Supreme Court · 1987 INSC 382 · Decided 17 December 1987
Registrar of Firms, Societies and Chits, Uttar Pradesh v. Secured Investment Company, Lucknow and ANOTHER.
- Court
- Supreme Court of India
- Citation
- 1987 INSC 382 · [1988] 2 S.C.R. 456
- Case number
- CIVIL APPEAL No. 1988/1982
- Decided
- 17 December 1987
- Bench
- B.C. RAY, K. JAGANNATHA SHETTY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution
Headnote
Prize Chits-Prohibited category under section 2(e) of the Prize c Chits and Money Circulation Scheme (Banking) Act, 1978-Prohibi- tion of Participation therein. The respondent, a partnership firm, carried on business termed as a "Scheme for Investment". The Registrar of Firms, Societies holding the view that the investment scheme of the D respondent company fell within the prohibited category of prize chits as defined in section 2( e) of the Prize Chits and Money Circulation Scheme (Banking) Act, 1978, seized all the documents of the company and directed the concerned
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)