https://www.taxtmi.com/acts?id=36376 Section 11 authorises a recognised association, with prior Central Government approval, to make bye-laws regulating forward contracts. Bye-laws may cover market hours, clearing house operations, classes of contracts for clearing, settlement days, market-rate declarations, contract terms and margin requirements, performance and default consequences, admission or prohibition of goods, dispute settlement including arbitration, fees and penalties, brokerage scales, regulation of bargains and price fluctuations, trading limits and member record obligations. Bye-laws may specify contraventions that void or make contracts illegal and may impose fines, suspension, expulsion or other non-monetary penalties; they require prescribed publication and government approval, subject to exemption in the public interest. en-us Fri, 08 Mar 2019 15:46:13 +0530 Fri, 08 Mar 2019 15:46:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36376 Section 11 authorises a recognised association, with prior Central Government approval, to make bye-laws regulating forward contracts. Bye-laws may cover market hours, clearing house operations, classes of contracts for clearing, settlement days, market-rate declarations, contract terms and margin requirements, performance and default consequences, admission or prohibition of goods, dispute settlement including arbitration, fees and penalties, brokerage scales, regulation of bargains and price fluctuations, trading limits and member record obligations. Bye-laws may specify contraventions that void or make contracts illegal and may impose fines, suspension, expulsion or other non-monetary penalties; they require prescribed publication and government approval, subject to exemption in the public interest. Act-Rules Indian Laws Fri, 08 Mar 2019 15:46:13 +0530 https://www.taxtmi.com/acts?id=36376