ar 201213
DESCRIPTION
reportof forword market commissionTRANSCRIPT
GOVERNMENT OF INDIA
FORWARD MARKETS COMMISSION
MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION
DEPARTMENT OF CONSUMER AFFAIRS
ANNUAL REPORT 2012-13
EVEREST, 3RD FLOOR. 100, MARINE DRIVE, MUMBAI 400 002
Contents
Sr. No. Chapter Subject Page No.
1 Foreword 1
2 I About the Commission 2-4
3 II Initiatives of the Commission in 2012-13 and milestones 5-6
4 III Developments in Commodity Markets in 2012-13 7-9
5 IV Review of Commodity Markets in 2012-13 10-32
6 V Regulatory Reforms undertaken by the Commission in
2012-13
33-44
7 VI Actions taken against illegal Forward Trading 45-46
8 VII Important Court Cases and Legal Matters 47-49
9 VIII Developmental Activities 50-56
List of Annexure
Sr. No. Annexure Number
Details Page No.
1 I List of commodities notified under Section 15 of FCRA 57-58 2 II List of Exchanges 59 3 III Trading permissions granted for National Exchanges 60-64 4 IV Trading permissions granted for Commodity Specific
Regional Exchanges 65-66
5 V (A & B)
Partner Institutes for Awareness Programmes and Capacity Building Programmes
67
6 VI State wise distribution of Awareness Programmes 68 7 VII State wise distribution of Capacity Building Programmes 69 8 VIII State wise Installation of Price Ticker Boards 70 9 IX Details of overseas training and participation in
International Conferences 71
10 X Details of staff position in the Commission 72-73 11 XI Details of representation of SC/ST/OBC etc in the
Commission 74
1
Foreword
Commodity derivatives trading has witnessed fastest growth in last few years making it one of
the most rapidly growing markets in the financial sector. The year 2012-13 has witnessed many
developments in this market and Forward Markets Commission has continued to play its role in
market development, maintaining market integrity and protecting stakeholders’ interests. I take
this opportunity to present major developments in Commodity future markets in FY 2012-13 and
initiative taken by Forward markets Commission.
Commodity markets touch the lives of all citizens of the country, either as producers or as
consumers. Hence effective regulation of these markets assumes greater significance. To
establish effective and credible regulatory regime has been one of the top priorities of the
Commission. Bringing in more and more transparency in market operations and encouraging
more participation remained an important concern for the Commission in the financial year
2012-13 as well. To achieve these objectives various initiatives were undertaken by the
Commission which included constitution of Advisory Committee of experts to provide policy
inputs to the Commission. Investor Protection Fund has been operationalized in all National
Exchanges and a sum of ₹ 79 Crores has been transferred by the Commodity Exchanges to the
Fund by the end of financial year.
As a part of development activities of the Commission, Awareness programmes and Capacity
Building programmes were conducted in association with National exchanges, Agriculture
Universities, Cooperative management Institutes. Commission has held meetings with
stakeholders of base metals, bullion, edible oil, soya complex, chilies/turmeric and
rubber/cardamom/pepper to discuss the ways and means to increase the participation of
Hedgers in the commodity futures market.
Commission remains committed to its efforts to develop effective and efficient Commodity
Derivative markets in India.
Ramesh Abhishek
Chairman
2
CHAPTER I
ABOUT THE COMMISSION
Forward Markets Commission (FMC) headquartered at Mumbai, is a regulatory authority for commodity futures market in India. It is a statutory body set up under Forward Contracts (Regulation) Act 1952. The Commission functioned under the administrative control of the Ministry of Consumer Affairs, Food & Public Distribution, Department of Consumer Affairs, Government of India.
The Act provides that the Commission shall consist of not less than two but not exceeding four members appointed by the Central Government, out of them one being nominated by the Central Government to be the Chairman of the Commission. Currently the Commission comprises of two members among whom Shri. Ramesh Abhishek, IAS is the Chairman, and Dr. M. Mathisekaran, IES is a Member of the Commission.
