Prize Chits and Money Circulation Scheme (Banning) Act : Banning of prize chit and money circulation

Prize Chits and Money Circulation Scheme (Banning) Act,1978

Act No : 43

Section : Banning of prize chit and money circulation schemes or enrolment asmembers or participation therein.

3. Banning of prize chit and money circulation schemes or enrolment as members or participation therein. No person shall promote or conduct any prize chit or money circulation scheme, or enrol as a member to any such chit or scheme, or 1155. participate in it otherwise, or receive or remit any money in pursuance of such chit or scheme.