CF Act 5Chapter II · Registration of Chits, Commencement and Conduct of Chit Business
Section 5 · Prohibition of invitation for subscriptions except under certain conditions
Text size — level 1 of 4
No person shall
issue or cause to be issued any notice, circular, prospectus, proposal or other document inviting the public
to subscribe for tickets in any chit unless such notice, circular, prospectus, proposal or document contains
a statement that the previous sanction required under section 4 has been obtained and the particulars of
such sanction.
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