Mahabir Beopar Mandal Ltd VS. Forward Market Commission

Summary

---

The appellants contended that the Forward Market Commis- sion under the Forward Contract (Regulation) Act 1952 cannot impose conditions under sections 14A and 14B on the commodities in respect of which business can be carried out by persons who apply for registration. Secondly, the provisions. contained in s. 4 of the Act do not confer power on the Commission to impose conditions. Thirdly, in respect of recognised associations, the Commission had no power to impose conditions with regard to commodities in which they deal.

Dismissing the appeal,

HELD: All the 3 conditions raised in the present appeal are covered against the appellant by the decision of this Court in the case of Union India v. M/s Rajdhani Grain and Jaggery Exchange Ltd. reported in [1975], Supp, SCR 1.

[605 B-F]

See the full content of this document

Extract

---

Mahabir Beopar Mandal Ltd VS. Forward Market Commission

PETITIONER: MAHABIR BEOPAR MANDAL LTD Vs.

RESPONDENT: FORWARD MARKET COMMISSION

DATE OF JUDGMENT13/01/1977

BENCH: RAY, A.N. (CJ)

BENCH: RAY, A.N. (CJ)

BEG, M. HAMEEDULLAH

CITATION:...

See the full content of this document

---