The Forward Contracts (Regulation) Act, 1952

Sections

1. I — PRELIMINARY
2. 1Short title, extent and commencement
3. 2Definitions
4. II — THE FORWARD MARKETS COMMISSION
5. 3Establishment and constitution of the Forward Markets Commission
6. 4Functions of the Commission
7. III — RECOGNISED ASSOCIATIONS
8. 5Cls. (a), (b), (c), (d) and (e) re-lettered as cls. (b), (c), (d), (e) and (g) by s. 9, ibid . (w.e.f. 28-12-1960)
9. 6Grant of recognition to association
10. 7Withdrawal of recognition
11. 8Power of Central Government to call for periodical returns or direct inquiries to be made
12. 9Furnishing of annual reports to the Central Government by recognised associations
13. 10Power of Central Government to direct rules to be made or to make rules
14. 11Power of recognised association to make bye-laws
15. 12Power of Central Government to make or amend bye-laws of recognised associations
16. 12BPower of Commission to suspend member of recognised association or to prohibit him from trading
17. 13Power of Central Government to supersede governing body of recognised association
18. 14Power to suspend business of recognised associations
19. 14ACertificate of registration to be obtained by all associations
20. 14BGrant or refusal of certificate of registration
21. 14CApplication of sections 8 and 12B to registered associations
22. IV — FORWARD CONTRACTS AND OPTIONS IN GOODS
23. 15Forward contracts in notified goods illegal or void in certain circumstances
24. 16Consequences of notification under section 15
25. 17Power to prohibit forward contracts in certain cases
26. 18Special provisions respecting certain kinds of forward contracts
27. 19Prohibition of options in goods
28. V — PENALTIES AND PROCEDURE
29. 22Offences by companies
30. 22BPresumptions to be drawn in certain cases
31. 24Jurisdiction to try offences under this Act
32. VI — MISCELLANEOUS
33. 25Advisory committee
34. 26Power to delegate
35. 27Power to exempt
36. 28Power to make rules
37. 29BTransfer and vesting of undertaking of Commission