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<h1>Central Government Empowered by Section 28 to Set Rules for Forward Contracts Act Implementation and Oversight.</h1> Section 28 of the Forward Contracts (Regulation) Act, 1952, grants the Central Government the authority to establish rules to implement the objectives of the Act. These rules can address various aspects, including the service terms for Commission members, application procedures and fees for recognition and registration, inquiry processes for association recognition, details in annual reports, and procedures for by-law amendments. Additionally, rules may cover the advisory committee's constitution and operations. Every rule must be presented to Parliament for approval, allowing modifications or annulments, which do not affect prior actions under the rule.