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 OR
REG&'ATED EVEREST, 3 Floor, 100, Marine Drive MUMBAI 400 002 Fax o! 022"22#1 20#$% Tel! o! 22&'(300 e")ail *)+,-o)(!v.nl!ne/!in 0e- .i/e 1 222!*)+!3ov!in 4U E 2003
rd

CONTENTS AGE NO0 01 34 41 44 44

ARTIC&'ARS F5R0ARD 65 TRA6TS 7RE8U9ATI5 : A6T, 1'(2! F5R0ARD 65 TRA6TS 7RE8U9ATI5 : RU9ES, 1'(4! TAB9E " I ; 65MM5DITIES T5 0<I6< SE6TI5 A==9IED i!e! RE8U9ATED ITEMS! 1( <AS BEE

TAB9E " II " 65MM5DITIES I 0<I6< F5R0ARD 65 TRA6TS <AVE BEE =R5<IBITED >%. 1&! TAB9E " III ; 65MM5DITIES I 0<I6< 5 "TRA SFERAB9E S=E6IFI6 DE9IVER? 65 TRA6TS ARE A9S5 =R5<IBITED >%. 1#73:! TAB9E " IV ; 65MM5DITIES I RES=E6T 5F 0<I6< SE6TI5 1( IS A==9IED T5 5 "TRA SFERAB9E S=E6IFI6 DE9IVER? 65 TRA6TS A9S5 I E@6ER6ISE 5F =50ERS >%. 1#73:! 5TES T5 TAB9ES I, II, III A IV! VARI5US =RES6RIBED F5RMS

44

4( 4$

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

%A#t No0 1- of )*+,( C/A TER I re"iminary

1. SBor/ /i/le, ex/en/ and +o))en+e)en/! 2. De*ini/ion

C/A TER II For2ard Mar3ets Commission

3. E./a-li.B)en/ and +on./i/>/ion o* /Be For2ard MarCe/. 6o))i..ion! 4. F>n+/ion. o* /Be 6o))i..ion!
47A: =o2er. o* /Be 6o))i..ion! C/A TER III Re#o4nised Asso#iations

5. ADDli+a/ion. *or re+o3ni/ion o* a..o+ia/ion! 6. 8ran/ o* re+o3ni/ion /o a..o+ia/ion! 7. 0i/Bdra2al o* re+o3ni/ion! 8.

=o2er o* 6en/ral 8overn)en/ /o +all *or Deriodi+al re/>rn. or dire+/ inE>irie. /o -e )ade!

9. F>rni.Bin3 o* ann>al reDor/. /o /Be 6en/ral 8overn)en/ -F re+o3ni.ed a..o+ia/ion!

'"A =o2er o* re+o3ni.ed a..o+ia/ion. /o )aCe r>le. re.De+/in3 3ro>Din3 o* )e)-er., re./ri+/in3 vo/in3 ri3B/., e/+ in .De+ial +a.e.!

10. =o2er o* 6en/ral 8overn)en/ /o dire+/ r>le. /o -e )ade or /o )aCe r>le.! 11. =o2er o* re+o3ni.ed a..o+ia/ion /o )aCe -Fe"la2.! 12. =o2er o* 6en/ral 8overn)en/ /o )aCe, or a)end -Fe"la2. o* re+o3ni.ed a..o+ia/ion.!
12"A ADDli+a/ion o* a)end)en/ o* -Fe"la2. /o exi./in3 *or2ard +on/ra+/! 12"B =o2er o* 6o))i..ion /o .>.Dend )e)-er o* re+o3ni.ed a..o+ia/ion or /o DroBi-i/ Bi) *ro) /radin3

13. =o2er o* 6en/ral 8overn)en/ /o .>.Dend 3overnin3 -odF o* re+o3ni.ed a..o+ia/ion! 14. =o2er /o .>.Dend ->.ine.. o* re+o3ni.ed a..o+ia/ion.!
C/A TER III5A Re4istered Asso#iations 14"A 6er/i*i+a/e o* re3i./ra/ion /o -e o-/ained -F all a..o+ia/ion.! 14"B 8ran/ or re*>.al o* +er/i*i+a/e o* re3i./ra/ion! 14"6 ADDli+a/ion o* Se+/ion. # and 12"B /o re3i./ered a..o+ia/ion.! C/A TER IV For2ard #ontra#ts 6 O$tions in Goods

15. 16. 17. 18.

For2ard +on/ra+/. in no/i*ied 3ood. ille3al or void in +er/ain +ir+>)./an+e.! 6on.eE>en+e. o* no/i*i+a/ion >nder Se+! 1(! =o2er /o DroBi-i/ *or2ard +on/ra+/. in +er/ain +a.e.! SDe+ial Drovi.ion. re.De+/in3 +er/ain Cind. o* *or2ard +on/ra+/!

19.

=roBi-i/ion o* oD/ion. in 3ood.! C/A TER V

ena"ties and

ro#edures

=enal/F *or o2nin3 or CeeDin3 Dla+e >.ed *or en/erin3 in/o *or2ard +on/ra+/. in 3ood.! 21"A =o2er o* 6o>r/ /o order *or*ei/>re o* DroDer/F!

20. 21. 22.

=enal/F *or +on/raven/ion o* +er/ain Drovi.ion. o* 6BaD/er IV!

5**en+e. -F +o)Danie.! =o2er /o .ear+B and .eiGe -ooC. o* a++o>n/ or o/Ber do+>)en/.! 6er/ain o**en+e. /o -e +o3niGa-le! 4>ri.di+/ion /o /rF o**en+e >nder /Bi. A+/! C/A TER VI Mis#e""aneous

22A

23. 24.

=o2er /o exe)D/! 2& A =ro/e+/ion o* a+/ion /aCen in 3ood *ai/B!

25. 26. 27. 28. 29.

Advi.orF 6o))i//ee! =o2er /o dele3a/e!

=o2er /o )aCe r>le.! ReDeal and .avin3.!

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/A TER I re"iminary

1. S8ort tit"e, e9tent and #ommen#ement0 (1) TBi. A+/ )aF -e +alled /Be For2ard 6on/ra+/. 7Re3>la/ion: A+/, 1'(2! (2) I/ ex/end. /o /Be 2Bole o* India (3)
H1I

HJ J JI!

6BaD/er I .Ball +o)e in/o *or+e a/ on+e, and /Be re)ainin3 Drovi.ion. .Ball +o)e in/o *or+e on .>+B da/e or da/e. a. /Be 6en/ral 8overn)en/ )aF, -F no/i*i+a/ion in /Be 5**i+ial 8aGe//e, aDDoin/, and di**eren/ da/e. )aF -e aDDoin/ed *or di**eren/ Drovi.ion. o* /Bi. A+/, *or di**eren/ S/a/e. or area., and *or di**eren/ 3ood. or +la..e. o* 3ood.!

2.

Definition In /Bi. A+/, >nle.. /Be +on/ex/ o/Ber2i.e reE>ire.,

(1) :association; )ean. anF -odF o* individ>al. 2Be/Ber in+orDora/ed or no/, +on./i/>/ed *or /Be D>rDo.e o* re3>la/in3 and +on/rollin3 /Be ->.ine.. o* /Be .ale or D>r+Ba.e o* anF 3ood.K (2) commission )ean. /Be For2ard MarCe/. 6o))i..ion e./a-li.Bed >nder .e+! 3K
i. no/ a readF deliverF +on/ra+/1

(3) forward contract )ean. a +on/ra+/ *or /Be deliverF o* 3ood.

H2I

HJ J JI and 2Bi+B

(4) goods )ean. everF Cind o* )ova-le DroDer/F o/Ber /Ban a+/iona-le +lai)., )oneF and .e+>ri/ie.K (5) Government security )ean. a 8overn)en/ .e+>ri/F a. de*ined in /Be =>-li+ De-/
A+/, 1'44 7@VIII 5F 1'44:K

(6) non-transferable specific delivery contract )ean. a .De+i*i+ deliverF +on/ra+/, /Be
ri3B/. or lia-ili/ie. >nder 2Bi+B or >nder anF deliverF order, rail2aF re+eiD/, -ill o* ladin3, 2areBo>.e re+eiD/ or anF o/Ber do+>)en/. o* /i/le rela/in3 /Bere/o are no/ /ran.*era-leK

73:option in goods )ean. an a3ree)en/, -F 2Ba/ever na)e +alled, *or /Be D>r+Ba.e or .ale o* a ri3B/ /o ->F or .ell, or a ri3B/ /o ->F and .ell, 3ood. in *>/>re and in+l>de. a teji, a mandi, a teji-mandi, a galli, a put, a +all or a put, and +all in 3ood.K

(8) prescribed )ean. Dre.+ri-ed -F r>le. )ade >nder /Bi. A+/K (9) ready delivery contract )ean. a +on/ra+/ 2Bi+B Drovide. *or /Be deliverF o* 3ood. and
/Be DaF)en/ o* a Dri+e /Bere*or, ei/Ber i))edia/elF or 2i/Bin .>+B Deriod no/ ex+eedin3 eleven daF. a*/er /Be da/e o* /Be +on/ra+/ and .>-Le+/ /o .>+B +ondi/ion. a. /Be 6en/ral

8overn)en/ )aF, -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, .De+i*F in re.De+/ o* anF 3ood., /Be Deriod >nder .>+B +on/ra+/ no/ -ein3 +aDa-le o* ex/en.ion -F /Be )>/>al +on.en/ o* /Be Dar/ie. /Bere/o or o/Ber2i.eK [3] H=rovided /Ba/ 2Bere anF .>+B +on/ra+/ i. Der*or)ed ei/Ber 2BollF or in Dar/1"

(1) -F /enderin3 o* /Be do+>)en/. o* /i/le /o /Be 3ood. +overed -F /Be +on/ra+/
-F anF Dar/F /Bere/o 7no/ -ein3 a +o))i..ion a3en/ or a -anC: 2Bo Ba. a+E>ired o2ner.BiD o* /Be .aid do+>)en/. -F D>r+Ba.e, ex+Ban3e or o/Ber2i.e, /o anF o/Ber Der.on 7in+l>din3 a +o))i..ion a3en/ ->/ no/ in+l>din3 a -anC:K or

(2) -F /Be reali.a/ion o* anF .>) o* )oneF -ein3 /Be di**eren+e -e/2een /Be
+on/ra+/ ra/e and /Be .e//le)en/ ra/e or +learin3 ra/e or /Be ra/e o* anF o**.e//in3 +on/ra+/1 or

(3) -F anF o/Ber )ean. 2Ba/.oever, and a. a re.>l/ o* 2Bi+B /Be a+/>al /enderin3
o* /Be 3ood. +overed -F /Be +on/ra+/ or DaF)en/ o* /Be *>ll"Dri+e /Bere*or i. di.Den.ed 2i/B /Ben .>+B +on/ra+/ .Ball no/ -e dee)ed /o -e a readF deliverF

+on/ra+/!

Explanation. - For /Be D>rDo.e o* /Bi. +la>.e! "

(1) bank in+l>de. anF -anCin3 +o)DanF a. de*ined in /Be BanCin3 Re3>la/ion A+/, 1'4' 7110 o* 1'4':, a +o"oDera/ive -anC a. de*ined in /Be Re.erve BanC o* India A+/,
1'34 72 o* 1'34:, /Be S/a/e BanC o* India and anF o* i/. .>-.idiarie. and anF +orre.Dondin3 ne2 -anC +on./i/>/ed >nder Se+! 3 o* /Be BanCin3 6o)Danie. 7A+E>i.i/ion and Tran.*er o* Under/aCin3.: A+/, 1'&0 7( o* 1'&0:K

(2) commission agent )ean. a Der.on 2Bo, in /Be ordinarF +o>r.e o* ->.ine..,
)aCe. +on/ra+/ *or /Be .ale or D>r+Ba.e o* 3ood. *or o/Ber. *or a re)>nera/ion 72Be/Ber Cno2n a. +o))i..ion or o/Ber2i.e: 2Bi+B i. de/er)ined in /Be +on/ra+/ i/.el* or de/er)ina-le *ro) /Be /er). o* /Be +on/ra+/ in ei/Ber +a.e, onlF 2i/B re*eren+e /o /Be E>an/i/F o* 3ood. or /o /Be Dri+e /Bere*or a. ./iD>la/ed in /Be +on/ra+/IK 7L: recognised association )ean. an a..o+ia/ion /o 2Bi+B re+o3ni/ion *or /Be /i)e -ein3 Ba. -een 3ran/ed -F /Be 6en/ral 8overn)en/ >nder Se+! $ in re.De+/ o* 3ood. or +la..e. o* 3ood. .De+i*ied in .>+B re+o3ni/ionK 7LL: registered association )ean. an a..o+ia/ion /o 2Bi+B *or /Be /i)e -ein3 a +er/i*i+a/e o* re3i./ra/ion Ba. -een 3ran/ed -F /Be 6o))i..ion >nder Se+! 14"BIK
H4I

(11) rules 2i/B re*eren+e /o /Be r>le. rela/in3 in 3eneral /o /Be +on./i/>/ion and
)ana3e)en/ o* an a..o+ia/ion, in+l>de. in /Be +a.e o* an in+orDora/ed a..o+ia/ion, i/. )e)orand>) and ar/i+le. o* a..o+ia/ionK securities in+l>de. .Bare., .+riD/., ./o+C., -ond., de-en/>re., de-en/>re" ./o+C., or o/Ber )arCe/a-le .e+>ri/ie. o* a liCe na/>re in or o* anF in+orDora/ed +o)DanF or o/Ber -odF +orDora/e and al.o 3overn)en/ .e+>ri/ie.1

(12)

