Penalty for owning or keeping place used for entering into forward contracts in goods.

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..... purpose of entering into or making or performing, whether wholly or in part, any forward contracts in contravention of any of the provisions of this Act and knowingly permits such place to be used for such purposes, or (b) without the permission of the Central Government, organises, or assists in organising, or becomes a member of, any association, other than a recognised association, for the purp .....

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..... ard contracts can be entered into or made or performed, whether wholly or in part, under this Act through him, or (e) not being a member of a recognised association or his agent authorised as such under the rules or bye-laws of such association; canvasses, advertises or touts in any manner, either for himself or on behalf of any other person, for any business connected with forward contracts in co .....

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..... chase of any goods specified in any notification under section 15, in any area specified in that notification,] 3 [shall, on conviction, be punishable- (i) for a first offence, with imprisonment which may extend to two years, or with a fine of not less than one thousand rupees, or with both; (ii) for a second or subsequent offence, with imprisonment which may extend to two years and also with fine .....

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