## CONSTITUTION 298

### CONSTITUTION 298 — Power to carry on trade, etc
- https://unisonlegal.in/statutes/constitution/298

> 2[298. Power to carry on trade, etc.-The executive power of the Union
and of each State shall extend to the carrying on of any trade or business and to
the acquisition, holding and disposal of property and the making of contracts for
any purpose:
Provided that-
(a) the said executive power of the Union shall, in so far as such
trade or business or such purpose is not one with respect to which
Parliament may make laws, be subject in each State to legislation by the
State; and
(b) the said executive power of each State shall, in so far as such
trade or business or such purpose is not one with respect to which the State
Legislature may make laws, be subject to legislation by Parliament.]

1. Subs. by the Constitution (Fortieth Amendment) Act, 1976, s. 2 (w.e.f. 27-5-1976).
2. Subs. by the Constitution (Seventh Amendment) Act, 1956, s. 20 (w.e.f. 1-11-1956).
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