THE PRIZE CHITS AND MONEY CIRCULATION SCHEMES (BANNING) ACT, 1978

ACT NO. 43 OF 1978 · Enacted [12th December, 1978.] · 14 sections

Section 1.Short title and extent.

Section 2.Definitions.

Section 3.Banning of prize chits and money circulation schemes or enrolment as members or participation therein.

Section 4.Penalty for contravening the provisions of section 3.

Section 5.Penalty for other offences in connection with prize chits or money circulation schemes.

Section 6.Offences by companies.

Section 7.Power to enter, search and seize.

Section 8.Forfeiture of newspaper and publication containing prize chit or money circulation scheme.

Section 9.Power to try offences.

Section 10.Offences under this Act to be cognizable.

Section 11.Act not to apply to certain prize chits or money circulation schemes.

Section 12.Transitional provisions.

Section 13.Power to make rules.

Section 14.Repeals and saving.