkhand

Subject : Criminal

Penal 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 … 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 Simariya P.S. Case No. 4 of 2014, corresponding to G.R. No. 52 of 2014, registered for the offence punishable under sections 302, 201/120B and