Act Info:
Preamble1 - FORWARD CONTRACTS (REGULATION) ACT, 1952
Chapter I Section1 - Short title, extent and commencement
Section2 - Definitions
Chapter II Section3 - Establishment and constitution of the Forward Markets Commission
Section4 - Functions of the Commission
Section4A - Powers of the Commission
Chapter III Section5 - Application for recognition of associations
Section6 - Grant of recognition to association
Section7 - Withdrawal of recognition
Section8 - Power of Central Government to call for periodical returns or direct inquiries to he made
Section9 - Furnishing of annual reports to the Central Government by recognised associations
Section9A - Power of recognised association to make rules respecting grouping of members, restricting voting rights, etc., in special cases
Section10 - Power of Central Government to direct rules to be made or to make rules
Section11 - Power of recognised association to make bye-laws
Section12 - Power of Central Government to make or amend bye-laws of recognised associations
Section12A - Application of amendment of bye-laws to existing forward contracts
Section12B - Power of Commission to suspend member of recognised association or to prohibit him from trading
Section13 - Power of Central Government to supersede governing body of recognised association
Section14 - Power to suspend business of recognised association
ChapterIIIA - REGISTERED ASSOCIATIONS
Section14A - Certificate of registration to be obtained by all associations
Section14B - Grant or refusal of certificate of registration
Section14C - Application of section 8 and 12-B to registered association
Chapter IV Section15 - Forward contracts in notified goods illegal or void in certain circumstances
Section16 - Consequences of notification under section 15
Section17 - Power to prohibit forward contracts in certain cases
Section18 - Special provisions respecting certain kinds of forward contracts
Section19 - Prohibition of options in goods
Chapter V Section20 - Penalties
Section21 - Penalty for owning or keeping place used for entering into forward contracts in goods
Section21A - Power of Court to order forfeiture of property
Section22 - Offences by companies
Section22A - Power to search and seize books of accounts or other documents
Section22B - Presumptions to be drawn in certain cases
Section23 - Certain offences to be cognizable
Section24 - Jurisdiction to try offences under this Act
Chapter VI Section25 - Advisory Committee
Section26 - Power to delegate
Section27 - Power to exempt
Section27A - Protection of action taken in good faith
Section28 - Power to make rules
Section29 - Repeals and savings