Circular No :- NMCE/2011-12/0099 Date: - 17-Jan-2012
To,
The Members,
In terms of the Bye-Laws, Rules and Regulations of the Exchange and as approved by the Forward Markets Commission (FMC) the members of the Exchange are hereby notified that, no fresh positions (including intra-day) will be allowed in respect of Guar Gum (GUG) and Guar Seed (GUT) January 20, 2012 expiry contracts from January 17, 2012 till the expiry of the contracts. Only squaring up of existing positions will be allowed.
The financial gains made by taking fresh position in violation of the above directives will not be payable to the violator but will instead be deposited in the Investor Protection Fund of the Exchange.
Additionally, penalties shall be applicable on the violations as per the directives of the Commission.
Members and their Clients are requested to kindly note the above.
For and on behalf of
National Multi-Commodity Exchange of India Limited
Dinesh Shukla
Vice President (Market Watch & Surveillance)
