The following persons are eligible to become members:

(a) Individuals

(b) Sole proprietorships

(c) Partnership Firms Registered under Indian Partnership Act, 1932

(d) Limited Liability Partnership firm(LLP)registered under limited liability partnership Act,2008

(e) Companies, Corporations or institutions incorporated under Companies Act, 1956 and 2013 or under any central or state legislation and are permitted under their Memorandum of Association or applicable constitution document for engaging in
production / trading / consumption / broking in commodities / derivatives. The Applicants who are in the process of being
incorporated under Companies Act, 1956 or enactment as mentioned above or in the process of amending their Memorandum of
Association or their constitution document to include the activities mentioned above as permitted activities, may also apply.
However, their membership will be effective only upon completion of the aforesaid process to the satisfaction of NCDEX.

(f) Such other persons / entities as may be permitted by the relevant authority of NCDEX.


The applicant should comply the following requirement:

1) Minimum Age of Individual/proprietor/partner/directors should be 21 years

2) Minimum education qualification of Individual/proprietor/one of the partner/one of the director should be at least a graduate or having an equivalent qualification or adequate experience in commodities/financial markets

3) Two designated directors/partners should be at least HSC or equivalent qualification and should have minimum 2 years’ experience in commodities market.

4) All corporate members should have minimum paid up capital of Rs. 30 Lakhs.

TCMs shall be the Members admitted as such by the Exchange who shall be entitled to trade on Exchange on behalf of their constituents/clients and/or on their own account and shall also be entitle to clear and settle all such trade done by them.

Key Membership Criteria

Criteria	Particulars
Minimum Net-worth	Rs. 100.00 Lakh
Base Capital - Interest Free Cash Deposit	Rs. 25.00 Lakh
Base capital – Cash Equivalent (In the form of Cash/Bank Guarantee/Fixed Deposit/Government of India Securities)	Rs. 25.00 Lakh
Base Minimum Capital *(BMC)	Without Algo trading Facility	With Algo trading Facility
BMC - Interest free cash deposit	Rs.2.5 Lakh	Rs.12.5 Lakh
BMC - Cash Equivalent (In the form of Cash/Bank Guarantee/Fixed Deposit)	Rs.7.5 Lakh	Rs.37.5 Lakh
Interest Free Cash Deposit(IFSD)	Rs. 10 Lakh
Admission Fee (onetime, non-refundable) (With applicable Tax)	Rs. 5.00 Lakh
Annual Membership Fees (With applicable Tax)	Rs. 0.75 Lakh
SEBI Registration Fees	Rs. 0.50 Lakh
SEBI Annual Regulatory Fees	Rs. 0.50 Lakh

Membership Admission Forms and Documents

Notes:

     1. Members are permitted exposure on the Base Capital.
     2. Members will not be permitted exposure on the Base Minimum Capital and IFSD.
     3. Net worth is required to be computed as per L.C .Gupta method.
     4. All clearing members required to maintain a Minimum Liquid Networth of Rs 50 lakh at all points. Kindly refer to circular no.          NCDEX/RISK-014/2018/194 dated August 07, 2018.No exposure will be allowed on the same.

TM will have rights to trade on the Exchange platform on their own account as well as on account of clients registered with them but shall have no right to clear and settle such trades themselves. TMs will have to get affiliated with any one of PCM/STCM for clearing their trades/transaction.

Key Membership Criteria

Criteria	Particulars
Minimum Net-worth	For Non Corporate (Individuals/Partnership Firm/ LLP/HUF) Rs. 10 Lakh
	For Corporates - Rs.25 Lakh
Base Minimum Capital * (BMC)	Without Algo trading Facility	With Algo trading Facility
BMC - Interest free cash deposit	Rs.2.5 Lakh	Rs.12.5 Lakh
BMC - Cash Equivalent (In the form of Cash/Bank Guarantee/Fixed Deposit)	Rs.7.5 Lakh	Rs.37.5 Lakh
Interest Free Cash Deposit(IFSD)	Rs. 10 Lakh
Admission Fee (onetime, non-refundable) (With applicable Tax)	Rs 5.00 Lakh
Annual Membership Fees (With applicable Tax)	Rs. 0.20 Lakh
SEBI Registration Fees	Rs. 0.50 Lakh
SEBI Annual Regulatory Fees	NIL

Membership Admission Forms and Documents

Notes :

    1. Members will not be permitted exposure on the Base Minimum Capital and IFSD
    2. Net worth is required to be computed as per L.C. Gupta method.

