Cap 296A reg 22 Restriction on sales by wholesale by stockholder and price control (RESERVED COMMODITIES (CONTROL OF IMPORTS, EXPORTS AND RESERVE STOCKS) REGULATIONS; RESERVED COMMODITIES ORDINANCE)

Contents of Section

Chapter:	296A	Title:	RESERVED COMMODITIES (CONTROL OF IMPORTS, EXPORTS AND RESERVE STOCKS) REGULATIONS	Gazette Number:
Regulation:	22	Heading:	Restriction on sales by wholesale by stockholder and price control	Version Date:	30/06/1997

(1) The Director may by notice in writing to a stockholder of a reserved commodity-

(a) restrict the sale by wholesale of that reserved commodity by the stockholder to-

(i) registered wholesalers; or

(ii) specified registered wholesalers,

in that reserved commodity; or

(b) fix the maximum price at which the stockholder may sell that reserved commodity by wholesale-

(i) generally;

(ii) to registered wholesalers in that reserved commodity; or

(iii) to other classes of persons specified in the notice;

(c) require the stockholder to sell such quantity of the reserved commodity to such registered wholesaler or other person, as the Director may specify at a price not exceeding the maximum price fixed under paragraph (b).

(2) A notice under paragraph (1) may be addressed to all stockholders or to specified stockholders.
(3) A notice under paragraph (1) shall be-

(a) served on each stockholder to whom it applies; and

(b) published in the Gazette.

(4) A stockholder to whom a notice under paragraph (1) applies shall comply therewith as soon as the notice is-

(a) served on him; or

(b) published in the Gazette,

whichever is the sooner.