The National Commodity and Derivatives Exchange Limited (NCDEX) on June 28, 2024, notified regarding the extension of the timeline for restriction on the use of certain words by Trading Member/Authorized person in their name.
The following has been stated namely: -
• It is with reference to the Exchange circular no. NCDEX/MEMBERSHIP-019/2023 dated April 05, 2023, and Exchange vide circular no- NCDEX/MEMBERSHIP-017/2024 dated March 28, 2024, regarding restriction on the use of certain words by Trading Member/Authorized Person in their name as the name should reflect the registration held by the entity and should not in any way create an impression of performing a role for which the entity is not registered.
• It mentions that the timeframe for changing the name with ROC/ROF and updating it in Exchange records shall be further extended up to September 30, 2024.
[Circular no. - NCDEX/MEMBERSHIP-030/2024]