(13) specific delivery contract )ean. a *or2ard +on/ra+/ 2Bi+B Drovide. *or /Be
a+/>al deliverF o* .De+i*i+ E>ali/ie. or /FDe. o* 3ood. d>rin3 a .De+i*ied *>/>re Deriod a/ a Dri+e *ixed /Bere-F or /o -e *ixed in /Be )anner /Bere-F a3reed and in 2Bi+B /Be na)e. o* -o/B /Be ->Fer and /Be .eller are )en/ioned1

(14)transferable specific delivery contract )ean. .De+i*i+ deliverF +on/ra+/ 2Bi+B

i. no/ a non"/ran.*era-le .De+i*i+ deliverF +on/ra+/ Hand 2Bi+B i. .>-Le+/ /o .>+B +ondi/ion. rela/in3 /o i/. /ran.*era-ili/F a. /Be 6en/ral 8overn)en/ )aF -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, .De+i*F in /Bi. -eBal*!
H(I

C/A TER II For2ard Mar3ets Commission

3. Esta!"is8ment and #onstitution of t8e For2ard Mar3ets Commission055 (1) TBe 6en/ral 8overn)en/ )aF, -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, e./a-li.B a 6o))i..ion /o -e +alled /Be For2ard MarCe/. 6o))i..ion *or /Be D>rDo.e o* exer+i.in3 .>+B *>n+/ion. and di.+Bar3in3 .>+B d>/ie. a. )aF -e a..i3ned /o /Be 6o))i..ion -F or >nder /Bi. A+/! (2) TBe 6o))i..ion .Ball +on.i./ o* no/ le.. /Ban /2o,
H$I

H->/ no/ ex+eedin3 *o>rI

)e)-er. aDDoin/ed -F /Be 6en/ral 8overn)en/

H&I

Hone o* /Be) -ein3 no)ina/ed -F /Be

6en/ral 8overn)en/ /o -e /Be 6Bair)an /Bereo*K and /Be 6Bair)an and /Be o/Ber )e)-er or )e)-er. .Ball -e ei/Ber 2Bole"/i)e or Dar/" /i)e a. /Be 6en/ral 8overn)en/ )aF dire+/I1 H=rovided /Ba/ /Be )e)-er. /o -e .o aDDoin/ed .Ball -e Der.on. o* a-ili/F, in/e3ri/F and ./andin3 2Bo Bave .Bo2n +aDa+i/F in dealin3 2i/B Dro-le). rela/in3 /o +o))er+e or +o))odi/F )arCe/., or in ad)ini./ra/ion or 2Bo Bave .De+ial Cno2led3e or Dra+/i+al exDerien+e in anF )a//er 2Bi+B render. /Be) .>i/a-le *or aDDoin/)en/ on /Be 6o))i..ion!I
H#I

73: o Der.on .Ball -e E>ali*ied *or aDDoin/)en/ a., or *or +on/in>in3 /o -e, a )e)-er o* /Be 6o))i..ion i* Be Ba., dire+/lF or indire+/lF, anF .>+B *inan+ial or o/Ber in/ere./ a. i. liCelF /o a**e+/ DreL>di+iallF Bi. *>n+/ion. a. a )e)-er o* /Be 6o))i..ion, and everF )e)-er .Ball, 2Benever reE>ired -F /Be 6en/ral 8overn)en/ .o /o do, *>rni.B /o i/ .>+B in*or)a/ion a. i/ )aF reE>ire *or /Be D>rDo.e o* .e+>rin3 +o)Dlian+e 2i/B /Be Drovi.ion. o* /Bi. .>-".e+/ion!

(4) o )e)-er o* /Be 6o))i..ion .Ball Bold o**i+e *or a Deriod o* )ore /Ban /Bree Fear. *ro) /Be da/e o* Bi. aDDoin/)en/, and a )e)-er relinE>i.Bin3 Bi. o**i+e on /Be exDirF o* Bi. /er) .Ball -e eli3i-le *or re"aDDoin/)en/! (5) TBe o/Ber /er). and +ondi/ion. o* .ervi+e o* )e)-er. o* /Be 6o))i..ion .Ball -e .>+B a. )aF -e Dre.+ri-ed! 4. Fun#tions of t8e Commission" TBe *>n+/ion. o* /Be 6o))i..ion .Ball -e
7a: To advi.e /Be 6en/ral 8overn)en/ in re.De+/ o* /Be re+o3ni/ion o* or /Be 2i/Bdra2al o* re+o3ni/ion *ro) anF a..o+ia/ion or in re.De+/ o* anF o/Ber )a//er ari.in3 o>/ o* /Be ad)ini./ra/ion o* /Bi. A+/K 7-: To CeeD *or2ard )arCe/. >nder o-.erva/ion and /o /aCe .>+B a+/ion in rela/ion /o /Be) a. i/ )aF +on.ider ne+e..arF, in exer+i.e o* /Be Do2er. a..i3ned /o i/ -F or >nder /Bi. A+/KI
H'I

(3) To +olle+/ and 2Benever /Be 6o))i..ion /BinC. i/ ne+e..arF D>-li.B in*or)a/ion
re3ardin3 /Be /radin3 +ondi/ion. in re.De+/ o* 3ood. /o 2Bi+B anF o* /Be Drovi.ion. o* /Bi. A+/ i. )ade aDDli+a-le, in+l>din3 in*or)a/ion re3ardin3 .>DDlF, de)and and Dri+e., and /o .>-)i/ /o /Be 6en/ral 8overn)en/ Deriodi+al reDor/. on /Be oDera/ion o* /Bi. A+/ and on /Be 2orCin3 o* *or2ard )arCe/. rela/in3 /o .>+B 3ood.K

(4) To )aCe re+o))enda/ion. 3enerallF 2i/B a vie2 /o i)Drovin3 /Be or3ani.a/ion and 2orCin3 o* *or2ard )arCe/.K

HanF re+o3ni.ed a..o+ia/ion or re3i./ered a..o+ia/ion or anF )e)-er o* .>+B a..o+ia/ionI 2Benever i/ +on.ider. i/ ne+e..arFK and

(5) To >nder/aCe /Be in.De+/ion o* /Be a++o>n/. and o/Ber do+>)en/. o*

H10I

(6) To Der*or) .>+B o/Ber d>/ie. and exer+i.e .>+B o/Ber Do2er. a. )aF -e a..i3ned /o /Be 6o))i..ion -F or >nder /Bi. A+/, or a. )aF -e Dre.+ri-ed!
ManF o* /Be re3>la/or *>n+/ion.%Do2er. o* /Be 6en/ral 8overn)en/ Bave -een dele3a/e /o /Be 6o))i..ion in /Be Fear 1'$0, *or e3! Se+/ion. $ 72: 7a:,$ 73:, #71:, #72: 7a: and 7-:,1071:, 1271: and 147+:!
)

<- A

o2ers of t8e Commission! "

71: TBe 6o))i..ion .Ball, in /Be Der*or)an+e o* i/. *>n+/ion., Bave all /Be Do2er. o* a +ivil +o>r/ >nder /Be 6ode o* 6ivil =ro+ed>re, 1'0# 7( o* 1'0#:, 2Bile /rFin3 a .>i/ in re.De+/ o* /Be *ollo2in3 )a//er., na)elF1

(1) (2) (3) (4) (5)

S>))onin3 and en*or+in3 /Be a//endan+e o* anF Der.on and exa)inin3 Bi) on oa/BK reE>irin3 /Be di.+overF and Drod>+/ion o* anF do+>)en/K re+eivin3 eviden+e on a**idavi/.K reE>i.i/ionin3 anF D>-li+ re+ord or +oDF /Bereo* *ro) anF o**i+eK anF o/Ber )a//er. 2Bi+B )aF -e Dre.+ri-ed!

(2) TBe 6o))i..ion .Ball Bave /Be Do2er /o reE>ire anF Der.on, .>-Le+/ /o anF Drivile3e 2Bi+B )aF -e +lai)ed -F /Ba/ Der.on >nder anF la2 *or /Be /i)e -ein3 in *or+e, /o *>rni.B in*or)a/ion on .>+B Doin/. or )a//er. a. in /Be oDinion o* /Be 6o))i..ion )aF -e >.e*>l *or, or relevan/ /o anF )a//er >nder /Be +on.idera/ion o* /Be 6o))i..ion and anF Der.on .o reE>ired .Ball -e dee)ed /o -e le3allF -o>nd /o *>rni.B .>+B in*or)a/ion 2i/Bin /Be )eanin3 o* Se+! 1&$ o* /Be Indian =enal +ode, 1#$0 74( o* 1#$0:! (3) TBe 6o))i..ion .Ball -e dee)ed /o -e a +ivil +o>r/ and 2Ben anF o**en+e de.+ri-ed in Se+/ion.! 1&(, 1&#, 1&', 1#0 or Se+! 22# o* /Be Indian =enal 6ode, 1#$0 74( o* 1#$0:, i. +o))i//ed in /Be vie2 or Dre.en+e o* /Be 6o))i..ion, /Be 6o))i..ion )aF, a*/er re+ordin3
/Be *a+/. +on./i/>/in3 /Be o**en+e and /Be ./a/e)en/ o* /Be a++>.ed a. Drovided *or in /Be H11I 6ode o* 6ri)inal =ro+ed>re, 1#'# 7( o* 1#'#: *or2ard /Be +a.e /o a Ma3i./ra/e Bavin3 L>ri.di+/ion /o /rF /Be .a)e and /Be Ma3i./ra/e /o 2Bo) anF .>+B +a.e i. *or2arded .Ball Dro+eed /o Bear /Be +o)Dlain/ a3ain./ /Be a++>.ed a. i* /Be +a.e Bad -een *or2arded /o Bi) >nder Se+/ion 4#2 o* /Be .aid 6ode
H12I

(4) AnF Dro+eedin3 -e*ore /Be 6o))i..ion .Ball -e dee)ed /o -e a L>di+ial Dro+eedin3 2i/Bin /Be )eanin3 o* Se+/ion.! 1'3 and 22# o* /Be Indian =enal 6ode, 1#$0 74( o* 1#$0:! a//endan+e o* 2i/ne..e., /Be lo+al li)i/. o* /Be 6o))i..ionM. L>ri.di+/ion .Ball -e /Be Explanation!" For /Be D>rDo.e o* en*or+in3 /Be li)i/. o* /Be /erri/orF o* India!I

C/A TER III Re#o4nised Asso#iations +0 A$$"i#ation for re#o4nition of asso#iations0

(1) AnF a..o+ia/ion +on+erned 2i/B /Be re3>la/ion and +on/rol o* *or2ard +on/ra+/. 2Bi+B i. de.iro>. o* -ein3 re+o3ni.ed *or /Be D>rDo.e. o* /Bi. A+/ )aF )aCe an aDDli+a/ion in /Be Dre.+ri-ed )anner /o /Be 6en/ral 8overn)en/! (2) EverF aDDli+a/ion )ade >nder .>-".e+/ion 71: .Ball +on/ain .>+B Dar/i+>lar. a. )aF -e
Dre.+ri-ed and .Ball -e a++o)Danied -F a +oDF o* /Be -Fe"la2. *or /Be re3>la/ion and +on/rol o* *or2ard +on/ra+/. and al.o a +oDF o* /Be r>le. rela/in3 in 3eneral /o /Be +on./i/>/ion o* /Be a..o+ia/ion, and, in Dar/i+>lar /o""

(1) (2) (3)

/Be 3overnin3 -odF o* .>+B a..o+ia/ion, i/. +on./i/>/ion and Do2er. o* )ana3e)en/ and /Be )anner in 2Bi+B i/. ->.ine.. i. /o -e /ran.a+/edK /Be Do2er. and d>/ie. o* /Be o**i+e"-earer. o* /Be a..o+ia/ionK /Be ad)i..ion in/o /Be a..o+ia/ion o* vario>. +la.. o* )e)-er., /Be E>ali*i+a/ion. o* )e)-er., and /Be ex+l>.ion, .>.Den.ion, exD>l.ion and re" ad)i..ion o* )e)-er. /Bere*ro) or /Berein /oK /Be Dro+ed>re *or re3i./ra/ion o* Dar/ner.BiD. a. )e)-er. o* /Be a..o+ia/ion and /Be no)ina/ion and aDDoin/)en/ o* a>/Bori.ed reDre.en/a/ive. and +lerC.!

(4)

=0 Grant of re#o4nition to asso#iation05

(1) I* /Be 6en/ral 8overn)en/, a*/er )aCin3 .>+B inE>irF a. )aF -e ne+e..arF in /Bi. -eBal* and a*/er o-/ainin3 .>+B *>r/Ber in*or)a/ion, i* anF, a. i/ )aF reE>ire, i. .a/i.*ied /Ba/ i/ 2o>ld -e in /Be in/ere./ o* /Be /rade and al.o in /Be D>-li+ in/ere./ /o 3ran/ re+o3ni/ion /o /Be a..o+ia/ion 2Bi+B Ba. )ade an aDDli+a/ion >nder Se+! (, i/ )aF 3ran/ re+o3ni/ion /o /Be a..o+ia/ion in .>+B *or) and .>-Le+/ /o .>+B +ondi/ion. a. )aF -e Dre.+ri-ed or .De+i*ied, and .Ball .De+i*F in .>+B re+o3ni/ion /Be 3ood. or +la..e. o* 3ood. 2i/B re.De+/ /o 2Bi+B *or2ard +on/ra+/. )aF -e en/ered in/o -e/2een )e)-er. o* .>+B a..o+ia/ion or /Bro>3B or 2i/B anF .>+B )e)-er! (2) Be*ore 3ran/in3 re+o3ni/ion >nder .>-".e+/ion 71:, /Be 6en/ral 8overn)en/ )aF, -F order, dire+/, " (1) /Ba/ /Bere .Ball -e no li)i/a/ion on /Be n>)-er o* )e)-er. o* /Be a..o+ia/ion
or /Ba/ /Bere .Ball -e .>+B li)i/a/ion on /Be n>)-er o* )e)-er. a. )aF -e .De+i*iedK

(2) /Ba/ /Be a..o+ia/ion .Ball Drovide *or /Be aDDoin/)en/ -F /Be 6en/ral
8overn)en/ o* a Der.on, 2Be/Ber a )e)-er o* /Be a..o+ia/ion or no/ a. reDre.en/a/ive on, and o* no/ )ore /Ban /Bree Der.on. reDre.en/in3 in/ere./.

no/ dire+/lF reDre.en/ed /Bro>3B )e)-er.BiD o* /Be a..o+ia/ion a. )e)-er or )e)-er. o* /Be 3overnin3 -odF o* .>+B a..o+ia/ion and )aF reE>ire /Be

a..o+ia/ion /o in+orDora/e in i/. r>le. anF .>+B dire+/ion and /Be +ondi/ion., i* anF, a++o)DanFin3 i/!

