Rule 4 - Payment of fee for recognition - Forward Contracts (Regulation) Rules, 1954

4. [ 1 ]. Payment of fee for recognition. a) There shall be paid in respect of every application under Rule 3, fee of rupees [2] [two thousand and five hundred only] and under Rule 3A, fee of rupees fifty only. b) The amount of the fee shall either (i) be deposited in the nearest Government Treasury or the nearest branch of the State Bank of India; provided that at Mumbai, Calcutta, Delhi, Kanpur and Madras the amount shall be deposited in the Reserve Bank of India, or (ii) be remitted by a crossed Indian Postal Order in favour of the Secretary, Forward Markets Commission, Mumbai. c) The amount of the fee so deposited shall be credited to the Receipt Head XXI Miscellaneous Receipts - Forward Markets Commission, Items adjustable by the Deputy Accountant General, Commerce, Works and Miscellaneous, Mumbai. d) The amount of fee so deposited shall not be refundable. *********** [1] Substituted by Forward Contracts (Regulation) (Amendment) Rules, 1961, vide S. O. 1099 dated 15th May, 1961 and amended by the Forward Contracts (Regulation) (Amendment) Rules, 1970 on the 28th March, 1970. [2] Amended vide Notification No. Nil dated 23rd July, 1993.