Subject NOT available · Indian Gazettes

click here for IIIF manifest

REGISTERED No. D. 221

The Gazette of India

EXTRAORDINARY

PART II—Section 1

PUBLISHED BY AUTHORITY

No. 42] NEW DELHI, SUNDAY, SEPTEMBER 20, 1970/BHADRA 29, 1893 (SAKA)

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 20th September, 1970/Bhadra 29, 1892 (Saka)

THE FOREIGN EXCHANGE REGULATION (AMENDMENT

ORDINANCE, 1970

No. 5 OF T970

Promulgated by the President in the Twenty-first Year of the Republic of India. An Ordinance furrier to amend the Foreign Exchange Regulation Act, 1947.

WHEREAS Parliament is not in session and the President is satisfied that circumstances exist which render it necessary for him to take im- mediate action;

Now, THEREFORE, in exercise of the powers conferred by clause (1) of article 123 of the Constitution, the President is pleased to promulgate the following Ordinance: —

1. (1) This Ordinance may be called the Foreign Exchange Regula- tion (Amendment) Ordinance, 1970.

(2) It shall come into force at once.

Short title and com- mence- ment.

2. During the period of operation of this Ordinance, the Foreign Ex- change Regulation Act, 1947 (hereinafter referred to as the principal Act) shall have effect subject to the amendment specified in section 3. Act 7 of 1947 to toe tempo- rarily amended. (419) 420 THE GAZETTE OF INDIA EXTRAORDINARY [PART H

3. In section 19G of the principal Act, the following Explanation shall be inserted at the end, namely: —

Amend- ment of section 19G.

"Explanation.—In computing the period of one year during which s. document (hereafter in this Explanation referred to as the said document) may be retained under this section, in any case where by reason of an injunction or order of any court (whether such injunction or order is in relation to the said document or is in relation to any other document reference to which would be neces- sary for examining or using the said document),—•

(a) the said document could not be examined fully for the purpose of determining whether it would be evidence of the contravention of any of the provisions of this Act or of any rule, direction or order made thereunder, or

(b) the said document could not be used for commencing any proceedings under section 23, or

the time of the continuance of the injunction or order, the day on which it was issued or made and the day on which it was with- drawn, shall be excluded.".

V. V. GIRI, President.

N. D. P. NAMBOODIRIPAD,

Joint Secy, to the Govt. of IndiePRINTED BY TH" OHKBRAL MANAGER, GOVERNMENT Or INDIA PRESS, MINTO ROAD, NBW DELHI AND PUBLISHED BY TUB MANAGER OF PUBLICATIONS, DBLJII. 1 9 70