REGISTERED No. D -28
of India be Gazette
EXTRAORDINARY
PUBLISHED BY AUTHORITY
NEW DELHI , SATURDAY , JUNE 11 , 1949
GOVERNMENT OF INDIA
MINISTRY OF LAW
New Delhi , the 11th June , 1949 ORDINANCE No. X OF 1949
AN
ORDINANCE
further to amend the Foreign Exchange Regulation Act , 1947 .
WHEREAS an emergency has arisen which makes it necossary furtho to amend the Foreign Exchange Regulation Aot , 1947 ( VII of 1947 ) , for the purpose hereinafter appearing ; NOW , THEREFORE , in exercise of the powers conferred by section 42 of the Government of India Act , 1935 ( 26 Geo . 5 , 0. 2) , the Governor - General is pleased to make and promulgate the following Ordinance :-
1. Short title and commencement .-( 1 ) This Ordinance may bo called the Foreign Exchango Rogulation (Amondmont ) Ordinance, 1949.
(2) It shall come into force at once .
2. Amendment of section 23 , Act VII of 1947. -In section 23 of the Foreign Exchange Regulation Act , 1947 ( VII of 1947 ) ,-
(i) after sub - section ( 1 ) , the following sub - section shall bo inserted , namely :-
" ( 2) Notwithstanding anything contained in section 32 of the Code of Criminal Procedure , 1898 ( Act V of 1898 ) , it shall be lawful for any Magistrate of the first class specially empowered by the Provincial Govern- ment in this behalf and for any Presidency Magistrate to pass a sentence of fine exceeding one thousand rupees on any person convicted of an offence punishable under this section . " ; and
( ii ) the existing sub - sections ( 2 ) and (3) shall be re - numbered as sub . sections ( 3) and (4) respectively .
C. RAJAGOPALACHARI ,
Governor-General ,
K.V.K. SUNDARAM.
Secretary
(977 )
PUBLISHED BY THE MANAGER OF PUBLICATIONS , DELHI , INDIA . PRINTED BY THE MANAGER , GOVERNMENT OF INDIA PRESS , NAW DELHI, INDIA.