16. Security procedures and practices.–The Central Government may, for the purposes of sections 14 and 15, prescribe the security procedures and practices:

Provided that in prescribing such security procedures and practices, the Central Government shall have regard to the commercial circumstances, nature of transactions and such other related factors as it may consider appropriate.]

Substituted by Act 10 of 2009, s. 11, for sections 15 and 16 (w.e.f. 27-10-2009).

Note: the ARRANGEMENT OF SECTIONS prints the marginal heading in the singular, “Security procedure and practices.”; the body prints “Security procedures and practices.”.