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<h1>Section 29 Ensures Continuity by Repealing Conflicting Laws While Preserving Rights Under Forward Contracts Act, 1952</h1> Section 29 of the Forward Contracts (Regulation) Act, 1952, addresses the repeal of existing laws in any state that correspond to this Act or its provisions when they become applicable to specific goods. The repeal does not affect the previous operation of the repealed law, nor any rights, obligations, liabilities, penalties, or legal proceedings under it. Actions taken under the repealed law are considered valid under the new Act until replaced by new measures. This ensures continuity and legal consistency during the transition to the new regulatory framework.