TCM is a person/corporate who is admitted by the exchange as a member, conferring upon them a right to trade and clear through the Clearing House of the Exchange, as a Trading-Cum-Clearing Member.

*”Lock in” Period shall commence from date of surrender request received from member or last login date whichever is later.

Entities- Following entities are eligible to apply for membership, subject to the regulatory norms and provisions-

1. Individuals (Proprietary firms)
2. Registered Partnership Firms
3. Association and their subsidiaries
4. Corporate Bodies
5. Banks and Financial Institutions, including their subsidiaries
6. HUFs/ Co-operative Bodies

Preference would be given to Stock Brokers, SEBI registered Sub-Brokers, Commodity Brokers, Traders, Producers, Consumers, Growers, Exporters and Processors

1. The minimum net worth for the purpose of eligibility is Rs.50 Lakh
2. Paid-up Capital: Initially minimum prescribed paid up capital for a Company is Rs. 30 lakhs.
3. 51% Share holding Pattern is compulsory for corporate members

A Trading Member is the one who has the right to execute transactions in the trading system of the exchange and the right to have contracts in his own name. The TM can also deal on behalf of clients (Registered Non Members) or enlist Sub Brokers who may in turn have their own set of clients. TM must settle all his transactions (and those of Sub Brokers and Registered Non Member) through Clearing Members (Trading cum Clearing Members or Institutional Clearing Members).

TM is a person/corporate who is admitted by the exchange as a member, conferring upon them a right to trade through Exchange, as a Trading Member.

Please read the terms & conditions, and guidelines carefully before filling-up the application form, please attach all the relevant documents.

1. Individuals (Proprietary firms)
2. Registered Partnership Firms
3. Association and their subsidiaries
4. Corporate Bodies
5. Banks and Financial Institutions, including their subsidiaries
6. HUFs/ Co-operative Bodies

Preference would be given to Stock Brokers, SEBI registered Sub-Brokers, Commodity Brokers, Traders, Producers, Consumers,Growers, Exporters and Processors

1. The minimum net worth for the purpose of eligibility is Rs.5 Lakh
2. Paid-up Capital: Initially minimum prescribed paid up capital for a Company is Rs. 2 lakhs.
3. 51% Share holding Pattern is compulsory for corporate members

NMCE invites applications for Institutional Clearing Membership (ICM) from persons who fulfill eligibility criteria contained herein. The ICM are entitled to clear trades executed by Trading Member(TM) and their sub-brokers/non-registered members.

The words “Member” and “Applicant” used hereinafter refer and apply to ICM.

The Applicants who are admitted, as Members shall adhere to the conditions, stipulations and guidelines communicated to them /notified from time to time by NMCE and / or Forward Markets Commission (FMC) and / or any other Indian regulatory / statutory authorities.

The ICM are entitled to clear trades executed by Trading Member(TM) and their sub-brokers/ non-registered members

*Refundable after 3 years on surrender of membership.

Entities- Following entities are eligible to apply for membership, subject to the regulatory norms and provisions-

1. Company and Institution (Commodity Exchanges, Stock Exchanges, Trade and Industry Associations, Co-operative Bodies and large Retail Network Stock and Commodity Brokers)

The minimum net worth for the purpose of eligibility is Rs. 25.00 Crores

Information will be posted soon