• 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 :
  • The transferor would be required to apply for transfer along with the documents and payments mentioned in circular no. MCX/MEM/036/2007 dated January 29, 2007, formats for which are given below under the head “Stage 2 Documents”.
  • 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.

PDF Format

PDF Format