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<h1>Draft Bye-laws Under Section 11(4) Must Be Posted for Public Review; Feedback Considered Before Approval</h1> Bye-laws subject to previous publication under Section 11(4) of the Forward Contracts (Regulation) Rules, 1954, must be posted as drafts on the notice board of the recognized association for public awareness. A notice should accompany the draft, indicating that it will be reviewed on or after a specified date, at least seven days post-publication. The association will consider any objections or suggestions received before this date. Both the association and the Central Government must evaluate these inputs before granting approval for the bye-laws.