Functions The functions of the Forward Markets Commission are as follows:
(a) To advise the Central Government in respect of the recognition or the withdrawal of recognition from any association or in respect of any other matter arising out of the administration of the Forward Contracts (Regulation) Act 1952;
(b) To keep forward markets under observation and to take such action in relation to them, as it may consider necessary, in exercise of the powers assigned to it by or under the Act;
(c) To collect and whenever the Commission thinks it necessary, to publish information regarding the trading conditions in respect of goods to which any of the provisions of the Act is made applicable, including information regarding supply, demand and prices, and to submit to the Central Government, periodical reports on the working of forward markets relating to such goods;
(d) To make recommendations generally with a view to improving the organization and working of forward markets;
(e) To undertake the inspection of the accounts and other documents of any recognized association or registered association or any member of such association whenever it considers it necessary.
3
Administration
The Commission has its headquarters at Mumbai and a Regional Office at Kolkata. Forward Markets Commission has ten divisions to carry out various tasks.
The group wise composition of sanctioned and working strength of the Commission is given at Annexure X .
The number of officers and staff belonging to SC, ST, ex- serviceman, OBC, and Physically handicapped category in the Commission is given at Annexure XI .
There are 4 visually handicapped persons and one orthopedically handicapped person in the Commission.
Chairman
Shri Ramesh Abhishek
Member
Dr. M. Mathisekaran
Economic Adviser
Smt. Nutan Raj
Economic Adviser
Smt. Usha Suresh
4
Budget
The Commission conducts its activities through plan and non-plan funds The Budget Estimates of the Commission for the last five years and actual expenditure incurred are given below:-
PLAN– BUDGET ESTIMATES FOR THE LAST FIVE YEARS.
Year
Budget grant (Revised)
(₹ Lakhs)
Actual Expenditure
(₹ Lakhs)
PLAN NON-PLAN PLAN NON-PLAN
2008-09 400 467 331.51 406.37
2009-10 805 537.30 719.31 512.71
2010-11 1053 601 922.45 474.68
2011-12 988 609 907.70 547.05
2012-13 808.88 611.90 802.03 565.61
Implementation of Official Language policy of the Government during FY 2012-2013:
In order to have effective implementation of various provisions of the Official Language Policy, Official Language Act 1963 and Official Language Rules 1976, there is a Hindi section in the Commission. Sincere efforts were made to comply with the above provisions. Officers and staff members were made aware to comply with the above provisions of the Act and Rules. Apart from the above Annual Programme, an Annual Action Plan of the Hindi section was also prepared which includes inter-alia publication of House magazine and updating of Technical Terminology of the Commission. Sincere efforts were made to achieve the target fixed in the Annual Programme issued from the Ministry of Home Affairs, Department of Official Language during the year under review.
Hundred percent compliance of section 3(3) of Official Language Act 1963/1967 was ensured. Rules 5 and 7 of Official Language Rules 1976/1987 were complied with and proper check points have been devised to monitor the progress of use of Hindi. Quarterly progress report of the Commission were prepared and regularly sent to the Ministry. During Hindi fortnight celebrations (3.9.2012 to 17.9.2012) various competitions were organized for the staff and they were motivated to do their day to day official work in Hindi. Proper representation of the Commission was ensured in various forums viz Hindi Advisory Committee and Town Official Language Implementation Committee etc.
5
CHAPTER II
Initiatives of the Commission in 2012-13
� Investor Protection Fund- Investor Protection Fund has been operationalized and all the Exchanges have transferred a total of ₹ 79.89 Cr. to this Fund. This has been a very significant contribution to protection of investors in this market which would increase their confidence and hence their participation in the market.
� Staggered Delivery Mechanism- To limit excessive speculation especially in the near month contracts and make the threat of delivery in the near month credible, the Commission approved the introduction of staggered delivery system. Under this system, the sellers can indicate their delivery intentions on any day during the last 15 days of the contract which is allocated to the buyers in a random manner. This system has already yielded good results in terms of reducing the excess speculation and price volatility in the near month and showing a more mature trading pattern in the concerned commodity contracts. This has also led to greater liquidity in the far month contracts.
