An offence is committed under section 175, 178 and 179 of the Indian Penal Code, 1860 related with Commodity Market. The Forward Market Commission of India conducted criminal trial in the matter and held the accused guil

Answer 6 - Jurisdiction of Forward Market Commission (FMC) No, the Forward Market Commission is not justified in its action. The Commission shall be deemed to be a civil court and when any offence described in section 175, 178 and 179 of Indian Penal Code, 1860 is committed in view of the commission, the commission may, after recording the facts constituting the offence, shall forward the case to a magistrate having jurisdiction to try the same and the Magistrate to whom such case is forwarded shall proceed to hear the complaint against the accused.