TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Section 21 of Forward Contracts Act 1952: Penalties for Unauthorized Forward Contracts, Misrepresentation, and Price Manipulation Explained</h1> Section 21 of the Forward Contracts (Regulation) Act, 1952, outlines penalties for individuals involved in unauthorized forward contracts in goods. It prohibits owning or maintaining places for such contracts outside recognized associations, organizing or assisting unrecognized associations, misrepresenting membership of recognized associations, and manipulating prices. Violations include unauthorized advertising, gathering for bids, and circulating false information affecting forward contracts. Penalties for first offenses include imprisonment up to two years, fines not less than one thousand rupees, or both. Subsequent offenses carry similar imprisonment and fines, with minimum penalties unless justified otherwise by the court.
TaxTMI 
TaxTMI 