� SMS and E-mail alerts to clients- To reduce the instances of unauthorized trade and empower the client with information, a system of sending e-mail alerts and sms to all the clients by close of business everyday regarding trades executed in their account has been put in place. A penalty of ₹ 500/- per client per trade is applicable on member for trades executed without SMS alert facility with effect from 1st April 2013.
� Guidelines for Algorithmic Trading- The Commission has also issued guidelines for Algorithmic (Algo) Trading at National Commodity Exchanges to protect the interests of investors in commodity market and to promote the orderly development and regulation of the commodity futures market.
� Base Minimum Capital Requirements-Commission prescribed Base Minimum Capital requirement for members of National Exchanges. No exposure is given by Exchanges on base minimum capital. These funds would be used only towards settlement of claims by the client, arbitration awards against the member, if any.
� More disclosures by National Exchanges-To ensure transparency in the trading practices, the exchanges now display members’ data, trading activity during life cycle of a contract, details of percentage of proprietary/client trading including details of HFT and algo trading on their websites.
� Formation of Advisory Committee-Government has constituted an Advisory Committee to deliberate on various issues of concern to the futures trading in various commodities. The first meeting of the Committee was held in Mumbai in October 2012. The Advisory Committee consists of various stakeholders of the market who are expected to give useful inputs in policy making and decision making process of the Commission and Government.
6
MILESTONES OF THE COMMISSION
1875 Bombay Cotton Trade Association
Between 1st and 2nd World war Rapid growth of futures markets
During 2nd World War Defence of India Act- Prohibited Futures trading in major Commodities owing to short supply.
1950s to mid 1960s Thriving Commodity futures markets
Mid 1960s to 1970s Banned Commodity Futures trading in most of the Commodities except two minor Commodities - Pepper and Turmeric.
1980s Revival of Futures trading in Potato, Castor Seed and Gur (Jaggery).
1992 Futures trading in Hessian permitted.
1999 Futures trading in various edible oilseeds complexes permitted.
2000 The National Agricultural Policy-recognized the positive role of forward and futures markets in price discovery and price risk management.
2001 Futures trading in Sugar permitted.
2003 Lifted prohibition on futures trading in all Commodities
Recognition to 3 National Commodity Electronic Exchanges MCX, NCDEX and NMCE.
2008 Commission issued guidelines on setting up of New National Multi Commodity Exchanges.
2009 Recognition to ICEX as 4th National Exchange
2010 Recognition to ACE as 5th National Exchange.
Notified “Iron Ore” under section 15 of the FCRA, 1952.
2012 Recognition to UCX as 6th National Exchange.
DEVELOPMENTS IN THE COMMODITY MARKETS IN 2012
I. Commodities and the Exchanges regulated under FCRA, 1952.
II. Major Group of Commodities traded during the year:
®
Base Metals
32.60, (19%)
Agricultural
commodities ₹ 21.56, (13%)
Energy
products
37.68, (22%)
Value in
major group of commodities traded during 2012
Bullion Base Metals
6 National Exchanges
Annexure II
7
CHAPTER III
DEVELOPMENTS IN THE COMMODITY MARKETS IN 2012
and the Exchanges regulated under FCRA, 1952.
Major Group of Commodities traded during the year:
78.63, (46%)
Base Metals ₹ 32.60, (19%)
Energy
products ₹
37.68, (22%)
Value in ₹ Lakh Crore and percentage share of the
major group of commodities traded during 2012
Base Metals Agricultural commodities Energy products
113 Commodities Being Regulated
under Section 15 of the FC (R), Act
1952
Annexure I
6 National Exchanges
Annexure II13 commodity specific Regional
Exchanges
Annexure II
DEVELOPMENTS IN THE COMMODITY MARKETS IN 2012 -13
and the Exchanges regulated under FCRA, 1952.
Bullion₹
78.63, (46%)
Lakh Crore and percentage share of the
major group of commodities traded during 2012-13
Energy products
8
The table below indicates the group-wise and Commodity-wise volume and value of trade in the Commodity market during the year.
