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Section 12, Prize Chits and Money Circulation Scheme (Banning) Act, 1978 [S1Q-PW4]

As at 7 September 2026. In force from 11 August 1978.

In Prize Chits and Money Circulation Scheme (Banning) Act, 1978 [A10-S5P]. This text from 11 August 1978. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 12, Prize Chits and Money Circulation Scheme (Banning) Act, 1978 [S1Q-PW4]. Machine: S1Q-PW4.

12. Prohibition of participation in procurement without licence.—No person shall undertake participation in procurement except under and in accordance with the conditions of a licence granted under section 13: Provided that nothing in this section shall apply to participation in procurement undertaken by or on behalf of the Central Government or a State Government.

Defined terms in this text (1)

procurement: Schedule 2, Prize Chits and Money Circulation Scheme (Banning) Act, 1978 [S1QPJR] (In this Act, unless the context otherwise requires,—): "procurement" means the acquisition by purchase, lease, licence or otherwise of goods, works or services

procurement: 19 more definitions.

Made under this section, or naming it (0)

none

Cited by (0)

none

Not held (0)

none

Duties published under this section (0)

none

Section 12, Prize Chits and Money Circulation Scheme (Banning) Act, 1978 [S1Q-PW4]