Indian Sale of Goods Act 1930
Mercantile law / From Wikipedia, the free encyclopedia
The Indian Sale of Goods Act, 1930 is a mercantile law which came into existence on 1 July 1930,[1][2] during the British Raj, borrowing heavily from the United Kingdom's Sale of Goods Act 1893. It provides for the setting up of contracts where the seller transfers or agrees to transfer the title (ownership) in the goods to the buyer for consideration. It is applicable all over India. Under the act, goods sold from owner to buyer must be sold for a certain price and at a given period of time. The act was amended on 23 September 1963, and was renamed to the Sale of Goods Act, 1930. It is still in force in India, after being amended in 1963, and in Bangladesh, as the Sale of Goods Act, 1930 (Bangladesh).
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Quick Facts The Sale of Goods Act, 1930, Imperial Legislative Council ...
The Sale of Goods Act, 1930 | |
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Imperial Legislative Council | |
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Territorial extent | India |
Enacted by | Imperial Legislative Council |
Enacted | 1 July 1930 |
Committee report | First Law Commission |
Amended by | |
23 September 1963 | |
Related legislation | |
Sale of Goods Act, 1930 (Bangladesh) Sale of Goods Act 1893 | |
Status: Amended |
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