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Indian Laws
Home Acts & Rules Indian Laws Economic Laws - Acts FORWARD CONTRACTS (REGULATION) ACT, 1952 Chapters List This

FORWARD CONTRACTS (REGULATION) ACT, 1952

Chapter: I
Preliminary
Section 1 : Short title, extent and commencement
Section 2 : Definition
Chapter: II
Forward Markets Commission
Section 3 : 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
Section 6 : Grant of recognition to association
Section 7 : Withdrawal of recognition
Section 8 : Power of Central Government to call for periodical returns or direct inquiries to be made.
Section 9 : Furnishing of annual reports to the Commission by recognised associations.
Section 9A : Power of recognised association to make rules respecting grouping of members, restricting voting rights, etc., in special cases.
Section 10 : Power of Central Government to direct rules to be made or to make rules.
Section 11 : Power of recognised association to make bye-laws.
Section 12 : Power of Central Government to make or amend bye-laws of recognised associations.
Section 12A : Application of amendment of bye-laws to existing forward contracts.
Section 12B : Power of Commission to suspend member of recognised association or to prohibit him from trading.
Section 13 : Power of Central Government to supersede governing body of recognised association.
Section 14 : Power to suspend business of recognised associations.
Chapter: IIIA
Registered Associations
Section 14A : Certificate of registration to be obtained by all associations.
Section 14B : Grant or refusal of certificate of registration.
Section 14C : Application of sections 8 and 12B to registered associations.
Chapter: IV
Forward contracts & Options in Goods
Section 15 : Forward contracts in notified goods illegal or void in certain circumstances.
Section 16 : Consequences of notification under section 15.
Section 17 : Power to prohibit forward contracts in certain cases.
Section 19 : Prohibition of options in goods.
Chapter: V
Penalties and Procedures
Section 20 : Penalty for contravention of certain provisions of Chapter IV
Section 21 : Penalty for owning or keeping place used for entering into forward contracts in goods.
Section 21A : Power of court to order forfeiture of property.
Section 22 : Offences by companies.
Section 22A : Power to search and seize books of account or other documents.
Section 22B : Presumptions to be drawn in certain cases.
Section 23 : Certain offences to be cognizable.
Section 24 : Jurisdiction to try offences under this Act.
Chapter: VI
Miscellaneous
Section 25 : Advisory committee.
Section 26 : Power to delegate.
Section 27 : Power to exempt.
Section 27A : Protection of action taken in good faith.
Section 28 : Power to make rules.
Section 28A : Savings of recognised associations
Section 29 : Repeals and savings.
Section 29A : Repeal and savings.
Section 29B : Transfer and vesting of undertaking of Commission.
 
 
 
 

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