Section 5
Prohibition of invitation for subscriptions except under certain conditions.
About this Act
An Act to provide for the regulation of chit funds and for matters connected therewith.
No person shall
issue or cause to be issued any notice, circular, prospectus, proposal or other document inviting the public
to subscribe for tickets in any chit unless such notice, circular, prospectus, proposal or document contains
a statement that the previous sanction required under section 4 has been obtained and the particulars of
such sanction.