Amendment status not verified — confirm the current text below against the official source.
(1) Where previous sanction is required by Section 3 for starting and conducting a chitty, no person shall issue or publish any notice, circular, prospectus, proposal or other document inviting the public to subscribe for tickets in any such chitty or containing the terms and conditions of any such chitty unless such notice, circular, prospectus, proposal or other document contains a statement that the previous sanction required by Section 3 has been obtained, together with the particulars of such sanction. [(1)(a) Where a chitty is registered outside the State and twenty per cent or more of the subscribers are persons normally residing in the State, the foreman of the chitty shall open a branch in the State and obtain sanction and registration under the provisions of the Act.] (2) Whoever contravenes the provisions of sub-section (1) shall be punishable with imprisonment for a term which may extend to six months, or with fine which may extend to three hundred rupees, or with both. Inserted by Act 7 of 2002, published in K.G.Ext. No. 1115 dt. 29/07/2002.