The Multi-Commodity Exchange of India Limited (MCX) on March 02, 2026, issued a circular regarding revised Guidelines for Activation of Membership.
The following has been stated: -
•The Multi-Commodity Exchange of India Ltd has modified Business Rule 1.2(e) regarding activation timelines for newly admitted members.
•Members must complete activation within 6 months (without a late fee) from Exchange approval or SEBI registration, whichever is later.
•After 6 months, a late fee of ₹10,000 per month will apply, up to a maximum of 12 months; failing which membership may be cancelled.
•The revised provision is effective for memberships pending activation as of March 02, 2026, and those approved thereafter.
The detailed circular is given in the document below.
[Circular No.: MCX/MEM/105/2026]
