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of <h1>Forward Contracts Act Repealed; Security Board to Enforce Actions, Initiate Offences Within Three Years</h1> The Forward Contracts (Regulation) Act, 1952 is repealed, resulting in the dissolution of all related rules, regulations, authorities, and entities established under it. Actions previously taken under the Act will continue to be enforced by the Security Board. Offences and proceedings under the Act will still be governed by its provisions as if it had not been repealed. New proceedings for offences can be initiated by the Security Board within three years of the repeal. Courts cannot take cognizance of offences under the repealed Act, except as specified, without affecting the application of section 6 of the General Clauses Act, 1897.
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