Section 1. Short title, extent, commencement and application.

(1) This Act may be called 1[the Mumbai Metropolitan Region Specified Commodities Markets (Regulation of Location) Act, 1983]. (2) It shall extend to all the areas for the time being comprised in 2[the Mumbai Metropolitan Region] as defined in 3[the Mumbai Metropolitan Region Development Authority Act, 1974 (Mah. IV of 1975)]. (3) It shall come into force in 4[Brihan Mumbai] at once. It shall come into force in any other area area in the Bombay Metropolitan Region on such date as the State Government may, by notification in the Official Gazette, appoint ; and different dates may be appointed for different areas. (4) (a) It applies in the first instance in 5[Brihan Mumbai] to the two commodities that is to say, (1) textiles, and (2) iron and steel, which are specified in the Schedule. (b) The State Government may, either suo moto or on a request being made by the Metropolitan Authority, by notification in the Official Gazette, amend the Schedule under section 70 by inserting therein any other commodity and may by the same notification or by like notification declare that this Act shall apply in any area to any commodity (whether already included or newly included in the Schedule) from such date as may be specified in such notification and different dates may be specified for different areas and for different commodities.