REGISTERED No. D. 231 रजिस्ट्री सं ० डी० 221
भारत को राजपत्र The Gazette of India
श्रसाधारण
EXTRAORDINARY
भाग II-खंड 1
PART II- Section 1
प्राविकार से प्रकाशित
PUBLISHED BY AUTHORITY
नई दिल्ली, शुक्रवार , 26 दिसम्बर , 1969/5 पौवा, 1891 ( शक)
सं०55]
No. 55] NEW DELHI , FRIDAY, DECEMBER 26 , 1969 / PAUSA 5 , 1891 (SAKA)
इस भाग में भिन्न पृष्ठ संख्या बी जाती है जिससे कि यह अलग संकलन के रूप में रखा जा सके ।
Separate paging is given to this Part in order that it may be filed as a separate compilation .
MINISTRY OF LAW
(Legislative Department )
New Delhi , the 26th December, 1969 Pausa 5, 1891 ( Saka)
The following Acts of Parliament received the assent of the President on the 26th December , 1969 , and are hereby published for general information: -
THE FOREIGN EXCHANGE REGULATION
(AMENDMENT) ACT , 1969
No. 40 or 1969
[26th December, 1969 ]
An Act further to amend the Foreign Exchange Regulation Act 1947. BE it enacted by Parliament in the Twentieth Year of the Republic of India as follows :-
title, 1. This Act may be called the Foreign Exchange Regulation (Amend- Short ment) Act, 1969.
7 of 1947 .
2. In section 12 of the Foreign Exchange Regulation Act, 1947 (here- Amend- inafter referred to as the principal Act ) , for sub- section (1 ) , the follow- ment of ing sub -section shall be substituted, namely: - section12.
" (1 ) The Central Government may , by notification in the Off- cial Gazette, prohibit the taking or sending out by land, sea or air (hereafter in this section referred to as export ) of all goods or of any goods or class of goods specified in the notification from India directly or indirectly to any place so specified unless the exporter furnishes to the prescribed authority a declaration in the prescribed
393 THE GAZETTE OF INDIA EXTRAORDINARY
[PART II
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form supported by such evidence as may be prescribed or so speci- fied and true in all material particulars which , among others , shall include the amount representing--
(1) the full export value of the goods ; or
( ii) if the full export value of the goods is not ascertainable at the time of export , the value which the exporter , having regard to the prevailing market conditions , expects to receive on the sale of the goods in the course of international trade,
and affirms in the said declaration that the full export value of the goods (whether ascertainable at the time of export or not) has been, or will within the prescribed period be, paid in the prescribed manner ." .
Amend- ment of section 23A.
3. In section 23A of the principal Act, for the words , brackets and figures " the restrictions imposed by sub - sections ( 1) and ( 2) of section 8" , the words , brackets and figures "the restrictions imposed by or under sub- sections (1) and (2 ) of section 8 " shall be substituted .
9 of 1980, 4. (1) The Foreign Exchange Regulation (Amendment ) Ordinance , 1969 is hereby repealed.
Repeal and saving.
(2) Notwithstanding such repeal , anything done or any action taken under the principal Act , as amended by the said Ordinance , shall be deemed to have been done or taken under the principal Act as amended by this Act as if this Act had come into force on the 13th day of Novem-
ber, 1969.
THE INTERNATIONAL MONETARY FUND AND BANK (AMENDMENT ) ACT, 1969
No. 41 OF 1969
[26th December, 1969 ]
An act further to amend the International Monetary Fund and Bank Act, 1945 .
BE it enacted by Parliament in the Twentieth Year of the Republic of India as follows: -
1. ( 1 ) This Act may be called the International Monetary Fund and Bank (Amendment ) Act , 1969 .
Short title and com- mence- ment
(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette , appoint .
2. In section 2 of the International Monetary Fund and Bank Act, 1945 (hereinafter referred to as the principal Act ) , in sub- section (1 ) ,
Amend- ment of section 2.
(a) for the words " There shall be paid out of the Consolidated Fund of India " , the words " There shall be paid , after due appropria- tion made by Parliament by law in this behalf, out of the Consolidat- ed Fund of India" shall be substituted ;
(b) in clause (c ) , after the words and figures " under section & of Article V " , the words and figures " , or under section 2, section 3 or section 5 of Article XXVI , " shall be inserted;
SEC. 1 ]
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(c) after clause ( d) , the following clause shall be inserted, namely: -
" (dd) any assessments required to be paid by the Central Government to the International Fund under section 4 or section 5 of Article XXVI of the Fund Agreement; " .
3. After section 3 of the principal Act , the following section shall be inserted , namely :-
Insertion of new ection 3A.
" 3A. The Reserve Bank may , on behalf of the Central Govern- ment , use, receive , acquire , hold, transfer or operate the special drawing rights of that Government in the International Fund and perform all acts supplemental or incidental thereto . " .
Reserve Bank to use, re- ceive, acquire, etc. , special drawing rights on behalf of Central Govern- ment .
N. D. P. NAMBOODIRIPAD, Joint Secy . to the Govt . of India .
PRINTED BY THE GENERAL MANAGER , GOVERNMENT OF INDIA PRESS , MINTO ROAD , NEW DELHI AND PUBLISHED BY THE MANAGER OF PUBLICATIONS , DELHI, 1969