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| Introduction |
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MCX bye-laws prescribe that
all claims, differences or disputes between
the members or between a member and a client
in relation to trades, contracts and transactions
executed on exchange shall be resolved by
way of conciliation proceedings and in case
such conciliation proceedings do not result
in a settlement, arbitration as provided in
the bye-laws. Such arbitration is conducted
by Arbitrators selected from an arbitration
panel of the Exchange.
The bye-laws provide that the arbitral tribunal
shall make the arbitral award within three
months from the date of entering upon the
reference. The time to make the award may,
however be extended from time to time by the
Managing Director or relevant authority on
an application by either of the parties or
the arbitral tribunal as the case may be.
The Exchange shall on receipt of an arbitral
award against an exchange member follow such
procedure as may be provided in the relevant
Rules and Regulations of the Exchange in force,
from time to time, with respect to honouring
of the award |
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For Latest commodity futures prices, SMS “MCX
<space> <Commodity
Name>“ to 58888 |
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