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Rule 11 - Manner of publication of Bye-laws for criticism. - FORWARD CONTRACTS (REGULATION) RULES, 1954Extract [ 1 ]11. Manner of publication of Bye-laws for criticism. The following provisions shall apply to bye-laws which are subject to the condition of being made after previous publication under sub-section (4) of Section 11 of the Act, namely; 1. the recognized association making such bye-laws shall post a draft thereof on notice board of the association for the information of persons likely to be affected thereby; 2. there shall be posted with the draft a notice that the draft will be taken into consideration by the association on or after a certain date (hereinafter in this rule referred to as the specified date) which shall not be earlier than seven days from the date of such posting and that any objections or suggestions with respect to the said draft received from any persons before the specified date will be considered by the association; 3. the association and also the Central Government when granting approval shall consider any objections and suggestions received by the association before the specified date. ********* [1] Substituted by S.O. 12 dated 11.2.1958.
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