( 1 ) ACCORDING to the police the reports were received against the petitioner that he was carrying on speculation in silver which was prohibited under the Forward Contracts (Regulation) Act, 1952. In respect of the violations of the said Act, nine cases were lodged against him u/ss. 21 and 22 thereof. Five out of those resulted in discharge or aqcuittal. Four were cancelled by the police itself. 3 cases were instituted after the emergency was imposed. On 3. 3. 76, S. H. O. Kotwali submitted a report that the petitioner in spite of these prosecutions did not refrain from speculation in silver and other commodities and required to be watched. A history-sheet is required to be prepared so that proper surveillance be kept on him. He requested that his name be directed to be entered in Bundle "a" and in the Register No. 10 Part II. The S. P. agreed with this suggestion on 22. 3. 76. On 30. 3. 76 a report was lodged against him in the Kotwali showing that he continued to indulge in speculation. The report was sent to the Forward Transaction Commission, Bombay, and investigation is said to be pending in that case. He had been arrested on 2-2-76, for repeated violation of the s