In force
The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
14 sections · As amended up to 2026-08
Sections
- 1Short title and extent
- 2Definitions
- 3Banning of prize chits and money circulation schemes or enrolment as members or participation therein
- 4Penalty for contravening the provisions of section 3
- 5Penalty for other offences in connection with prize chits or money circulation schemes
- 6Offences by companies
- 7Power to enter, search and seize
- 8Forfeiture of newspaper and publication containing prize chit or money circulation scheme
- 9Power to try offences
- 10Offences under this Act to be cognizable
- 11Act not to apply to certain prize chits or money circulation schemes
- 12Transitional provisions
- 13Power to make rules
- 14Repeals and saving