Forward Contracts (Regulation) Act, 1952

This authoritative edition compiles the Forward Contracts (Regulation) Act, 1952 with the principal Rules (including the Forward Contracts (Regulation) Rules, 1954), annotated commentary, and a clear amendment and administrative timeline. The book explains the statute’s core architecture — recognition and regulation of associations/exchanges, controls on forward and option contracts, powers of inspection and discipline, offences and penalties, and procedures for suspension or cancellation of recognition. Historical notes and practical commentary contextualize how the Forward Markets Commission (FMC) operated under the Act, the Act’s role in shaping commodity futures markets, and the policy rationale behind prohibitions and regulatory controls. Critically, the volume records the 2015 regulatory shift — repeal/notification actions that transferred commodity derivatives regulation to SEBI — and describes the legal and practical implications for legacy contracts, exchanges and stakeholders. Carefully indexed and cross-referenced, with sample bye-laws, forms and a glossary of market terms, this edition serves as a desk reference for attorneys, exchange officials, compliance officers, academics and policy researchers dealing with legacy matters, historical analysis, or the evolution of India’s derivatives regulation.