Prices Justification Act 1973

This Act applies in relation to a company only if the sum of the amounts received by that company, or where that company is included in. a prescribed group of companies, by the companies in. that group, during the period of twelve months that ended on the immediately preceding 30th June as payments for the supply of goods, or the supply of services, or both, exceeded Twenty million, dollars.

A reference in sub-section (1) to 30th June shall,, in the case of a company that has, or a prescribed group of companies that have, adopted accounting periods ending on a day other than. 30th June, be read as a reference to that day.

For the purposes of this section, if two or more companies are related to each other—

they constitute a prescribed group of companies; and

each of them is included in any other prescribed group of companies in which any of them is included.

A reference in this section to the supply of goods or services, in relation to a company that, is included in a prescribed group of companies, does not include a reference to the supply of goods or services by that company to another company that is included in. the same group.