Rule making power under Forward Contracts Act enables executive to prescribe procedures and submit rules for parliamentary scrutiny. The Central Government may make rules to carry the Act into effect, including prescribing terms of service for Commission members, procedures and fees for recognition and registration applications, forms and processes for inquiries and recognition, annual report particulars, pre publication of bye laws for criticism, and the constitution and procedure of the advisory committee; rules must be laid before Parliament for scrutiny and may be modified or annulled by either House without affecting prior valid actions under those rules.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rule making power under Forward Contracts Act enables executive to prescribe procedures and submit rules for parliamentary scrutiny.
The Central Government may make rules to carry the Act into effect, including prescribing terms of service for Commission members, procedures and fees for recognition and registration applications, forms and processes for inquiries and recognition, annual report particulars, pre publication of bye laws for criticism, and the constitution and procedure of the advisory committee; rules must be laid before Parliament for scrutiny and may be modified or annulled by either House without affecting prior valid actions under those rules.
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