Act Number: 74

Act Name: The Forward Contracts (Regulation) Act, 1952

Year: 1952

Enactment Date: 1952-12-26

Long Title: 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.

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 22A: Power to search and seize books of account or other documents.
    1[22A. Power to search and seize books of account or other documents.--(1) Any presidency magistrate or a magistrate of the first class may, by warrant, authorise any police officer not below the rank of sub-inspector to enter upon and search any place where books of account or other documents relating to forward contracts or options in goods entered into contravention of the provisions of this Act, may be or may be reasonably suspected to be, and such police officer may seize any such book or document, if in his opinion, it relates to any such forward contract or option in goods.
     (2) The provisions of the Code of Criminal Procedure, 1898 (5 of 1898), shall, so far as may be, apply to any search or seizure made under sub-section (1) as they apply to any search or seizure made under the authority of a warrant issued under section 98 of the said Code.]
Notes:
1. Ins. by Act 62 of 1960, s. 20 (w.e.f. 28-12-1960)
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