The Forward Contracts (Regulation) Act, 1952

The Forward Contracts (Regulation) Act, 1952 is an act that regulates and controls the trading of commodity futures in India. It aims to prevent undesirable transactions in commodity futures, to promote the development of the futures market, and to regulate the activities of intermediaries and other persons associated with the futures market. The act defines the terms 'forward contract', 'futures contract', and 'spot delivery contract', and lays down the rules for the trading and settlement of these contracts. It also establishes the Forward Markets Commission, which is responsible for regulating the futures market and enforcing the provisions of the act.