Rubber Act : Power to fix maximum and minimum prices for sale of rubber. Indian Bare Acts :

Rubber Act,1947

Act No : 24

Section : Power to fix maximum and minimum prices for sale of rubber.

13. Power to fix maximum and minimum prices for sale of rubber. (1) The Central Government may 1***, by order 2* 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. --------------------------------------------------------------------- 1. 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. 2. For such orders, see Gazette of India, 1947, Pt. I, p. 1380 and ibid., Extraordinary, p. 1383. 58A (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. 59