CMA Intermediate · Business Laws and Ethics · Sale of Goods Act, 1930
Which of the following statements about the short title, extent and commencement of the Sale of Goods Act, 1930 is correct as per Section 1 of the Act as currently in force?
The Act extends to the whole of India and came into force on 1 July 1930. The earlier exclusion of the State of Jammu and Kashmir was omitted with effect from 31 October 2019, so no territory is now excluded.
- AIt extends to the whole of India except the State of Jammu and Kashmir, and came into force on 1 July 1930
- BIt extends to the whole of India, and came into force on 1 July 1930Correct
- CIt extends to the whole of India, and came into force on 1 April 1930
- DIt extends only to British India, and came into force on 1 July 1930
Explanation
Section 1(2) states that the Act extends to the whole of India; the words excluding Jammu and Kashmir were omitted w.e.f. 31-10-2019. Section 1(3) states that it came into force on 1 July 1930. The word 'Indian' in the title was also omitted in 1963.
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