(1) Each of the following businesses shall be an exempted business for the purposes of this Part of this Act, that is to say: -

(a) subject to the operation of an order made by the Minister under sub-section (2) of this section, any business specified in Part I or Part II of the Third Schedule to this Act;

(b) any business declared by an order, made by the Minister under sub-section (3) of this section and for the time being in force, to be an exempted business for the purposes of this Part of this Act.

(2) The Minister may, whenever and so often as he thinks fit, by order under this sub-section declare that any business specified in Part I or Part II of the Third Schedule to this Act shall cease to be an exempted business for the purposes of this Part of this Act and upon the coming into force of such order such business shall cease to be an exempted business for the said purposes.

(3) The Minister may, whenever and so often as he thinks fit, by order under this sub-section declare that any business shall be an exempted business for the purposes of this Part of this Act.

(4) The Minister may by order under this sub-section revoke any order made under the immediately preceding sub-section.