Power to carry on trade, etc
Part XII: Finance, Property, Contracts and Suits
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.
Amendment notes
- ¹Whole article: Subs. by the Constitution (Seventh Amendment) Act, 1956, s. 20 (w.e.f. 1-11-1956).
The Constitution of India (As on 1 May 2026). Includes every amendment up to the Constitution (One Hundred and Sixth Amendment) Act, 2023. The small raised numbers in the text point to the amendment notes below.
Related articles
- 294Succession to property, assets, rights, liabilities and obligations in certain cases
- 295Succession to property, assets, rights, liabilities and obligations in other cases
- 296Property accruing by escheat or lapse or as bona vacantia
- 297Things of value within territorial waters or continental shelf and resources of the exclusive economic zone to vest in the Union
- 299Contracts
- 300Suits and proceedings