(3)

o r>le. o* a re+o3ni.ed a..o+ia/ion .Ball -e a)ended ex+eD/ 2i/B /Be aDDroval o* /Be 6en/ral 8overn)en/! o* India and al.o in /Be 8aGe//e o* /Be S/a/e in 2Bi+B /Be Drin+iDal o**i+e o* /Be re+o3ni.ed a..o+ia/ion i. .i/>a/ed, and .>+B re+o3ni/ion .Ball Bave e**e+/ a. *ro) /Be da/e o* i/. D>-li+a/ion in /Be 8aGe//e o* India!

(4) EverF 3ran/ o* re+o3ni/ion >nder /Bi. .e+/ion .Ball -e D>-li.Bed in /Be 8aGe//e

7. Wit8dra2a" of re#o4nition! "" I* /Be 6en/ral 8overn)en/ i. o* oDinion /Ba/ anF

re+o3ni/ion 3ran/ed /o an a..o+ia/ion >nder /Be Drovi.ion. o* /Bi. A+/ .Bo>ld, in /Be in/ere./ o* /Be /rade or in /Be D>-li+ in/ere./, -e 2i/Bdra2n, /Be 6en/ral 8overn)en/ )aF, a*/er 3ivin3 a rea.ona-le oDDor/>ni/F /o /Be a..o+ia/ion /o -e Beard in /Be )a//er, 2i/Bdra2, -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, /Be re+o3ni/ion 3ran/ed /o /Be .aid a..o+ia/ion1 =rovided /Ba/ no .>+B 2i/Bdra2al .Ball e**e+/ /Be validi/F o* anF +on/ra+/ en/ered in/o or )ade -e*ore /Be da/e o* /Be no/i*i+a/ion, and /Be 6en/ral 8overn)en/ )aF )aCe .>+B Drovi.ion a. i/ dee). *i/ in /Be no/i*i+a/ion o* 2i/Bdra2al or in anF .>-.eE>en/ no/i*i+a/ion .i)ilarlF D>-li.Bed *or /Be d>e Der*or)an+e o* anF +on/ra+/ o>/./andin3 on /Ba/ da/e! >0 o2er of Centra" Go7ernment to #a"" for $eriodi#a" returns or dire#t in?uiries to !e made0 "" H71: EverF re+o3ni.ed a..o+ia/ion and everF )e)-er /Bereo* .Ball *>rni.B /o /Be 6en/ral 8overn)en/ .>+B Deriodi+al re/>rn. rela/in3 /o i/. a**air. o* i/. )e)-er., or Bi. a**air., a. /Be +a.e )aF -e, a. )aF -e Dre.+ri-ed! 72: 0i/Bo>/ DreL>di+e /o /Be Drovi.ion. +on/ained in .>-".e+/ion 71: 2Bere /Be 6en/ral 8overn)en/ +on.ider. i/ exDedien/ .o /o do, i/ )aF -F order in 2ri/in3, """ 7a: +all >Don a re+o3ni.ed a..o+ia/ion /o Hor a )e)-er /Bereo*I *>rni.B in 2ri/in3 .>+B in*or)a/ion or exDlana/ion rela/in3 /o i/. a**air. or /Be a**air. o* anF o* H1(I i/. )e)-er. Hor Bi. a**air., a. /Be +a.e )aF -eI a. /Be 6en/ral 8overn)en/ )aF reE>ire, or
H14I H13I

(2)

aDDoin/ one or )ore Der.on. /o )aCe an enE>irF in rela/ion /o /Be a**air. o* .>+B a..o+ia/ion or /Be a**air. or anF o* i/. )e)-er. and .>-)i/ a reDor/ o* /Be re.>l/ o* .>+B inE>irF /o /Be 6en/ral 8overn)en/ 2i/Bin .>+B /i)e a. )aF -e .De+i*ied in /Be order or, in /Be al/erna/ive, dire+/ /Be inE>irF /o -e )ade, and /Be reDor/ /o -e .>-)i//ed, -F /Be 3overnin3 -odF o* .>+B a..o+ia/ion a+/in3 Loin/lF 2i/B one or )ore reDre.en/a/ive o* /Be 6en/ral 8overn)en/K and dire+/ /Be 6o))i..ion /o in.De+/ /Be a++o>n/. and o/Ber do+>)en/. o* anF re+o3ni.ed a..o+ia/ion or o* anF o* i/. )e)-er. and .>-)i/ i/. reDor/ /Bereon /o /Be 6en/ral 8overn)en/!

(3)

73: 0Bere an inE>irF in rela/ion /o /Be a**air. o* a re+o3ni.ed a..o+ia/ion or /Be a**air. o* anF o* i/. )e)-er. Ba. -een >nder/aCen >nder .>-".e+/ion 72: "

(1) everF dire+/or, )ana3er, .e+re/arF or o/Ber o**i+er o* .>+B a..o+ia/ionK (2) everF )e)-er o* .>+B a..o+ia/ionK (3) i* /Be )e)-er o* /Be a..o+ia/ion i. a *ir), everF Dar/ner, )ana3er, .e+re/arF or
o/Ber o**i+er o* /Be *ir)K and

(4) everF o/Ber Der.on or -odF o* Der.on. 2Bo Ba. Bad dealin3. in /Be +o>r.e o*
->.ine.. 2i/B anF o* /Be Der.on. )en/ioned in +la>.e 7a:, 7-: and 7+:, .Ball -e -o>nd /o Drod>+e -e*ore /Be a>/Bori/F )aCin3 /Be inE>irF, all .>+B -ooC., a++o>n/., +orre.Donden+e and o/Ber do+>)en/. in Bi. +>./odF or Do2er rela/in3 /o, or Bavin3 a -earin3 on /Be .>-Le+/ )a//er o*, .>+B inE>irF and al.o /o *>rni.B /Be a>/Bori/F 2i/B anF .>+B ./a/e)en/ or in*or)a/ion rela/in3 /Bere/o a. )aF -e reE>ired o* Bi), 2i/Bin .>+B /i)e a. )aF -e .De+i*ied! H74: EverF re+o3ni.ed a..o+ia/ion and everF )e)-er /Bereo* .Ball )ain/ain .>+B -ooC. o* a++o>n/. and o/Ber do+>)en/. a. /Be 6o))i..ion )aF .De+i*F and /Be -ooC. o* a++o>n/ and o/Ber do+>)en/. .o .De+i*ied .Ball -e Dre.erved *or a Deriod no/ ex+eedin3 /Bree Fear. a. /Be 6o))i..ion )aF .De+i*F and .Ball -e .>-Le+/ /o in.De+/ion a/ all rea.ona-le /i)e. -F /Be 6o))i..ion!I *0 Furnis8in4 of annua" re$orts to t8e Commission !y re#o4nised asso#iation0 55 H71: EverF re+o3ni.ed a..o+ia/ion .Ball *>rni.B /o /Be 6o))i..ion /Bree +oDie. o* i/. ann>al reDor/!I 72: S>+B ann>al reDor/ .Ball +on/ain .>+B Dar/i+>lar. a. )aF -e Dre.+ri-ed! <* AA o2er of re#o4nised asso#iation to ma3e ru"es res$e#tin4 4rou$in4 of mem!ers, restri#tin4 7otin4 ri48ts, et# in s$e#ia" #ases0 55 71: A re+o3ni.ed a..o+ia/ion )aF )aCe r>le. or a)end anF r>le. )ade -F i/ /o Drovide *or all or anF o* /Be *ollo2in3 )a//er., na)elF1 H1'I H7a: TBe ad)i..ion o* a *ir) or a <ind> >ndivided *a)ilF a. a )e)-er1I H7-: /Be 3ro>Din3 o* /Be )e)-er. o* /Be a..o+ia/ion a++ordin3 /o *>n+/ional or lo+al in/ere./., re.erva/ion o* .ea/. on i/. 3overnin3 -odF *or )e)-er. -elon3in3 /o ea+B 3ro>D and aDDoin/)en/ o* )e)-er. /o .>+B re.erved .ea/."""
H20I <)>@ H1&I H1$I

(1) -F ele+/ion ex+l>.ivelF -F /Be )e)-er. o* /Be a..o+ia/ion *ro) a)on3 Der.on. +Bo.en -F /Be )e)-er. -elon3in3 /o /Be 3ro>D +on+erned, (2) -F ele+/ion -F all /Be )e)-er. o* /Be a..o+ia/ion, (3) -F ele+/ion -F all /Be )e)-er. o* /Be a..o+ia/ion *ro) a)on3 Der.on +Bo.en -F /Be )e)-er. -elon3in3 /o /Be 3ro>D +on+erned *or /Be D>rDo.e.K H21I onlF 2Bo, -F rea.on o* /Beir *>n+/ional or H7+:I /Be re./ri+/ion o* vo/in3 ri3B/. in lo+al in/ere./., are a+/>allF in/ere./ed in .>+B re.De+/ o* anF )a//er Dla+ed -e*ore /Be )a//erK a..o+ia/ion a/ anF )ee/in3 /o /Bo.e )e)-er.

H7d:I /Be re3>la/ion o* vo/in3 ri3B/. in re.De+/ o* anF )a//er Dla+ed -e*ore /Be a..o+ia/ion a/ anF )ee/in3 .o /Ba/ ea+B )e)-er )aF, -e en/i/led /o Bave one vo/e onlF, irre.De+/ive o* Bi. .Bare o* /Be Daid >D eE>i/F +aDi/al o* /Be a..o+ia/ionKI H 7e:I /Be re./ri+/ion on /Be ri3B/. o* a )e)-er /o aDDoin/ ano/Ber Der.on a. Bi. DroxF /o a//end and vo/e a/ a )ee/in3 o* /Be a..o+ia/ionK H7*:I /Be re/ire)en/ a/ everF ann>al 3eneral )ee/in3 o* all dire+/or. or .>+B n>)-er or DroDor/ion o* /Beir /o/al n>)-er a. )aF -e .De+i*ied in /Be r>le.K H73:I .>+B in+iden/al, +on.eE>en/ial and .>DDle)en/arF )a//er. a. )aF -e H2$I ne+e..arF /o 3ive e**e+/ /o anF o* /Be )a//er. .De+i*ied in H6la>.e. 7a: /o 7*:I! 72: o r>le. o* a re+o3ni.ed a..o+ia/ion )ade or a)ended in rela/ion /o anF )a//er re*erred
H2&I H2(I H24I H23I

H22I

/o in H6la>.e 7a: /o 73: o*I .>-".e+/ion 71: .Ball Bave e**e+/ >n/il /BeF Bave -een aDDroved -F /Be 6o))i..ion and D>-li.Bed -F /Ba/ 8overn)en/ in /Be o**i+ial 8aGe//e and, in aDDrovin3 /Be r>le. .o )ade or a)ended, /Be 6o))i..ion )aF )aCe .>+B )odi*i+a/ion /Berein a. i/ /BinC. *i/, and on .>+B D>-li+a/ion, /Be r>le. aDDroved -F /Be 6o))i..ion .Ball -e dee)ed /o Bave -een validlF )ade, no/2i/B./andin3 anF/Bin3 /o /Be +on/rarF +on/ained in /Be 6o)Danie. A+/, 1'($! 73: 0Bere, -e*ore /Be +o))en+e)en/ o* /Be For2ard 6on/ra+/. 7Re3>la/ion: A)end)en/ A+/, 1'(&732 o* 1'(&:, anF r>le. Bave -een )ade or a)ended in rela/ion /o anF )a//er re*erred /o in H+la>.e. 7-: /o 7e: and 73: o*I .>-".e+/ion 71:, /Be r>le. .o )ade or a)ended .Ball no/ -e dee)ed /o -e invalid or ever /o Bave -een invalid )erelF -F rea.on o* /Be *a+/ /Ba/ /Be r>le. .o )ade or a)ended are reD>3nan/ /o anF o* /Be Drovi.ion. o* /Be 6o)Danie. A+/, 1'($!I
H2#I

10.

