Repealed or not in force · As amended up to 2026-08
CHAPTER VI
`RETURNS`
`AND ACCOUNTS`
19. Dealers (including certified goldsmiths) and refiners, shall Returns furnish to the Administrator such returns as to the quantity descrip- gold. tion and other prescribed particulars of gold in their possession or under their control in such form and within such tirire'as may be , - prescribed, and different returns may be prescribed for differer~t classes of dealers or refiners.
26). (1) Dealers (including certified goldsmiths) and refiners, shall A c c o ~ b . - , .keep such accounts and in such form and manner as may be prescribed of the gold held, bought or sold or otherwise received or disposed of by them, in respect of each transaction and different accounts may be prescribed for different classes of dealers or refiners.
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`(2)` Eve.ry ~ucb ,dealer,. certified. gold~mith and:,refi:ner &.alJ, if so -, re.qyired `by-` .the: I~dministSatq+r,-
(a) produce before the Administrator any account, register or other document, and
(5) furnish' to ihe Administrator any information relating to the quantity of gold in his possession `crs` under his control or to the purchase, sale or delivery of gold Iby him.
(3) All accounts, registers and other documents, relating to any quantity of gold or to the purchase, sale or delivery thereof and any gold in the possession or under the control of the dealer, refiner or certified goldsmith, wherever kept, shall be open to inspection by any person authorised by the Administrator in this behalf.
CHAPTER WI
`MISCELLANEOUS PROVISIONS`
21. (1) The Administrator may, if he thinks fit, issve directions or orders, not inconsistent with this Act, for carrying out the purposes of this Act.
Power of Ahinistrator to issue directions
directions (2) The Administrator, so far as it appears to him to be neces- and orders sary or expedient for securing the equitable distribution and availability at fair prices of gold and ornaments, may by order published in the Official Gazette,-
(a) regulate the prices at which any gold or ornament may be bought or sold by any dealer or refiner, and
( b ) regulate by licences,~permits or otherwise, the distribution, transport, disposal, acquisition, passession, use or consumption of gold by dealers or refiners or other persons.
Persons 22. Any person authorised by the Administrator by general or permitted special order, or holding a permit issued by the Administrator, for to buy buying or otherwise acquiring gold shall observe such conditions, gw'i'tO- be subject to such restrictions and furnish such accounts or returns, observe or both, to the Administrator, cas may be prescribed.
Persons permitted to buy gw'i'tOobserve Prohibition `of` use of buildings for carry'jnp;\on unlicensed refinery
23. No person,-
. . . . . . . -
, . , . . . .
(a) being the owner, lessor or landlord of any premises or the agent of such owner, lessor or landlocd, shall let the s m e or any part thereof with the knowledge that the same or part thereof is intended to be used as a refinery or wilfully .allow any person --to use.sueh-prel.nises. or,-any pa~t;thereof, as .a$~afin-ery unless the refiner has been licensed under this Act; or
( b ) being the tenant, lessee or occupier or any persop in charge of any premises, shall use or allow any person to use
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such premises or any part thereof as a refinery unless the refiner has been licensed under this `ht;`
24. Where the business of a dealer licensed or registered under Trandea this Act or a refinery is transferred by sale, gift, bequest or otherwise or transmission of or is transmitted by inheritance or is transferred by wasy of lease, b l h w Y the transferee, heir or lessee shall not carry on such business or run the refinery either in his own name or in some other name unless the transferee, heir or lessee has, before the expiry of sixty days after the date of such transfer or transmission, made to the Adrninistrator an application for the issue olf a licence or certificate of registration in accordance with the provisions 04 section 9 or section 8 or section 14:
mission of
Provided that nothing in this section shall be deemed to prohibit the transferee, heir or lessee from carrying on busine,ss as a dealer or refiner for the period within which he is required to apply for such licence or registration and if he has applied for such licence or registration, until he is granted the licence or certificate of registration or is, by a notice in writing, informed by the Administrator that such licence or certificate cannot be granted to him.
Source: India Code