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GOVERNMENT OF INDIA

FORWARD MARKETS COMMISSION

Ministry of Consumer Affairs, Food and u!"i# Distri!ution Com$endium of

1. FORWARD CONTRACTS %REG&'ATION( ACT, )*+2. FORWARD CONTRACTS %REG&'ATION( R&'ES, )*+-

3. TA.'ES INDICATING ITEMS IN W/IC/ FORWARD TRADING IS RO/I.ITED ORREG&'ATED

EVEREST, 3rd

Floor, 100, Marine Drive

M U M B A I 4 0 0 0 0 2

Fax o! 022"22#1 20#$% Tel! o! 22&'(300e")ail *)+-o)(!v.nl!ne/!in

e- .i/e !*)+!ov!in

UE 2003

C O N T E N T S

ARTIC&'ARS

AGENO0

F5RARD 65TRA6TS 7RE8U9ATI5: A6T, 1'(2! 01

F5RARD 65TRA6TS 7RE8U9ATI5: RU9ES, 1'(4! 34

TAB9E " I ; 65MM5DITIES T5

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%A#t No0 1- of )*+(

C/ATER I

re"iminary

1. Sor/ /i/le, ex/en/ and +o))en+e)en/!

2. De*ini/ionC/ATER II

For2ard Mar3ets Commission

3. E./a-li.)en/ and +on./i/>/ion o* /e Forard MarCe/. 6o))i..ion!

4. F>n+/ion. o* /e 6o))i..ion!

47A: =oer. o* /e 6o))i..ion!

C/ATER III

Re#o4nised Asso#iations

5. Ali+a/ion. *or re+oni/ion o* a..o+ia/ion!

6.8ran/ o* re+oni/ion /o a..o+ia/ion!

7. i/draal o* re+oni/ion!

8. =oer o* 6en/ral 8overn)en/ /o +all *or eriodi+al re/>rn. or dire+/ in>irie. /o -e)ade!

9. F>rni.in o* ann>al reor/. /o /e 6en/ral 8overn)en/ - re+oni.ed a..o+ia/ion!

'"A =oer o* re+oni.ed a..o+ia/ion. /o )aCe r>le. re.e+/in ro>in o* )e)-er.,re./ri+/in vo/in ri/., e/+ in .e+ial +a.e.!

10. =oer o* 6en/ral 8overn)en/ /o dire+/ r>le. /o -e )ade or /o )aCe r>le.!

11. =oer o* re+oni.ed a..o+ia/ion /o )aCe -e"la.!

12. =oer o* 6en/ral 8overn)en/ /o )aCe, or a)end -e"la. o* re+oni.ed a..o+ia/ion.!

12"A Ali+a/ion o* a)end)en/ o* -e"la. /o exi./in *orard +on/ra+/!

12"B =oer o* 6o))i..ion /o .>.end )e)-er o* re+oni.ed a..o+ia/ion or /o roi-i/ i)*ro) /radin

13. =oer o* 6en/ral 8overn)en/ /o .>.end overnin -od o* re+oni.ed a..o+ia/ion!

14. =oer /o .>.end ->.ine.. o* re+oni.ed a..o+ia/ion.!

C/ATER III5A

Re4istered Asso#iations

14"A 6er/i*i+a/e o* rei./ra/ion /o -e o-/ained - all a..o+ia/ion.!

14"B 8ran/ or re*>.al o* +er/i*i+a/e o* rei./ra/ion!

14"6 Ali+a/ion o* Se+/ion. # and 12"B /o rei./ered a..o+ia/ion.!

C/ATER IV

For2ard #ontra#ts 6 O$tions in Goods

15. Forard +on/ra+/. in no/i*ied ood. illeal or void in +er/ain +ir+>)./an+e.!

16. 6on.e>en+e. o* no/i*i+a/ion >nder Se+! 1(!

17. =oer /o roi-i/ *orard +on/ra+/. in +er/ain +a.e.!

18. Se+ial rovi.ion. re.e+/in +er/ain Cind. o* *orard +on/ra+/!

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19. =roi-i/ion o* o/ion. in ood.!C/ATERV

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ena"ties and ro#edures

20. =enal/ *or +on/raven/ion o* +er/ain rovi.ion. o* 6a/er IV!

21. =enal/ *or onin or Ceein la+e >.ed *or en/erin in/o *orard +on/ra+/. in ood.!

21"A =oer o* 6o>r/ /o order *or*ei/>re o* roer/!

22. 5**en+e. - +o)anie.!22A =oer /o .ear+ and .eiGe -ooC. o* a++o>n/ or o/er do+>)en/.!

23. 6er/ain o**en+e. /o -e +oniGa-le!

24. >ri.di+/ion /o /r o**en+e >nder /i. A+/!

C/ATER VI

Mis#e""aneous

25. Advi.or 6o))i//ee!

26. =oer /o delea/e!

27. =oer /o exe)/!

2& A =ro/e+/ion o* a+/ion /aCen in ood *ai/!28. =oer /o )aCe r>le.!

29. Reeal and .avin.!

FORWARD CONTRACTS %REG&'ATION( ACT, )*+0

%A#t No0 1- of )*+(

An a#t to $ro7ide for t8e re4u"ation of #ertain matters re"atin4 to for2ard#ontra#ts, t8e $ro8i!ition of o$tions in 4oods and for matters #onne#ted t8ere2it80

C/ATER I

re"iminary

1. S8ort tit"e, e9tent and #ommen#ement0

(1) Ti. A+/ )a -e +alled /e Forard 6on/ra+/. 7Re>la/ion: A+/, 1'(2!

(2) I/ ex/end. /o /e ole o* IndiaH1 HJ J J!

(3) 6a/er I .all +o)e in/o *or+e a/ on+e, and /e re)ainin rovi.ion. .all +o)e in/o

*or+e on .>+ da/e or da/e. a. /e 6en/ral 8overn)en/ )a, - no/i*i+a/ion in /e 5**i+ial

8aGe//e, aoin/, and di**eren/ da/e. )a -e aoin/ed *or di**eren/ rovi.ion. o* /i. A+/,

*or di**eren/ S/a/e. or area., and *or di**eren/ ood. or +la..e. o* ood.!

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2. Definition In /i. A+/, >nle.. /e+on/ex/ o/eri.e re>ire.,

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(1) :association; )ean. an -od o* individ>al. e/er in+orora/ed or no/, +on./i/>/ed*or /e >ro.e o* re>la/in and +on/rollin /e ->.ine.. o* /e .ale or >r+a.e o* an

ood.K

(2) commission )ean. /e Forard MarCe/. 6o))i..ion e./a-li.ed >nder .e+! 3K

(3)forward contract )ean. a +on/ra+/ *or /e deliver o* ood.H2 HJ J J and i+

i. no/ a read deliver +on/ra+/

(4) goods )ean. ever Cind o* )ova-le roer/ o/er /an a+/iona-le +lai).,)one and .e+>ri/ie.K

(5) Government security )ean. a 8overn)en/ .e+>ri/ a. de*ined in /e =>-li+ De-/

A+/, 1'44 7@VIII 5F 1'44:K

(6)non-transferable specific delivery contract )ean. a .e+i*i+ deliver +on/ra+/, /e

ri/. or lia-ili/ie. >nder i+ or >nder an deliver order, raila re+ei/, -ill o* ladin,

areo>.e re+ei/ or an o/er do+>)en/. o* /i/le rela/in /ere/o are no/ /ran.*era-leK

7:option in goods )ean. an aree)en/, - a/ever na)e +alled, *or /e >r+a.e or

.ale o* a ri/ /o -> or .ell, or a ri/ /o -> and .ell, ood. in *>/>re and in+l>de. a teji,

a mandi, a teji-mandi, a galli, aput, a +all or aput, and +all in ood.K

(8) prescribed )ean. re.+ri-ed - r>le. )ade >nder /i. A+/K

(9)ready delivery contract )ean. a +on/ra+/ i+ rovide. *or /e deliver o* ood. and/e a)en/ o* a ri+e /ere*or, ei/er i))edia/el or i/in .>+ eriod no/ ex+eedin eleven

da. a*/er /e da/e o* /e +on/ra+/ and .>-Le+/ /o .>+ +ondi/ion. a. /e 6en/ral

8overn)en/ )a, - no/i*i+a/ion in /e o**i+ial 8aGe//e, .e+i* in re.e+/ o* an ood., /e

eriod >nder .>+ +on/ra+/ no/ -ein +aa-le o* ex/en.ion - /e )>/>al +on.en/ o* /e

ar/ie. /ere/o or o/eri.eK

[3] H=rovided /a/ ere an .>+ +on/ra+/ i. er*or)ed ei/er oll or inar/"

(1) - /enderin o* /e do+>)en/. o* /i/le /o /e ood. +overed - /e +on/ra+/

- an ar/ /ere/o 7no/ -ein a +o))i..ion aen/ or a -anC: o a.

a+>ired oner.i o* /e .aid do+>)en/. - >r+a.e, ex+ane or

o/eri.e, /o an o/er er.on 7in+l>din a +o))i..ion aen/ ->/ no/in+l>din a -anC:K or

(2) - /e reali.a/ion o* an .>) o* )one -ein /e di**eren+e -e/een /e+on/ra+/ ra/e and /e .e//le)en/ ra/e or +learin ra/e or /e ra/e o* an

o**.e//in +on/ra+/ or

(3) - an o/er )ean. a/.oever, and a. a re.>l/ o* i+ /e a+/>al /enderino* /e ood. +overed - /e +on/ra+/ or a)en/ o* /e *>ll"ri+e /ere*or i.

di.en.ed i/ /en .>+ +on/ra+/ .all no/ -e dee)ed /o -e a read deliver

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+on/ra+/! Explanation. - For /e >ro.eo* /i. +la>.e! "

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(1) bank in+l>de. an -anCin +o)an a. de*ined in /e BanCin Re>la/ion A+/,

1'4' 7110 o* 1'4':, a +o"oera/ive -anC a. de*ined in /e Re.erve BanC o* India A+/,

1'34 72 o* 1'34:, /e S/a/e BanC o* India and an o* i/. .>-.idiarie. and an

+orre.ondin ne -anC +on./i/>/ed >nder Se+! 3 o* /e BanCin 6o)anie. 7A+>i.i/ion

and Tran.*er o* Under/aCin.: A+/, 1'&0 7( o* 1'&0:K(2) commission agent )ean. a er.on o, in /e ordinar +o>r.e o* ->.ine..,

)aCe. +on/ra+/ *or /e .ale or >r+a.e o* ood. *or o/er. *or a re)>nera/ion 7e/er

Cnon a. +o))i..ion or o/eri.e: i+ i. de/er)ined in /e +on/ra+/ i/.el* or

de/er)ina-le *ro) /e /er). o* /e +on/ra+/ in ei/er +a.e, onl i/ re*eren+e /o /e

>an/i/ o* ood. or /o /e ri+e /ere*or a. ./i>la/ed in /e +on/ra+/K

H4 7L: recognised association )ean. an a..o+ia/ion /o i+ re+oni/ion *or /e/i)e -ein a. -een ran/ed - /e 6en/ral 8overn)en/ >nder Se+! $ in re.e+/ o*ood. or +la..e. o* ood. .e+i*ied in .>+ re+oni/ionK

7LL: registered association )ean. an a..o+ia/ion /o i+ *or /e /i)e -ein a+er/i*i+a/e o* rei./ra/ion a. -een ran/ed - /e 6o))i..ion >nder Se+! 14"BK

(11)rules i/ re*eren+e /o /e r>le. rela/in in eneral /o /e +on./i/>/ion and)anae)en/ o* an a..o+ia/ion, in+l>de. in /e +a.e o* an in+orora/ed a..o+ia/ion, i/.

