The Assam Game and Betting Act is a crucial piece of legislation that regulates gambling and betting activities within the state of Assam. This act establishes the legal framework for operating and participating in various forms of gaming, ensuring fair practices and preventing exploitation.
Benefits:
Offence | Punishment |
---|---|
Operating an unlicensed gambling establishment | Imprisonment up to 5 years and/or fine up to Rs. 5,000,000 |
Advertising or promoting illegal gambling | Imprisonment up to 3 years and/or fine up to Rs. 2,000,000 |
Participating in illegal gambling | Imprisonment up to 6 months and/or fine up to Rs. 1,000,000 |
Tips:
Compliance Measure | Benefits |
---|---|
Background checks on employees | Prevents hiring individuals with criminal records |
Customer identification and verification | Mitigates the risk of fraud and money laundering |
Transaction monitoring | Detects suspicious activities and prevents financial losses |
Mistakes:
Mistake | Consequences |
---|---|
Operating without a license | Legal prosecution, fines, and forfeiture of gaming equipment |
Allowing underage gambling | Imprisonment up to 5 years and/or fine up to Rs. 500,000 |
Engaging in unlicensed advertising or promotions | Imprisonment up to 3 years and/or fine up to Rs. 1,000,000 |
2024-08-01 02:38:21 UTC
2024-08-08 02:55:35 UTC
2024-08-07 02:55:36 UTC
2024-08-25 14:01:07 UTC
2024-08-25 14:01:51 UTC
2024-08-15 08:10:25 UTC
2024-08-12 08:10:05 UTC
2024-08-13 08:10:18 UTC
2024-08-01 02:37:48 UTC
2024-08-05 03:39:51 UTC
2024-08-08 13:46:35 UTC
2024-08-08 13:46:45 UTC
2024-08-08 13:46:55 UTC
2024-08-08 13:47:05 UTC
2024-07-31 06:27:22 UTC
2024-07-31 06:27:29 UTC
2024-07-31 06:27:45 UTC
2024-08-20 05:55:20 UTC
2024-10-17 01:33:03 UTC
2024-10-17 01:33:03 UTC
2024-10-17 01:33:03 UTC
2024-10-17 01:33:03 UTC
2024-10-17 01:33:02 UTC
2024-10-17 01:33:02 UTC
2024-10-17 01:33:02 UTC
2024-10-17 01:33:02 UTC