What are the functions of the Forward Markets Commission ?
FMC advises Central Government in respect of grant of recognition or withdrawal of recognition of any association. It keeps forward markets under observation and takes such action in relation to them as it may consider necessary, in exercise of powers assign to it. It collects and publishes information relating to trading conditions in respect of goods including information relating to demand, supply and prices and submit to the Government periodical reports on the operations of the Act and working of forward markets in commodities. It makes recommendations for improving the organization and working of forward markets. It undertakes inspection of books of accounts and other documents of recognized/registered associations.
