Section 5: Prohibition of invitation for subscription except under certain conditions

Q: What does Section 5 of The Chit Funds Act, 1982 (TCFA) deal with?

Section 5 TCFA pertains to "Prohibition of invitation for subscription except under certain conditions". It is part of the The Chit Funds Act, 1982, a legislation enacted by the Parliament of India. Section 5 of The Chit Funds Act, 1982 (TCFA) prohibits prohibition of invitation for subscription except under certain conditions. As verified on 19 May 2026.

Q: Is Section 5 TCFA still in force?

Yes, Section 5 of the The Chit Funds Act, 1982 is currently in force across the Republic of India.

Q: What is धारा 5 TCFA?

धारा 5 TCFA is the Devanagari Hindi reference for Section 5 of the The Chit Funds Act, 1982. Section 5 of The Chit Funds Act, 1982 (TCFA) prohibits prohibition of invitation for subscription except under certain conditions. As verified on 19 May 2026.

Q: What is Dhara 5 TCFA?

Dhara 5 TCFA is the Roman Hindi reference for Section 5 of the The Chit Funds Act, 1982. "Dhara" means "Section" in Hindi. Section 5 of The Chit Funds Act, 1982 (TCFA) prohibits prohibition of invitation for subscription except under certain conditions. As verified on 19 May 2026.

Q: How to cite Section 5 of The Chit Funds Act, 1982?

Cite as: "Section 5, The Chit Funds Act, 1982 (TCFA)" in legal briefs. For academic writing, use the BlueBook format: The Chit Funds Act, 1982, § 5 (India).

Law on Tips Editorial Board

No person shall issue or cause to be issued any notice, circular, prospectus, proposal or other document inviting the public to subscribe for tickets in any chit unless such notice, circular, prospectus, proposal or document contains a statement that the previous sanction required under section 4 has been obtained and the particulars of such sanction.