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

(1) 0Benever /Be 6en/ral 8overn)en/ +on.ider. i/ exDedien/ .o /o do, i/ )aF, -F order in 2ri/in3, dire+/ anF re+o3ni.ed a..o+ia/ion /o )aCe anF r>le. or /o a)end anF r>le. )ade -F /Be re+o3ni.ed a..o+ia/ion 2i/Bin .>+B Deriod a. i/ )aF .De+i*F in /Bi. -eBal*! (2) I* anF re+o3ni.ed a..o+ia/ion, a3ain./ 2Bo) an order i. i..>ed -F /Be 6en/ral
8overn)en/ >nder .>-".e+/ion 71:, *ail. or ne3le+/. /o +o)DlF 2i/B .>+B order 2i/Bin /Be .De+i*ied Deriod, /Be 6en/ral 8overn)en/ )aF )aCe /Be r>le. or a)end /Be r>le. )ade -F /Be re+o3ni.ed a..o+ia/ion, a. /Be +a.e )aF -e, ei/Ber in /Be *or) .De+i*ied in /Be order or 2i/B .>+B )odi*i+a/ion /Bereo* a. /Be 6en/ral 8overn)en/ )aF /BinC *i/!
H73: 0Bere, in D>r.>an+e o* .>-".e+/ion 72:, anF r>le. Bave -een )ade or a)ended, /Be r>le .o )ade or a)ended .Ball -e D>-li.Bed in /Be 8aGe//e o* India, and .Ball, /Bere>Don, Bave e**e+/ no/2i/B./andin3 anF/Bin3 /o /Be +on/rarF +on/ained in /Be 6o)Danie. A+/, 1'($
H2'I

71 o* 1'($:, or anF o/Ber la2 *or /Be /i)e -ein3 in *or+e, a. i* /BeF Bad -een )ade or a)ended -F /Be re+o3ni.ed a..o+ia/ion +on+erned!I

11.

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

(1) AnF re+o3ni.ed a..o+ia/ion )aF, .>-Le+/ /o /Be Drevio>. aDDroval o* /Be 6en/ral 8overn)en/, )aCe -Fe"la2. *or /Be re3>la/ion and +on/rol o* *or2ard +on/ra+/.! (2) In Dar/i+>lar, and 2i/Bo>/ DreL>di+e /o /Be 3enerali/F o* /Be *ore3oin3 Do2er, .>+B -Fe" la2. )aF Drovide *or """" (1) (2)
/Be oDenin3 and +lo.in3 o* )arCe/. and /Be re3>la/ion o* /Be Bo>r. o* /radeK a +learin3"Bo>.e *or /Be Deriodi+al .e//le)en/ o* +on/ra+/. and di**eren+e. /Bere>nder, /Be deliverF o*, and DaF)en/ *or, 3ood., /Be Da..in3 on o* deliverF order. and *or /Be re3>la/ion and )ain/ainan+e o* .>+B +learin3 Bo>.eK /Be n>)-er and +la..e. o* +on/ra+/. in re.De+/ o* 2Bi+B .e//le)en/. .Ball -e )ade or di**eren+e. Daid /Bro>3B /Be +learin3 Bo>.eK *ixin3, al/erin3 or Do./Donin3 daF. *or .e//le)en/K de/er)inin3 and de+larin3 )arCe/ ra/e.K in+l>din3 oDenin3, +lo.in3, Bi3Be./ and lo2e./ ra/e. *or 3ood.K /Be /er)., +ondi/ion. and in+iden/. o* +on/ra+/. in+l>din3 /Be Dre.+riD/ion o* )ar3in reE>ire)en/., i* anF, and +ondi/ion. rela/in3 /Bere/o, and /Be *or). o* +on/ra+/ in 2ri/in3K re3>la/in3 /Be en/erin3 in/o, )aCin3 Der*or)an+e., re.+i..ion and /er)ina/ion o* +on/ra+/., in+l>din3 +on/ra+/. -e/2een )e)-er. or -e/2een a +o))i..ion a3en/ and Bi. +on./i/>en/, or -e/2een a -roCer and Bi. +on./i/>en/, or -e/2een a )e)-er o* /Be re+o3ni.ed a..o+ia/ion and a Der.on 2Bo i. no/ a )e)-er, and /Be +on.eE>en+e. o* de*a>l/ or in.olven+F on /Be Dar/ o* a .eller or ->Fer or in/er)ediarF, /Be +on.eE>en+e. o* a -rea+B or o)i..ion -F a .eller or ->Fer and /Be re.Don.i-ili/F o* +o))i..ion a3en/. and -roCer. 2Bo are no/ Dar/ie. /o .>+B +on/ra+/.K /Be ad)i..ion and DroBi-i/ion o* .De+i*i+ +la..e. or /FDe. o* 3ood. or o* dealin3. in 3ood. -F a )e)-er o* /Be re+o3ni.ed a..o+ia/ionK /Be )e/Bod and Dro+ed>re *or /Be .e//le)en/ o* +lai). or di.D>/e. in+l>din3 /Be .e//le)en/ /Bereo* -F ar-i/ra/ionK /Be levF and re+overF o* *ee., *ine. and Denal/ie.K /Be re3>la/ion o* /Be +o>r.e o* ->.ine.. -e/2een Dar/ie. /o +on/ra+/. in anF +aDa+i/FK /Be *ixin3 o* .+ale o* -roCera3e and o/Ber +Bar3e.K /Be )aCin3, +o)Darin3, .e//lin3 and +lo.in3 o* -ar3ain.K /Be re3>la/ion o* *l>+/>a/ion. in ra/e. and Dri+e.K /Be e)er3en+ie. in /rade 2Bi+B )aF ari.e and /Be exer+i.e o* Do2er. in .>+B e)er3en+ie. in+l>din3 /Be Do2er /o *ix )axi)>) and )ini)>) Dri+e.K /Be re3>la/ion o* dealin3. -F )e)-er. *or /Beir o2n a++o>n/K /Be li)i/a/ion. on /Be vol>)e o* /rade done -F anF individ>al )e)-erK /Be o-li3a/ion o* )e)-er. /o .>DDlF .>+B in*or)a/ion or exDlana/ion and /o Drod>+e .>+B -ooC. rela/in3 /o /Beir ->.ine.. a. /Be 3overnin3 -odF )aF

(3) (4) (5) (6)

(7)

(8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18)

reE>ire!

(3) TBe -Fe"la2. )ade >nder /Bi. .e+/ion )aF "

7a: .De+i*F /Be -Fe"la2. /Be +on/raven/ion o* anF o* 2Bi+B .Ball )aCe a +on/ra+/ en/ered in/o o/Ber2i.e /Ban in a++ordan+e 2i/B /Be -Fe"la2. void >nder .>-".e+/ion 72: o* Se+/ion 1(K H7aa: .De+i*F /Be -Fe"la2. /Be +on/raven/ion o* anF o* 2Bi+B .Ball )aCe a *or2ard +on/ra+/ en/ered in/o o/Ber2i.e /Ban in a++ordan+e 2i/B -Fe"la2. ille3al >nder .>-" .e+/ion 73 A: o* Se+/ion 1(KI
H30I

(2) Drovide /Ba/ /Be +on/raven/ion o* anF o* /Be -Fe"la2. .Ball "" (1) render /Be )e)-er +on+erned lia-le /o *ineK or (2) render /Be )e)-er +on+erned lia-le /o exD>l.ion or .>.Den.ion *ro) /Be re+o3ni.ed a..o+ia/ion or /o anF Denal/F o* a liCe na/>re no/ involvin3 /Be DaF)en/ o* )oneF! (4) AnF -Fe"la2. )ade >nder /Bi. .e+/ion .Ball -e .>-Le+/ /o .>+B +ondi/ion. in re3ard /o
Drevio>. D>-li+a/ion a. )aF -e Dre.+ri-ed and 2Ben aDDroved -F /Be 6en/ral 8overn)en/, .Ball -e D>-li.Bed in /Be 8aGe//e o* India
H31I

HJ J J IK

=rovided /Ba/ /Be 6en/ral 8overn)en/ )aF, in /Be in/ere./ o* /Be /rade or in /Be D>-li+ in/ere./, -F order in 2ri/in3, di.Den.e 2i/B /Be +ondi/ion o* Drevio>. D>-li+a/ion in anF +a.e! ),0 o2er of Centra" Go7ernment to ma3e, or amend !ye5"a2s of re#o4nised asso#iation0 71: TBe 6en/ral 8overn)en/ )aF, ei/Ber on a reE>e./ in 2ri/in3 re+eived -F i/ in /Bi. -eBal* *ro) /Be 3overnin3 -odF o* a re+o3ni.ed a..o+ia/ion, or i* in i/. oDinion i/ i. exDedien/ .o /o do, )aCe -Fe"la2. *or all or anF o* /Be )a//er. .De+i*ied in Se+/ion 11 or a)end anF -Fe" la2. )ade -F .>+B a..o+ia/ion >nder /Ba/ .e+/ion! 72: 0Bere, in D>r.>an+e o* /Bi. .e+/ion, anF -Fe"la2. Bave -een )ade or a)ended, /Be H32I -Fe"la2. .o )ade or a)ended .Ball -e D>-li.Bed in /Be 8aGe//e o* India, Hand .Ball /Bere>Don Bave e**e+/I a. i* /BeF Bad -een )ade or a)ended -F /Be re+o3ni.ed a..o+ia/ion! 73: o/2i/B./andin3 anF/Bin3 +on/ained in /Bi. .e+/ion 2Bere /Be 3overnin3 -odF o* a re+o3ni.ed a..o+ia/ion o-Le+/. /o anF -Fe"la2 )ade or a)ended >nder /Bi. .e+/ion -F /Be 6en/ral 8overn)en/ on i/. o2n )o/ion, i/ )aF, 2i/Bin .ix )on/B. o* /Be D>-li+a/ion /Bereo* >nder .>-".e+/ion 72:, aDDlF /o /Be 6en/ral 8overn)en/ *or a revi.ion /Bereo*, and /Be 6en/ral 8overn)en/ )aF, a*/er 3ivin3 a rea.ona-le oDDor/>ni/F /o /Be 3overnin3 -odF o* /Be a..o+ia/ion /o -e Beard in /Be )a//er, revi.e /Be -Fe"la2. .o )ade or a)ended, and 2Bere anF -Fe"la2. .o )ade or a)ended are revi.ed a. a re.>l/ o* anF a+/ion /aCen >nder /Bi. .>-".e+/ion /Be -Fe"la2. .o revi.ed .Ball -e D>-li.Bed and .Ball -e+o)e e**e+/ive a. Drovided in .>-".e+/ion 72:! 74: TBe )aCin3 or /Be a)end)en/ or revi.ion o* anF -Fe"la2. >nder /Bi. .e+/ion .Ball in H33I +a.e. -e H.>-Le+/ /o .>+B +ondi/ion. in re3ard /o Drevio>. D>-li+a/ion a. )aF -e Dre.+ri-edI1

=rovided /Ba/ /Be 6en/ral 8overn)en/ )aF, in /Be in/ere./ o* /Be /rade or in /Be D>-li+ in/ere./, -F order in 2ri/in3 di.Den.e 2i/B /Be +ondi/ion o* Drevio>. D>-li+a/ion!
H34I

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

AnF a)end)en/ o* a -Fe"la2 >nder Se+! 11 o/Ber /Ban an a)end)en/ )ade in D>r.>an+e o* +la>.e 7a: or +la>.e 7aa: o* .>-".e+/ion 73: o* /Ba/ .e+/ion or >nder Se+/ion 12 .Ball al.o aDDlF /o all *or2ard +on/ra+/. en/ered in/o -e*ore /Be da/e o* i/. aDDroval -F /Be 6en/ral 8overn)en/ or -e*ore /Be da/e o* i/. D>-li+a/ion in /Be 8aGe//e o* India, a. /Be +a.e )aF -e, and re)ainin3 /o -e Der*or)ed on or a*/er /Be .aid da/e! ), .A o2er of Commission to sus$end mem!er of re#o4nised asso#iation or to $ro8i!it 8im from tradin4055 71: I*, in /Be in/ere./ o* /rade or in /Be D>-li+ in/ere./, /Be 6o))i..ion +on.ider. i/ ne+e..arF /o .>.Dend a )e)-er *ro) Bi. )e)-er.BiD o* anF re+o3ni.ed a..o+ia/ion or /o DroBi-i/ .>+B )e)-er. *ro) en/erin3 in/o anF *or2ard +on/ra+/ *or /Be .ale or D>r+Ba.e in Bi. o2n na)e or /Bro>3B ano/Ber )e)-er o* a re+o3ni.ed a..o+ia/ion o* anF 3ood. or +la.. o* 3ood., /Ben, no/2i/B./andin3 anF/Bin3 +on/ained in anF la2 *or /i)e -ein3 in *or+e or in /Be r>le. or -Fe"la2. o* a re+o3ni.ed a..o+ia/ion, /Be 6o))i..ion )aF a*/er 3ivin3 an oDDor/>ni/F /o /Be )e)-er +on+erned o* -ein3 Beard, -F order, .>.Dend Bi. )e)-er.BiD o* anF a..o+ia/ion or DroBi-i/ Bi) *ro) en/erin3 in/o anF .>+B +on/ra+/!

