The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 7] NEW DELHI, FRIDAY, JANUARY 14,1966/PAUSA 24, 1887
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. 14th January 1066
S.O. 190.—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 herehy declares that no person shall, save with the permission of the Central Government, enter into forward contract for the sale or purchase of any of the goods specified in the Schedule below and fixes under clause (a) of the said section 16, the rate prevailing at the time at which the forward market in any 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 notification and remaining to be performed after the said date shall be deemed to be closed.
THE SCHEDULE
(1) Tur Dal (Arhar Dal)
(2) Urad Dal (Mash Dal)
(3) Mung Dal
(4) Gram Dal
14 THE GAZETTE OF INDIA EXTRAORDINARY [PARI II-SEC. S(U)]S.O. 191.—Whereas forward contracts for the sale or purchase of the goods specified in the Schedule below have bean prohibited under the notification of the Government of India in the Ministry of Commerce No. 32 (23) -Com. (Qunl) (FMC)/ fH5-I, dated the 14th January, 1966.
And whereas the Central Government i:i ol opinion that in the interest of t ht trade and in the public interest it is expedient to regulate and control non-transfer- able specific delivery contracts in respect ni the suid soods;
Now, therefore, in exercise of the powers conferred by sub-section 1.3) of sec- lion 18 ot the Forward Contracts (Regulation) Act, 1952 (74 of 1952), the Central Government hereby declares that the provisions of section 17 of the said Act shall apply to non-transferable specific delivery contracts in respect of the aforesaid goods in the whole of India:
Provided that the provisions of sub-section (3j of the said section 17 shall not apply to any non-transferable specific delivery contract for the sale or purchase of any of the said goods which is not regulated or which is not controlled by a regis- tered association.
THE SCHEDULE
(1) Tur Dal (Arhar Dal) (2) Urad Dal (Mash Dal) (3) Mung Dal (4) Gram Dal
LNo. 32(23)-Com.(Genl) (FMO/85-IL]
SO. 192, 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 goods mentioned in the Sche- dule below by the notification of the Government of India in the Ministry of Com- merce No '32(23)-Com.(Genl) (FMC)/65-1I, dated the 14th January, 1966, the Central Government hereby declares that no person shall, save with the permission of the Central Government, enter into any non-transferable specific delivery con- tract for the sale or purchase of any of the aforesaid goods in the whole of India and fixes under clause (a) of section 16 of the said Act, the rate fixed by the con- tract as the rate at which any such non-transferable specific delivary contract, entered into on or before the date of this notification and remaining to be perform- ed after the said date shall be deemed to be closed:
Provided that nothing in this notification in so far as it relates to the closing of any such non-transferable specific delivery contract shall apply to any such con- tract, which is not regulated or which is not controlled by a registered association.
THE SCHEDULE.
(1) Tur Dal (Aihar Dal) (2) Urad Dal (Mash Dal) (3) Mung Dal (4) Gram Dal
[No. 32(23)-Com.(Genl) (FMC)/65-IIL] P. K. J. MENON, Jt. Secy.