)e)orand>) and ar/i+le. o* a..o+ia/ionK

(12) securities in+l>de. .are., .+ri/., ./o+C., -ond., de-en/>re., de-en/>re"./o+C., or o/er )arCe/a-le .e+>ri/ie. o* a liCe na/>re in or o* an in+orora/ed +o)an

or o/er -od +orora/e and al.o overn)en/ .e+>ri/ie.

(13) specific delivery contract )ean. a *orard +on/ra+/ i+ rovide. *or /e

a+/>al deliver o* .e+i*i+ >ali/ie. or /e. o* ood. d>rin a .e+i*ied *>/>re eriod a/ a

ri+e *ixed /ere- or /o -e *ixed in /e )anner /ere- areed and in i+ /e na)e.

o* -o/ /e ->er and /e .eller are )en/ioned

(14)transferable specific delivery contract )ean. .e+i*i+ deliver +on/ra+/ i+i. no/ a non"/ran.*era-le .e+i*i+ deliver +on/ra+/

H( Hand i+ i. .>-Le+/ /o .>+

+ondi/ion. rela/in /o i/. /ran.*era-ili/ a. /e 6en/ral 8overn)en/ )a - no/i*i+a/ion in

/e o**i+ial 8aGe//e, .e+i* in /i. -eal*!

C/ATER II

For2ard Mar3ets Commission

3. Esta!"is8ment and #onstitution of t8e For2ard Mar3ets Commission055

(1) Te 6en/ral 8overn)en/ )a, - no/i*i+a/ion in /e o**i+ial 8aGe//e, e./a-li. a6o))i..ion /o -e +alled /e Forard MarCe/. 6o))i..ion *or /e >ro.e o* exer+i.in .>+

*>n+/ion. and di.+arin .>+ d>/ie. a. )a -e a..ined /o /e 6o))i..ion - or >nder

/i. A+/!

(2) Te 6o))i..ion .all +on.i./ o* no/ le.. /an /o,H$ H->/ no/ ex+eedin *o>r

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)e)-er. aoin/ed - /e 6en/ral 8overn)en/H& Hone o* /e) -ein no)ina/ed - /e

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6en/ral 8overn)en/ /o -e /e 6air)an /ereo*K and /e 6air)an and /e o/er )e)-er

or )e)-er. .all -e ei/er ole"/i)e or ar/" /i)e a. /e 6en/ral 8overn)en/ )a

dire+/

H#

H=rovided /a/ /e )e)-er. /o -e .o aoin/ed .all -e er.on. o* a-ili/, in/eri/ and./andin o ave .on +aa+i/ in dealin i/ ro-le). rela/in /o +o))er+e or

+o))odi/ )arCe/., or in ad)ini./ra/ion or o ave .e+ial Cnolede or ra+/i+al

exerien+e in an )a//er i+ render. /e) .>i/a-le *or aoin/)en/ on /e 6o))i..ion!

73: o er.on .all -e >ali*ied *or aoin/)en/ a., or *or +on/in>in /o -e, a )e)-er o*

/e 6o))i..ion i* e a., dire+/l or indire+/l, an .>+ *inan+ial or o/er in/ere./ a. i.

liCel /o a**e+/ reL>di+iall i. *>n+/ion. a. a )e)-er o* /e 6o))i..ion, and ever

)e)-er .all, enever re>ired - /e 6en/ral 8overn)en/ .o /o do, *>rni. /o i/ .>+

in*or)a/ion a. i/ )a re>ire *or /e >ro.e o* .e+>rin +o)lian+e i/ /e rovi.ion. o*

/i. .>-".e+/ion!

(4) o )e)-er o* /e 6o))i..ion .all old o**i+e *or a eriod o* )ore /an /ree ear.*ro) /e da/e o* i. aoin/)en/, and a )e)-er relin>i.in i. o**i+e on /e exir o* i.

/er) .all -e elii-le *or re"aoin/)en/!

(5) Te o/er /er). and +ondi/ion. o* .ervi+e o* )e)-er. o* /e 6o))i..ion .all -e .>+a. )a -e re.+ri-ed!

4. Fun#tions of t8e Commission" Te *>n+/ion. o* /e 6o))i..ion .all -e

7a: To advi.e /e 6en/ral 8overn)en/ in re.e+/ o* /e re+oni/ion o* or /e i/draal o*

re+oni/ion *ro) an a..o+ia/ion or in re.e+/ o* an o/er )a//er ari.in o>/ o* /e

ad)ini./ra/ion o* /i. A+/K

H' 7-: To Cee *orard )arCe/. >nder o-.erva/ion and /o /aCe .>+ a+/ion in rela/ion /o

/e) a. i/ )a +on.ider ne+e..ar, in exer+i.e o* /e oer. a..ined /o i/ - or >nder /i.A+/K

(3) To +olle+/ and enever /e 6o))i..ion /inC. i/ ne+e..ar >-li. in*or)a/ion

reardin /e /radin +ondi/ion. in re.e+/ o* ood. /o i+ an o* /e rovi.ion. o* /i.

A+/ i. )ade ali+a-le, in+l>din in*or)a/ion reardin .>l, de)and and ri+e., and /o.>-)i/ /o /e 6en/ral 8overn)en/ eriodi+al reor/. on /e oera/ion o* /i. A+/ and on /e

orCin o* *orard )arCe/. rela/in /o .>+ ood.K

(4) To )aCe re+o))enda/ion. enerall i/ a vie /o i)rovin /e orani.a/ion andorCin o* *orard )arCe/.K

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(5) To >nder/aCe /e in.e+/ion o* /e a++o>n/. and o/er do+>)en/. o*H10

Han re+oni.ed

a..o+ia/ion or rei./ered a..o+ia/ion or an )e)-er o* .>+ a..o+ia/ion enever i/+on.ider. i/ ne+e..arK and

(6) To er*or) .>+ o/er d>/ie. and exer+i.e .>+ o/er oer. a. )a -e a..ined /o /e6o))i..ion - or >nder /i. A+/, or a. )a -e re.+ri-ed!

Man o* /e re>la/or *>n+/ion.%oer. o* /e 6en/ral 8overn)en/ ave -een delea/e /o

/e 6o))i..ion in /e ear 1'$0, *or e! Se+/ion. $ 72: 7a:,$ 73:, #71:, #72: 7a: and

7-:,1071:, 1271: and 147+:!)ro.e o* en*or+in /e

a//endan+e o* i/ne..e., /e lo+al li)i/. o*/e 6o))i..ion. L>ri.di+/ion .all -e /eli)i/. o* /e /erri/or o* India!

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C/ATER III

Re#o4nised Asso#iations

+0 A$$"i#ation for re#o4nition of asso#iations0

(1) An a..o+ia/ion +on+erned i/ /e re>la/ion and +on/rol o* *orard +on/ra+/. i+ i.de.iro>. o* -ein re+oni.ed *or /e >ro.e. o* /i. A+/ )a )aCe an ali+a/ion in /e

re.+ri-ed )anner /o /e 6en/ral 8overn)en/!

(2) Ever ali+a/ion )ade >nder .>-".e+/ion 71: .all +on/ain .>+ ar/i+>lar. a. )a -e

re.+ri-ed and .all -e a++o)anied - a +o o* /e -e"la. *or /e re>la/ion and

+on/rol o* *orard +on/ra+/. and al.o a +o o* /e r>le. rela/in in eneral /o /e

+on./i/>/ion o* /e a..o+ia/ion, and, in ar/i+>lar /o""

(1) /e overnin -od o* .>+ a..o+ia/ion, i/. +on./i/>/ion and oer. o*)anae)en/ and /e )anner in i+ i/. ->.ine.. i. /o -e /ran.a+/edK

(2) /e oer. and d>/ie. o* /e o**i+e"-earer. o* /e a..o+ia/ionK

(3) /e ad)i..ion in/o /e a..o+ia/ion o* vario>. +la.. o* )e)-er., /e>ali*i+a/ion. o* )e)-er., and /e ex+l>.ion, .>.en.ion, ex>l.ion and re"

ad)i..ion o* )e)-er. /ere*ro) or /erein /oK

(4) /e ro+ed>re *or rei./ra/ion o* ar/ner.i. a. )e)-er. o* /e a..o+ia/ionand /e no)ina/ion and aoin/)en/ o* a>/ori.ed rere.en/a/ive. and

+lerC.!

=0 Grant of re#o4nition to asso#iation05

(1) I* /e 6en/ral 8overn)en/, a*/er )aCin .>+ in>ir a. )a -e ne+e..ar in /i.

-eal* and a*/er o-/ainin .>+ *>r/er in*or)a/ion, i* an, a. i/ )a re>ire, i. .a/i.*ied /a/

i/ o>ld -e in /e in/ere./ o* /e /rade and al.o in /e >-li+ in/ere./ /o ran/ re+oni/ion /o

/e a..o+ia/ion i+ a. )ade an ali+a/ion >nder Se+! (, i/ )a ran/ re+oni/ion /o /e

a..o+ia/ion in .>+ *or) and .>-Le+/ /o .>+ +ondi/ion. a. )a -e re.+ri-ed or .e+i*ied,

and .all .e+i* in .>+ re+oni/ion /e ood. or +la..e. o* ood. i/ re.e+/ /o i+

*orard +on/ra+/. )a -e en/ered in/o -e/een )e)-er. o* .>+ a..o+ia/ion or /ro> or

i/ an .>+ )e)-er!

