Forward Contracts (Regulation) Act, 1952
Bare Act · 1952
An Act to provide for the regulation of certain matters relating to forward contracts, the prohibition of options in goods and for matters connected therewith.
- Act number
- 74 of 1952
- Enacted
- 26 December 1952
- Contents
- 43 sections · 7 chapters
The first 5 sections are free to read. Sign in free to read the rest.
Contents
Chapter I — Preliminary
Chapter II — The Forward Markets Commission
- Section 3 – Establishment and constitution of the Forward Markets Commission
- Section 4 – Functions of the Commission
- Section 4A – Powers of the Commission
Chapter III — Recognised Associations
- Section 5 – Application for recognition of associations (preview)
- Section 6 – Grant of recognition to association (preview)
- Section 7 – Withdrawal of recognition (preview)
- Section 8 – Power of Central Government to call for periodical returns or direct inquiries to be made (preview)
- Section 9 – Furnishing of annual reports to the Central Government by recognised associations (preview)
- Section 9A – Power of recognised association to make rules respecting grouping of members, restricting voting rights, etc., in special cases (preview)
- Section 10 – Power of Central Government to direct rules to be made or to make rules (preview)
- Section 11 – Power of recognised association to make bye-laws (preview)
- Section 12 – Power of Central Government to make or amend bye-laws of recognised associations (preview)
- Section 12A – Application of amendment of bye-laws to existing forward contracts (preview)
- Section 12B – Power of Commission to suspend member of recognised association or to prohibit him from trading (preview)
- Section 13 – Power of Central Government to supersede governing body of recognised association (preview)
- Section 14 – Power to suspend business of recognised association (preview)
Chapter IIIA — Registered Associations
- Section 14A – Certificate of registration to be obtained by all associations (preview)
- Section 14B – Grant or refusal of certificate of registration (preview)
- Section 14C – Application of sections 8 and 12B to registered associations (preview)
Chapter IV — Forward Contracts And Options In Goods
- Section 15 – Forward contracts in notified goods illegal or void in certain circumstances (preview)
- Section 16 – Consequences of notification under section 15 (preview)
- Section 17 – Power to prohibit forward contracts in certain cases (preview)
- Section 18 – Special provisions respecting certain kinds of forward contracts (preview)
- Section 19 – Prohibition of options in goods (preview)
Chapter V — Penalties And Procedure
- Section 20 – Penalties (preview)
- Section 21 – Penalty for owning or keeping place used for entering into forward contracts in goods (preview)
- Section 21A – Power of court to order forfeiture of property (preview)
- Section 22 – Offences by companies (preview)
- Section 22A – Power to search and seize books of account or other documents (preview)
- Section 22B – Presumptions to be drawn in certain cases (preview)
- Section 23 – Certain offences to be cognizable (preview)
- Section 24 – Jurisdiction to try offences under this Act (preview)
Chapter VI — Miscellaneous
- Section 25 – Advisory committee (preview)
- Section 26 – Power to delegate (preview)
- Section 27 – Power to exempt (preview)
- Section 27A – Protection of action taken in good faith (preview)
- Section 28 – Power to make rules (preview)
- Section 28A – Savings of recognised associations (preview)
- Section 29 – Repeals and savings (preview)
- Section 29A – Repeal and savings (preview)
- Section 29B – Transfer and vesting of undertaking of Commission (preview)