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        Indian Laws

        Rule 4 - Payment of fee for recognition

        Forward Contracts (Regulation) Rules, 1954

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        Fee for recognition non-refundable; payment and remittance methods prescribed under Forward Contracts Rules, requiring specified deposit channels. Applicants under Rule 3 and Rule 3A must pay prescribed fees; payment is to be made by deposit at Government Treasury or State Bank branches (with deposits at specified cities to the Reserve Bank of India) or by crossed Indian Postal Order in favour of the Secretary, Forward Markets Commission, Mumbai. Deposited fees are credited to the Receipt Head for Forward Markets Commission receipts and adjusted by the Deputy Accountant General, Commerce, Works and Miscellaneous, Mumbai; such fees are non-refundable.
                          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.

                                Fee for recognition non-refundable; payment and remittance methods prescribed under Forward Contracts Rules, requiring specified deposit channels.

                                Applicants under Rule 3 and Rule 3A must pay prescribed fees; payment is to be made by deposit at Government Treasury or State Bank branches (with deposits at specified cities to the Reserve Bank of India) or by crossed Indian Postal Order in favour of the Secretary, Forward Markets Commission, Mumbai. Deposited fees are credited to the Receipt Head for Forward Markets Commission receipts and adjusted by the Deputy Accountant General, Commerce, Works and Miscellaneous, Mumbai; such fees are non-refundable.


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