Section 13
Power to fix maximum and minimum prices for sale of rubber.
About this Act
An Act to provide for the development under the control of the Union of the rubber industry.
(1) The Central Government
may 1[, if it deems necessary,] 2*** by order published in the official Gazette, fix the maximum price or
the minimum price or the maximum and minimum prices to be charged, in the course of a business of any
class specified in the order, for rubber of any description so specified.
(2) Any such order may fix different maximum or minimum prices to be charged in the course of businesses of different classes for the same description of rubber.
(3) If any person buys or sells, or agrees to buy or sell, rubber at a price which is more than the maximum price, or less than the minimum price, fixed under sub-section (1) in that behalf, he shall be punishable with imprisonment for a term which may extend to one year, or with fine, or with both.
(2) Any such order may fix different maximum or minimum prices to be charged in the course of businesses of different classes for the same description of rubber.
(3) If any person buys or sells, or agrees to buy or sell, rubber at a price which is more than the maximum price, or less than the minimum price, fixed under sub-section (1) in that behalf, he shall be punishable with imprisonment for a term which may extend to one year, or with fine, or with both.
Notes
1. The words in brackets shall stand inserted (date to be notified) by s. 8, ibid.
2. The words, brackets and figures "after consulting the Rubber Price Advisory Committee constituted under sub-section (1) of section 7" omitted by Act 54 of 1954, s. 15 (w.e.f. 1-8-1955).
2. The words, brackets and figures "after consulting the Rubber Price Advisory Committee constituted under sub-section (1) of section 7" omitted by Act 54 of 1954, s. 15 (w.e.f. 1-8-1955).