(2) Be*ore ran/in re+oni/ion >nder .>-".e+/ion 71:, /e 6en/ral 8overn)en/ )a, -order, dire+/, "

(1) /a/ /ere .all -e no li)i/a/ion on /e n>)-er o* )e)-er. o* /e a..o+ia/ionor /a/ /ere .all -e .>+ li)i/a/ion on /e n>)-er o* )e)-er. a. )a -e

.e+i*iedK

(2) /a/ /e a..o+ia/ion .all rovide *or /e aoin/)en/ - /e 6en/ral

8overn)en/ o* a er.on, e/er a )e)-er o* /e a..o+ia/ion or no/ a.

rere.en/a/ive on, and o* no/ )ore /an /ree er.on. rere.en/in in/ere./.

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no/ dire+/l rere.en/ed /ro> )e)-er.i o* /e a..o+ia/ion a. )e)-er

or )e)-er. o* /e overnin -od o* .>+ a..o+ia/ion and )a re>ire /e

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73: ere an in>ir in rela/ion /o /e a**air. o* a re+oni.ed a..o+ia/ion or /e a**air. o*an o* i/. )e)-er. a. -een >nder/aCen >nder .>-".e+/ion 72: "

(1) ever dire+/or, )anaer, .e+re/ar or o/er o**i+er o* .>+ a..o+ia/ionK

(2) ever )e)-er o* .>+ a..o+ia/ionK

(3) i* /e )e)-er o* /e a..o+ia/ion i. a *ir), ever ar/ner, )anaer, .e+re/ar oro/er o**i+er o* /e *ir)K and

(4) ever o/er er.on or -od o* er.on. o a. ad dealin. in /e +o>r.e o*->.ine.. i/ an o* /e er.on. )en/ioned in +la>.e 7a:, 7-: and 7+:,

.all -e -o>nd /o rod>+e -e*ore /e a>/ori/ )aCin /e in>ir, all .>+ -ooC.,

a++o>n/., +orre.onden+e and o/er do+>)en/. in i. +>./od or oer rela/in /o,

or avin a -earin on /e .>-Le+/ )a//er o*, .>+ in>ir and al.o /o *>rni. /e

a>/ori/ i/ an .>+ ./a/e)en/ or in*or)a/ion rela/in /ere/o a. )a -e re>ired

o* i), i/in .>+ /i)e a. )a -e .e+i*ied!

H1$ H74: Ever re+oni.ed a..o+ia/ion and ever )e)-er /ereo* .all )ain/ain .>+ -ooC.o* a++o>n/. and o/er do+>)en/. a. /e 6o))i..ion )a .e+i* and /e -ooC. o* a++o>n/

and o/er do+>)en/. .o .e+i*ied .all -e re.erved *or a eriod no/ ex+eedin /ree ear.

a. /e 6o))i..ion )a .e+i* and .all -e .>-Le+/ /o in.e+/ion a/ all rea.ona-le /i)e. -

/e 6o))i..ion!

*0 Furnis8in4 of annua" re$orts to t8e Commission !y re#o4nised asso#iation0 55

H1& H71: Ever re+oni.ed a..o+ia/ion .all *>rni. /o /e 6o))i..ion /ree +oie. o* i/.

ann>al reor/!

72: S>+ ann>al reor/ .all +on/ain .>+ ar/i+>lar. a. )a -e re.+ri-ed!

@ le. or a)end an r>le. )ade - i/ /o rovide *orall or an o* /e *olloin )a//er., na)el

H1' H7a: Te ad)i..ion o* a *ir) or a >ndivided *a)il a. a )e)-er

H20 H7-: /e ro>in o* /e )e)-er. o* /e a..o+ia/ion a++ordin /o *>n+/ional or lo+al

in/ere./., re.erva/ion o* .ea/. on i/. overnin -od *or )e)-er. -elonin /o ea+

ro> and aoin/)en/ o* )e)-er. /o .>+ re.erved .ea/."""

(1)- ele+/ion ex+l>.ivel - /e )e)-er. o* /e a..o+ia/ion *ro) a)on er.on.+o.en - /e )e)-er. -elonin /o /e ro> +on+erned,

(2) - ele+/ion - all /e )e)-er. o* /e a..o+ia/ion,

(3) - ele+/ion - all /e )e)-er. o* /e a..o+ia/ion *ro) a)on er.on +o.en - /e)e)-er. -elonin /o /e ro> +on+erned *or /e >ro.e.K

H21 H7+: /e re./ri+/ion o* vo/in ri/. in

re.e+/ o* an )a//er la+ed -e*ore /ea..o+ia/ion a/ an )ee/in /o /o.e )e)-er.

onl o, - rea.on o* /eir *>n+/ional orlo+al in/ere./., are a+/>all in/ere./ed in .>+

)a//erK

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H22 H7d: /e re>la/ion o* vo/in ri/. in re.e+/ o* an )a//er la+ed -e*ore /e

a..o+ia/ion a/ an )ee/in .o /a/ ea+ )e)-er )a, -e en/i/led /o ave one vo/e onl,irre.e+/ive o* i. .are o* /e aid > e>i/ +ai/al o* /e a..o+ia/ionK

H23 H 7e: /e re./ri+/ion on /e ri/. o* a )e)-er /o aoin/ ano/er er.on a. i.

rox /o a//end and vo/e a/ a )ee/in o* /e a..o+ia/ionKH24 H7*: /e re/ire)en/ a/ ever ann>al eneral )ee/in o* all dire+/or. or .>+ n>)-eror roor/ion o* /eir /o/al n>)-er a. )a -e .e+i*ied in /e r>le.K

H2( H7: .>+ in+iden/al, +on.e>en/ial and .>le)en/ar )a//er. a. )a -e

ne+e..ar /o ive e**e+/ /o an o* /e )a//er. .e+i*ied inH2$ H6la>.e. 7a: /o 7*:!

72: o r>le. o* a re+oni.ed a..o+ia/ion )ade or a)ended in rela/ion /o an )a//er re*erred

/o inH2& H6la>.e 7a: /o 7: o* .>-".e+/ion 71: .all ave e**e+/ >n/il /e ave -een

aroved - /e 6o))i..ion and >-li.ed - /a/ 8overn)en/ in /e o**i+ial 8aGe//e and,

in arovin /e r>le. .o )ade or a)ended, /e 6o))i..ion )a )aCe .>+ )odi*i+a/ion

/erein a. i/ /inC. *i/, and on .>+ >-li+a/ion, /e r>le. aroved - /e 6o))i..ion .all

-e dee)ed /o ave -een validl )ade, no/i/./andin an/in /o /e +on/rar +on/ainedin /e 6o)anie. A+/, 1'($!

73: ere, -e*ore /e +o))en+e)en/ o* /e Forard 6on/ra+/. 7Re>la/ion: A)end)en/

A+/, 1'(&732 o* 1'(&:, an r>le. ave -een )ade or a)ended in rela/ion /o an )a//er

re*erred /o inH2# H+la>.e. 7-: /o 7e: and 7: o* .>-".e+/ion 71:, /e r>le. .o )ade or

a)ended .all no/ -e dee)ed /o -e invalid or ever /o ave -een invalid )erel - rea.on o*

/e *a+/ /a/ /e r>le. .o )ade or a)ended are re>nan/ /o an o* /e rovi.ion. o* /e

6o)anie. A+/, 1'($!

10. o2er of Centra" Go7ernment to dire#t ru"es to !e made or to ma3e ru"es0

(1) enever /e 6en/ral 8overn)en/ +on.ider. i/ exedien/ .o /o do, i/ )a, - order inri/in, dire+/ an re+oni.ed a..o+ia/ion /o )aCe an r>le. or /o a)end an r>le. )ade -

/e re+oni.ed a..o+ia/ion i/in .>+ eriod a. i/ )a .e+i* in /i. -eal*!

(2) I* an re+oni.ed a..o+ia/ion, aain./ o) an order i. i..>ed - /e 6en/ral

8overn)en/ >nder .>-".e+/ion 71:, *ail. or nele+/. /o +o)l i/ .>+ order i/in /e

.e+i*ied eriod, /e 6en/ral 8overn)en/ )a )aCe /e r>le. or a)end /e r>le. )ade -

/e re+oni.ed a..o+ia/ion, a. /e +a.e )a -e, ei/er in /e *or) .e+i*ied in /e order or

i/ .>+ )odi*i+a/ion /ereo* a. /e 6en/ral 8overn)en/ )a /inC *i/!

H2' H73: ere, in >r.>an+e o* .>-".e+/ion 72:, an r>le. ave -een )ade or a)ended, /e

r>le .o )ade or a)ended .all -e >-li.ed in /e 8aGe//e o* India, and .all, /ere>on, ave

e**e+/ no/i/./andin an/in /o /e +on/rar +on/ained in /e 6o)anie. A+/, 1'($

71 o* 1'($:, or an o/er la *or /e /i)e -ein in *or+e, a. i* /e ad -een )ade ora)ended - /e re+oni.ed a..o+ia/ion +on+erned!

11. o2er of re#o4nised asso#iation to ma3e !ye5"a2s0 55

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(1) An re+oni.ed a..o+ia/ion )a, .>-Le+/ /o /e revio>. aroval o* /e 6en/ral8overn)en/, )aCe -e"la. *or /e re>la/ion and +on/rol o* *orard +on/ra+/.!

(2) In ar/i+>lar, and i/o>/ reL>di+e /o /e enerali/ o* /e *oreoin oer, .>+ -e"

la. )a rovide *or """"(1) /e oenin and +lo.in o* )arCe/. and /e re>la/ion o* /e o>r. o* /radeK

(2) a +learin"o>.e *or /e eriodi+al .e//le)en/ o* +on/ra+/. and di**eren+e.

