Merchant Shipping Act : Restrictions on transfer of sailing vessels. Indian Bare Acts :

Merchant Shipping Act,1958

Act No : 44

Section : Restrictions on transfer of sailing vessels.

426. Restrictions on transfer of sailing vessels. No person shall transfer or acquire any sailing vessel registered under this Part or any interest therein without the previous approval of the Central Government; and any transaction 593 effected in contravention of this section shall be void and unenforceable.