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 8: Forfeiture of newspaper and publication containing prize chit or money circulation scheme.
    Where any newspaper or other publication contains any material connected with any prize chit or money circulation scheme promoted or conducted in contravention of the provisions of his Act or any advertisement in relation thereto, the State Government may, by notification in the Official Gazette, declare every copy of the newspaper and every copy of the publication containing such material or the advertisement to be forfeited to the State Government.
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