(2) An order )ade >nder .>-".e+/ion 71: .Ball .De+i*F /Be Deriod *or 2Bi+B /Be .>.Den.ion or DroBi-i/ion i. /o Bave e**e+/ and .>+B Deriod )aF -e ex/ended *ro) /i)e /o /i)e ->/ .o a. no/ /o ex+eed /Bree Fear. in /Be a33re3a/e! (3) o order )ade >nder .>-".e+/ion 71: in re.De+/ o* anF )e)-er o* a re+o3ni.ed a..o+ia/ion .Ball a**e+/ /Be validi/F o* anF *or2ard +on/ra+/ en/ered in/o or )ade -F 2i/B or /Bro>3B .>+B )e)-er on or -e*ore /Be da/e o* .>+B order and re)ainin3 /o -e Der*or)ed on or a*/er /Be .aid da/eK ->/ /Be 6o))i..ion )aF )aCe .>+B Drovi.ion a. i/ dee). *i/ in .>+B order or in anF .>-.eE>en/ order *or /Be +lo.in3 o>/ o* anF .>+B *or2ard +on/ra+/!I
)B0 o2er of Centra" Go7ernment to su$er#ede 4o7ernin4 !ody of re#o4nised asso#iation055 71: 0i/Bo>/ DreL>di+e /o anF o/Ber Do2er. ve./ed in /Be 6en/ral 8overn)en/ >nder /Bi. A+/, 2Bere /Be 6en/ral 8overn)en/ i. o* oDinion /Ba/ /Be 3overnin3 -odF o* anF re+o3ni.ed a..o+ia/ion .Bo>ld -e .>Der+eded, /Ben, no/2i/B./andin3 anF/Bin3 +on/ained in /Bi. A+/ or in anF o/Ber la2 *or /Be /i)e -ein3 in *or+e, /Be 6en/ral 8overn)en/ )aF, a*/er 3ivin3 a rea.ona-le oDDor/>ni/F /o /Be 3overnin3 -odF o* /Be re+o3ni.ed a..o+ia/ion +on+erned /o .Bo2 +a>.e 2BF i/ .Bo>ld no/ -e .>Der.eded, -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, de+lare /Be 3overnin3 -odF o* .>+B a..o+ia/ion /o -e .>Der.eded *or .>+B Deriod no/ ex+eedin3 .ix )on/B. a. )aF -e .De+i*ied in /Be no/i*i+a/ion, and )aF aDDoin/ anF Der.on or Der.on. /o

exer+i.e and Der*or) all /Be Do2er. and d>/ie. o* /Be 3overnin3 -odF, and 2Bere )ore

Der.on. /Ban one are aDDoin/ed )aF aDDoin/ one o* .>+B Der.on. /o -e 6Bair)an and ano/Ber o* .>+B Der.on /o -e /Be Vi+e"6Bair)an! 72: 5n /Be D>-li+a/ion o* a no/i*i+a/ion in /Be o**i+ial 8aGe//e >nder .>-".e+/ion 71:, /Be *ollo2in3 +on.eE>en+e. .Ball en.>e, na)elF1

(1)

/Be )e)-er. o* /Be 3overnin3 -odF 2Bi+B Ba. -een .>Der.eded .Ball, a. *ro) /Be da/e o* /Be no/i*i+a/ion o* .>Der.e..ion, +ea.e /o Bold o**i+e a. .>+B )e)-er.K

(2)

/Be Der.on or Der.on. aDDoin/ed >nder .>-".e+/ion 71: )aF exer+i.e and Der*or) all /Be Do2er. and d>/ie. o* /Be 3overnin3 -odF 2Bi+B Ba. -een .>Der.ededK

(3)

all .>+B DroDer/F o* /Be re+o3ni.ed a..o+ia/ion a. /Be Der.on or Der.on.

aDDoin/ed >nder .>-".e+/ion 71: )aF, -F order in 2ri/in3, .De+i*F in /Bi. -eBal* a. -ein3 ne+e..arF *or /Be D>rDo.e o* ena-lin3 Bi) or /Be) /o +arrF o>/ /Be D>rDo.e o* /Bi. A+/, .Ball ve./ in .>+B Der.on or Der.on.!

(3) o/2i/B./andin3 anF/Bin3 /o /Be +on/rarF +on/ained in anF la2 or /Be r>le. or -Fe"la2. o* /Be a..o+ia/ion 2Bo.e 3overnin3 -odF i. .>Der.eded >nder .>-".e+/ion 71:, /Be Der.on or Der.on. aDDoin/ed >nder /Ba/ .>-".e+/ion .Ball Bold o**i+e *or .>+B Deriod a. )aF -e .De+i*ied in /Be no/i*i+a/ion D>-li.Bed >nder /Ba/ .>-".e+/ion, and /Be 6en/ral 8overn)en/ )aF, *ro) /i)e /o /i)e -F liCe no/i*i+a/ion, varF .>+B Deriod! (4) 5n /Be de/er)ina/ion o* /Be Deriod o* o**i+e o* anF Der.on or Der.on. aDDoin/ed >nder
/Bi. .e+/ion /Be re+o3ni.ed a..o+ia/ion .Ball *or/B2i/B re+on./i/>/e a 3overnin3 -odF in a++ordan+e 2i/B i/. r>le.1 =rovided /Ba/ >n/il a 3overnin3 -odF i. .o re+on./i/>/ed, /Be Der.on or Der.on. aDDoin/ed >nder .>-".e+/ion 71: .Ball no/ 2i/B./andin3 anF/Bin3 +on/ained in .>-".e+/ion 71: +on/in>e /o exer+i.e and Der*or) /Beir Do2er. and d>/ie.! 7(: 5n /Be re+on./i/>/ion o* a 3overnin3 -odF >nder .>-".e+/ion 74:, all /Be DroDer/F o* /Be re+o3ni.ed a..o+ia/ion 2Bi+B Bad ve./ed in, or 2a. in /Be Do..e..ion o*, /Be Der.on or Der.on. aDDoin/ed >nder .>-".e+/ion 71: .Ball ve./ or reve./, a. /Be +a.e )aF -e, in /Be 3overnin3 -odF .o re+on./i/>/ed!

14.

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

I* in /Be in/ere./ o* /Be /rade or in /Be D>-li+ in/ere./ /Be 6en/ral 8overn)en/ +on.ider. i/ exDedien/ .o /o do, i/ )aF -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, dire+/ a re+o3ni.ed a..o+ia/ion /o .>.Dend .>+B o* i/. ->.ine.. *or .>+B Deriod no/ ex+eedin3 .even daF. and .>-Le+/ /o .>+B +ondi/ion. a. )aF -e .De+i*ied in /Be no/i*i+a/ion, and )aF i*, in /Be oDinion o* /Be 6en/ral 8overn)en/, /Be in/ere./ o* /Be /rade or /Be D>-li+ in/ere./ .o reE>ire. -F liCe no/i*i+a/ion ex/end /Be .aid Deriod *ro) /i)e /o /i)e!

=rovided /Ba/ 2Bere /Be Deriod o* .>.Den.ion i. liCelF /o ex+eed one )on/B, no no/i*i+a/ion ex/endin3 /Be .>.Den.ion -eFond .>+B Deriod .Ball -e i..>ed, >nle.. /Be 3overnin3 -odF o* /Be re+o3ni.ed a..o+ia/ion Ba. -een 3iven an oDDor/>ni/F o* -ein3 Beard in /Be )a//er!
H3(I

HC/A TER III5A

Re4istered Asso#iations )-AA Certifi#ate of re4istration to !e o!tained !y a"" asso#iations0555 71: o a..o+ia/ion +on+erned 2i/B /Be re3>la/ion and +on/rol o* ->.ine.. rela/in3 /o *or2ard +on/ra+/. .Ball a*/er /Be +o))en+e)en/ o* /Be For2ard 6on/ra+/. 7Re3>la/ion: A)end)en/ A+/, 1'$0 7$2 o* 1'$0: 7Bereina*/er re*erred /o a. .>+B +o))en+e)en/:, +arrF on .>+B ->.ine.. ex+eD/ >nder, and in a++ordan+e 2i/B, /Be +ondi/ion. o* a +er/i*i+a/e o* re3i./ra/ion 3ran/ed >nder /Bi. A+/ -F /Be 6o))i..ion! 72: EverF a..o+ia/ion re*erred /o in .>-".e+/ion 71: 2Bi+B i. in exi./en+e a/ .>+B +o))en+e)en/, -e*ore /Be exDirF o* .ix )on/B. *ro) .>+B +o))en+e)en/, and everF a..o+ia/ion re*erred /o in .>-".e+/ion 71: 2Bi+B i. no/ in exi./en+e a/ .>+B +o))en+e)en/, -e*ore +o))en+in3 .>+B ->.ine.., .Ball )aCe an aDDli+a/ion *or a +er/i*i+a/e o* re3i./ra/ion /o /Be 6o))i..ion in .>+B *or) and +on/ainin3 .>+B Dar/i+>lar. a. )aF -e Dre.+ri-ed1 =rovided /Ba/ /Be 6o))i..ion )aF in i/. di.+re/ion ex/end *ro) /i)e /o /i)e /Be Deriod o* .ix )on/B. a*ore.aid >D /o one Fear in /Be a33re3a/e! 73: o/Bin3 in /Bi. .e+/ion .Ball -e dee)ed """

(1)

/o DroBi-i/ an a..o+ia/ion in exi./en+e a/ .>+B +o))en+e)en/ *ro) +arrFin3 on i/. ->.ine.. >n/il /Be di.Do.al o* /Be aDDli+a/ion )ade -F i/ >nder .>-" .e+/ion 72:K or

(2)

/o reE>ire a re+o3ni.ed a..o+ia/ion in exi./en+e a/ .>+B +o))en+e)en/ /o )aCe an aDDli+a/ion >nder .>-".e+/ion 72:K and everF .>+B a..o+ia/ion .Ball, a. .oon a. )aF -e a*/er .>+B +o))en+e)en/, -e 3ran/ed *ree o* +o./ -F /Be 6o))i..ion a +er/i*i+a/e o* re3i./ra/ion!

)-5.A Grant or refusa" of #ertifi#ate of re4istration0 555 5n re+eiD/ o* an aDDli+a/ion >nder Se+/ion 14"A /Be 6o))i..ion, a*/er )aCin3 .>+B enE>irF a. i/ +on.ider. ne+e..arF in /Bi. -eBal*, )aF -F order in 2ri/in3 3ran/ a +er/i*i+a/e o* re3i./ra/ion or re*>.e /o 3ran/ i/1 =rovided /Ba/ -e*ore re*>.in3 /o 3ran/ .>+B +er/i*i+a/e, /Be a..o+ia/ion .Ball -e 3iven an oDDor/>ni/F o* -ein3 Beard in /Be )a//er! )-5CA A$$"i#ation of Se#tions > and ),5. to re4istered asso#iations055

TBe Drovi.ion. o* Se+/ion. # and 12 B .Ball aDDlF in rela/ion /o a re3i./ered a..o+ia/ion a. /BeF aDDlF in rela/ion /o a re+o3ni.ed a..o+ia/ion 2i/B /Be .>-./i/>/ion o* """

(1) re*eren+e. /o /Be re3i./ered a..o+ia/ion, *or re*eren+e. /o /Be re+o3ni.ed

a..o+ia/ionK and 12"B!I

(2) /Be 2ord. /2o Fear., *or /Be 2ord. /Bree Fear. in .>-".e+/ion 72: o* Se+/ion

C/A TER IV For2ard #ontra#ts 6 O$tions in Goods )+0 For2ard #ontra#ts in notified 4oods i""e4a" or 7oid in #ertain #ir#umstan#es055

(1) TBe 6en/ral 8overn)en/ )aF, -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, de+lare /Bi. .e+/ion
/o aDDlF /o .>+B 3ood. or +la.. o* 3ood. and in .>+B area. a. )aF -e .De+i*ied in /Be no/i*i+a/ion, and /Bere>Don, .>-Le+/ /o /Be Drovi.ion. +on/ained in Se+/ion 1#, everF *or2ard +on/ra+/ *or /Be .ale or D>r+Ba.e o* anF 3ood. .De+i*ied in /Be no/i*i+a/ion 2Bi+B i. en/ered in/o in /Be area .De+i*ied /Berein o/Ber2i.e /Ban -e/2een )e)-er. o* a re+o3ni.ed a..o+ia/ion or /Bro>3B or 2i/B anF .>+B )e)-er .Ball -e ille3al!

(2) AnF *or2ard +on/ra+/ in 3ood. en/ered in/o in D>r.>an+e o* .>-".e+/ion 71: 2Bi+B i. in +on/raven/ion o* anF o* /Be -Fe"la2. .De+i*ied in /Bi. -eBal* >nder +la>.e 7a: o* .>-".e+/ion (3) o* Se+/ion 11 .Ball -e void" (1) a. re.De+/. /Be ri3B/. o* anF )e)-er o* /Be re+o3ni.ed a..o+ia/ion 2Bo Ba.
en/ered in/o .>+B +on/ra+/ in +on/raven/ion o* anF .>+B -Fe"la2 and al.o, /ran.a+/ion en/ailin3 .>+B +on/raven/ion!

