Section 4:
Functions of the Commission.
The functions of the Commission shall be--
(a) to advise the Central Government in respect of the recognition of, or the withdrawal of
recognition from, any association or in respect of any other matter arising out of the administration of
this Act;
1[(b) 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 this Act;]
(c) to collect and whenever the Commission thinks it necessary publish information regarding the
trading conditions in respect of goods to which any of the provisions of this Act is made applicable,
including information regarding supply, demand and prices, and to submit to the Central Government
periodical reports on the operation of this Act and on the working of forward markets relating to such
goods;
(d) to make recommendations generally with a view to improving the organisation and working
of forward markets;
(e) to undertake the inspection of the accounts and other documents of 2[any recognised
association or registered association or any member of such association] whenever it considers it
necessary; and
(f) to perform such other duties and exercise such other powers as may be assigned to the
Commission by or under this Act, or as may be prescribed.
Notes:
1. Subs. by s. 5, ibid., for clause (b) (w.e.f. 28-12-1960).
2. Subs. by s. 5, ibid., for "any recognised association" (w.e.f. 28-12-1960).