/ere>nder, /e deliver o*, and a)en/ *or, ood., /e a..in on o*

deliver order. and *or /e re>la/ion and )ain/ainan+e o* .>+ +learin

o>.eK

(3) /e n>)-er and +la..e. o* +on/ra+/. in re.e+/ o* i+ .e//le)en/. .all -e)ade or di**eren+e. aid /ro> /e +learin o>.eK

(4) *ixin, al/erin or o./onin da. *or .e//le)en/K

(5) de/er)inin and de+larin )arCe/ ra/e.K in+l>din oenin, +lo.in, ie./and loe./ ra/e. *or ood.K

(6) /e /er)., +ondi/ion. and in+iden/. o* +on/ra+/. in+l>din /e re.+ri/ion o*)arin re>ire)en/., i* an, and +ondi/ion. rela/in /ere/o, and /e *or). o*

+on/ra+/ in ri/inK

(7) re>la/in /e en/erin in/o, )aCin er*or)an+e., re.+i..ion and /er)ina/ion

o* +on/ra+/., in+l>din +on/ra+/. -e/een )e)-er. or -e/een a +o))i..ion

aen/ and i. +on./i/>en/, or -e/een a -roCer and i. +on./i/>en/, or

-e/een a )e)-er o* /e re+oni.ed a..o+ia/ion and a er.on o i. no/ a

)e)-er, and /e +on.e>en+e. o* de*a>l/ or in.olven+ on /e ar/ o* a .eller

or ->er or in/er)ediar, /e +on.e>en+e. o* a -rea+ or o)i..ion - a

.eller or ->er and /e re.on.i-ili/ o* +o))i..ion aen/. and -roCer. o

are no/ ar/ie. /o .>+ +on/ra+/.K

(8) /e ad)i..ion and roi-i/ion o* .e+i*i+ +la..e. or /e. o* ood. or o*dealin. in ood. - a )e)-er o* /e re+oni.ed a..o+ia/ionK

(9) /e )e/od and ro+ed>re *or /e .e//le)en/ o* +lai). or di.>/e. in+l>din/e .e//le)en/ /ereo* - ar-i/ra/ionK

(10) /e lev and re+over o* *ee., *ine. and enal/ie.K

(11) /e re>la/ion o* /e +o>r.e o* ->.ine.. -e/een ar/ie. /o +on/ra+/. in an+aa+i/K

(12) /e *ixin o* .+ale o* -roCerae and o/er +are.K

(13) /e )aCin, +o)arin, .e//lin and +lo.in o* -arain.K

(14) /e re>la/ion o* *l>+/>a/ion. in ra/e. and ri+e.K(15) /e e)eren+ie. in /rade i+ )a ari.e and /e exer+i.e o* oer. in .>+

e)eren+ie. in+l>din /e oer /o *ix )axi)>) and )ini)>) ri+e.K

(16) /e re>la/ion o* dealin. - )e)-er. *or /eir on a++o>n/K

(17) /e li)i/a/ion. on /e vol>)e o* /rade done - an individ>al )e)-erK

(18) /e o-lia/ion o* )e)-er. /o .>l .>+ in*or)a/ion or exlana/ion and /orod>+e .>+ -ooC. rela/in /o /eir ->.ine.. a. /e overnin -od )a

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re>ire!

(3) Te -e"la. )ade >nder /i. .e+/ion )a "

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7a: .e+i* /e -e"la. /e +on/raven/ion o* an o* i+ .all )aCe a +on/ra+/ en/ered

in/o o/eri.e /an in a++ordan+e i/ /e -e"la. void >nder .>-".e+/ion 72: o*

Se+/ion 1(K

H30 H7aa: .e+i* /e -e"la. /e +on/raven/ion o* an o* i+ .all )aCe a *orard

+on/ra+/ en/ered in/o o/eri.e /an in a++ordan+e i/ -e"la. illeal >nder .>-".e+/ion 73 A: o* Se+/ion 1(K

(2) rovide /a/ /e +on/raven/ion o* an o* /e -e"la. .all ""

(1) render /e )e)-er +on+erned lia-le /o *ineK or

(2) render /e )e)-er +on+erned lia-le /o ex>l.ion or .>.en.ion *ro) /ere+oni.ed a..o+ia/ion or /o an enal/ o* a liCe na/>re no/ involvin /e

a)en/ o* )one!

(4) An -e"la. )ade >nder /i. .e+/ion .all -e .>-Le+/ /o .>+ +ondi/ion. in reard /o

revio>. >-li+a/ion a. )a -e re.+ri-ed and en aroved - /e 6en/ral 8overn)en/,

.all -e >-li.ed in /e 8aGe//e o* IndiaH31 HJ J J K

=rovided /a/ /e 6en/ral 8overn)en/ )a, in /e in/ere./ o* /e /rade or in /e >-li+in/ere./, - order in ri/in, di.en.e i/ /e +ondi/ion o* revio>. >-li+a/ion in an +a.e!

)0 o2er of Centra" Go7ernment to ma3e, or amend !ye5"a2s of re#o4nisedasso#iation0

71: Te 6en/ral 8overn)en/ )a, ei/er on a re>e./ in ri/in re+eived - i/ in /i. -eal*

*ro) /e overnin -od o* a re+oni.ed a..o+ia/ion, or i* in i/. oinion i/ i. exedien/ .o /o

do, )aCe -e"la. *or all or an o* /e )a//er. .e+i*ied in Se+/ion 11 or a)end an -e"

la. )ade - .>+ a..o+ia/ion >nder /a/ .e+/ion!

72: ere, in >r.>an+e o* /i. .e+/ion, an -e"la. ave -een )ade or a)ended, /e

-e"la. .o )ade or a)ended .all -e >-li.ed in /e 8aGe//e o* India,H32 Hand .all

/ere>on ave e**e+/ a. i* /e ad -een )ade or a)ended - /e re+oni.ed a..o+ia/ion!

73: o/i/./andin an/in +on/ained in /i. .e+/ion ere /e overnin -od o* a

re+oni.ed a..o+ia/ion o-Le+/. /o an -e"la )ade or a)ended >nder /i. .e+/ion - /e

6en/ral 8overn)en/ on i/. on )o/ion, i/ )a, i/in .ix )on/. o* /e >-li+a/ion /ereo*

>nder .>-".e+/ion 72:, al /o /e 6en/ral 8overn)en/ *or a revi.ion /ereo*, and /e

6en/ral 8overn)en/ )a, a*/er ivin a rea.ona-le oor/>ni/ /o /e overnin -od o* /e

a..o+ia/ion /o -e eard in /e )a//er, revi.e /e -e"la. .o )ade or a)ended, and ere

an -e"la. .o )ade or a)ended are revi.ed a. a re.>l/ o* an a+/ion /aCen >nder /i.

.>-".e+/ion /e -e"la. .o revi.ed .all -e >-li.ed and .all -e+o)e e**e+/ive a.

rovided in .>-".e+/ion 72:!

74: Te )aCin or /e a)end)en/ or revi.ion o* an -e"la. >nder /i. .e+/ion .all in

+a.e. -eH33 H.>-Le+/ /o .>+ +ondi/ion. in reard /o revio>. >-li+a/ion a. )a -e

re.+ri-ed

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=rovided /a/ /e 6en/ral 8overn)en/ )a, in /e in/ere./ o* /e /rade or in /e >-li+in/ere./, - order in ri/in di.en.e i/ /e +ondi/ion o* revio>. >-li+a/ion!

H34 H) A A$$"i#ation of amendment of !ye5"a2s to e9istin4 for2ard #ontra#t055

An a)end)en/ o* a -e"la >nder Se+! 11 o/er /an an a)end)en/ )ade in

>r.>an+e o* +la>.e 7a: or +la>.e 7aa: o* .>-".e+/ion 73: o* /a/ .e+/ion or >nder Se+/ion 12

.all al.o al /o all *orard +on/ra+/. en/ered in/o -e*ore /e da/e o* i/. aroval - /e

6en/ral 8overn)en/ or -e*ore /e da/e o* i/. >-li+a/ion in /e 8aGe//e o* India, a. /e +a.e)a -e, and re)ainin /o -e er*or)ed on or a*/er /e .aid da/e!

) . o2er of Commission to sus$end mem!er of re#o4nised asso#iation or to$ro8i!it 8im from tradin4055

71: I*, in /e in/ere./ o* /rade or in /e >-li+ in/ere./, /e 6o))i..ion +on.ider. i/

ne+e..ar /o .>.end a )e)-er *ro) i. )e)-er.i o* an re+oni.ed a..o+ia/ion or /oroi-i/ .>+ )e)-er. *ro) en/erin in/o an *orard +on/ra+/ *or /e .ale or >r+a.e in

i. on na)e or /ro> ano/er )e)-er o* a re+oni.ed a..o+ia/ion o* an ood. or +la..

o* ood., /en, no/i/./andin an/in +on/ained in an la *or /i)e -ein in *or+e or in

/e r>le. or -e"la. o* a re+oni.ed a..o+ia/ion, /e 6o))i..ion )a a*/er ivin an

oor/>ni/ /o /e )e)-er +on+erned o* -ein eard, - order, .>.end i. )e)-er.i o*

an a..o+ia/ion or roi-i/ i) *ro) en/erin in/o an .>+ +on/ra+/!

(2) An order )ade >nder .>-".e+/ion 71: .all .e+i* /e eriod *or i+ /e .>.en.ionor roi-i/ion i. /o ave e**e+/ and .>+ eriod )a -e ex/ended *ro) /i)e /o /i)e ->/ .o a.

no/ /o ex+eed /ree ear. in /e area/e!

(3) o order )ade >nder .>-".e+/ion 71: in re.e+/ o* an )e)-er o* a re+oni.ed

a..o+ia/ion .all a**e+/ /e validi/ o* an *orard +on/ra+/ en/ered in/o or )ade - i/ or

/ro> .>+ )e)-er on or -e*ore /e da/e o* .>+ order and re)ainin /o -e er*or)ed

on or a*/er /e .aid da/eK ->/ /e 6o))i..ion )a )aCe .>+ rovi.ion a. i/ dee). *i/ in

.>+ order or in an .>-.e>en/ order *or /e +lo.in o>/ o* an .>+ *orard +on/ra+/!

)B0 o2er of Centra" Go7ernment to su$er#ede 4o7ernin4 !ody of re#o4nisedasso#iation055

71: i/o>/ reL>di+e /o an o/er oer. ve./ed in /e 6en/ral 8overn)en/ >nder /i. A+/,

ere /e 6en/ral 8overn)en/ i. o* oinion /a/ /e overnin -od o* an re+oni.ed

a..o+ia/ion .o>ld -e .>er+eded, /en, no/i/./andin an/in +on/ained in /i. A+/ or in

an o/er la *or /e /i)e -ein in *or+e, /e 6en/ral 8overn)en/ )a, a*/er ivin a

rea.ona-le oor/>ni/ /o /e overnin -od o* /e re+oni.ed a..o+ia/ion +on+erned /o

.o +a>.e i/ .o>ld no/ -e .>er.eded, - no/i*i+a/ion in /e o**i+ial 8aGe//e, de+lare

/e overnin -od o* .>+ a..o+ia/ion /o -e .>er.eded *or .>+ eriod no/ ex+eedin .ix

)on/. a. )a -e .e+i*ied in /e no/i*i+a/ion, and )a aoin/ an er.on or er.on. /o

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exer+i.e and er*or) all /e oer. and d>/ie. o* /e overnin -od, and ere )ore

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er.on. /an one are aoin/ed )a aoin/ one o* .>+ er.on. /o -e 6air)an andano/er o* .>+ er.on /o -e /e Vi+e"6air)an!

