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of <h1>Forward Markets Commission Holds Powers Similar to Civil Court under Forward Contracts (Regulation) Act, 1952</h1> The Forward Markets Commission, under the Forward Contracts (Regulation) Act, 1952, possesses powers akin to a civil court as per the Code of Civil Procedure, 1908. It can summon individuals, demand document production, receive affidavits, and requisition public records. It can compel individuals to provide relevant information, with legal obligations under the Indian Penal Code, 1860. The Commission is considered a civil court for specific offenses, and it can forward cases to a Magistrate. Proceedings before the Commission are judicial, with jurisdiction extending across India for enforcing witness attendance.
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