S.I. No. 209/2000 -- Prices Stabilisation Order, 2000
S.I. No. 209 of 2000. |
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Prices Stabilisation Order, 2000 |
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WHEREAS the Government are satisfied that the condition of the national economy is such that it is necessary to maintain stability of prices generally: |
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NOW, the Government, in exercise of the powers conferred on them by section 22A (inserted by the Prices (Amendment) Act, 1965 (No. 23 of 1965) , as amended by the Prices (Amendment) Act, 1972 (No. 20 of 1972) ) of the Prices Act, 1958 (No. 4 of 1958) , hereby order as follows: |
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1. (1) This Order may be cited as the Prices Stabilisation Order, 2000. |
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(2) This Order shall come into operation on the 5th day of July, 2000. |
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2. The Minister is authorised and empowered - |
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(a) to enquire into the prices charged for the commodities specified in column (2) of the Schedule to this Order as respects the prices for which the Minister is satisfied that an enquiry should be held, |
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(b) to require any person to furnish to the Minister - |
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(i) any information in his possession that the Minister may reasonably require, and |
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(ii) any books, documents or records in his power, possession or control that the Minister may reasonably require, |
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for enabling him to perform his functions under Part IIIA (inserted by the Prices (Amendment) Act, 1965 (No. 23 of 1965) , as amended by the Prices (Amendment) Act, 1972 (No. 20 of 1972) ) of the Prices Act, 1958 (No. 4 of 1958) , |
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(c) by order to fix the maximum prices at which the commodities specified in column (2) of the Schedule to this Order may be sold, and |
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(d) by order to provide in relation to the commodities specified in column (2) of the Schedule to this Order that the prices charged for those commodities shall be those obtaining at such time before the making of the order or during such period before such making, as may be specified in the order. |
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3. The Prices Stabilisation Order, 1973 ( S.I. No. 96 of 1973 ) is revoked. |
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SCHEDULE |
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Article 2. |
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EXPLANATORY NOTE |
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The effect of this Government Order is to authorise the making of certain Orders provided for in section 22A of the Prices Act, 1958 (as inserted by the Prices (Amendment) Act, 1965 ) to impose controls on the price of drink. |