Market Speculation Banned: Ministry Of Commerce Issued A Notification Banning Playing Market

The Ministry of Commerce issued a Notification 21/2020 in exercise of the power set out in the Notification No 26/2020 of the Union Government dated 30 March 2020.

In the order issuing to protect goods, it’s said. (1) Under the Section 4, Sub-section (a) of the Essential Supplies and Services Law, the Ministry of Commerce has designated Health aid equipments for prevention, control and treatment of the Coronavirus Disease 2019 (COVID-19), (b) Medicines and (c) Consumer goods as important supplies.

(2) With effect from the date of this notification, the Ministry of Commerce has banned speculation in the market by selling and distributing the products in the Paragraph (a), or storage of these products with the intention of playing the market.

(3) Those who are speculating in the market by selling and distributing the products or storing the products with the intention of playing the market would face action under Section 5 of the Essential Supplies and Services Law.