(2) a. re.De+/. /Be ri3B/. o* anF o/Ber Der.on 2Bo Ba. Cno2in3lF Dar/i+iDa/ed in /Be
73: o/Bin3 in .>-".e+/ion 72: .Ball e**e+/ /Be ri3B/ o* anF Der.on o/Ber /Ban a )e)-er o* /Be re+o3ni.ed a..o+ia/ion /o en*or+e anF .>+B +on/ra+/ or /o re+over anF .>) >nder or in re.De+/ o* .>+B +on/ra+/1 =rovided /Ba/ .>+B Der.on Bad no Cno2led3e /Ba/ .>+B /ran.a+/ion 2a. in +on/raven/ion o* anF o* /Be -Fe"la2. .De+i*ied >nder +la>.e 7a: o* .>-".e+/ion 73: o* Se+/ion 11! H73A: AnF *or2ard +on/ra+/ in 3ood. en/ered in/o in D>r.>an+e o* .>-".e+/ion 71: 2Bi+B a/ /Be da/e o* /Be +on/ra+/ i. in +on/raven/ion o* anF o* /Be -Fe"la2. .De+i*ied in /Bi. -eBal* >nder +la>.e 7aa: o* .>-".e+/ion 3 o* Se+/ion 11 .Ball -e ille3al!I 74: o )e)-er o* a re+o3ni.ed a..o+ia/ion .Ball, in re.De+/ o* anF 3ood. .De+i*ied in /Be no/i*i+a/ion >nder .>-".e+/ion 71:, en/er in/o anF +on/ra+/ on Bi. o2n a++o>n/ 2i/B anF Der.on o/Ber /Ban a )e)-er o* /Be re+o3ni.ed a..o+ia/ion >nle.. Be Ba. .e+>red /Be +on.en/ or a>/Bori/F o* .>+B Der.on and di.+lo.e in /Be no/e, )e)orand>) or a3ree)en/ o* .ale or D>r+Ba.e /Ba/ Be Ba. -o>3B/ or .old /Be 3ood., a. /Be +a.e )aF -e, on Bi. o2n
H3$I

a++o>n/1

=rovided /Ba/ 2Bere /Be )e)-er Ba. .e+>red /Be +on.en/ or a>/Bori/F o* .>+B Der.on o/Ber2i.e /Ban in 2ri/in3 Be .Ball .e+>re a 2ri//en +on*ir)a/ion -F .>+B Der.on o* .>+B +on.en/ or a>/Bori/F 2i/Bin /Bree daF. *ro) /Be da/e o* .>+B +on/ra+/1 =rovided *>r/Ber /Ba/ in re.De+/ o* anF o>/./andin3 +on/ra+/ en/ered in/o -F a )e)-er 2i/B a Der.on o/Ber /Ban a )e)-er o* /Be re+o3ni.ed a..o+ia/ion, no +on.en/ or a>/Bori/F o* .>+B Der.on .Ball -e ne+e..arF *or +lo.in3 o>/ in a++ordan+e 2i/B /Be -Fe"la2. *or o>/./andin3 +on/ra+/, i* /Be )e)-er di.+lo.e. in /Be no/e, )e)orand>) or a3ree)en/ o* .ale or D>r+Ba.e in re.De+/ o* .>+B +lo.in3 o>/ /Ba/ Be Ba. -o>3B/ or .old /Be 3ood., a. /Be +a.e )aF -e, on Bi. o2n a++o>n/! )=0 Conse?uen#es of notifi#ation under Se#0 )+05 0Bere a no/i*i+a/ion Ba. -een i..>ed >nder Se+/ion 1(, /Ben no/2i/B./andin3 anF/Bin3 +on/ained in anF o/Ber la2 *or /Be /i)e -ein3 in *or+e or in anF +>./o), >.a3e or Dra+/i+e o* /Be /rade or /Be /er). o* anF +on/ra+/ or /Be -Fe"la2. o* anF a..o+ia/ion +on+erned rela/in3 /o anF +on/ra+/""

(1)

everF *or2ard +on/ra+/ *or /Be .ale or D>r+Ba.e o* anF 3ood. .De+i*ied in /Be no/i*i+a/ion, Hen/ered in/o on or -e*ore /Be da/e o* /Be no/i*i+a/ionI and re)ainin3 /o -e Der*or)ed a*/er /Be .aid da/e and 2Bi+B i. no/ in +on*or)i/F 2i/B /Be Drovi.ion. o* Se+/ion 1(, .Ball -e dee)ed /o -e +lo.ed o>/ a/ .>+B ra/e a. /Be 6en/ral 8overn)en/ )aF *ix in /Bi. -eBal* and di**eren/ ra/e. )aF -e *ixed *or di**eren/ +la..e. o* .>+B +on/ra+/.1
H3&I

(2)

all di**eren+e. ari.in3 o>/ o* anF +on/ra+/ .o dee)ed /o -e +lo.ed o>/ .Ball -e DaFa-le on /Be -a.i. o* /Be ra/e *ixed >nder +la>.e 7a: and /Be .eller .Ball no/ -e -o>nd /o 3ive and /Be ->Fer .Ball no/ -e -o>nd /o /aCe deliverF o* /Be 3ood.!

)10

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

(1) TBe 6en/ral 8overn)en/ )aF, -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, de+lare /Ba/ no Der.on .Ball .ave 2i/B /Be Der)i..ion o* /Be 6en/ral 8overn)en/, en/er in/o anF *or2ard +on/ra+/ *or /Be .ale or D>r+Ba.e o* anF 3ood. or +la.. o* 3ood. .De+i*ied in /Be no/i*i+a/ion and /o 2Bi+B Drovi.ion. o* Se+/ion 1( Bave no/ -een )ade aDDli+a-le, ex+eD/ /o /Be ex/en/ and in /Be )anner, i* anF, a. )aF -e .De+i*ied in /Be no/i*i+a/ion! (2) All *or2ard +on/ra+/. in +on/raven/ion o* /Be Drovi.ion. o* .>-".e+/ion 71: en/ered in/o a*/er /Be da/e o* D>-li+a/ion o* /Be no/i*i+a/ion /Bere>nder .Ball -e ille3al! (3) 0Bere a no/i*i+a/ion Ba. -een i..>ed >nder .>-".e+/ion 71:, /Be Drovi.ion. o* Se+/ion
1$ .Ball in /Be a-.en+e o* anF/Bin3 /o /Be +on/rarF in /Be no/i*i+a/ion, aDDlF /o all *or2ard +on/ra+/. *or /Be .ale or D>r+Ba.e o* anF 3ood. .De+i*ied in /Be no/i*i+a/ion Hen/ered in/o on or -e*ore /Be da/e o* no/i*i+a/ionI and re)ainin3 /o -e Der*or)ed a*/er /Be .aid da/e a. /BeF aDDlF /o all *or2ard +on/ra+/ *or /Be .ale or D>r+Ba.e or anF 3ood. .De+i*ied in /Be
H3#I

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

18.

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

71: o/Bin3 +on/ained in 6BaD/er III or 6BaD/er IV .Ball aDDlF /o non"/ran.*erra-le .De+i*i+ deliverF +on/ra+/. *or /Be .ale or D>r+Ba.e o* anF 3ood.1 =rovided /Ba/ no Der.on .Ball or3ani.e or a..i./ in or3ani.in3 or -e a )e)-er o* anF a..o+ia/ion in anF area /o 2Bi+B /Be Drovi.ion. o* Se+! 1( Bave -een )ade aDDli+a-le 7o/Ber /Ban a re+o3ni.ed a..o+ia/ion: 2Bi+B Drovide. *a+ili/ie. *or /Be Der*or)an+e o* anF non" /ran.*era-le .De+i*i+ deliverF +on/ra+/ -F anF Dar/F /Bere/o 2i/Bo>/ Bavin3 /o )aCe or re+eive a+/>al deliverF /o or *ro) /Be o/Ber Dar/F /o /Be +on/ra+/ or /o or *ro) anF o/Ber Dar/F na)ed in /Be +on/ra+/!

(2) 0Bere in re.De+/ o* anF area /Be Drovi.ion. o* Se+/ion 1( Bave -een )ade aDDli+a-le in
rela/ion /o *or2ard +on/ra+/. *or /Be .ale or D>r+Ba.e o* anF 3ood. or +la.. o* 3ood., /Be 6en/ral 8overn)en/ )aF, -F a liCe no/i*i+a/ion, de+lare /Ba/ in /Be .aid area or anF Dar/ /Bereo* a. )aF -e .De+i*ied in /Be no/i*i+a/ion all or anF o* /Be Drovi.ion. o* 6BaD/er III or 6BaD/er IV .Ball no/ aDDlF /o /ran.*era-le .De+i*i+ deliverF +on/ra+/. *or /Be .ale or D>r+Ba.e o* /Be .aid 3ood. or +la.. o* 3ood. ei/Ber 3enerallF, or /o anF +la.. o* .>+B +on/ra+/. in Dar/i+>lar!

(3) o/2i/B./andin3 anF/Bin3 +on/ained in .>-".e+/ion 71:, i* /Be 6en/ral 8overn)en/ i. o* oDinion /Ba/ in /Be in/ere./ o* /Be /rade or in /Be D>-li+ in/ere./ i/ i. exDedien/ /o re3>la/e and +on/rol non"/ran.*era-le .De+i*i+ deliverF +on/ra+/. in anF area, i/ )aF, -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, de+lare /Ba/ all or anF o* /Be Drovi.ion. o* 6BaD/er. III and IV .Ball aDDlF /o .>+B +la.. or +la..e. o* non"/ran.*era-le .De+i*i+ deliverF +on/ra+/. in .>+B area in re.De+/ o* .>+B 3ood. or +la.. o* 3ood. a. )aF -e .De+i*ied in /Be no/i*i+a/ion, and )aF al.o .De+i*F /Be )anner in 2Bi+B and /Be ex/en/ /o 2Bi+B all or anF o* /Be .aid Drovi.ion. .Ball .o aDDlF!
)*0 ro8i!ition of o$tions in 4oods055

o/2i/B./andin3 anF/Bin3 +on/ained in /Bi. A+/ or in anF o/Ber la2 *or /Be /i)e -ein3 in *or+e, all oD/ion. in 3ood. en/ered in/o a*/er /Be da/e on 2Bi+B /Bi. .e+/ion +o)e. in/o *or+e .Ball -e ille3al!

(1)

(2) AnF oD/ion in 3ood. 2Bi+B Ba. -een en/ered in/o -e*ore /Be da/e on 2Bi+B /Bi. .e+/ion +o)e. in/o *or+e and 2Bi+B re)ain. /o -e Der*or)ed, 2Be/Ber 2BollF or in Dar/, a*/er /Be .aid da/e .Ball, /o /Ba/ ex/en/ -e+o)e void!
C/A TER V ena"ties and ro#edures

H,C ena"ty for #ontra7ention of #ertain $ro7isions of C8a$ter IV0 5555 AnF Der.on 2Bo ""

H3'I

7a: 7i: in anF re/>rn, ./a/e)en/ or o/Ber do+>)en/ reE>ired -F or >nder /Bi. A+/, )aCe. a ./a/e)en/ 2Bi+B i. *al.e in anF )a/erial Dar/i+>lar, Cno2in3 i/ /o -e *al.e, or 2il*>llF o)i/. /o )aCe a )a/erial ./a/e)en/K or

(2) 2i/Bo>/ rea.ona-le ex+>.e 7/Be ->rden o* Drovin3 2Bi+B .Ball -e on Bi): *ail. /o
*>rni.B anF re/>rn, ./a/e)en/ or o/Ber do+>)en/ or anF in*or)a/ion or /o an.2er anF E>e./ion or /o +o)DlF 2i/B anF reE>i.i/ion )ade >nder /Bi. A+/ or anF r>le. )ade /Bere>nderK or

(3) en/er. in/o anF *or2ard +on/ra+/ d>rin3 /Be Deriod o* .>.Den.ion o* ->.ine.. o*
a re+o3ni.ed a..o+ia/ion in D>r.>an+e o* a no/i*i+a/ion >nder Se+/ion 14K or

(2) i. a )e)-er o* anF a..o+ia/ion, o/Ber /Ban a re+o3ni.ed a..o+ia/ion, /o 2Bi+B a

+er/i*i+a/e o* re3i./ra/ion Ba. no/ -een 3ran/ed >nder /Bi. A+/K or

(3) D>-li.Be. or +ir+>la/e. in*or)a/ion rela/in3 /o /Be ra/e a/ 2Bi+B anF *or2ard
+on/ra+/ Ba. -een en/ered in/o in +on/raven/ion o* anF o* /Be -Fe"la2. o* a re+o3ni.ed or3ani.a/ion, or

(4) or3ani.e. or a..i./. in or3ani.in3, or i. a )e)-er o* anF a..o+ia/ion in

+on/raven/ion o* /Be Drovi.ion. +on/ained in /Be Drovi.o /o .>-".e+/ion 71: o* Se+/ion 1#K or

(5) en/er. in/o anF *or2ard +on/ra+/ or anF oD/ion in 3ood. in +on/raven/ion o* anF o*
/Be Drovi.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 .Ball on +onvi+/ion -e D>ni.Ba-le """

(1) *or a *ir./ o**en+e, 2i/B i)Dri.on)en/ 2Bi+B )aF ex/end /o one Fear or 2i/B a *ine o* no/ le.. /Ban one /Bo>.and r>Dee., or 2i/B -o/BK (2) *or a .e+ond or .>-.eE>en/ o**en+e >nder +la>.e 7d:, or >nder +la>.e 7e: Ho/Ber /Ban an o**en+e in re.De+/ o* +on/raven/ion o* /Be Drovi.ion. o* .>-".e+/ion 74: o* Se+/ion 1(I 2i/B i)Dri.on)en/ 2Bi+B )aF ex/end /o one Fear and al.o 2i/B *ineK Drovided /Ba/ in /Be a-.en+e o* .De+ial and adeE>a/e rea.on. /o /Be +on/rarF /o -e )en/ioned in /Be L>d3e)en/ o* /Be 6o>r/, /Be i)Dri.on)en/ .Ball -e no/ le.. /Ban one )on/B and /Be *ine .Ball no/ -e le.. /Ban one /Bo>.and r>Dee.!I
,)0 ena"ty for o2nin4 or 3ee$in4 $"a#e used for enterin4 into for2ard #ontra#ts in 4oods055 AnF Der.on 2Bo ""

(1) o2n. or CeeD. a Dla+e o/Ber /Ban o* a re+o3ni.ed a..o+ia/ion 2Bi+B i. >.ed *or /Be
D>rDo.e o* en/erin3 in/o or )aCin3 or Der*or)in3, 2Be/Ber 2BollF or in Dar/, anF *or2ard +on/ra+/. in +on/raven/ion o* anF o* /Be Drovi.ion. o* /Bi. A+/ and Cno2in3lF Der)i/. .>+B Dla+e /o -e >.ed *or .>+B D>rDo.e., or