Volume of Trading and Value of Trade during the year 2012-13 in Major Commodities
Volume of Trading – In lakh tonne/ Value - In ₹ Crore Sr. No Name of the Commodity 2012-13 Volume Value A Bullion
i Gold 0.12 3746697.03 ii Silver 7.16 4115981.63
Total for A 7.28 7862678.65 B Metals other than Bullion
i Aluminum 225.32 244432.17 ii Copper 346.49 1487822.25 iii Lead 541.81 637722.04 iv Nickel 48.13 445839.56 v Steel 13.16 4211.11 Vi Tin 0.0002 2.06 Vii Zinc 399.40 427739.82 viii Iron 168.45 12281.76
Total for B 1742.76 3260050.77 C Agricultural commodities
i Chana/Gram 389.36 165039.10 ii Wheat 37.50 5406.46 iii Maize 78.21 10938.34 iv Soy Oil 970.81 708315.97 v Mentha Oil 7.57 102399.93 vi Potato 59.54 5843.42 vii Chillies 19.92 11752.80 viii Jeera(Cumin seed) 45.45 65955.88 ix Cardamom 2.23 24139.38 x Pepper 8.80 34742.45 xi Rubber 5.62 9939.76 xii Other Agri 2773.10 1011226.92
Total for C 4398.11 2155700.42 D Energy 8361.92 3768408.97 E Other 0.01 1.28
Grand Total (A+B+C+D+E) 14510.08 17046840.09 Note: Natural Gas & Gasoline Volumes are not included in the Total Volume.
III. Share of major Commodity Exchanges to the total value of the Commodities traded during the year 2012
Out of 19 recognized exchanges, Multi Commodity Exchange (MCXCommodity and Derivatives Exchange (NCDEX), Mumbai, National Multi Commodities Exchange, (NMCE), Ahmedabad, ACE Derivatives and Commodity Exchange, Mumbai, Indian Commodity Exchange, Ltd., Mumbai, contributed 99.71% of the total value otraded during the year.
The total value of the Commodities traded at the Exchanges and the total value of the Commodities traded during the 201
NCDEX, Mumbai
₹1598425.87 (10%)
NMCE, Ahmedabad
₹176570.86 (1%)
Value in ₹ and the percentage of the Commodity Exchange to the
total value traded during 2012
MCX, Mumbai
ACE, Mumbai
9
Share of major Commodity Exchanges to the total value of the Commodities traded during the year 2012 -13.
recognized exchanges, Multi Commodity Exchange (MCXCommodity and Derivatives Exchange (NCDEX), Mumbai, National Multi Commodities Exchange, (NMCE), Ahmedabad, ACE Derivatives and Commodity Exchange, Mumbai, Indian Commodity Exchange, Ltd., Mumbai, contributed 99.71% of the total value o
The total value of the Commodities traded at the Exchanges and the total value of the Commodities traded during the 2012-13 is graphically presented below:
MCX, Mumbai
₹
NMCE, Ahmedabad
176570.86 (1%)
ACE, Mumbai ₹
172010.18 (1%)
ICEX, Mumbai
₹ 169897.14 (1%)
and the percentage of the Commodity Exchange to the
total value traded during 2012-13 (April-March 2013)
MCX, Mumbai NCDEX, Mumbai NMCE, Ahmedabad
ACE, Mumbai ICEX, Mumbai Others
Share of major Commodity Exchanges to the total value of the Commodities
recognized exchanges, Multi Commodity Exchange (MCX), Mumbai, National Commodity and Derivatives Exchange (NCDEX), Mumbai, National Multi Commodities Exchange, (NMCE), Ahmedabad, ACE Derivatives and Commodity Exchange, Mumbai, Indian Commodity Exchange, Ltd., Mumbai, contributed 99.71% of the total value of the commodities
The total value of the Commodities traded at the Exchanges and the total value of the
