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Section 8: For section 32 of the principal Act, the following section shall be, and shall be deemed always to have been, substituted, namely

Gold (Control) (Amendment) Ordinance, 1969Ordinance · 1969

"32. Save as otherwise provided in this Act, no licensed dealer shall have, at any time, in his possession, custody or control, primary gold in any form except in the form of standard gold bars :

Provided that nothing in this section shall apply to primary gold which is obtained in the process of, or in connection with, the making, manufacturing, preparing or repairing, of one or more articles or ornaments, if the total quantity of such primary gold in the possession, custody or control of such dealer does not, at any time, exceed—

(a) four hundred grammes, if he does not employ any artisan,

(b) five hundred grammes, if he employs not more than ten artisans,

(c) one thousand grammes, if he employs more than ten but not more than twenty artisans,

(d) two thousand grammes, if he employs more than twenty artisans :

Provided further that the Central Government may, having regard to the needs of the trade, volume of business and the interests of the general public, increase the quantitative limits specified in the foregoing proviso.

Explanation.—In computing the quantities specified in the first oroviso, any cut-piece of a standard gold &w which remains wiih the SEC. 1J THE GAZETTE OF INDIA EXTRAORDINARY io9 dealer after the transfer or delivery of primary gold to a certified goldsmith or an artisan, for the purposes specified in section 35, shall be excluded.".

9. In section 39 of the principal Act,—

(i) in sub-section (2), for clause (c), the following clause shall be, and shall be deemed always to have been, substituted, namely:— "(c) shall be subject to such conditions and restrictions as may be prescribed.";

(ii) in sub-section (4), for clause (e), the following clause shall be, and shall be deemed always to have been, substituted, namely: — " (e) a person who belongs to a prescribed category or class to which, in the opinion of the Central Government, the certificate may be granted.";

(iii) after sub-section (4), the following sub-section shall be inserted, namely :— "(4A) Where the Central Government, having regard to the interests of the general public, is of opinion that for the continuance or development of the industry of semi-manufactures and manufactures of gold, it is necessary so to do, it may, notwithstanding anything contained in sub-section (4), by notification, empower the Administrator to entertain applications for the grant of certificates referred to in sub-section (1), from persons who possess such qualifications and fulfil such conditions as may be prescribed.".

Where this provision sits

ActGold (Control) (Amendment) Ordinance, 1969
Section8
Marginal noteFor section 32 of the principal Act, the following section shall be, and shall be deemed always to have been, substituted, namely
StatusIn force as published by the source

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