The Forward Contracts (Regulation) Act, 1952
Central · 1952
- S. 1Short title, extent and commencement.
- S. 2Definitions.
- S. 3Establishment and constitution of the Forward Markets Commission.
- S. 4Functions of the Commission.
- S. 4APowers of the Commission.
- S. 5Application for recognition of associations.
- S. 6Grant of recognition to association.
- S. 7Withdrawal of recognition.
- S. 8Power of Central Government to call for periodical returns or direct inquiries to be made.
- S. 9Furnishing of annual reports to the Central Government by recognised associations.
- S. 9APower of recognised association to make rules respecting grouping of members, restricting voting rights, etc., in special cases.
- S. 10Power of Central Government to direct rules to be made or to make rules.
- S. 11Power of recognised association to make bye-laws.
- S. 12Power of Central Government to make or amend bye-laws of recognised associations.
- S. 12AApplication of amendment of bye-laws to existing forward contracts.
- S. 12BPower of Commission to suspend member of recognised association or to prohibit him from trading.
- S. 13Power of Central Government to supersede governing body of recognised association.
- S. 14Power to suspend business of recognised association.
- S. 14ACertificate of registration to be obtained by all associations.
- S. 14BGrant or refusal of certificate of registration.
- S. 14CApplication of sections 8 and 12B to registered associations.
- S. 15Forward contracts in notified goods illegal or void in certain circumstances.
- S. 16Consequences of notification under section 15.
- S. 17Power to prohibit forward contracts in certain cases.
- S. 18Special provisions respecting certain kinds of forward contracts.
- S. 19Prohibition of options in goods.
- S. 20Penalties.
- S. 21Penalty for owning or keeping place used for entering into forward contracts in goods.
- S. 21APower of court to order forfeiture of property.
- S. 22Offences by companies.
- S. 22APower to search and seize books of account or other documents.
- S. 22BPresumptions to be drawn in certain cases.
- S. 23Certain offences to be cognizable.
- S. 24Jurisdiction to try offences under this Act.
- S. 25Advisory committee.
- S. 26Power to delegate.
- S. 27Power to exempt.
- S. 27AProtection of action taken in good faith .
- S. 28Power to make rules.
- S. 28ASavings of recognised associations.
- S. 29Repeals and savings.
- S. 29ARepeal and savings.
- S. 29BTransfer and vesting of undertaking of Commission.