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Extraordinary Gazette of India · Government of India

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Published 12 March 1965

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Extra Ordinary
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E-1786-1965-0050-81146
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in.gazette.csl_extraordinary.1965-03-12.E-1786-1965-0050-81146
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REGISTERED No. D. 221

The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 50] NEW DELHI, FRIDAY, MARCH 12, 1965/PHALGUNA 21, 1886

Separate paging is given to this Part in order that it may be filed as a separate compilation

MINISTRY OF COMMERCE

NOTIFICATIONS

New Delhi, the 12th. March 1965

S.O. 863- In exercise of the powers conferred by section 17 read with section 16 of the Forward Contracts (Regulation) Act 1952 (74 of 1952), the Central Government hereby declares that no person shall, save with the per- mission of the Central Government, enter into any forward contract for the sale or purchase of silver coins, which have ceased to be legal tender, and fixes under clause (a) of the said section 16, the rale prevailing at the time at which the forward market in such goods closed on the date of this notification, or, if there was no trading on that date, on the last preceding date of trading, as the rate at which any such forward contract entered into on or before the date of this notifi- cation and remaining to be performed after the said date shall be deemed to be closed.

[No. 32(4)-Com, (Genl)(FMC)/65-I.]

S.O. 864-Whereas forward contracts for the sale or purchase of silver coins which have ceased to be legal tender, have been prohibited under the notification of the Government of India in the Ministry of Commerce No. 32(4)- Com,(Genl)(FMC)/65-I, dated the 12th March, 1965;

And whereas the Central Government is of the opinion that in the interest of the trade and in the public interest it is expedient to regulate and control non-transferable specific delivery contracts in respect of the said silver coins; 155 t4;6 THE GAZETTE OF INDIA EXTRAORDINARY [PART II-SEG. 8(ii)] Now, therefore, in exercise of the powers conferred toy sub-section (3) of

section 18 of the Forward Contracts (Regulation) Act, 1952 (74 of 1952), the Central Government hereby declares that the provisions of sub-section (1) and (2) of section 17 of the said Act shall apply to non-transferable specific delivery contracts, in respect of silver coins, which have ceased to be legal tender, in the whole of India.

[No. 32(4)-Com.(Genl)(FMC)/65-IL]

S.O. 865.—In exercise of the powers conferred by sub-section (1) of section 17 of the Forward Contracts (Regulation) Act, 1952 (74 of 1952) as applied to non-transferable specific delivery contracts in respect of silver coins which have ceased to be legal tender, by the notification of the Government of India in the Ministry of Commerce No. 32(4)-Com.(Genl)(FMC)/65-II, dated the 12th March, 1965, the Central Government hereby declares that no person shall, save with the permission of the Central Government, enter info any non-transferable specific delivery contracts, for the sale or purchase, of the said silver coins.

[No. 32(4)-Com.(Genl)(FMC)/65-III.]

D. N. BANERJEE, Jt. Secy.

PRINTED IN INDIA BY THE GENERAL MANAGER, GOVERNMENT OF INDIA PREUB, NEW DELHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS, DELHI, 1 9 88
Cite this issue. Extraordinary Gazette of India, Government of India, 12 March 1965. Indian Gazettes, https://egazette.servantsofknowledge.in/details/in.gazette.csl_extraordinary.1965-03-12.E-1786-1965-0050-81146/. Archive identifier in.gazette.csl_extraordinary.1965-03-12.E-1786-1965-0050-81146.