Forward Markets Commission composition sets member appointment, qualification, disqualification and tenure rules governing commission membership and service. Section 3 authorises the Central Government to establish the Forward Markets Commission by notification and prescribes its composition of two to four members with one nominated as Chairman, who may be whole-time or part-time. Appointees must possess ability, integrity and relevant commercial or administrative experience; persons with disqualifying financial or other interests are barred and must disclose information on request. Members serve a maximum three year term, are eligible for reappointment, and other service conditions are to be prescribed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Forward Markets Commission composition sets member appointment, qualification, disqualification and tenure rules governing commission membership and service.
Section 3 authorises the Central Government to establish the Forward Markets Commission by notification and prescribes its composition of two to four members with one nominated as Chairman, who may be whole-time or part-time. Appointees must possess ability, integrity and relevant commercial or administrative experience; persons with disqualifying financial or other interests are barred and must disclose information on request. Members serve a maximum three year term, are eligible for reappointment, and other service conditions are to be prescribed.
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