Bare ActsPrize Chits and Money Circulation (Banning) Act, 1978

Section 3

Banning of prize chits and money circulation scheme or enrolment as members or participation therein.--

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No person shall promote or conduct any prize chit or money circulation scheme, or enrol 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.

Section 3 – Prize Chits and Money Circulation (Banning) Act, 1978 | DailyLaw.ai