Supreme Court · 1993 INSC 222 · Decided 13 July 1993
Shriram Chits and Investment (P) LTD. v. Union of India and ORS.
- Court
- Supreme Court of India
- Citation
- 1993 INSC 222 · [1993] SUPP. 1 S.C.R. 54
- Case number
- CIVIL APPEAL No. 448/1989
- Decided
- 13 July 1993
- Bench
- J.S. VERMA, YOGESHWAR DAYAL, N. VENKATACHALA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 19(1)(g); Companies Act
Headnote
CHITS AND INVESTMENT (P) LTD. v. UNION OF INDIA AND ORS. JULY 13, 1993 [J.S. VERMA, YOGESHWAR DAYAL AND N. VENKATACHALA, JJ) Chit Funds Act, 1982 : Sections 2(b ), 2(c), 2(d), 2(e), 2(j) and 6-Constitutionol validity of the Act-Legislative competence of Parliament to enact the Act-Held: C Entry 7 of List III of Schedule VII of the Constitutiorr-Hence Parliament competent to enact the legi.slotion-Chit of agreement-Nature of D E 4(3)(b), 6(3), 9(1), 12, 13, 16(2), 17(1), 20, 21(1)(0), 21(1)(b), 21(1)(c), 25 and 48-Constitutionol validity of-Restrictions on Chit busi­
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