Rule 12 - Particulars to be included in annual reports - Forward Contracts (Regulation) Rules, 1954

[ 1 ]12.Particulars to be included in annual reports. The annual report of a recognized association shall, inter-alia, contain particulars relating to the following matters, namely;- a) a survey of the year giving an analysis of the movement of prices and mentioning special benefits, if any, conferred by the forward market on the trade, during the year; b) changes in rules and bye-laws, if any; c) changes in the composition of the governing body; d) sub-committees set up, changes in the composition of existing ones and the work done by the sub-committees; e) admissions, re-admissions, deaths or resignations of members and the total number of members and their distribution among the different classes and panels, if any, as at the end of the year; f) disciplinary action taken against members; g) arbitration of other disputes relating to quality (number, passing s and rejections); h) arbitration of disputes (nature, number and manner of disposal); i) defaults committed by members such as non-payment of differences, failure to tender and the like; j) forward and ready prices during the year; k) settlement rates, amounts of differences cleared, due date rates and tendering differences; l) rates of margin and amount of margin deposited from time to time; m) allowances payable by the seller in the event of mofussil delivery, fixed or altered during the year; n) volume of transactions and quantity delivered against forward contracts. ********** [1] Substituted by S. O. 12 dated 11.2.1956.