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Commencement and amendment of Act 74 of 1952- Insertion of new section 28A- Savings of recognised associations

Section 131 - Acts - MISCELLANEOUS AMENDMENTS TO THE FORWARD CONTRACTS (REGULATION) ACT, 1952 - FINANCE ACT, 2015 - Section 131 - CHAPTER VIII MISCELLANEOUS PART I AMENDMENTS TO THE FORWARD CONTRACTS (REGULATION) ACT, 1952 Commencement and amendment .....

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[B] In the Forward Contracts (Regulation) Act, 1952, (74 of 1952) (herein referred to as the Forward Contracts Act), after section 28, the following section shall be inserted, namely:- Savings of recognised associations 28A.(1) All recognised associ .....

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ognized stock exchanges shall not carry out any activity other than the activities of assisting, regulating or controlling the business of buying, selling or dealing in commodity derivatives till the said deemed recognized stock exchanges are specifi .....

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commodity derivatives market, immediately before the transfer and vesting of rights and assets to the Securities and Exchange Board of India for which no registration certificate was necessary prior to such transfer, may continue to do so for a peri .....

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ecurity Board) may provide such deemed exchanges, adequate time to comply with the Securities Contracts Act and any regulations, rules, guidelines or like instruments made under the said Act. (3) The bye-laws, circulars, or any like instrument made b .....

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