Prices Act, 1958

Fixing of maximum price of a commodity and maximum charge for a service during currency of an order under section 15 (1).

16.—(1) Where there is for the time being in force an order under subsection (1) of section 15 of this Act declaring that a state of emergency affecting the supply of a commodity exists, the Minister may by order do either or both of the following things—

(a) fix the maximum price at which that commodity may be sold,

(b) fix the maximum charge which may be made for rendering, in the course of carrying on any trade or business, any service affecting the supply or distribution of that commodity.

(2) Where, during the continuance in force of an order (in this subsection referred to as the emergency order) under subsection (1) of section 15 of this Act declaring that a state of emergency affecting the supply of a commodity exists, the Minister makes an order (in this subsection referred to as the Ministerial order) under subsection (1) of this section fixing the maximum price at which that commodity may be sold or fixing the maximum charge which may be made for rendering in the course of carrying on any trade or business, any service affecting the supply or distribution of that commodity, the Ministerial order shall, if not previously revoked, expire on the expiration of the emergency order.