Section 15 of RA : Section 15: Provisions Regarding Licences Under Section 14

RA

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Explanation using Example

Imagine a company, "GreenRubber Ltd.," which deals in the production and export of natural rubber. The Rubber Board issues a general licence to GreenRubber Ltd. for its operations, and this licence is published in the Gazette of India and in newspapers, as mandated by Section 15(1) of the Rubber Act, 1947, ensuring transparency and public knowledge of the licensed entities in the rubber industry.

In another instance, "TyreMaster Inc.," a tire manufacturing company, applies for and receives a special licence to import a unique type of rubber unavailable in India for a limited duration. According t...

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