The Prize Chits and Money Circulation Schemes (Banning) Act
10Offences under this Act to be cognizable
All offences punishable under this Act shall be cognizable.
Download our fully-offline, High speed android app.- Click here
All sections
- 1 Short title and extent
- 2 Definitions
- 3 Banning of prize chits and money circulation schemes or enrolment as members or participation therein
- 4 Penalty for contravening the provisions of section 3
- 5 Penalty for other offences in connection with prize chits or money circulation schemes
- 6 Offences by companies
- 7 Power to enter, search and seize
- 8 Forfeiture of newspaper and publication containing prize chit or money circulation scheme
- 9 Power to try offences
- 10 Offences under this Act to be cognizable
- 11 Act not to apply to certain prize chits or money circulation schemes
- 12 Transitional provisions
- 13 Power to make rules
- 14 Repeals and saving