The Forward Contracts (Regulation) Act, 1952
Section 14B. Grant or refusal of certificate of registration.
1[14B. Grant or refusal of certificate of registration.--On receipt of an application under section 14A, the Commission, after making such inquiry as it considers necessary in this behalf, may by order in writing grant a certificate of registration or refuse to grant it:
Provided that before refusing to grant such certificate, the association shall be given an opportunity of beng heard in the matter.]
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