Advanced Search Results

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

Court : Andhra Pradesh

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 … been mentioned in Section 53. Disputes can be settled by an arbitrator in accordance with Chapter XII. Under Section 73 the Reserve Bank has an advisory role. Penalties are prescribed under Section 76. The chit fund company is

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. … Section 11B of the SEBI Act, 1992 read with Regulations 65 & 73 of SEBI (Collective Investment Schemes) Regulations, 1999 were issued to you as

Guru Teak Investment (Mysore) Vs. Securities and Exchange Board of Ind ...

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

Subject : Service Tax

Reported in : (2005)64SCL403SAT

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; … had mobilized Rs. 52.53 crores during the period 01/04/2000 to 31/03/2004. The respondent holds that this mobilization of funds is in violation of Regulation 69. It is not known on what basis SEBI has made this statement. … Section 11B of the SEBI Act, 1992 read with Regulation 65 and 73 of the SEBI (Collective Investment Scheme) Regulation, 1999 (hereinafter referred to as

Maitreya Services Private Limited Lawrence Trade Centre Co-op Hsg. Soc ...

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; … not offer any exorbitantly high returns to its buyers but an acceptable figure of 12% per annum. The funds raised are not utilized only for development of the alleged schemes but also go towards “ongoing corporate expenses … Sections 11AA and 12(1B) of the SEBI Act alongwith Regulations 3 and 73 of the CIS Regulations being pertinent to the present case have been

Assam Roller Flour Mills Association and ors. Vs. State of Assam and o ...

Court : Guwahati

Subject : Civil

made qua the assent. A passing reference at this stage may also be made of the decision Subodh Chit Fund (P) Limited (Supra), wherein the Apex Court had approved the conclusion of the Madras High Court that … to the contentious issue on quid pro quo and unauthorized creation of funds from the collections and expenses therefrom. According to the petitioners, levy of … In Bihar S.A. Product Marketing Board. v. Shankar Makhana Bhandar (Supra), by the Bihar Agricultural Produce Markets (Validation) Act, 1982, market fee levied, collect or to be levied or collected was sought to be saved from being illegal … The following quotation from Harvard Law Review, Vol. 73, Page 692 was referredto:It is necessary that the … of writ petitions register an identical challenge to the constitutional validity of Section 3D, 3E, Clause (ii) and (iii) of Explanation-1 to Section 21 as

Aryavart Overseas (P.) Ltd. Vs. Kay Aar Biscuits (P.) Ltd.

Court : Delhi

Subject : Civil

Acts : Companies Act, 1956; Arbitration Act, 1940 - Sections 20; Contract Act - Sections 73

Reported in : 166(2010)DLT488

the purchaser to the seller on 16.5.78, Rs. 40,000/- paid to Shir Madan Verma by Aryavart Investment and chit fund Pvt. Ltd., which was subsequently credited in the purchaser's account with the seller on 30.11.78, Rs. 97,000/- … Rs. 40,000/- paid to Shir Madan Verma by Aryavart Investment and chit fund Pvt. Ltd., which was subsequently credited in the purchaser's account with the … partly decreed by the court on 17th February, 1982. The court granted to the plaintiff, damages calculated … for the damages is to give the plaintiff compensation from the damages, loss or injury he has suffered. Section 73 embodies the general rule that the plaintiff is entitled to be placed, so far as money can do … only).2. The plaintiff is a private limited company incorporated under the Companies Act, 1956 and carries on business inter alia of selling and marketing biscuits

B.N. Chikaramane, Deputy Chief Officer, Dept. of Non-banking Companies ...

Court : Mumbai

Subject : Company

Acts : Reserve Bank of India Act, 1934, ss. 45-I(b), 45J, 45K, 58B(5)(a) & 58C

Reported in : 1989(1)BomCR540

3. Accused No 1 is a company doing its business under the name and style 'Arihant Finance and Chit Fund Pvt Ltd.' having its office in Bombay and accused Nos.2 to 12 are the directors of accused … Accused No 1 is a company doing its business under the name and style 'Arihant Finance and Chit Fund Pvt Ltd.' having its office in Bombay and accused Nos.2 to 12 are the directors of accused No. … punishable under sections 58B(5)(a) and 58C of the Reserve Bank of India Act, 1934, for collecting Rs.43,000 by way of deposits by the accused Nos. … No.298/S of 1979, the accused were charged for the offence punishable under sections 58B(5)(a) and 58C of the Reserve Bank of India Act, 1934, for

All Kerala Chitty Foremen'S Association vs the Union of India,

Court : Kerala

Respondents 7 to 13 and other Co-operative Societies satisfy the definition of 'chit' as understood in the Chit Fund Act, 1982 (Act 40 of 1982);(ii) issue a writ of mandamus or any other appropriatewrit or order restraining … 7 to 13 and other Co-operative Societies satisfy the definition of 'chit' as understood in the Chit Fund Act, 1982 (Act 40 of 1982);(ii) issue a writ of mandamus or any other appropriatewrit or order restraining Respondents 7 … THE VARANAD SERVICE CO-OPERATIVE BANK LIMITED NO.1248 VARANAD.P.O., ALAPPUZHA, REPRESENTED BY ITS 73 THE VETTAKKAL SERVICE CO-OPERATIVE BANK LIMITED NO.1812 VETTAKKAL, CHERTHALA, ALAPPUZHA, REPRESENTED BY … order or direction directing Respondents 1 to 4 to initiate action under Section 76 of the Act against Respondents 7 to 13 and other Co-operative

Dept. of Non-banking Companies, Reserve Bank of India and State of Mah ...

Court : Mumbai

Subject : Banking

Acts : Reserve Bank of India Act, 1934 - Sections 45I, 45J, 45K, 45K(4), 58B, 58B(5) and 58C; Code of Criminal Procedure (CrPC) , 1973 - Sections 313

Reported in : [1991]70CompCas231(Bom)

Directions.3. Accused No. 1 is a company doing its business under the name and style 'Arihant Finance and Chit Fund Pvt. Ltd.' having its office in Bombay and accused Nos. 2 to 12 are the directors of … Accused No. 1 is a company doing its business under the name and style 'Arihant Finance and Chit Fund Pvt. Ltd.' having its office in Bombay and accused Nos. 2 to 12 are the directors of accused … punishable under Sections 58B(5)(a) and 58C of the Reserve Bank of India Act, 1934, for collecting Rs. 43,000 by way of deposits by the accused … 298/S of 1979, the accused were charged for the offence punishable under Sections 58B(5)(a) and 58C of the Reserve Bank of India Act, 1934, for

Reserve Bank of India Vs. Peerless General Finance and Investment Co. ...

Court : Supreme Court of India

Subject : Commercial

Reported in : 1987(1)SCALE100; (1987)1SCC424; [1987]2SCR1; 1987(1)LC586(SC); AIR 1987 SC 1023; MANU/SC/0073/1987

which they considered were important Non-Banking Financial Institutions. They were:-1. Hire Purchase Finance Institutions; 2. Investment Companies; 3. Chit Funds/Kuris; 4. Nidhis or Mutual Benefit Funds; and5. Finance Corporations.19. Proceeding to consider Chit Funds and their working, the … The only reason why the appeals are being dismissed is on the wording of Section 2(e) of the Act. A close study of the definition makes the conclusion inescapable that the Peerless scheme does not come within … : [1981]1SCR801 and State of West Bengal v. Swapan Kumar Guha. : 1982CriLJ819 . Any attempt to distinguish the ratio of these two cases for