Commodities to which sec. 15 have been applied thereby rendering illegal all forward contracts except those entered into between members of a recognised association or through or with such a member.

Commodities to which sec. 15 have been applied thereby rendering illegal all forward contracts except those entered into between members of a recognised association or through or with such a member. https://www.taxtmi.com/acts?id=36425 A broad prohibition on forward contracts is applied to numerous commodities under the Forward Contracts (Regulation) Rules, with legality limited to contracts between or through members of a recognised association. Key exemptions include TSD contracts for jute imports in Calcutta, permitted TSD trading in raw jute and related products, international futures trading in pepper allowing foreign parties, and export contracts between Indian exporters and foreign importers. Associations may only regulate forward trading if operating under a regulator-issued certificate of registration. en-us Fri, 08 Mar 2019 18:21:58 +0530 Fri, 08 Mar 2019 18:21:58 +0530 TaxTMI RSS Generator Commodities to which sec. 15 have been applied thereby rendering illegal all forward contracts except those entered into between members of a recognised association or through or with such a member. https://www.taxtmi.com/acts?id=36425 A broad prohibition on forward contracts is applied to numerous commodities under the Forward Contracts (Regulation) Rules, with legality limited to contracts between or through members of a recognised association. Key exemptions include TSD contracts for jute imports in Calcutta, permitted TSD trading in raw jute and related products, international futures trading in pepper allowing foreign parties, and export contracts between Indian exporters and foreign importers. Associations may only regulate forward trading if operating under a regulator-issued certificate of registration. Act-Rules Indian Laws Fri, 08 Mar 2019 18:21:58 +0530 https://www.taxtmi.com/acts?id=36425