Prize Chits & Money Circulation Schemes (Banning) Act, 1978

This comprehensive edition of the Prize Chits & Money Circulation Schemes (Banning) Act, 1978 is an essential resource on India’s legal framework to prevent illegal money circulation and prize chit schemes. The Act prohibits unregulated and fraudulent financial schemes, prescribing penalties, enforcement procedures, and regulatory oversight by government authorities. The book provides detailed commentary on statutory provisions, offences, compliance obligations, and case law illustrating practical applications. It explains administrative responsibilities, investigation powers of enforcement authorities, and the mechanisms for prosecution of violators. Special focus is given to banning pyramid and Ponzi schemes, protecting investors, and ensuring legal compliance in financial operations. Structured for clarity and practical use, this edition is indispensable for lawyers, regulators, financial auditors, enforcement officers, and students of financial, corporate, or criminal law. Indexed sections, annotated provisions, and actionable guidance make it a definitive resource for understanding, enforcing, and complying with India’s anti-money circulation laws.