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Contracts in notified areas illegal in certain circumstances
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....tes or area] that it is necessary so to do, it may, by notification in the Official Gazette, declared this section to apply to such 3[State or States or area], and thereupon every contract in such 4[State or States or area] which is entered into after the date of the notification otherwise than 5[between members of a recognised stock exchange or recognised stock exchanges] in such 6[State or State....