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COMMODITY QUOTES
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Membership Type & Eligibility Criteria

Membership Type:
  • Stock Broker / Trading Member (TM):

    A member with rights to trade on its own account as well as on account of its clients, but has no right to clear and settle such trades itself. All such members must be affiliated with any one of the Trading cum Clearing Member or Professional Clearing Member having clearing rights on the Exchange.

  • Self Clearing Member (SCM):

    A Member with rights to clear and settle transactions on its own account or on account of its clients only and not on account of any other Trading Members or their clients.

  • Trading cum Clearing Member (TCM):

    A member with a right to trade on its own account as well as on account of its clients. He can clear and settle the trades for self and for others Trading Members.

  • Professional Clearing Member (PCM):

    A member with a right only to clear and settle trades executed by other members of the Exchange.

Eligibility Criteria:

The followings are eligible to apply for membership subject to the regulatory norms and provisions of SCRA 1956 and its Rules, SEBI Act 1992 and its Rules & Regulation and as provided in the Rules, Regulations, Byelaws and Circulars of the Exchange:

  • Individuals
  • Partnership Firms registered under the Indian Partnership Act, 1932
  • Limited Liability Partnerships registered under the Limited Liability Partnership Act, 2008
  • Corporations, Companies or Institutions or subsidiaries of such Corporations, Companies or Institutions set up for providing financial services.
  • Such other person as may be permitted under securities Contracts (Regulation) Act, 1956 read with Rules framed there under.
INDIVIDUALS (SOLE PROPRIETOR):
Criteria Requirement
Age Minimum 21 years
Status Indian Citizen
Education Atleast passed 12th std. equivalent examination from an institution recognized by the government or as may be prescribed by Exchange from time to time.
Experience Should have a minimum of 2 years experience in derivative or commodities future market or its equivalent.
PARTNERSHIP FIRMS:
Criteria Requirement
Age Minimum age of partner(s) : 21 years
Status Registered Partnership firm under Indian Partnership Act, 1932
Designated Partners Education Atleast passed 12th std. equivalent examination from an institution recognized by the government or as may be prescribed by Exchange from time to time.
Designated Partners Identify at least two partners as designated partners who would be taking care of the day to day management of the partnership firm.
Designated Partners Experience Should have a minimum of 2 years experience in derivative or commodities future market or its equivalent.
Dominant Promoter Norms Identify partner’s sharing interest as per Exchange DPG norms.
CORPORATE:
Criteria Requirement
Age Minimum age of director (s) : 21 years
Status Corporate registered under The Companies Act 1956 and /or companies Act 2013
Designated Director Education Atleast passed 12th std. equivalent examination from an institution recognized by the government or as may be prescribed by Exchange from time to time.
Designated Director Identification of at least two directors as designated directors who would be managing the day to day trading operations.
Designated Director Experience Should have a minimum of 2 years experience in derivative or commodities future market or its equivalent.
Dominant Promoter Norms Identify dominant group as per Exchange DPG norms.
Paid-up Capital Minimum Rs. 30 Lakhs (Fully Paid-up)

Membership Department

Indian Commodity Exchange Limited (ICEX).

Reliable Tech Park, 403-A,B-Wing, 4th Floor, Thane-Belapur Road Airoli, Navi Mumbai – 400 708, India. Tel. No :+91-22-40381554 Fax No : +91-22-40381512

Indian Commodity Exchange Ltd | CIN : U67120GJ2008PLC099142 Corporate Office: Reliable Tech Park, 403-A, B-Wing, 4th Floor, Thane-Belapur Road, Airoli (E), Navi Mumbai – 400708, India. Tel.No:+91-22-40381500 | Fax No:+91–22-40381511 Registered office:1st Floor, Office-109, Nodh No.- 1158 to 63/65/9, Hat Faliyu, Mahidharpura, Surat, Gujarat-395003, India |Tel. No.: +91-261-2609960/3009960
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