Section 3: Banning of prize chits and money circulation schemes or enrolment as members or participation therein

Q: What does Section 3 of The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 (TPCMCSBA) deal with?

Section 3 TPCMCSBA pertains to "Banning of prize chits and money circulation schemes or enrolment as members or participation therein". It is part of the The Prize Chits and Money Circulation Schemes (Banning) Act, 1978, a legislation enacted by the Parliament of India. Section 3 of The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 (TPCMCSBA) governs banning of prize chits and money circulation schemes or enrolment as members or participation therein. As verified on 19 May 2026.

Q: Is Section 3 TPCMCSBA still in force?

Yes, Section 3 of the The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 is currently in force across the Republic of India.

Q: What is धारा 3 TPCMCSBA?

धारा 3 TPCMCSBA is the Devanagari Hindi reference for Section 3 of the The Prize Chits and Money Circulation Schemes (Banning) Act, 1978. Section 3 of The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 (TPCMCSBA) governs banning of prize chits and money circulation schemes or enrolment as members or participation therein. As verified on 19 May 2026.

Q: What is Dhara 3 TPCMCSBA?

Dhara 3 TPCMCSBA is the Roman Hindi reference for Section 3 of the The Prize Chits and Money Circulation Schemes (Banning) Act, 1978. "Dhara" means "Section" in Hindi. Section 3 of The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 (TPCMCSBA) governs banning of prize chits and money circulation schemes or enrolment as members or participation therein. As verified on 19 May 2026.

Q: How to cite Section 3 of The Prize Chits and Money Circulation Schemes (Banning) Act, 1978?

Cite as: "Section 3, The Prize Chits and Money Circulation Schemes (Banning) Act, 1978 (TPCMCSBA)" in legal briefs. For academic writing, use the BlueBook format: The Prize Chits and Money Circulation Schemes (Banning) Act, 1978, § 3 (India).

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Wednesday, 20 May 2026

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Section 3 TPCMCSBA (The Prize Chits and Money Circulation Schemes (Banning) Act, 1978): Banning of prize chits and money circulation schemes or enrolment as members or participation therein | Law on Tips | Law on Tips

Table of Contents

The Prize Chits and Money Circulation Schemes (Banning) Act, 1978

Chapter I — Full Text

Section 3

Banning of prize chits 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.