Forward Contracts (Regulation) Act : Prohibition of options in goods. Indian Bare Acts :

Forward Contracts (Regulation) Act,1952

Act No : 74

Section : Prohibition of options in goods.

19.Prohibition of options in goods.(1) Notwithstanding anything contained in this Act or in any other law for the time being in force, all options in goods entered --------------------------------------------------------------------- 1 Subs. by Act 62 of 1960, s. 16, for "entered into before the date of the notification ". --------------------------------------------------------------------- 124A 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.