Transfer of Membership

  • The transferor is required to make a request for no-objection letter for transferring his membership along with the documents given below under the head “Stage 1 Documents”.
  • The Exchange would process the request and issue a no-objection letter for transfer. The validity of this no-objection letter would be 3 months. If the transferor is not able to identify a transferee eligible for membership during the said three months, he would have to seek a fresh no-objection letter
  • On receipt of no-objection letter :
    1. The transferor would be required to apply for transfer along with the documents and payments mentioned in circular no. MCX/MEM/324/2016 dated September 29, 2016, formats for which are given below under the head “Stage 2 Documents”.
    2. Transferee would be required to undergo the process for admission of transferee as member, as given on this website under “Member Admission Process” and submit all admission related documents as given under the link “Admission Related Documents” and make the necessary payments as given under the link “Fee & Deposit Structure” (except admission fee).
  • Initial security deposit (after adjustment of pending dues, if any) of the transferor would be released by the exchange only after activation of the transferee.
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Request for seeking no-objection letter for transfer of membership
Shareholding / Sharing Pattern of Transferor and Transferee
Details of Director / Partner / Proprietor of Transferor and Transferee
 
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In Case of Change in Control  
In Case of No Change in Control  
Surrender of Leased Line/VSAT or Transfer of VSAT
Reference Circular: MCX/MEM/324/2016 dated September 29, 2016    

Note: Transferee would be required to undergo the process for admission of transferee as member, as given on this website under “Member Admission Process” and submit all admission related documents as given under the link “Admission Related Documents” and make the necessary payments as given under the link “Fee & Deposit Structure” (except admission fee).

Merger / De-merger / Amalgamation of Membership

Member desirous of Merger / De-merger / Amalgamation their Membership of the Exchange would be required to apply for the same and submit the below mentioned documents

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Checklist and Formats
 

Transfer of Business

Procedure and Documentation for Transfer of Business.

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Annexure 1 - Application for Transfer of Business
Annexure 2 - Information of New Bank Accounts
Annexure 3 - Format for furnishing details of Transfer of Client Position
Annexure 4 - Model Format of Consent to be obtained from AP for Change in their Appointment
Annexure 5 - To be submitted if Fixed Deposit Receipt(s) Bank Guarantee(s) are obtained from HDFC Bank Ltd.
Annexure 6 - VSAT Undertaking (Incoming Member)
Annexure 6A - Network Connectivity Undertaking-VSAT
Annexure 6B - Network Connectivity Undertaking-Leased Line
 

Note: GST will be applicable at rate of 18%

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Authorised Person

 

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