72: 5n /e >-li+a/ion o* a no/i*i+a/ion in /e o**i+ial 8aGe//e >nder .>-".e+/ion 71:, /e*olloin +on.e>en+e. .all en.>e, na)el

(1) /e )e)-er. o* /e overnin -od i+ a. -een .>er.eded .all, a. *ro)

/e da/e o* /e no/i*i+a/ion o* .>er.e..ion, +ea.e /o old o**i+e a. .>+)e)-er.K

(2) /e er.on or er.on. aoin/ed >nder .>-".e+/ion 71: )a exer+i.e and

er*or) all /e oer. and d>/ie. o* /e overnin -od i+ a. -een.>er.ededK

(3) all .>+ roer/ o* /e re+oni.ed a..o+ia/ion a. /e er.on or er.on.

aoin/ed >nder .>-".e+/ion 71: )a, - order in ri/in, .e+i* in /i.

-eal* a. -ein ne+e..ar *or /e >ro.e o* ena-lin i) or /e) /o

+arr o>/ /e >ro.e o* /i. A+/, .all ve./ in .>+ er.on or er.on.!

(3) o/i/./andin an/in /o /e +on/rar +on/ained in an la or /e r>le. or -e"la.

o* /e a..o+ia/ion o.e overnin -od i. .>er.eded >nder .>-".e+/ion 71:, /e er.on or

er.on. aoin/ed >nder /a/ .>-".e+/ion .all old o**i+e *or .>+ eriod a. )a -e

.e+i*ied in /e no/i*i+a/ion >-li.ed >nder /a/ .>-".e+/ion, and /e 6en/ral 8overn)en/

)a, *ro) /i)e /o /i)e - liCe no/i*i+a/ion, var .>+ eriod!

(4) 5n /e de/er)ina/ion o* /e eriod o* o**i+e o* an er.on or er.on. aoin/ed >nder/i. .e+/ion /e re+oni.ed a..o+ia/ion .all *or/i/ re+on./i/>/e a overnin -od in

a++ordan+e i/ i/. r>le.

=rovided /a/ >n/il a overnin -od i. .o re+on./i/>/ed, /e er.on or er.on. aoin/ed

>nder .>-".e+/ion 71: .all no/ i/./andin an/in +on/ained in .>-".e+/ion 71: +on/in>e

/o exer+i.e and er*or) /eir oer. and d>/ie.!

7(: 5n /e re+on./i/>/ion o* a overnin -od >nder .>-".e+/ion 74:, all /e roer/ o* /e

re+oni.ed a..o+ia/ion i+ ad ve./ed in, or a. in /e o..e..ion o*, /e er.on or

er.on. aoin/ed >nder .>-".e+/ion 71: .all ve./ or reve./, a. /e +a.e )a -e, in /e

overnin -od .o re+on./i/>/ed!

14. o2er to sus$end !usiness of re#o4nised asso#iations0555

I* in /e in/ere./ o* /e /rade or in /e >-li+ in/ere./ /e 6en/ral 8overn)en/ +on.ider. i/

exedien/ .o /o do, i/ )a - no/i*i+a/ion in /e o**i+ial 8aGe//e, dire+/ a re+oni.ed

a..o+ia/ion /o .>.end .>+ o* i/. ->.ine.. *or .>+ eriod no/ ex+eedin .even da. and

.>-Le+/ /o .>+ +ondi/ion. a. )a -e .e+i*ied in /e no/i*i+a/ion, and )a i*, in /e oinion

o* /e 6en/ral 8overn)en/, /e in/ere./ o* /e /rade or /e >-li+ in/ere./ .o re>ire. - liCe

no/i*i+a/ion ex/end /e .aid eriod *ro) /i)e /o /i)e!

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=rovided /a/ ere /e eriod o* .>.en.ion i. liCel /o ex+eed one )on/, no no/i*i+a/ion

ex/endin /e .>.en.ion -eond .>+ eriod .all -e i..>ed, >nle.. /e overnin -od o*

/e re+oni.ed a..o+ia/ion a. -een iven an oor/>ni/ o* -ein eard in /e )a//er!

H3(

HC/ATER III5A

Re4istered Asso#iations

)-A Certifi#ate of re4istration to !e o!tained !y a"" asso#iations0555

71: o a..o+ia/ion +on+erned i/ /e re>la/ion and +on/rol o* ->.ine.. rela/in /o *orard+on/ra+/. .all a*/er /e +o))en+e)en/ o* /e Forard 6on/ra+/. 7Re>la/ion: A)end)en/

A+/, 1'$0 7$2 o* 1'$0: 7ereina*/er re*erred /o a. .>+ +o))en+e)en/:, +arr on .>+

->.ine.. ex+e/ >nder, and in a++ordan+e i/, /e +ondi/ion. o* a +er/i*i+a/e o* rei./ra/ion

ran/ed >nder /i. A+/ - /e 6o))i..ion!

72: Ever a..o+ia/ion re*erred /o in .>-".e+/ion 71: i+ i. in exi./en+e a/ .>+

+o))en+e)en/, -e*ore /e exir o* .ix )on/. *ro) .>+ +o))en+e)en/, and ever

a..o+ia/ion re*erred /o in .>-".e+/ion 71: i+ i. no/ in exi./en+e a/ .>+ +o))en+e)en/,

-e*ore +o))en+in .>+ ->.ine.., .all )aCe an ali+a/ion *or a +er/i*i+a/e o* rei./ra/ion

/o /e 6o))i..ion in .>+ *or) and +on/ainin .>+ ar/i+>lar. a. )a -e re.+ri-ed

=rovided /a/ /e 6o))i..ion )a in i/. di.+re/ion ex/end *ro) /i)e /o /i)e /e eriod o*.ix )on/. a*ore.aid > /o one ear in /e area/e!

73: o/in in /i. .e+/ion .all -e dee)ed """

(1) /o roi-i/ an a..o+ia/ion in exi./en+e a/ .>+ +o))en+e)en/ *ro) +arrinon i/. ->.ine.. >n/il /e di.o.al o* /e ali+a/ion )ade - i/ >nder .>-".e+/ion 72:K or

(2) /o re>ire a re+oni.ed a..o+ia/ion in exi./en+e a/ .>+ +o))en+e)en/ /o

)aCe an ali+a/ion >nder .>-".e+/ion 72:K and ever .>+ a..o+ia/ion

.all, a. .oon a. )a -e a*/er .>+ +o))en+e)en/, -e ran/ed *ree o*

+o./ - /e 6o))i..ion a +er/i*i+a/e o* rei./ra/ion!

)-5. Grant or refusa" of #ertifi#ate of re4istration0 555

5n re+ei/ o* an ali+a/ion >nder Se+/ion 14"A/e 6o))i..ion, a*/er )aCin .>+ en>ir

a. i/ +on.ider. ne+e..ar in /i. -eal*, )a - order in ri/in ran/ a +er/i*i+a/e o*

rei./ra/ion or re*>.e /o ran/ i/

=rovided /a/ -e*ore re*>.in /o ran/ .>+ +er/i*i+a/e, /e a..o+ia/ion .all -e iven anoor/>ni/ o* -ein eard in /e )a//er!

)-5C A$$"i#ation of Se#tions > and )5. to re4istered asso#iations055

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a++o>n/

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=rovided /a/ ere /e )e)-er a. .e+>red /e +on.en/ or a>/ori/ o* .>+ er.on

o/eri.e /an in ri/in e .all .e+>re a ri//en +on*ir)a/ion - .>+ er.on o* .>+

+on.en/ or a>/ori/ i/in /ree da. *ro) /e da/e o* .>+ +on/ra+/

=rovided *>r/er /a/ in re.e+/ o* an o>/./andin +on/ra+/ en/ered in/o - a )e)-er i/a er.on o/er /an a )e)-er o* /e re+oni.ed a..o+ia/ion, no +on.en/ or a>/ori/ o*

.>+ er.on .all -e ne+e..ar *or +lo.in o>/ in a++ordan+e i/ /e -e"la. *or

o>/./andin +on/ra+/, i* /e )e)-er di.+lo.e. in /e no/e, )e)orand>) or aree)en/ o*

.ale or >r+a.e in re.e+/ o* .>+ +lo.in o>/ /a/ e a. -o>/ or .old /e ood., a. /e

+a.e )a -e, on i. on a++o>n/!

)=0 Conse?uen#es of notifi#ation under Se#0 )+05

ere a no/i*i+a/ion a. -een i..>ed >nder Se+/ion 1(, /en no/i/./andin an/in

+on/ained in an o/er la *or /e /i)e -ein in *or+e or in an +>./o), >.ae or ra+/i+e o*

/e /rade or /e /er). o* an +on/ra+/ or /e -e"la. o* an a..o+ia/ion +on+erned rela/in/o an +on/ra+/""

(1) ever *orard +on/ra+/ *or /e .ale or >r+a.e o* an ood. .e+i*ied in /e

no/i*i+a/ion,H3& Hen/ered in/o on or -e*ore /e da/e o* /e no/i*i+a/ion

and re)ainin /o -e er*or)ed a*/er /e .aid da/e and i+ i. no/ in

+on*or)i/ i/ /e rovi.ion. o* Se+/ion 1(, .all -e dee)ed /o -e +lo.ed

o>/ a/ .>+ ra/e a. /e 6en/ral 8overn)en/ )a *ix in /i. -eal* and

di**eren/ ra/e. )a -e *ixed *or di**eren/ +la..e. o* .>+ +on/ra+/.

(2) all di**eren+e. ari.in o>/ o* an +on/ra+/ .o dee)ed /o -e +lo.ed o>/ .all -e

aa-le on /e -a.i. o* /e ra/e *ixed >nder +la>.e 7a: and /e .eller .all

no/ -e -o>nd /o ive and /e ->er .all no/ -e -o>nd /o /aCe deliver o*

/e ood.!

)10 o2er to $ro8i!it for2ard #ontra#ts in #ertain #ases0555

(1) Te 6en/ral 8overn)en/ )a, - no/i*i+a/ion in /e o**i+ial 8aGe//e, de+lare /a/ no

er.on .all .ave i/ /e er)i..ion o* /e 6en/ral 8overn)en/, en/er in/o an *orard

+on/ra+/ *or /e .ale or >r+a.e o* an ood. or +la.. o* ood. .e+i*ied in /e no/i*i+a/ion

and /o i+ rovi.ion. o* Se+/ion 1( ave no/ -een )ade ali+a-le, ex+e/ /o /e ex/en/

and in /e )anner, i* an, a. )a -e .e+i*ied in /e no/i*i+a/ion!

(2) All *orard +on/ra+/. in +on/raven/ion o* /e rovi.ion. o* .>-".e+/ion 71: en/ered in/oa*/er /e da/e o* >-li+a/ion o* /e no/i*i+a/ion /ere>nder .all -e illeal!

