Act 43 of 1978

The Prize Chits and Money Circulation Schemes (Banning) Act, 1978

An Act to ban the promotion or conduct of prize chits and money circulation schemes and for matters connected therewith or incidental thereto.

  • Ministry of Finance
  • Department of Financial Services
  • Enacted 1978-12-12
  • 14 sections
SectionTitle
1 Short title and extent.Read
2 Definitions.Read
3 Banning of prize chits and money circulation schemes or enrolment as members or participation therein.Read
4 Penalty for contravening the provisions of section 3.Read
5 Penalty for other offences in connection with prize chits or money circulation schemes.Read
6 Offences by companies.Read
7 Power to enter, search and seize.Read
8 Forfeiture of newspaper and publication containing prize chit or money circulation scheme.Read
9 Power to try offences.Read
10 Offences under this Act to be cognizable.Read
11 Act not to apply to certain prize chits or money circulation schemes.Read
12 Transitional provisions.Read
13 Power to make rules.Read
14 Repeals and saving.Read
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