Section List

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