(2) 2i/Bo>/ /Be Der)i..ion o* /Be 6en/ral 8overn)en/ or3ani.e., or a..i./. in or3ani.in3,
or -e+o)e. a )e)-er o* anF a..o+ia/ion, o/Ber /Ban a re+o3ni.ed a..o+ia/ion, *or /Be D>rDo.e o* a..i./in3 in en/erin3 in/o or )aCin3 or Der*or)in3, 2Be/Ber 2BollF or in Dar/, anF *or2ard +on/ra+/. in +on/raven/ion o* anF o* /Be Drovi.ion.

o* /Bi. A+/, or

7+: )ana3e., +on/rol. or a..i./. in CeeDin3 anF Dla+e o/Ber /Ban /Ba/ o* a re+o3ni.ed a..o+ia/ion, 2Bi+B i. >.ed *or /Be D>rDo.e o* en/erin3 in/o or )aCin3 or Der*or)in3, 2Be/Ber 2BollF or in Dar/, anF *or2ard +on/ra+/ in

1. +on/raven/ion o* anF o* /Be Drovi.ion. o* /Bi. A+/ or a/ 2Bi+B .>+B +on/ra+/. are
re+orded or adL>./ed, or ri3B/. or lia-ili/ie. ari.in3 o>/ o* .>+B *or2ard +on/ra+/. are adL>./ed, re3>la/ed or en*or+ed in anF )anner 2Ba/.oever, or

(4) no/ -ein3 a )e)-er o* a re+o3ni.ed a..o+ia/ion, 2il*>llF reDre.en/. /o, or ind>+e.,
anF Der.on /o -elieve /Ba/ Be i. a )e)-er o* a re+o3ni.ed a..o+ia/ion or /Ba/ *or2ard +on/ra+/. +an -e en/ered in/o or )ade or Der*or)ed, 2Be/Ber 2BollF or in Dar/, >nder /Bi. A+/ /Bro>3B Bi),

(5) no/ -ein3 a )e)-er o* a re+o3ni.ed a..o+ia/ion or Bi. a3en/ a>/Bori.ed a. .>+B
>nder /Be r>le. or -Fe"la2. o* .>+B a..o+ia/ion, +anva..e., adver/i.e. or /o>/. in anF )anner, ei/Ber *or Bi).el* or on -eBal* o* anF o/Ber Der.on, *or anF ->.ine.. +onne+/ed 2i/B *or2ard +on/ra+/. in +on/raven/ion o* anF o* /Be Drovi.ion. o* /Bi. A+/, or

(6) Loin., 3a/Ber., or a..i./. in 3a/Berin3 a/ anF Dla+e, o/Ber /Ban /Be Dla+e o* ->.ine..
.De+i*ied in /Be -Fe"la2. o* a re+o3ni.ed a..o+ia/ion, anF Der.on or Der.on. *or )aCin3 -id. or o**er. or *or en/erin3 in/o or )aCin3 or Der*or)in3, 2Be/Ber 2BollF or in Dar/, anF *or2ard +on/ra+/. in +on/raven/ion o* anF o* /Be Drovi.ion. o* /Bi. A+/, or

(7) )aCe., D>-li.Be. or +ir+>la/e. anF ./a/e)en/ or in*or)a/ion 2Bi+B i. *al.e and 2Bi+B
Be ei/Ber Cno2. or -elieve. /o -e *al.e, a**e+/in3 or /endin3 /o a**e+/ /Be +o>r.e o* ->.ine.. in *or2ard +on/ra+/. in re.De+/ o* 3ood. /o 2Bi+B /Be Drovi.ion. o* H40I Se+/ion 1( Bave -een )ade aDDli+a-le, HorI H7B: )aniD>la/e. or a//e)D/. /o )aniD>la/e Dri+e. in re.De+/ o* *or2ard +on/ra+/. *or /Be .ale or D>r+Ba.e o* anF 3ood. .De+i*ied in anF no/i*i+a/ion >nder Se+/ion 1(, in anF area .De+i*ied in /Ba/ no/i*i+a/ion,I
H42I H41I

H.Ball on +onvi+/ion -e D>ni.Ba-le ""

(1) *or a *ir./ o**en+e, 2i/B i)Dri.on)en/ 2Bi+B )aF ex/end /o /2o Fear. or 2i/B a *ine o* no/ le.. /Ban one /Bo>.and r>Dee., or 2i/B -o/BK (2) *or a .e+ond or .>-.eE>en/ o**en+e, 2i/B i)Dri.on)en/ 2Bi+B )aF ex/end /o /2o
Fear. and al.o 2i/B *ine1 Drovided /Ba/ in /Be a-.en+e o* .De+ial and adeE>a/e rea.on. /o /Be +on/rarF /o -e )en/ioned in /Be L>d3)en/ o* /Be 6o>r/, /Be i)Dri.on)en/ .Ball no/ -e le.. /Ban one )on/B and /Be *ine .Ball no/ -e le.. /Ban one /Bo>.and r>Dee.!I H,)AA o2er of Court to order forfeiture of $ro$erty055 AnF +o>r/ /rFin3 an o**en+e D>ni.Ba-le >nder Se+/ion 20 or Se+/ion 21 )aF, i* i/ /BinC. *i/ and in addi/ion /o anF .en/en+e 2Bi+B i/ )aF i)Do.e *or .>+B o**en+e, dire+/ /Ba/ anF )oneF, 3ood. or o/Ber DroDer/F in re.De+/ o* 2Bi+B /Be o**en+e Ba. -een +o))i//ed, .Ball -e *or*ei/ed /o /Be 6en/ral 8overn)en/! Explanation. -- For /Be D>rDo.e o* /Bi. .e+/ion DroDer/F in re.De+/ o* 2Bi+B an o**en+e Ba. -een +o))i//ed, .Ball in+l>de deDo.i/. in a -anC 2Bere /Be .aid DroDer/F i. +onver/ed in/o
H43I

.>+B deDo.i/.!I

,,0 Offen#es !y #om$anies055 71: 0Bere an o**en+e Ba. -een +o))i//ed -F a +o)DanF, everF Der.on 2Bo a/ /Be /i)e /Be o**en+e 2a. +o))i//ed, 2a. in +Bar3e o*, and 2a. re.Don.i-le /o /Be +o)DanF *or /Be +ond>+/ o*, /Be ->.ine.. o* /Be +o)DanF, a. 2ell a. /Be +o)DanF, .Ball -e dee)ed /o -e 3>il/F o* /Be o**en+e and .Ball -e lia-le /o -e Dro+eeded a3ain./ and D>ni.Bed a++ordin3lF1 =rovided /Ba/ no/Bin3 +on/ained in /Bi. .>-".e+/ion .Ball render anF .>+B Der.on lia-le /o anF D>ni.B)en/ Drovided in /Bi. A+/, i* Be Drove. /Ba/ /Be o**en+e 2a. +o))i//ed 2i/Bo>/ Bi. Cno2led3e or /Ba/ Be exer+i.ed all d>e dili3en+e /o Dreven/ /Be +o))i..ion o* .>+B o**en+e! 72: o/2i/B./andin3 anF/Bin3 +on/ained in .>-".e+/ion 71:, 2Bere an o**en+e >nder /Bi. A+/ Ba. -een +o))i//ed -F a +o)DanF and i/ i. Droved /Ba/ /Be o**en+e Ba. -een +o))i//ed 2i/B /Be +on.en/ or +onnivan+e o*, or i. a//ri->/a-le /o anF 3ro.. ne3li3en+e on /Be Dar/ o* anF dire+/or, )ana3er, .e+re/arF or o/Ber o**i+er o* /Be +o)DanF, .>+B dire+/or, )ana3er, .e+re/arF or o/Ber o**i+er .Ball al.o -e dee)ed /o -e 3>il/F o* /Ba/ o**en+e and .Ball -e lia-le /o -e Dro+eeded a3ain./ and D>ni.Bed a++ordin3lF! Explanation!"For /Be D>rDo.e o* /Bi. Se+/ion "

(1) (2)
H44I

+o)DanF )ean. anF -odF +orDora/e and in+l>de. a *ir) or o/Ber a..o+ia/ion o* individ>al.K and dire+/or, in rela/ion /o a *ir), )ean. a Dar/ner in /Be *ir)!

H,,A0

o2er to sear#8 and seiDe !oo3s of a##ount or ot8er do#uments0555

(1) AnF Dre.iden+F Ma3i./ra/e or a Ma3i./ra/e o* /Be *ir./ +la.. )aF, -F 2arran/, a>/Bori.e anF Doli+e o**i+er no/ -elo2 /Be ranC o* .>-"in.De+/or /o en/er >Don and .ear+B anF Dla+e 2Bere -ooC. o* a++o>n/ or o/Ber do+>)en/. rela/in3 /o *or2ard +on/ra+/. or oD/ion. in 3ood. en/ered in/o in +on/raven/ion o* /Be Drovi.ion. o* /Bi. A+/, )aF -e rea.ona-lF .>.De+/ed /o -e, and .>+B Doli+e o**i+er )aF .eiGe anF .>+B -ooC. or do+>)en/., i* in Bi. oDinion, i/ rela/e. /o anF .>+B *or2ard +on/ra+/ or oD/ion in 3ood.!
, .Ball .o *ar a. )aF -e, aDDlF /o .ear+B or .eiG>re )ade >nder .>-".e+/ion 71: a. /BeF aDDlF /o anF .ear+B or .eiG>re )ade >nder /Be a>/Bori/F o* a 2arran/ i..>ed >nder Se+/ion '# o* /Be .aid 6ode! ,,5.0 resum$tion to !e dra2n in #ertain #ases05

(2) TBe Drovi.ion. o* /Be 6ode o* 6ri)inal =ro+ed>re, 1#'# 7( o* 1#'#:

H4(I

71: 0Bere anF -ooC. o* a++o>n/ or do+>)en/. are .eiGed *ro) anF Dla+e and /Bere are en/rie. /Berein )aCin3 re*eren+e /o E>an/i/F, E>o/a/ion., ra/e., )on/B. o* deliverF, re+eiD/ or DaF)en/ o* di**eren+e. or .ale or D>r+Ba.e o* 3ood. or oD/ion. in 3ood., .>+B -ooC. o* a++o>n/. or o/Ber do+>)en/. .Ball -e ad)i//ed in eviden+e 2i/Bo>/ 2i/ne..e. Bavin3 /o

aDDear /o Drove /Be .a)eK and .>+B en/rie. .Ball -e prima-facie eviden+e o* )a//er., /ran.a+/ion. and a++o>n/. D>rDor/ed /o -e /Berein re+orded! 72: In anF /rial *or an o**en+e D>ni.Ba-le >nder Se+/ion 21, i/ .Ball -e Dre.>)ed, >n/il /Be +on/rarF i. Droved /Ba/ /Be Dla+e in 2Bi+B /Be -ooC. o* a++o>n/ or o/Ber do+>)en/. re*erred /o in .>-".e+/ion 71: 2ere .eiGed, 2a. >.ed, and /Ba/ /Be Der.on. *o>nd /Berein 2ere Dre.en/, *or /Be D>rDo.e o* /Be .aid o**en+e! ,B0 Certain offen#es to !e #o4niDa!"e0555 o/2i/B./andin3 anF/Bin3 +on/ained in /Be 6ode o* 6ri)inal =ro+ed>re, H/Be *ollo2in3 o**en+e. .Ball -e dee)ed /o -e +o3niGa-le 2i/Bin /Be )eanin3 o* /Ba/ 6ode, na)elF1
H4$I

(1) an o**en+e *allin3 >nder .>-"+la>.e 7ii: o* +la>.e 7a: o* Se+/ion 20 in .o *ar a. i/
rela/e. /o /Be *ail>re /o +o)DlF 2i/B anF reE>i.i/ion )ade >nder .>-".e+/ion 73: o* Se+/ion #K

(2) an o**en+e *allin3 >nder +la>.e 7d: o* Se+/ion 20K (3) an o**en+e *allin3 >nder +la>.e 7e: o* Se+/ion 20 o/Ber /Ban a +on/raven/ion o* /Be
Drovi.ion. o* .>-".e+/ion 73"A: or .>-".e+/ion 74: o* Se+/ion 1(K

(4) an o**en+e *allin3 >nder Se+/ion 21!I

,-0 Eurisdi#tion to try offen#e under t8is A#t055 o +o>r/ in*erior /o /Ba/ o* a =re.iden+F Ma3i./ra/e or a Ma3i./ra/e o* /Be *ir./ +la.. .Ball /aCe +o3niGan+e o* or /rF anF o**en+e D>ni.Ba-le >nder /Bi. A+/!

C/A TER VI Mis#e""aneous

25. Ad7isory Committee055 For /Be D>rDo.e o* advi.in3 /Be 6en/ral 8overn)en/ in rela/ion /o anF )a//er +on+ernin3 /Be oDera/ion o* /Bi. A+/, /Be 6en/ral 8overn)en/ )aF e./a-li.B an advi.orF +o))i//ee +on.i./in3 o* .>+B n>)-er o* Der.on. a. )aF -e Dre.+ri-ed! 26. o2er to de"e4ate055 TBe 6en/ral 8overn)en/ )aF, -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, dire+/ /Ba/ anF Do2er exer+i.a-le -F i/ >nder /Bi. A+/ )aF, in .>+B +ir+>)./an+e. and .>-Le+/ /o .>+B +ondi/ion., i* anF, a. )aF -e .De+i*ied -e exer+i.ed -F .>+B o**i+er. or a>/Bori/F, in+l>din3 anF S/a/e 8overn)en/ or o**i+er. or a>/Bori/ie. /Bereo* a. )aF -e .De+i*ied in /Be dire+/ion! 27. o2er to e9em$t055 TBe 6en/ral 8overn)en/ )aF, -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, exe)D/, .>-Le+/ /o .>+B +ondi/ion. and in .>+B +ir+>)./an+e. and in .>+B area. a.

