Check Your Daily Lottery Result of Nagaland state (1)

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REGULATION OF LOTTERIES AND PRIZE CHITS IN
TAMIL NADU

• For Lottery Result Visit -
• www.lotteryindia.in

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INTRODUCTION

• In Indian law any contract entered into by
  speaking or in writing by way of wagering or
  gaming are held to be null and void.
• Gambling is highly frowned upon in many parts of
  India and that means that the lottery laws are
  very strict.
• Lottery is outlawed by some governments, while
  others endorse it to the extent of organizing a
  national or state lottery. It is common to find
  some degree of regulation of lottery by
  governments.

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Lotteries and Prize Chits

• Running of Lotteries and promoting Prize Chit
  Schemes were adjudicated by the Courts under two
  enactments
• Section 30 of the Indian Contracts Act which says
  Agreements by way of wager are void.
• Section 294 A of the Indian Penal Code which says
  running a lottery house is an offence.

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Acts and Rules

• The Lotteries and Prize chits are governed and
  regulated by the following acts
• The Lotteries (Regulations) Act, 1998
• The Prize Chits and Money Circulation Schemes
  (Banning) Act 1978
• The Prize Chits and Money Circulation Schemes
  (Banning) Tamil Nadu Rules, 1980
• The Prize Competition Act, 1955
• The Tamil Nadu Prize Schemes (Prohibition) Act,
  1979
• The Tamil Nadu Lottery (Regulations) Rules, 2002

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LOTTERIES

• The Lotteries (Regulation) Act, 1998 defines-
• LOTTERY
• A scheme, in whatever form and by whatever name
  called, for distribution of prizes by lot or
  chance to those persons participating in the
  chances of a prize by purchasing tickets.
• BUMPER LOTTERY
• A special draw of lottery conducted on or during
  any festival or other special occasion wherein
  the prize money offered is greater than the prize
  money offered in the case of other ordinary
  draw of lotteries.

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CONDITIONS

• Section 4 in The Lotteries (Regulation) Act, 1998
• Conditions subject to which lotteries may be
  organized, etc.-
• A State Government may organize, conduct or
  promote a lottery, subject to the following
  conditions, namely-
• a).prizes shall not be offered on any pre-
  announced number or on the basis of a single
  digit
• b).the State Government shall print the lottery
  tickets bearing the imprint and log of the State
  in such manner that the authenticity of the
  lottery ticket is ensured

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Contd..
c) the State Government shall sell the tickets
either itself or through distributors or selling
agents. d) the proceeds of the sale of lottery
tickets shall be credited into the public
account of the State e) the State Government
itself shall conduct the draws of all the
lotteries. f) the prize money unclaimed within
such time as may be prescribed by the State
Government or not otherwise distributed, shall
become the property of that Government. g) the
place of draw shall be located within the State
concerned.
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Contd..

• h) no lottery shall have more than one draw in a
  week
• i) the draws of all kinds of lotteries shall be
  conducted between such period of the day as may
  be prescribed by the State Government
• j) the number of bumper draws of a lottery shall
  not be more than six in a calendar year
• k) such other conditions as may be prescribed by
  the Central Government.

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OFFENCES

• The Act bans Prohibition of Sale of tickets and
  Prohibition of Organisation of Lotteries.
• The Offences under this section shall be
  cognizable and non bailable.

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The Tamil Nadu Lottery (Regulation) Rules, 2002

• Under Section 12 of the Act,the State of Tamil
  Nadu framed the Tamil Nadu State Lotteries
  (Regulation) Rules, 2002 and the Tamil Nadu State
  On-Line Lottery (Regulation) Rules, 2002.
• The Tamil Nadu Government banned the sale of
  lottery tickets in Tamil Nadu.

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PRIZE CHIT

• Prize Chit
• A form of lottery
• any transaction in which a person collects money
  in a lump sum or installments by way of
  subscription or in any other manner.
• In return, it gives, periodically, a specified
  number of prizes or refund of subscription.
• Several prize chit schemes run by jewellery shops
  come under this category.

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The Prize Chits and Money Circulation Schemes
(Banning) (Tamil Nadu) Rules 1980

• The penalty for promoting or conducting such
  schemes or prize chits or participating is
  imprisonment for a term up to three years.
• Anyone who prints, sells, distributes or
  advertises tickets or coupons for such schemes
  is punishable with imprisonment up to two years.
• except the chits registered with Registrar of
  Chits and schemes runby Non-Banking Finance Compan
  ies registered with Reserve Bank of India, all
  are illegal.
• Section 4 provides that who ever contravenes the
  provision of Section 3 shall be punished for
  rigorous imprisonment which may extend upto 3
  years.
• Provided such rigorous imprisonment shall not be
  less than 3 months.
• Section 7 deals with offences by Companies.

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REGULATIONS

• Particulars of the Schemes and winding up plans
  to be furnished by the promoter
• Procedure for disposal of the plan or application
• Promoter to be informed of the terms and
  consitions
• Extension of time to close the business of the
  scheme monies
• Refund of monies or subscriptions collected by
  the promoter

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