K. S. VARMA, J.:- This writ petition is directed against certain orders passed by the Registrar of Firms. Societies and Chits. Uttar Pradesh, Lucknow. The action, which purports to have been taken against the petitioners under the provisions of the Prize Chits and Money Circulation Schemes (Banning) Act. 1978 hereinafter referred to as the Act) is sought to be challenged.

2. Petitioners Nos. 1 and 2 are partners of an unregistered partnership firm M/s. Secured Investment Company (petitioner No. 1). It is claimed that petitioner No. 1 deals in the business of acting as an agent for getting money deposited in nationalised or scheduled banks only and also for promotion of sales of certain commodities. The petitioners are carrying on their business mainly in Lucknow with branches at Kanpur and Bareilly. It is further claimed in the writ petition that the petitioners firm started a scheme for investment in which persons who were interested were required to pay a sum of Rs. 220 only once. Then a sum was deposited in a Nationalised or Scheduled Bank in the Reinvestment Deposits Plan certificate and person concerned was given a Fixed Deposit Receipt which has maturity value of Rs.