(3) ere a no/i*i+a/ion a. -een i..>ed >nder .>-".e+/ion 71:, /e rovi.ion. o* Se+/ion

1$ .all in /e a-.en+e o* an/in /o /e +on/rar in /e no/i*i+a/ion, al /o all *orard

+on/ra+/. *or /e .ale or >r+a.e o* an ood. .e+i*ied in /e no/i*i+a/ionH3# Hen/ered in/o

on or -e*ore /e da/e o* no/i*i+a/ion and re)ainin /o -e er*or)ed a*/er /e .aid da/e a.

/e al /o all *orard +on/ra+/ *or /e .ale or >r+a.e or an ood. .e+i*ied in /e

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no/i*i+a/ion >nder Se+/ion 1(!

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18. S$e#ia" $ro7isions res$e#tin4 #ertain 3inds of for2ard #ontra#t055

71: o/in +on/ained in 6a/er III or 6a/er IV .all al /o non"/ran.*erra-le .e+i*i+deliver +on/ra+/. *or /e .ale or >r+a.e o* an ood.

=rovided /a/ no er.on .all orani.e or a..i./ in orani.in or -e a )e)-er o* an

a..o+ia/ion in an area /o i+ /e rovi.ion. o* Se+! 1( ave -een )ade ali+a-le 7o/er

/an a re+oni.ed a..o+ia/ion: i+ rovide. *a+ili/ie. *or /e er*or)an+e o* an non"

/ran.*era-le .e+i*i+ deliver +on/ra+/ - an ar/ /ere/o i/o>/ avin /o )aCe or

re+eive a+/>al deliver /o or *ro) /e o/er ar/ /o /e +on/ra+/ or /o or *ro) an o/er

ar/ na)ed in /e +on/ra+/!

(2) ere in re.e+/ o* an area /e rovi.ion. o* Se+/ion 1( ave -een )ade ali+a-le in

rela/ion /o *orard +on/ra+/. *or /e .ale or >r+a.e o* an ood. or +la.. o* ood., /e

6en/ral 8overn)en/ )a, - a liCe no/i*i+a/ion, de+lare /a/ in /e .aid area or an ar/

/ereo* a. )a -e .e+i*ied in /e no/i*i+a/ion all or an o* /e rovi.ion. o* 6a/er III or

6a/er IV .all no/ al /o /ran.*era-le .e+i*i+ deliver +on/ra+/. *or /e .ale or >r+a.e

o* /e .aid ood. or +la.. o* ood. ei/er enerall, or /o an +la.. o* .>+ +on/ra+/. in

ar/i+>lar!

(3) o/i/./andin an/in +on/ained in .>-".e+/ion 71:, i* /e 6en/ral 8overn)en/ i. o*

oinion /a/ in /e in/ere./ o* /e /rade or in /e >-li+ in/ere./ i/ i. exedien/ /o re>la/e

and +on/rol non"/ran.*era-le .e+i*i+ deliver +on/ra+/. in an area, i/ )a, - no/i*i+a/ion in

/e o**i+ial 8aGe//e, de+lare /a/ all or an o* /e rovi.ion. o* 6a/er. III and IV .all

al /o .>+ +la.. or +la..e. o* non"/ran.*era-le .e+i*i+ deliver +on/ra+/. in .>+ area in

re.e+/ o* .>+ ood. or +la.. o* ood. a. )a -e .e+i*ied in /e no/i*i+a/ion, and )a al.o

.e+i* /e )anner in i+ and /e ex/en/ /o i+ all or an o* /e .aid rovi.ion. .all .o

al!

)*0 ro8i!ition of o$tions in 4oods055

(1) o/i/./andin an/in +on/ained in /i. A+/ or in an o/er la *or /e /i)e -ein in*or+e, all o/ion. in ood. en/ered in/o a*/er /e da/e on i+ /i. .e+/ion +o)e. in/o *or+e

.all -e illeal!

(2) An o/ion in ood. i+ a. -een en/ered in/o -e*ore /e da/e on i+ /i. .e+/ion

+o)e. in/o *or+e and i+ re)ain. /o -e er*or)ed, e/er oll or in ar/, a*/er /e.aid da/e .all, /o /a/ ex/en/ -e+o)e void!

C/ATER V

ena"ties and ro#edures

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H3' H ena"ty for #ontra7ention of #ertain $ro7isions of C8a$ter IV0 5555An

er.on o ""

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7a: 7i: in an re/>rn, ./a/e)en/ or o/er do+>)en/ re>ired - or >nder /i. A+/,

)aCe. a ./a/e)en/ i+ i. *al.e in an )a/erial ar/i+>lar, Cnoin i/ /o -e *al.e, or

il*>ll o)i/. /o )aCe a )a/erial ./a/e)en/K or

(2) i/o>/ rea.ona-le ex+>.e 7/e ->rden o* rovin i+ .all -e on i): *ail. /o

*>rni. an re/>rn, ./a/e)en/ or o/er do+>)en/ or an in*or)a/ion or /o an.er an>e./ion or /o +o)l i/ an re>i.i/ion )ade >nder /i. A+/ or an r>le. )ade

/ere>nderK or

(3) en/er. in/o an *orard +on/ra+/ d>rin /e eriod o* .>.en.ion o* ->.ine.. o*

a re+oni.ed a..o+ia/ion in >r.>an+e o* a no/i*i+a/ion >nder Se+/ion 14K or

(2) i. a )e)-er o* an a..o+ia/ion, o/er /an a re+oni.ed a..o+ia/ion, /o i+ a+er/i*i+a/e o* rei./ra/ion a. no/ -een ran/ed >nder /i. A+/K or

(3) >-li.e. or +ir+>la/e. in*or)a/ion rela/in /o /e ra/e a/ i+ an *orard+on/ra+/ a. -een en/ered in/o in +on/raven/ion o* an o* /e -e"la. o* a

re+oni.ed orani.a/ion, or

(4) orani.e. or a..i./. in orani.in, or i. a )e)-er o* an a..o+ia/ion in+on/raven/ion o* /e rovi.ion. +on/ained in /e rovi.o /o .>-".e+/ion 71: o* Se+/ion

1#K or

(5) en/er. in/o an *orard +on/ra+/ or an o/ion in ood. in +on/raven/ion o* an o*/e rovi.ion. +on/ained in .>-".e+/ion 71: or .>-".e+/ion 73"A: or .>-".e+/ion 74: o*

Se+/ion 1(, Se+/ion 1& or Se+/ion 1'K

.all on +onvi+/ion -e >ni.a-le """

(1) *or a *ir./ o**en+e, i/ i)ri.on)en/ i+ )a ex/end /o one ear or i/ a *ine o*no/ le.. /an one /o>.and r>ee., or i/ -o/K

(2) *or a .e+ond or .>-.e>en/ o**en+e >nder +la>.e 7d:, or >nder +la>.e 7e: Ho/er /an

an o**en+e in re.e+/ o* +on/raven/ion o* /e rovi.ion. o* .>-".e+/ion 74: o* Se+/ion 1(i/ i)ri.on)en/ i+ )a ex/end /o one ear and al.o i/ *ineK rovided /a/ in

/e a-.en+e o* .e+ial and ade>a/e rea.on. /o /e +on/rar /o -e )en/ioned in /e

L>de)en/ o* /e 6o>r/, /e i)ri.on)en/ .all -e no/ le.. /an one )on/ and /e *ine

.all no/ -e le.. /an one /o>.and r>ee.!

)0 ena"ty for o2nin4 or 3ee$in4 $"a#e used for enterin4 into for2ard #ontra#ts in4oods055

An er.on o ""

(1) on. or Cee. a la+e o/er /an o* a re+oni.ed a..o+ia/ion i+ i. >.ed *or /e

>ro.e o* en/erin in/o or )aCin or er*or)in, e/er oll or in ar/, an

*orard +on/ra+/. in +on/raven/ion o* an o* /e rovi.ion. o* /i. A+/ and

Cnoinl er)i/. .>+ la+e /o -e >.ed *or .>+ >ro.e., or

(2) i/o>/ /e er)i..ion o* /e 6en/ral 8overn)en/ orani.e., or a..i./. in orani.in,

or -e+o)e. a )e)-er o* an a..o+ia/ion, o/er /an a re+oni.ed a..o+ia/ion,

*or /e >ro.e o* a..i./in in en/erin in/o or )aCin or er*or)in, e/er

oll or in ar/, an *orard +on/ra+/. in +on/raven/ion o* an o* /e rovi.ion.

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o* /i. A+/, or

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7+: )anae., +on/rol. or a..i./. in Ceein an la+e o/er /an /a/ o* are+oni.ed a..o+ia/ion, i+ i. >.ed *or /e >ro.e o* en/erin in/o or)aCin or er*or)in, e/er oll or in ar/, an *orard +on/ra+/ in

1. +on/raven/ion o* an o* /e rovi.ion. o* /i. A+/ or a/ i+ .>+ +on/ra+/. arere+orded or adL>./ed, or ri/. or lia-ili/ie. ari.in o>/ o* .>+ *orard +on/ra+/. are

adL>./ed, re>la/ed or en*or+ed in an )anner a/.oever, or

(4) no/ -ein a )e)-er o* a re+oni.ed a..o+ia/ion, il*>ll rere.en/. /o, or ind>+e.,

an er.on /o -elieve /a/ e i. a )e)-er o* a re+oni.ed a..o+ia/ion or /a/

*orard +on/ra+/. +an -e en/ered in/o or )ade or er*or)ed, e/er oll or

in ar/, >nder /i. A+/ /ro> i),

(5) no/ -ein a )e)-er o* a re+oni.ed a..o+ia/ion or i. aen/ a>/ori.ed a. .>+

>nder /e r>le. or -e"la. o* .>+ a..o+ia/ion, +anva..e., adver/i.e. or /o>/. in

an )anner, ei/er *or i).el* or on -eal* o* an o/er er.on, *or an ->.ine..

+onne+/ed i/ *orard +on/ra+/. in +on/raven/ion o* an o* /e rovi.ion. o* /i.

