Section 5 of PCA : Section 5: Licensing Of Prize Competitions Where The Prize Offered Does Not Exceed One Thousand Rupees A Month
PCA
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Explanation using Example
Imagine Sarah runs a small bookstore and decides to boost her sales by organizing a monthly quiz competition where customers can win books. According to Section 5 of The Prize Competitions Act, 1955, Sarah can legally conduct this competition without a special license as long as the total value of the books (prizes) she's giving away does not exceed one thousand rupees in any given month. If she wants to offer prizes worth more than that, she'll need to apply for and obtain a license under the Act.
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