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of <h1>Amendments to Forward Contract Bye-laws Apply to Pre-existing Contracts as per Section 12A of 1952 Act.</h1> Section 12A of the Forward Contracts (Regulation) Act, 1952, mandates that any amendment to a bye-law, except those made under specific clauses of section 11 or section 12, applies to all forward contracts established before the amendment's approval by the Central Government or its publication in the Gazette of India. This provision ensures that such amendments are applicable to contracts that are yet to be executed as of the date of approval or publication. This section was inserted by an amendment in 1960.
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