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of <h1>Section 9A Empowers Associations to Regulate Membership, Voting, and Governance with Government Approval</h1> Section 9A of the Forward Contracts (Regulation) Act, 1952, empowers recognized associations to create or amend rules for specific purposes. These include admitting firms or Hindu undivided families as members, grouping members based on interests, reserving governing body seats for these groups, and regulating voting rights. It also addresses proxy voting restrictions and director retirements at annual meetings. Any rules or amendments must receive Central Government approval and publication in the Official Gazette to be effective. Rules made before the 1957 amendment remain valid despite potential conflicts with the Companies Act, 1956.
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