)aF -e .De+i*ied in /Be no/i*i+a/ion anF +on/ra+/ or +la.. o* +on/ra+/. *ro) /Be oDera/ion o* all or anF o* /Be Drovi.ion. o* /Bi. A+/!
H4&I

H,1 A

rote#tion of a#tion ta3en in 4ood fait805

o .>i/ or o/Ber le3al Dro+eedin3 .Ball lie in anF 6o>r/ a3ain./ /Be 6en/ral 8overn)en/ or anF )e)-er, o**i+er or .ervan/ o* /Be 6o))i..ion *or anF/Bin3 2Bi+B i. in 3ood *ai/B done or in/ended /o -e done >nder /Bi. A+/, or anF r>le or -Fe"la2 )ade /Bere>nder!

(1)

(2) o .>i/ or o/Ber le3al Dro+eedin3 .Ball lie in anF 6o>r/ a3ain./ /Be 3overnin3 -odF or anF )e)-er, o**i+e"-earer or .ervan/ o* anF re+o3ni.ed a..o+ia/ion or a3ain./ anF Der.on aDDoin/ed >nder .>-".e+/ion 71: o* Se+/ion 13 *or anF/Bin3 2Bi+B i. in 3ood *ai/B done or in/ended /o -e done 2i/B /Be aDDroval, a/ /Be in./an+e, o* /Be 6o))i..ion and in D>r.>an+e o* /Bi. A+/, or o* anF r>le or -Fe"la2 )ade /Bere>nder!I
,>0 o2er to ma3e ru"es055

(1) TBe 6en/ral 8overn)en/ )aF, -F no/i*i+a/ion in /Be o**i+ial 8aGe//e, )aCe r>le. *or /Be D>rDo.e o* +arrFin3 in/o e**e+/ /Be o-Le+/. o* /Bi. A+/! (2) In Dar/i+>lar, and 2i/Bo>/ DreL>di+e /o /Be 3enerali/F o* /Be *ore3oin3 Do2er, .>+B r>le. )aF Drovide *or,"" (1) (2) (3)
/Be /er). and +ondi/ion. o* .ervi+e o* )e)-er. o* /Be 6o))i..ionK /Be )anner in 2Bi+B aDDli+a/ion. *or re+o3ni/ion )aF -e )ade >nder Se+/ion ( and levF o* *ee. in re.De+/ /Bereo*K /Be )anner in 2Bi+B anF inE>irF *or /Be D>rDo.e o* re+o3ni.in3 anF a..o+ia/ion )aF -e )ade and /Be *or) in 2Bi+B re+o3ni/ion .Ball -e 3ran/edK H7++: /Be )anner in 2Bi+B /Be aDDli+a/ion *or +er/i*i+a/e. o* re3i./ra/ion )aF -e )ade >nder Se+/ion 14A and /Be levF o* *ee. in re.De+/ o* .>+B aDDli+a/ionKI
H4#I

(4) (5) (6)

/Be Dar/i+>lar. /o -e +on/ained in /Be ann>al reDor/. o* re+o3ni.ed a..o+ia/ion.K /Be )anner in 2Bi+B -Fe"la2. /o -e )ade, a)ended or revi.ed >nder /Bi. A+/ .Ball, -e*ore -ein3 .o )ade, a)ended or revi.ed, -e D>-li.Bed *or +ri/i+i.)K /Be +on./i/>/ion o* /Be advi.orF +o))i//ee e./a-li.Bed >nder Se+/ion 2(, /Be /er). o* o**i+e o* and /Be )anner o* *illin3 va+an+ie. a)on3 )e)-er. o* /Be +o))i//eeK /Be in/erval 2i/Bin 2Bi+B )ee/in3. o* /Be advi.orF +o))i//ee )aF -e Beld and /Be Dro+ed>re /o -e *ollo2ed a/ .>+B )ee/in3.K and /Be )a//er. 2Bi+B )aF -e re*erred -F /Be 6en/ral 8overn)en/ /o /Be advi.orF +o))i//ee *or advi+eK

anF o/Ber )a//er 2Bi+B i. /o -e or )aF -e Dre.+ri-ed! -e laid, a. .oon a. )aF -e a*/er i/ i. )ade, -e*ore ea+B <o>.e o* =arlia)en/, 2Bile i/ i. in H4'I H73: EverF r>le )ade >nder /Bi. A+/ .Ball .e..ion, *or a /o/al Deriod o* /Bir/F daF. 2Bi+B

(7)

)aF -e +o)Dri.ed in one .e..ion or in /2o or)ore .>++e..ive .e..ion., and i*, -e*ore /Be

exDirF o* /Be .e..ion i))edia/elF *ollo2in3 /Be .e..ion or /Be .>++e..ive .e..ion. a*ore.aid, -o/B <o>.e. a3ree in )aCin3 anF )odi*i+a/ion in /Be r>le or -o/B <o>.e. a3ree /Ba/ /Be r>le .Bo>ld no/ -e )ade, /Be r>le .Ball /Berea*/er Bave e**e+/ onlF in .>+B )odi*ied *or) or -e o* no e**e+/, a. /Be +a.e )aF -eK .o, Bo2ever, /Ba/ anF .>+B )odi*i+a/ion or ann>l)en/ .Ball -e 2i/Bo>/ DreL>di+e /o /Be validi/F o* anF/Bin3 Drevio>.lF done >nder /Ba/ r>le!I

29.

Re$ea" and sa7in4s0555

I* i))edia/elF -e*ore /Be da/e on 2Bi+B /Bi. A+/ or anF Drovi.ion +on/ained /Berein i. )ade aDDli+a-le /o anF 3ood. or +la..e. o* 3ood. in anF S/a/e, /Bere i. in *or+e in /Ba/ S/a/e, anF la2 +orre.Dondin3 /o /Bi. A+/ or, a. /Be +a.e )aF -e, /o anF Drovi.ion +on/ained /Berein 2Bi+B i. aDDli+a-le /o /Bo.e 3ood. or +la..e. o* 3ood., /Ba/ la2 .Ball ./and reDealed on /Be .aid da/e! =rovided /Ba/ /Be reDeal .Ball no/ a**e+/""

(1) (2) (3) (4)

/Be Drevio>. oDera/ion o* anF la2 .o reDealed or anF/Bin3 d>lF done or

.>**ered /Bere>nderK or anF ri3B/, Drivile3e, o-li3a/ion or lia-ili/F a+E>ired, a++r>ed or in+>rred >nder anF la2 .o reDealedK or
anF Denal/F, *or*ei/>re or D>ni.B)en/ in+>rred in re.De+/ o* anF o**en+e

+o))i//ed a3ain./ anF la2 .o reDealedK or anF inve./i3a/ion, le3al Dro+eedin3 or re)edF in re.De+/ o* anF .>+B ri3B/, Drivile3e, o-li3a/ion, lia-ili/F, Denal/F, *or*ei/>re or D>ni.B)en/ a. a*ore.aidK anF .>+B inve./i3a/ion, le3al Dro+eedin3 or re)edF )aF -e in./i/>/ed, +on/in>ed or en*or+ed and anF .>+B Denal/F, *or*ei/>re or D>ni.B)en/ )aF -e i)Do.ed a. i* /Bi. A+/ Bad no/ -een Da..ed! =rovided *>r/Ber /Ba/, .>-Le+/ /o /Be Dre+edin3 Drovi.o, anF/Bin3 done or anF a+/ion /aCen 7in+l>din3 anF aDDoin/)en/ )ade, no/i*i+a/ion or order i..>ed, r>le, re3>la/ion, *or) or -Fe" la2 *ra)ed, or re+o3ni/ion 3ran/ed: >nder anF .>+B la2 .Ball -e dee)ed /o Bave -een done or /aCen >nder /Be +orre.Dondin3 Drovi.ion. o* /Bi. A+/, and .Ball +on/in>e /o -e in *or+e a++ordin3lF >nle.. and >n/il .>Der.eded -F anF/Bin3 done or anF a+/ion /aCen >nder /Bi. A+/!

[1] TBe 2ord. ex+eD/ /Be S/a/e o* 4a))> A Na.B)ir o)i//ed -F A+/ $2 0* 1'$0, Se+/ion 2
72!e!*! 2#!12!$0:!

[2] TBe 2ord. a/ *>/>re da/e o)i//ed -F A+/ (3 o* 1'&1, Se+/ion 2 72!e!*! 11!10!1'&1:! [3] Added -F A+/ (3 o* 1'&1, Se+/ion 2 72!e!*! 11!10!1'&1:! [4] S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion 3 72!e!!*! 2#!12!1'$0:! [5] In.er/ed -F A+/ $2 o* 1'$0, Se+/ion 3 72!e!*! 2#!12!1'$0:! [6] S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion 4 72!e!*! 2#!12!1'$0:!

H&I

S>-./i/>/ed -F A+/ 4$ o* 1'(3, Se+/ion 2 72!e!*! 23!12!1'(3:!

[8] In.er/ed -F A+/ $2 o* 1'$0, Se+/ion 4 72!e!*! 2#!12!1'$0:! [9] S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion ( 72!e!*! 2#!12!1'$0:! [10]
S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion ( 72!e!*! 2#!12!1'$0:!

[11] o2 .ee /Be 6ode o* 6ri)inal =ro+ed>re, 1'&3 7 2 o* 1'&4: [12] o2 .ee Se+/ion 34$ o* /Be 6ode o* 6ri)inal =ro+ed>re, 1'&3! [13] [14] [15] [16] [17] [18] [19] [20] [21] [22]
H23I

S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion & 72!e!*! 2#!12!1'$0:! In.er/ed -F A+/ $2 o* 1'$0, Se+/ion & 72!e!*! 2#!12!1'$0:! In.er/ed -F A+/ $2 o* 1'$0, Se+/ion & 72!e!*! 2#!12!1'$0:! In.er/ed -F A+/ $2 o* 1'$0, Se+/ion & 72!e!*! 2#!12!1'$0:! S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion # 72!e!*! 2#!12!1'$0:! In.er/ed -F A+/ 32 o* 1'(&, Se+/ion 2 72!e!*! 1&!0'!1'(&:! In.er/ed -F A+/ $2 o* 1'$0, Se+/ion ' 72!e!*! 2#!12!1'$0:! Rele//ered -F A+/ $2 o* 1'$0, Se+/ion ' 72!e!*! 2#!12!1'$0:! In.er/ed -F A+/ $2 o* 1'$0, Se+/ion ' 72!e!*! 2#!12!1'$0:! Rele//ered -F A+/ $2 o* 1'$0, Se+/ion ' 72!e!*! 2#!12!1'$0:!

Rele//ered -F A+/ $2 o* 1'$0, Se+/ion ' 72!e!*! 2#!12!1'$0:!

In.er/ed -F A+/ $2 o* 1'$0, Se+/ion ' 72!e!*! 2#!12!1'$0:! Rele//ered -F A+/ $2 o* 1'$0, Se+/ion ' 72!e!*! 2#!12!1'$0:! S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion ' 72!e!*! 2#!12!1'$0:!

[24] [25] [26]

[27] S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion ' 72!e!*! 2#!12!1'$0:! 1 S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion ' 72!e!*! 2#!12!1'$0:! 2 S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion ' 72!e!*! 2#!12!1'$0:!

[30] [31]

In.er/ed -F A+/ $2 o* 1'$0, Se+/ion 11 72!e!*! 2#!12!1'$0:! 5)i//ed -F A+/ $2 o* 1'$0, Se+/ion 11 72!e!*! 2#!12!1'$0:!

S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion 11 72!e!*! 2#!12!1'$0:!

[32] [33] [34] [35] [36] [37] [38] [39] [40] [41] [42] [43] [44] [45] [46] [47]
A+/

S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+/ion 12 72!e!*! 2#!12!1'$0:! In.er/ed -F A+/ $2 o* 1'$0, Se+/ion 13 72!e!*! 2#!12!1'$0:! In.er/ed -F A+/ $2 o* 1'$0, Se+! 14 72!e!*! 2#!12!1'$0:! In.er/ed -F A+/ $2 o* 1'$0, Se+! 1( 72!e!*! 2#!12!1'$0:! S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+! 1$ 72!e!*! 2#!12!1'$0:! S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+! 1$ 72!e!*! 2#!12!$0:! S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+! 1& 72!e!*! 2#!12!1'$0: Added -F A+/ $2 o* 1'$0, Se+!1# 72!e!*!2#!12!$0:! In.er/ed -F A+/ $2 o* 1'$0, Se+!1# 72!e!*!2#!12!$0:! S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+!1# 72!e!*!2#!12!$0:! In.er/ed -F A+/ $2 o* 1'$0, Se+!1' 72!e!*! 2#!12!$0:! In.er/ed -F A+/ $2 o* 1'$0, Se+! 20 72!e!*! 2#!12!$0:! See no2 /Be 6ode o* 6ri)inal =ro+ed>re, 1'&3 7 2 o* 1'&4:! S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+! 21 72!e!*! 2#!12!$0:! S>-./i/>/ed -F A+/ $2 o* 1'$0, Se+! 22 72!e!*! 2#!12!$0:! In.er/ed -F A+/ $2 o* 1'$0, Se+! 23 72!e!*! 2#!12!$0:! In.er/ed -F A+/ 4 o* 1'#$, Se+! 2 -F /Be Dele3a/ed 9e3i.la/ion =rovi.ion. 7A)end)en/: o! 4 o* 1'#$, Se+/ion 2, S+Bed>le, S o! 3&!

[48]