I want advice on price chit and money circulation banning act 1978
Situation : there is a system where you need to pay rs 2200 as help, donation, charity or beg to 6 people and you get enrolled in this system after that you will have to find 4 people to pay rs 2200 each, if these 4 people pay rs 2200 each then you can take back your investment of rs 2200 and rest of the amount will get distributed among 6 people as it keeps going at the last level you will receive a grand total of rs 57 Lacs as help, donation, charity or beg from the people....so my question is, is it illegal under prize chit and money circulation banning act 1978 ? or is legal ?
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