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Functions of Forward Market Commission of India

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

(a) To advice the Central Government in respect of the recognition or withdrawal of recognition from any association. It also advices Government about any other matter arising out of the administration of this act. (b) Second function of the act includes the task of keeping forward markets under observation and take necessary actions. The actions taken should be according to powers given to the commission by the “Forward Contract Regulation Act”. (c) To collect information regarding the trading conditions in respect of goods (to which any of the provisions of this Act is made applicable) including information regarding supply, demand and prices. And publish information whenever the Commission thinks it necessary

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