Membership of the Exchange

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Govt. Certified Commodity Dealer

• The Board may classify the membership of the Exchange in different categories for different commodities permitted to be traded on the Exchange and provide for different rights and privileges for trading, clearing and settlement of contracts in any commodity or group of commodities, securities or instruments or derivatives thereon to the members of different categories. A person desirous of securing the membership of the Exchange may apply for any category of membership, subject to his fulfilling the membership criteria.
• The membership of the Exchange shall entitle a member of the Exchange to exercise such rights and privileges attached to such membership as he specifically applies for dealing on the Exchange, subject to the Bye-Laws, Rules and Regulations of the Exchange as applicable from time to time.
• The provisions of the Articles of Association and the Bye-Laws, Rules and Regulations applying to individuals shall apply mutatis mutandis to firms, banks, other financial institutions and bodies corporate who are registered as a member of the Exchange.
• A Member of the Exchange shall not assign, mortgage, pledge, hypothecate, or charge his right of membership or any rights or privileges attached thereto, and any such attempt shall not be effective as against the Exchange. The Board shall expel any Member of the Exchange who acts or attempts to act in violation of the provisions of this Rule.
• The membership rights of the Exchange are transferable subject to the terms and 
• conditions that may be prescribed by the Exchange in this regard from time to time and also subject to prior approval of the Exchange.
• There shall be different classes of membership of the Exchange along with associated rights and privileges which shall include Trading-cum-clearing members and other classes as may be defined by the Exchange from time to time.

Team Vskills

Trading

Advantages of NSEL