Act Number: 43

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

Year: 1978

Enactment Date: 1978-12-12

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

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 1: Short title and extent.
    (1) This Act may be called the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.
     (2) It extends to the whole of India 1***
Notes:
1. The words "except the State of Jammu and Kashmir" omitted by Act 34 of 2019, s. 95 and the Fifth Schedule (w.e.f. 31-10-2019).
Previous Section Next Section
Scroll to Top