24. Sale or keeping for sale certain arms and ammunition. - The State Government or, in the State of Madras, Andhra Pradesh or Kerala, the Board of Revenue, may, by licence granted by it in Form XI or Form XII authorize selected dealers to sell or keep for sale a specified amount of ammunition of category I (c). (2) A dealer possessing a licence in Form IX, Form XI or Form XII shall not sell or transfer any arms or ammunition of category I (b) or I (c) to any person, unless the acquisition or possession of such arms or ammunition is expressly permitted in his licence or in his certificate of exemption.
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