Section 19
Prohibition of options in goods.
The Forward Contracts (Regulation) Act, 1952
About this Act
An Act to provide for the regulation of certain matters relating to forward contracts, the prohibition of options in goods and for matters connected therewith.
(1) Notwithstanding anything contained in this Act or in any
other law for the time being in force, all options in goods entered into after the date on which this section
comes into force shall be illegal.
(2) Any option in goods which has been entered into before the date on which this section comes into force and which remains to be performed, whether wholly or in part, after the said date, shall, to that extent, become void.
(2) Any option in goods which has been entered into before the date on which this section comes into force and which remains to be performed, whether wholly or in part, after the said date, shall, to that extent, become void.