Section 5, Chit Funds Act, 1982 [S1S-7AW]

As at 7 September 2026. In force from 18 September 1982.

In Chit Funds Act, 1982 [A10-VJN]. This text from 18 September 1982. 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 5, Chit Funds Act, 1982 [S1S-7AW]. Machine: S1S-7AW.

5. Prohibition of the consignment of goods without licence.—No person shall undertake the consignment of goods except under and in accordance with the conditions of a licence granted under section 6: Provided that nothing in this section shall apply to the consignment of goods undertaken by or on behalf of the Central Government or a State Government.

Defined terms in this text (1)

goods: Section 2, Chit Funds Act, 1982 [S1S776] (In this Act, unless the context otherwise requires,—): "goods" means every kind of movable property other than actionable claims and money, and includes stock and shares, growing crops, grass and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale

goods: 38 more definitions.

Made under this section, or naming it (0)

none

Cited by (1)

Section 17, Chit Funds Act, 1982 [S1S-7P1], 18 September 1982, Band A. "section 5".

Not held (0)

none

Duties published under this section (0)

none