Circular No: NCDEX/MEMBERSHIP-001/2012/024 Date: January 21, 2012
In terms of the Rules, Bye-laws and Regulations of the Exchange and as per the directives of Forward Markets Commission, the Members of the Exchange are required to obtain prior approval from the Commission in following cases for effecting these changes:
1. Change of Name
2. Change in Shareholding pattern leading to “Change in Control” of the Company/ Firm.
3. Change in Proprietor excluding cases of transfer within the Hindu Undivided Family (HUF)
4. Change in constitution of Member.
5. Surrender/transfer of membership
However, for all other changes in Shareholding/DPG pattern as listed in our circular no NCDEX/MEMBERSHIP-001/2010/217 dated August 23, 2010, prior approval only from the Exchange is required to be obtained by the Members. Members may also note that there is no change in the fee structure for change in shareholding pattern which is currently operative.
Attention is also drawn towards our circular no NCDEX/COMPLIANCE-001/2010/089 of April 01, 2010 which states the penalties that would apply in cases where members have not taken prior approval from the Exchange before undertaking changes in their shareholding /DPG etc.
For all other changes, where prior approval from Exchange is not required, the member shall continue to promptly notify the Exchange in writing about such changes.
Members of the Exchange are advised to take note of the above changes and ensure compliance thereof.
For and on behalf of
National Commodity & Derivatives Exchange Limited
M.K. Ananda Kumar
Chief Corporate Services
For further information / clarifications, please contact
1. Customer Service Group on phone: 022 6640 6608 -15, 011 2334 4795
2. Customer Service Group by e-mail to : askus@ncdex.com
