The Prize Chits and Money Circulation Schemes (Banning) Act, 1978
Section 3. Banning of prize chits and money circulation schemes or enrolment as members or participation therein.
No person shall promote or conduct any prize chit or money circulation scheme, or enroll as a member to any such chit or scheme, or participate in it otherwise, or receive or remit any money in pursuance of such chit or scheme.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
Cases citing this section
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