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of <h1>Central Government Can Demand Returns, Inquiries, and Inspections Under Forward Contracts (Regulation) Act, 1952 for Transparency</h1> The Central Government has the authority to request periodic returns from recognized associations and their members regarding their affairs under the Forward Contracts (Regulation) Act, 1952. It can also demand specific information or explanations, appoint inquiries, and inspect accounts and documents. During inquiries, relevant individuals and entities must produce necessary documents and information. Recognized associations and members are required to maintain specified books of account and documents for up to three years, subject to inspection by the Commission. These provisions ensure governmental oversight and transparency in the operations of recognized associations and their members.
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