STCM registered with the Exchange may, in addition to existing rights and responsibilities as TCM, shall be entitled to and liable to settle and clear the trades/transactions done by the Members affiliated with it viz. TCMs or TMs

Key Membership Criteria

Criteria	Particulars
Minimum Net-worth	Rs. 300.00 Lakh
Base capital - Interest Free Cash Deposit	Rs. 20.00 Lakh
Base capital - Cash Equivalent (In the form of Cash/Bank Guarantee/Fixed Deposit/Government of India Securities)	Rs. 50 Lakh
Base Minimum Capital * (BMC)	Without Algo trading Facility	With Algo trading Facility
BMC - Interest free cash deposit	Rs.6.25 Lakh	Rs.12.5 Lakh
BMC - Cash Equivalent (In the form of Cash/Bank Guarantee/Fixed Deposit)	Rs.18.75 Lakh	Rs.37.5 Lakh
Interest Free Cash Deposit(IFSD)	Rs. 10 Lakh
Admission Fee (onetime, non-refundable) (With applicable Tax)	Rs. 5.00 Lakh
Annual Membership Fees (With applicable Tax)	Rs. 1.00 Lakh
SEBI Registration Fees	Rs. 0.50 Lakh
SEBI Annual Regulatory Fees	Rs. 0.50 Lakh

Membership Admission Forms and Documents

Notes:

    1. Members are permitted exposure on the Base Capital.
    2. Members will not be permitted exposure on the Base Minimum Capital and IFSD Capital.
    3. Net worth is required to be computed as per L.C. Gupta method.
    4. All clearing members required to maintain a Minimum Liquid Networth of Rs 50 lakh at all points. Kindly refer to circular no.         NCDEX/RISK-014/2018/194 dated August 07, 2018.No exposure will be allowed on the same.
    5. In terms of circular number NCCL/MEMBERSHIP-005/2018 dated November 14, 2018, all Clearing Members are required to         maintain additional Cash Security Deposit of Rs.10 lakhs in cash for every Trading Member registered with them. Exposure         shall be given on such additional Cash Security Deposit

PCMs shall be the Members admitted as such by the Exchange who shall be entitled to clear and settle trades/transactions done by the other members of the Exchange viz. TCMs or TMs affiliated with them. PCMs are not allowed to trade on the Exchange platform.

Key Membership Criteria

Criteria	Particulars
Minimum Net-worth	Rs. 1000.00 Lakh
Base capital - Interest Free Cash Security Deposit	Rs. 25.00 Lakh
Base capital - Collateral Security Deposit in the form of Bank Guarantee/Fixed Deposit Receipt	Rs. 25.00 Lakh
Base Minimum Capital – Interest Free Cash Security Deposit	Not Applicable
Base Minimum Capital – (Collateral Security Deposit in the form of Bank Guarantee/Fixed Deposit Receipt)	Not Applicable
Admission Fee (onetime, non-refundable) (With applicable Tax)	Rs. 5.00 Lakh
Annual Membership Fees (With applicable Tax)	Rs. 1.00 Lakh
SEBI Registration Fees	Rs. 0.50 Lakh
SEBI Annual Regulatory Fees	Rs. 0.50 Lakh

Membership Admission Forms and Documents

Notes:

    1. Net worth is required to be computed as per L.C.Gupta method.
    2. All clearing members required to maintain a Minimum Liquid Networth of Rs 50 lakh at all points. Kindly refer to circular no.         NCDEX/RISK-014/2018/194 dated August 07, 2018.No exposure will be allowed on the same.
    3. In terms of circular number NCCL/MEMBERSHIP-005/2018 dated November 14, 2018, all Clearing Members are required to         maintain additional Cash Security Deposit of Rs.10 lakhs in cash for every Trading Member registered with them. Exposure         shall be given on such additional Cash Security Deposit

No person shall be admitted as a Member of the Exchange if such proposed member :

a) Is an individual who has not citizenship of India:

b) Is a body corporate who has committed any act which renders the entity liable to be wound up under the provisions of the law;

c) Is a body corporate who has had a provisional liquidator or receiver or official liquidator appointed to the person;

d) Has been adjudged bankrupt or a receiving order in bankruptcy has been made against the person or the person has been proved to be insolvent even though he has obtained his final discharge;

e) Has been convicted of an offence involving a fraud or dishonesty;

f) Has compounded with his creditors for less than full discharge of debts;

g) Has been at any time expelled or declared a defaulter by any other Commodity / Stock Exchange / Clearing Corporation;

h) Has been previously refused admission to membership unless the period of one year has elapsed since the date of rejection;

i) Incurs such disqualification under the provisions of the Forward Contracts (Regulation) Act, 1952 or Rules made thereunder as disentitles such person from seeking membership of a commodity exchange.

j) Exchange determines that it is not in public interest to admit him as Member of Exchange.