The Gazette of India
EXTRAORDlNARY
PART II—Section I
PUBLISHED BY AUTHORITY
No. 51] NEW DELHI, SATURDAY, DECEMBER 19,1970/AGRAHAYANA 28, 1892
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 19th December, 1970/Agrahayana 28, 1892 (Saka)
The following Act of Parliament received the assent of the President on the 18th December, 1970, and is hereby published for general Information:— THE FOREIGN EXCHANGE REGULATION (AMENDMENT) ACT, 1970 No. 43 OF 1970
[18th December, 1970]
An Act further to amend the Foreign Exchange Regulation
Act, 1947.
BE it enacted by Parliament in the Twenty-first Year of the Republic
of India as follows:—
1. This Act may be called the Foreign Exchange Regulation (Amend- Short title.
ment) Act, 1970.
7 of 1947.
2. In section 19G of the Foreign Exchange Regulation Act, 1947, (here- inafter referred to as 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 a 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 injunc- tion or order is in relation to the said document or is in relation to any other document reference to which would be necessary for exa- mining or using the said document),—
564 THE GAZETTE OF INDIA EXTRAORDINARY [PAHT II—SEC. 1](a) the said document could not be examined fully for the purpose of determining whether it would be evidence of the con- travention of any of the provisions of this Act or of any rule, direction or order made thereunder, or
(6) the said document could not be used for commencing any proceedings under section 23, or
(c) the proceedings under section 23 could not be commenced, 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time of the continuance of the injunction or order, the day on which it was issued or made and the day on which it was withdrawn, shall be excluded.".
3. (1) The Foreign Exchange Regulation (Amendment) Ordinance, 5 of 1970.
1970, is hereby repealed.
Repeal and laving.
(2) Notwithstanding such repeal, anything done or any action taken under the principal Act as amended by the said Ordinance shall be deem- ed 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 20th day of September, 1970.
N. D. P. NAMBOODIRIPAD,