Section 19: Prohibition of options in goods.

The Forward Contracts (Regulation) Act, 1952Central Act · Act 74 of 1952

(1) Notwithstanding anything contained in this Act or in any other law for the time being in force, all options in goods entered 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.

Where this provision sits

Act	The Forward Contracts (Regulation) Act, 1952
Section	19
Marginal note	Prohibition of options in goods.
Jurisdiction	Central
Status	In force as published by the source

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