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The Gazette of India

EXTRAORDINARY

PART II—Section 3— Sub-section (ii)

PUBLISHED BY AUTHORITY

NO. 366] NEW DELHI, MONDAY, NOVEMBER 7, 1966/KARTIKA 16,1888

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 7th November 1966

S.O. 3445,—Whereas forward contracts for the sale or purchase of Vanaspati, a vegetable oil product as defined in sub-clause (e) of clause 2 of the Vegetable Oil Products Control Order, 1947 have been prohibited under the Notification of the Government of India in the late Ministry of Commerce and Industry S.O. 102 dated the 7th January, 1960;

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 commodity;

Now, therefore, in exercise of the powers conferred by sub-section (3) of sec- tion 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 sec- tion 17 of the said Act shall apply to non-transferable specific delivery contracts in respect of the aforesaid commodity in the whole of India.

[No. 32(3)-Com. Genl(FMC)/66-I]S.O. 3446.—In exercise of the powers conferred by sub-section (1) of section 17 of the Forward Contracts (Regulation) Act, 7952 (74 of 1952), as applied to non- transferable specific delivery contracts in respect of vanaspati, a vegetable oil product as defined in sub-clause (e) of clause (2) of the Vegetable Oil Products Control Order, 1947, by the Notification of the Government of India in the Minis- try of Commerce No. 32(3)-Com. Genl.(FMC)/66-I dated the 7th November, 1966 the Central Government hereby declares that no person shall, save with the per- mission of the Central Government, enter Into any non-transferable specific delivery contracts, for the sale or purchase of the said' vanaspati. [No. 32(3)-Com. Genl(FMC)/66-11.1 ( 1451)

S.O, 3447.—in exercise of the powers conferred by section 27 of the Forward Contracts (Regulation) Act, 1952 (74 of 1952), the Central Government hereby exempts every non-transferable specltlc delivery contract entered into by the Central Government or a State Government or on behalf of the Central or a State Government by any person or body of person:; duly appointed in that behalf by that Government, for the purchase or sale of vanaspati, a vegetable oil product as dolined In sub-clause (e) of clause (2) o: the VegataKe, Oil Products Control Order, 1947. from the operation of section 17 of the said Act.

TNo, 32(3)-Com. Genl(FMC)/66-IIL]

P. C. ALEXANDER, Jt. Secy.