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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 … be recovered which reads as follows:'71. Money how recovered,-Every order passed by the Registrar or the nominee under Section 68 or Section 69 and every order passed by the State Government in appeal under Section 70 for payment

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

Court : Chennai

Subject : Land Acquisition

may settle the dispute himself, or refer it again for settlement to any other nominee appointed by him." 14.Section 68 of the Chit Funds Act, 1982 is extracted hereunder, "68.Attachment before judgment and other interlocutory orders: (1)Where a … 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.

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

Court : Karnataka

the respondent No.3 may sell the properties mortgaged to it and therefore sought attachment of the properties under Section 68 of the Chit Funds Act, 1982. The ARCS, Bengaluru vide order dated 19.02.2016, ordered attachment of both the … 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

Sri T Lakshmana vs M/S Sri Nanjundeshwara Chits (P) Ltd.,

Court : Karnataka

No.261/2005, it is bring notice the decision rendered by Hon'ble High Court of Karnataka, the lordship held that"Chit Funds Act, 1982 Sections 68, 69, 71, 71(a) Civil Procedure Code, 1908 (CPC) Sections39, 42, Order 21 Rule 10 Purposes of … contended before the execution petition that a decree passed by the Deputy Registrar of Cooperative Societies under the Chit Funds Act cannot be executed by the Civil Court.4. An application was also filed in that regard under Section 151

P.J.Prabaharan vs M/S.Margadarsi Chits Private Ltd

Court : Chennai

of 3 years and in this connection, he would rely on the bar under Section 71(b) of the Chit Funds Act, 1982. Secondly, he would contend that the decree holder had filed an earlier EP and he has suppressed the … extracted hereunder for easy reference: “71. Money how recovered.- Every order passed by theRegistrar or the nominee under section 68 or section 69 and every orderpassed by the State Government in appeal under section 70 for payment of

Smt. P Prathiba Vs. M/s. Avenue Super Chits (p) Ltd.,

Court : Karnataka

Subject : Land Acquisition

beyond limitation. 1615. The counsel for the appellants brought to notice of this Court Section 71 of the Chit Funds Act, 1982 wherein it is clear that every order passed by the Registrar or the nominee under Section 68 or

B G Narayanswamy vs Mysore Sales International Limited

Court : Karnataka

order by depositing a sum of Rs.6,00,000/-. He further argued that the proceedings under Section 68 of the Chit Funds Act, 1982 as well as proceedings for the offence punishable under Section 138 of the N.I. Act can -3- be

Dharmodayam Company Vs. Union of India (Uoi)

Court : Kerala

Subject : Civil

Acts : Kerala Chitties Act, 1975 - Sections 2(4), 3, 3(1), 3(2), 4, 4(1), 5, 6, 6(3), 11, 12, 13, 14, 15, 17, 18, 19, 21, 22, 23, 24, 25, 26, 29, 34, 35, 39, 40, 42, 43, 55, 56, 59, 60, 67, 72, 89 and 220; Kerala Finance Act, 2002; Chit Funds Act, 1982 - Sections 1(3), 2, 4(1), 7(3), 8, 9(1), 20 and 90; Constitution of India - Articles 14, 19(1), 226, 245 to 255; Companies Act; Finance Act, 2002 - Sections 3(5) and 4; Kerala Chittis (Amendment) Act, 2002

Reported in : AIR2005Ker253; [2005]126CompCas586(Ker); 2005(3)KLT332

view, cannot be read in isolation. The same has to be read along with Section 1(3) of the Chit Funds Act, 1982. Section 1(3) of the Act states that the Chit Funds Act, 1982 shall come into force on such date … Ltd. and Anr. v. Union of India and Ors., 2004 (3) KLT (SC)(SN) 111 : (2004) 7 SCC 68, counsel contended that if any provision of law made by the Legislature of the State is repugnant to

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

Highland Holiday Homes (P.) Ltd. Vs. Securities and Exchange Board of

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

Subject : Land Acquisition

within the meaning of Chit business as defined in clause (d) of Section 2 of the Chit Fund Act, 1982 (40 of 1982); (viii) under which contributions made are in the nature of subscription to a mutual fund; … criminal cases against you for apparent offences of fraud, cheating, criminal breach of trust and mis-appropriation of public funds. 4. Writing to the Department of company affairs to initiate the process of winding up of your company".2. … Order, you have violated the provisions of Regulation 5 read with Regulations 68(1), 68(2), 73 and 74 of the SEBI (Collective Investment Schemes) Regulations, 1999.