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Bare acts > Prize Chits and Money Circulation Schemes (Banning) Act, 1978 > Section 3
 
  


 

3. Banning of prize chit 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 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.

 

 

 

 

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