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Eligibility
Criteria for Membership |
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Entities :
Following entities are eligible to apply for membership
1)Individuals,
2)Registered firms,
3)Corporate bodies and
4)Companies as defined in the Companies Act 1956. |
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Net Worth:
Minimum prescribed net worth for an applicant is Rs. 50 lakh.
Net worth certificate should be computed for this purpose by
following a definition of net worth adopted by practising
Chartered Accountants for finalisation of accounts. Existing fund based asset , if any should be excluded for calculation of net worth.
In case, the company is a member of any Commodity Exchange(s), it should satisfy the combined minimum Net Worth requirements of all these Exchanges including NMCEIL. |
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Paid-up Capital:
Minimum prescribed paid up capital for a corporate is Rs. 30
lakh.
In case of a partnership firm combined capital of all the partners
should be at-least Rs.30 lakh. |
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Note :
Preference would be given to certified professionals like
CA/CFA/MBA's having adequate exposures in Commodity and or Stock
Broking activities. |
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