REGD. NO. D. L.-33004/99

The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No.

326]

NEW DELHI, WEDNESDAY, APRIL 3, 2002/CHAITRA13, 1924

MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION

(Department of Consumer Affairs)

NOTIFICATION

NOT Delhi, the 3rd April, 2002

S.O. 379(E).—The Central Government, in exercise ofpowers under Section 6 of the Forward Contract (Regula-

tion) Act. 1952 (74 of 1952). had granted recognition to Keshav Commodity Exchange Ltd.. Delhi to organize futures trading

in respect of forward contracts in Potatoes for a period of two years from 1st March. 2001 to 28th February. 2003 vide

Ministry of Consumer Affairs Notification No. S.O. 186(E). dated the 1st March. 2001. The said Exchange having not

organized the forward trade was given a show cause notice (vide letter No 16/2/IT/2002 dated 19-2-2002) as to why the

recognition of the Exchange should not be withdrawn. The Exchange failed to respond to this notice. The Central Govern-

ment, therefore, in supersession of the Notification No. S.O. 186(E) and in exercise of the power under Section 7 ofthe said

Act in the interest of the trade and in public interest withdraws the recognition of Keshav Commodity Exchange Ltd.. Delhi

with immediate effect.

[F.No. 16/2/IT/2002]

KALYAN RAIPURIA. Economic Adviser

1114 GI 2002

Printed by the Manager, Govt of India Press, Ring

Road,

Mayapuri.

New

Delhi-110061

and

Published

by the Controller

of

Publications,

Delhi-110054