A+/, or

(6)Loin., a/er., or a..i./. in a/erin a/ an la+e, o/er /an /e la+e o* ->.ine...e+i*ied in /e -e"la. o* a re+oni.ed a..o+ia/ion, an er.on or er.on. *or

)aCin -id. or o**er. or *or en/erin in/o or )aCin or er*or)in, e/er

oll or in ar/, an *orard +on/ra+/. in +on/raven/ion o* an o* /e rovi.ion.

o* /i. A+/, or

(7) )aCe., >-li.e. or +ir+>la/e. an ./a/e)en/ or in*or)a/ion i+ i. *al.e and i+e ei/er Cno. or -elieve. /o -e *al.e, a**e+/in or /endin /o a**e+/ /e +o>r.e

o* ->.ine.. in *orard +on/ra+/. in re.e+/ o* ood. /o i+ /e rovi.ion. o*

Se+/ion 1( ave -een )ade ali+a-le,H40 Hor

H41 H7: )ani>la/e. or a//e)/. /o )ani>la/e ri+e. in re.e+/ o* *orard

+on/ra+/. *or /e .ale or >r+a.e o* an ood. .e+i*ied in an no/i*i+a/ion

>nder Se+/ion 1(, in an area .e+i*ied in /a/ no/i*i+a/ion,

H42 H.all on +onvi+/ion -e >ni.a-le ""

(1) *or a *ir./ o**en+e, i/ i)ri.on)en/ i+ )a ex/end /o /o ear. or i/ a *ineo* no/ le.. /an one /o>.and r>ee., or i/ -o/K

(2) *or a .e+ond or .>-.e>en/ o**en+e, i/ i)ri.on)en/ i+ )a ex/end /o /o

ear. and al.o i/ *ine rovided /a/ in /e a-.en+e o* .e+ial and ade>a/e rea.on.

/o /e +on/rar /o -e )en/ioned in /e L>d)en/ o* /e 6o>r/, /e i)ri.on)en/ .all

no/ -e le.. /an one )on/ and /e *ine .all no/ -e le.. /an one /o>.and r>ee.!

H43

H)A o2er of Court to order forfeiture of $ro$erty055An +o>r/ /rin an o**en+e>ni.a-le >nder Se+/ion 20 or Se+/ion 21 )a, i* i/ /inC. *i/ and in addi/ion /o an

.en/en+e i+ i/ )a i)o.e *or .>+ o**en+e, dire+/ /a/ an )one, ood. or o/er

roer/ in re.e+/ o* i+ /e o**en+e a. -een +o))i//ed, .all -e *or*ei/ed /o /e

6en/ral 8overn)en/!

Explanation. -- For /e >ro.e o* /i. .e+/ion roer/ in re.e+/ o* i+ an o**en+e a.

-een +o))i//ed, .all in+l>de deo.i/. in a -anC ere /e .aid roer/ i. +onver/ed in/o

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.>+ deo.i/.!

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0 Offen#es !y #om$anies055

71: ere an o**en+e a. -een +o))i//ed - a +o)an, ever er.on o a/ /e /i)e /e

o**en+e a. +o))i//ed, a. in +are o*, and a. re.on.i-le /o /e +o)an *or /e

+ond>+/ o*, /e ->.ine.. o* /e +o)an, a. ell a. /e +o)an, .all -e dee)ed /o -e>il/ o* /e o**en+e and .all -e lia-le /o -e ro+eeded aain./ and >ni.ed a++ordinl

=rovided /a/ no/in +on/ained in /i. .>-".e+/ion .all render an .>+ er.on lia-le /o

an >ni.)en/ rovided in /i. A+/, i* e rove. /a/ /e o**en+e a. +o))i//ed i/o>/

i. Cnolede or /a/ e exer+i.ed all d>e dilien+e /o reven/ /e +o))i..ion o* .>+

o**en+e!

72: o/i/./andin an/in +on/ained in .>-".e+/ion 71:, ere an o**en+e >nder /i. A+/

a. -een +o))i//ed - a +o)an and i/ i. roved /a/ /e o**en+e a. -een +o))i//ed

i/ /e +on.en/ or +onnivan+e o*, or i. a//ri->/a-le /o an ro.. nelien+e on /e ar/ o*

an dire+/or, )anaer, .e+re/ar or o/er o**i+er o* /e +o)an, .>+ dire+/or, )anaer,.e+re/ar or o/er o**i+er .all al.o -e dee)ed /o -e >il/ o* /a/ o**en+e and .all -e lia-le

/o -e ro+eeded aain./ and >ni.ed a++ordinl!

Explanation!"For /e >ro.e o* /i. Se+/ion "

(1) +o)an )ean. an -od +orora/e and in+l>de. a *ir) or o/era..o+ia/ion o* individ>al.K and

(2) dire+/or, in rela/ion /o a *ir), )ean. a ar/ner in /e *ir)!

H44 HA0 o2er to sear#8 and seie !oo3s of a##ount or ot8er do#uments0555

(1) An re.iden+ Mai./ra/e or a Mai./ra/e o* /e *ir./ +la.. )a, - arran/, a>/ori.e

an oli+e o**i+er no/ -elo /e ranC o* .>-"in.e+/or /o en/er >on and .ear+ an la+e

ere -ooC. o* a++o>n/ or o/er do+>)en/. rela/in /o *orard +on/ra+/. or o/ion. in

ood. en/ered in/o in +on/raven/ion o* /e rovi.ion. o* /i. A+/, )a -e rea.ona-l

.>.e+/ed /o -e, and .>+ oli+e o**i+er )a .eiGe an .>+ -ooC. or do+>)en/., i* in i.

oinion, i/ rela/e. /o an .>+ *orard +on/ra+/ or o/ion in ood.!

(2) Te rovi.ion. o* /e 6ode o* 6ri)inal =ro+ed>re, 1#'# 7( o* 1#'#: H4( , .all .o *ar a.

)a -e, al /o .ear+ or .eiG>re )ade >nder .>-".e+/ion 71: a. /e al /o an .ear+

or .eiG>re )ade >nder /e a>/ori/ o* a arran/ i..>ed >nder Se+/ion '# o* /e .aid 6ode!

5.0 resum$tion to !e dra2n in #ertain #ases05

71: ere an -ooC. o* a++o>n/ or do+>)en/. are .eiGed *ro) an la+e and /ere are

en/rie. /erein )aCin re*eren+e /o >an/i/, >o/a/ion., ra/e., )on/. o* deliver, re+ei/

or a)en/ o* di**eren+e. or .ale or >r+a.e o* ood. or o/ion. in ood., .>+ -ooC. o*

a++o>n/. or o/er do+>)en/. .all -e ad)i//ed in eviden+e i/o>/ i/ne..e. avin /o

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aear /o rove /e .a)eK and .>+ en/rie. .all -eprima-facie eviden+e o* )a//er.,/ran.a+/ion. and a++o>n/. >ror/ed /o -e /erein re+orded!

72: In an /rial *or an o**en+e >ni.a-le >nder Se+/ion 21, i/ .all -e re.>)ed, >n/il /e

+on/rar i. roved /a/ /e la+e in i+ /e -ooC. o* a++o>n/ or o/er do+>)en/. re*erred/o in .>-".e+/ion 71: ere .eiGed, a. >.ed, and /a/ /e er.on. *o>nd /erein ere

re.en/, *or /e >ro.e o* /e .aid o**en+e!

B0 Certain offen#es to !e #o4nia!"e0555

o/i/./andin an/in +on/ained in /e 6ode o* 6ri)inal =ro+ed>re,H4$ H/e *olloin

o**en+e. .all -e dee)ed /o -e +oniGa-le i/in /e )eanin o* /a/ 6ode, na)el

(1) an o**en+e *allin >nder .>-"+la>.e 7ii: o* +la>.e 7a: o* Se+/ion 20 in .o *ar a. i/rela/e. /o /e *ail>re /o +o)l i/ an re>i.i/ion )ade >nder .>-".e+/ion 73: o*

Se+/ion #K(2) an o**en+e *allin >nder +la>.e 7d: o* Se+/ion 20K

(3) an o**en+e *allin >nder +la>.e 7e: o* Se+/ion 20 o/er /an a +on/raven/ion o* /erovi.ion. o* .>-".e+/ion 73"A: or .>-".e+/ion 74: o* Se+/ion 1(K

(4) an o**en+e *allin >nder Se+/ion 21!

-0 urisdi#tion to try offen#e under t8is A#t055

o +o>r/ in*erior /o /a/ o* a =re.iden+ Mai./ra/e or a Mai./ra/e o* /e *ir./ +la.. .all/aCe +oniGan+e o* or /r an o**en+e >ni.a-le >nder /i. A+/!

C/ATER VI

Mis#e""aneous

25. Ad7isory Committee055 For /e >ro.e o* advi.in /e 6en/ral 8overn)en/ inrela/ion

/o an )a//er +on+ernin /e oera/ion o* /i. A+/, /e 6en/ral 8overn)en/ )a e./a-li.

an advi.or +o))i//ee +on.i./in o* .>+ n>)-er o* er.on. a. )a -e re.+ri-ed!

26. o2er to de"e4ate055 Te 6en/ral 8overn)en/ )a, - no/i*i+a/ion in /e o**i+ial8aGe//e, dire+/ /a/ an oer exer+i.a-le - i/ >nder /i. A+/ )a, in .>+ +ir+>)./an+e.

and .>-Le+/ /o .>+ +ondi/ion., i* an, a. )a -e .e+i*ied -e exer+i.ed - .>+ o**i+er. or

a>/ori/, in+l>din an S/a/e 8overn)en/ or o**i+er. or a>/ori/ie. /ereo* a. )a -e

.e+i*ied in /e dire+/ion!

27. o2er to e9em$t055 Te 6en/ral 8overn)en/ )a, - no/i*i+a/ion in /e o**i+ial8aGe//e, exe)/, .>-Le+/ /o .>+ +ondi/ion. and in .>+ +ir+>)./an+e. and in .>+ area. a.

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)a -e .e+i*ied in /e no/i*i+a/ion an +on/ra+/ or +la.. o* +on/ra+/. *ro) /e oera/ion o*all or an o* /e rovi.ion. o* /i. A+/!

H4& H1 A rote#tion of a#tion ta3en in 4ood fait805

(1) o .>i/ or o/er leal ro+eedin .all lie in an 6o>r/ aain./ /e 6en/ral 8overn)en/or an )e)-er, o**i+er or .ervan/ o* /e 6o))i..ion *or an/in i+ i. in ood *ai/

done or in/ended /o -e done >nder /i. A+/, or an r>le or -e"la )ade /ere>nder!

(2) o .>i/ or o/er leal ro+eedin .all lie in an 6o>r/ aain./ /e overnin -od or

an )e)-er, o**i+e"-earer or .ervan/ o* an re+oni.ed a..o+ia/ion or aain./ an er.on

aoin/ed >nder .>-".e+/ion 71: o* Se+/ion 13 *or an/in i+ i. in ood *ai/ done or

in/ended /o -e done i/ /e aroval, a/ /e in./an+e, o* /e 6o))i..ion and in >r.>an+e

o* /i. A+/, or o* an r>le or -e"la )ade /ere>nder!

>0 o2er to ma3e ru"es055

(1) Te 6en/ral 8overn)en/ )a, - no/i*i+a/ion in /e o**i+ial 8aGe//e, )aCe r>le. *or /e>ro.e o* +arrin in/o e**e+/ /e o-Le+/. o* /i. A+/!

