Commencement and amendment of Act 74 of 1952- Insertion of new section 28A- Savings of recognised associations

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....sions of this Part shall come into force on such date as the Central Government may, by notification, appoint and different dates may be appointed for different provisions of this Part. Insertion of new section 28A [B] In the Forward Contracts (Regulation) Act, 1952, (74 of 1952) (herein referred to as the Forward Contracts Act), after section 28, the following section shall be inserted, namely:....

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.... be associated with the commodity derivatives market, immediately before the transfer and vesting of rights and assets to the Securities and Exchange Board of India for which no registration certificate was necessary prior to such transfer, may continue to do so for a period of three months from such transfer or, if he has made an application for such registration within the said period of three m....

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....ment applicable to recognised associations under the Forward Contracts Act shall continue to remain in force for a period of one year from the date on which that Act is repealed, or till such time as notified by the Security Board, whichever is earlier, as if the Forward Contracts Act had not been repealed. (5) In addition to the powers under the Securities Contracts Regulation Act, the Security ....