Regulatory Body . . .

Forward Markets Commission (FMC) headquartered at Mumbai is a regulatory authority which is overseen by the Ministry of Consumer Affairs and Public Distribution, Govt. of India. It is a statutory body set up in 1953 under the Forward Contracts (Regulation) Act, 1952.

The functions of the Forward Markets Commission are as follows

	To advise the Central Government in respect of the recognition or the withdrawal of recognition from any association or in respect of any other matter arising out of the administration of the Forward Contracts (Regulation) Act 1952.
	To keep forward markets under observation and to take such action in relation to them, as it may consider necessary, in exercise of the powers assigned to it by or under the Act.
	To collect and whenever the Commission thinks it necessary, to publish information regarding the trading conditions in respect of goods to which any of the provisions of the act is made applicable, including information regarding supply, demand and prices, and to submit to the Central Government, periodical reports on the working of forward markets relating to such goods
	To make recommendations generally with a view to improve the organization and working of the forward markets
	To undertake the inspection of the accounts and other documents of any recognized association or registered association or any member of such association whenever it considers necessary.

The address and other details are mentioned below.

Forward Markets Commission, Ministry of Consumer Affairs, Food and Public Distribution, (Department of Consumer Affairs), Government of India, "Everest", 3rd floor, 100, Marine Drive,
Mumbai - 400002.

Phone:     +91-22-22811262/22811429,
Fax:         +91-22-22812086
E-mail:      fmc@bom5.vsnl.nic.in,
Website:  www.fmc.gov.in