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of <h1>Violating Chapter IV of Forward Contracts Act 1952 leads to penalties for false statements, unregistered associations, and more.</h1> Under the Forward Contracts (Regulation) Act, 1952, individuals violating certain provisions of Chapter IV face penalties. Offenses include making false statements, failing to provide required documents, entering into forward contracts during suspensions, associating with unregistered associations, and contravening specific sections regarding forward contracts. Penalties for a first offense include imprisonment up to one year, a minimum fine of one thousand rupees, or both. For repeat offenses under certain clauses, penalties include imprisonment up to one year and a fine, with a minimum one-month imprisonment and a fine of one thousand rupees unless the court provides special reasons otherwise.
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