(2) In ar/i+>lar, and i/o>/ reL>di+e /o /e enerali/ o* /e *oreoin oer, .>+ r>le.)a rovide *or,""

(1) /e /er). and +ondi/ion. o* .ervi+e o* )e)-er. o* /e 6o))i..ionK

(2) /e )anner in i+ ali+a/ion. *or re+oni/ion )a -e )ade >nder Se+/ion( and lev o* *ee. in re.e+/ /ereo*K

(3) /e )anner in i+ an in>ir *or /e >ro.e o* re+oni.in ana..o+ia/ion )a -e )ade and /e *or) in i+ re+oni/ion .all -e ran/edK

H4# H7++: /e )anner in i+ /e ali+a/ion *or +er/i*i+a/e. o* rei./ra/ion

)a -e )ade >nder Se+/ion 14A and /e lev o* *ee. in re.e+/ o* .>+

ali+a/ionK

(4) /e ar/i+>lar. /o -e +on/ained in /e ann>al reor/. o* re+oni.eda..o+ia/ion.K

(5) /e )anner in i+ -e"la. /o -e )ade, a)ended or revi.ed >nder /i. A+/.all, -e*ore -ein .o )ade, a)ended or revi.ed, -e >-li.ed *or +ri/i+i.)K

(6) /e +on./i/>/ion o* /e advi.or +o))i//ee e./a-li.ed >nder Se+/ion 2(, /e

/er). o* o**i+e o* and /e )anner o* *illin va+an+ie. a)on )e)-er. o* /e

+o))i//eeK /e in/erval i/in i+ )ee/in. o* /e advi.or +o))i//ee

)a -e eld and /e ro+ed>re /o -e *olloed a/ .>+ )ee/in.K and /e

)a//er. i+ )a -e re*erred - /e 6en/ral 8overn)en/ /o /e advi.or

+o))i//ee *or advi+eK

(7) an o/er )a//er i+ i. /o -e or )a -e re.+ri-ed!

H4' H73: Ever r>le )ade >nder /i. A+/ .all

-e laid, a. .oon a. )a -e a*/er i/ i. )ade,-e*ore ea+ .e o* =arlia)en/, ile i/ i. in

.e..ion, *or a /o/al eriod o* /ir/ da. i+

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)a -e +o)ri.ed in one .e..ion or in /o or)ore .>++e..ive .e..ion., and i*, -e*ore /e

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exir o* /e .e..ion i))edia/el *olloin /e .e..ion or /e .>++e..ive .e..ion. a*ore.aid,

-o/ .e. aree in )aCin an )odi*i+a/ion in /e r>le or -o/ .e. aree /a/ /e r>le

.o>ld no/ -e )ade, /e r>le .all /erea*/er ave e**e+/ onl in .>+ )odi*ied *or) or -e o*

no e**e+/, a. /e +a.e )a -eK .o, oever, /a/ an .>+ )odi*i+a/ion or ann>l)en/ .all

-e i/o>/ reL>di+e /o /e validi/ o* an/in revio>.l done >nder /a/ r>le!

29. Re$ea" and sa7in4s0555

I* i))edia/el -e*ore /e da/e on i+ /i. A+/ or an rovi.ion +on/ained /erein i. )ade

ali+a-le /o an ood. or +la..e. o* ood. in an S/a/e, /ere i. in *or+e in /a/ S/a/e, an

la +orre.ondin /o /i. A+/ or, a. /e +a.e )a -e, /o an rovi.ion +on/ained /erein

i+ i. ali+a-le /o /o.e ood. or +la..e. o* ood., /a/ la .all ./and reealed on /e

.aid da/e!

=rovided /a/ /e reeal .all no/ a**e+/""

(1) /e revio>. oera/ion o* an la .o reealed or an/in d>l done or.>**ered /ere>nderK or

(2) an ri/, rivilee, o-lia/ion or lia-ili/ a+>ired, a++r>ed or in+>rred >nder

an la .o reealedK or

(3) an enal/, *or*ei/>re or >ni.)en/ in+>rred in re.e+/ o* an o**en+e

+o))i//ed aain./ an la .o reealedK or

(4) an inve./ia/ion, leal ro+eedin or re)ed in re.e+/ o* an .>+ ri/,

rivilee, o-lia/ion, lia-ili/, enal/, *or*ei/>re or >ni.)en/ a.

a*ore.aidK an .>+ inve./ia/ion, leal ro+eedin or re)ed )a -e

in./i/>/ed, +on/in>ed or en*or+ed and an .>+ enal/, *or*ei/>re or

>ni.)en/ )a -e i)o.ed a. i* /i. A+/ ad no/ -een a..ed!

=rovided *>r/er /a/, .>-Le+/ /o /e re+edin rovi.o, an/in done or an a+/ion /aCen

7in+l>din an aoin/)en/ )ade, no/i*i+a/ion or order i..>ed, r>le, re>la/ion, *or) or -e"

la *ra)ed, or re+oni/ion ran/ed: >nder an .>+ la .all -e dee)ed /o ave -een done

or /aCen >nder /e +orre.ondin rovi.ion. o* /i. A+/, and .all +on/in>e /o -e in *or+e

a++ordinl >nle.. and >n/il .>er.eded - an/in done or an a+/ion /aCen >nder /i.

A+/!

[1] Te ord. ex+e/ /e S/a/e o* a))> Na.)ir o)i//ed - A+/ $2 0* 1'$0, Se+/ion 27!e!*! 2#!12!$0:!

[2] Te ord. a/ *>/>re da/e o)i//ed - A+/ (3 o* 1'&1, Se+/ion 2 7!e!*! 11!10!1'&1:!

[3] Added - A+/ (3 o* 1'&1, Se+/ion 2 7!e!*! 11!10!1'&1:!

[4] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion 3 7!e!!*! 2#!12!1'$0:!

[5] In.er/ed - A+/ $2 o* 1'$0, Se+/ion 3 7!e!*! 2#!12!1'$0:!

[6] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion 4 7!e!*! 2#!12!1'$0:!

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H&S>-./i/>/ed - A+/ 4$ o* 1'(3, Se+/ion 2 7!e!*!

23!12!1'(3:!

[8] In.er/ed - A+/ $2 o* 1'$0, Se+/ion 4 7!e!*! 2#!12!1'$0:!

[9] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion ( 7!e!*! 2#!12!1'$0:!

[10] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion ( 7!e!*! 2#!12!1'$0:!

[11]o .ee /e 6ode o* 6ri)inal =ro+ed>re, 1'&3 7 2 o* 1'&4:

[12]o .ee Se+/ion 34$ o* /e 6ode o* 6ri)inal =ro+ed>re, 1'&3!

[13] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion & 7!e!*! 2#!12!1'$0:!

[14] In.er/ed - A+/ $2 o* 1'$0, Se+/ion & 7!e!*! 2#!12!1'$0:!

[15] In.er/ed - A+/ $2 o* 1'$0, Se+/ion & 7!e!*! 2#!12!1'$0:!

[16] In.er/ed - A+/ $2 o* 1'$0, Se+/ion & 7!e!*! 2#!12!1'$0:!

[17] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion # 7!e!*! 2#!12!1'$0:!

[18] In.er/ed - A+/ 32 o* 1'(&, Se+/ion 2 7!e!*! 1&!0'!1'(&:!

[19] In.er/ed - A+/ $2 o* 1'$0, Se+/ion ' 7!e!*! 2#!12!1'$0:!

[20] Rele//ered - A+/ $2 o* 1'$0, Se+/ion ' 7!e!*! 2#!12!1'$0:!

[21] In.er/ed - A+/ $2 o* 1'$0, Se+/ion ' 7!e!*! 2#!12!1'$0:!

[22] Rele//ered - A+/ $2 o* 1'$0, Se+/ion ' 7!e!*! 2#!12!1'$0:!

H23 Rele//ered - A+/ $2 o* 1'$0, Se+/ion ' 7!e!*! 2#!12!1'$0:!

[24] In.er/ed - A+/ $2 o* 1'$0, Se+/ion ' 7!e!*! 2#!12!1'$0:!

[25] Rele//ered - A+/ $2 o* 1'$0, Se+/ion ' 7!e!*! 2#!12!1'$0:!

[26] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion ' 7!e!*! 2#!12!1'$0:!

[27] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion ' 7!e!*!

2#!12!1'$0:! 1 S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion ' 7!e!*!2#!12!1'$0:! 2 S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion ' 7!e!*!2#!12!1'$0:!

[30] In.er/ed - A+/ $2 o* 1'$0, Se+/ion 11 7!e!*! 2#!12!1'$0:!

[31] 5)i//ed - A+/ $2 o* 1'$0, Se+/ion 11 7!e!*! 2#!12!1'$0:!

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S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion 11 7!e!*! 2#!12!1'$0:!

[32] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+/ion 12 7!e!*! 2#!12!1'$0:!

[33] In.er/ed - A+/ $2 o* 1'$0, Se+/ion 13 7!e!*! 2#!12!1'$0:!

[34] In.er/ed - A+/ $2 o* 1'$0, Se+! 14 7!e!*! 2#!12!1'$0:!

[35] In.er/ed - A+/ $2 o* 1'$0, Se+! 1( 7!e!*! 2#!12!1'$0:!

[36] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+! 1$ 7!e!*! 2#!12!1'$0:!

[37] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+! 1$ 7!e!*! 2#!12!$0:!

[38] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+! 1& 7!e!*! 2#!12!1'$0:

[39] Added - A+/ $2 o* 1'$0, Se+!1# 7!e!*!2#!12!$0:!

[40] In.er/ed - A+/ $2 o* 1'$0, Se+!1# 7!e!*!2#!12!$0:!

[41] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+!1# 7!e!*!2#!12!$0:!

[42] In.er/ed - A+/ $2 o* 1'$0, Se+!1' 7!e!*! 2#!12!$0:!

[43] In.er/ed - A+/ $2 o* 1'$0, Se+! 20 7!e!*! 2#!12!$0:!

[44] See no /e 6ode o* 6ri)inal =ro+ed>re, 1'&3 7 2 o* 1'&4:!

[45] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+! 21 7!e!*! 2#!12!$0:!

[46] S>-./i/>/ed - A+/ $2 o* 1'$0, Se+! 22 7!e!*! 2#!12!$0:!

[47] In.er/ed - A+/ $2 o* 1'$0, Se+! 23 7!e!*! 2#!12!$0:!

[48] In.er/ed - A+/ 4 o* 1'#$, Se+! 2 - /e Delea/ed 9ei.la/ion =rovi.ion. 7A)end)en/:A+/ o! 4 o* 1'#$, Se+/ion 2, S+ed>le, S o! 3&!