Repealed or not in force · As amended up to 2026-08
10. No person shall obtain from any other person any loan or advance on the hypothecation, pledge, mortgage or charge of—
(a) any primary gold, or
(b) any article or ornament which is required to be included in a declaration unless such article or ornament has been so included:
Restrictions on the disposal of gold acquired under any authorisation made by the Administrator.
Loans not to be obtained on hypothecation of primary gold or undeclared gold.
Gold (Control) (Act 45)
Provided that, in the case of an article which is not required to be included in a declaration, no transfer or delivery thereof shall be made unless such transfer or delivery has been intimated in writing to the Administrator.
Prohibition regarding making, manufacturing, etc., of primary gold, articles, ornaments, etc.
Source: India Code