MCX, Mumbai
₹14881057.12
(87%)
Others ₹ 48878.92
(0.01%)
and the percentage of the Commodity Exchange to the
March 2013)
NMCE, Ahmedabad
REVIEW OF COMMODITY MARKETS IN 201
The details of major Commodities traded in the top 5 Commodity Exchanges which accounted for 99% of the total value of trade in 2012
I. MCX, MUMBAI
S. No Commodity
1 SILVER 2 GOLD 3 CRUDEOIL 4 COPPER 5 NATURAL GAS 6 LEAD 7 NICKEL 8 ZINC 9 ALUMINIUM
10 CPO 11 OTHER
TOTAL Note: Natural Gas (in mmbtu) & Gasoline
COPPER9.70%
NATURAL GAS4.52%
LEAD4.14%
NICKEL2.90%
ZINC2.80%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT MCX ,MUMBAI DURING APRIL 2012 TO MARCH 2013
SILVERCOPPERNICKELCPO
10
CHAPTER IV
REVIEW OF COMMODITY MARKETS IN 2012
The details of major Commodities traded in the top 5 Commodity Exchanges which accounted for 99% of the total value of trade in 2012-13 are given below:-
MCX, MUMBAI
2012-2013 MCX Vol-
LakhTonnes Value- ₹ Cr Share of Value to
7.11 4086933.38 0.12 3720129.35
8143.81 2981891.98 336.15 1443348.37
39190500000 672892.89 523.42 616192.21
46.66 432047.18 389.25 416834.42 211.71 229582.03 213.31 106409.66 142.70 174795.64
10014.23 14881057.12 Gasoline Volumes is not included in the Total Volume of the Exchange
25.00%CRUDEOIL20.04%
ZINC2.80%
ALUMINIUM1.54%
CPO0.72%
OTHER COMMODITIES
1.17%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT MCX ,MUMBAI DURING APRIL 2012 TO MARCH 2013
GOLD CRUDEOILNATURAL GAS LEADZINC ALUMINIUMOTHER COMMODITIES
2-13
The details of major Commodities traded in the top 5 Commodity Exchanges which
Share of Value to Total
27.46 25.00 20.04 9.70 4.52 4.14 2.90 2.80 1.54 0.72 1.17
100.00 not included in the Total Volume of the Exchange
SILVER27.46%
GOLD25.00%
OTHER COMMODITIES
1.17%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT MCX ,MUMBAI DURING APRIL 2012 TO MARCH 2013
CRUDEOIL
ALUMINIUM
11
1. Silver The ready price of Silver, which was quoted at ₹ 55950.00 per kg on 31.03.2012 declined to ₹ 52620.00 on 30.03.2013, showing a fall of 5.95%. In the futures section, the price which was quoted at ₹ 56790.00 per kg (May 2012 contract) on 31.03.2012 declined to ₹ 53072.00 per kg (May 2013 contract) on 30.03.2013 showing a fall of 6.55%. The total quantity traded in all contracts of silver was 7.11 Lakh tonnes valued at ₹ 4086933.38 Crore.
2. Gold The ready price of Gold, which was quoted at ₹ 28075.00 per 10 gm on 31.03.2012 rose to ₹ 29426.00 on 30.03.2013, showing a rise of 4.81%. In the futures section, the price which was quoted at ₹ 28030.00 per 10 gm (April 2012 contract) on 31.03.2012 rose to ₹ 29394.00 (April 2013 contract) per 10 gm on 30.03.2013 showing a rise of 4.87%. The total quantity traded in all contracts of Gold was 0.12 Lakh tonnes valued at ₹ 3720129.35 Crore.
500005250055000575006000062500650006750070000
Mar-12
Apr-12
Apr-12
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Nov-12
Nov-12
Dec-12
Dec-12
Jan-13
Jan-13
Feb-13
Feb-13
Mar-13
Mar-13
₹ per Kg
Spot & Futures prices of Silver at MCX
SPOT 5-May-12 5-Jul-12 5-Sep-12 5-Dec-12
5-Mar-13 4-May-13 5-Jul-13 5-Sep-13
27500
28500
29500
30500
31500
32500
33500
Mar-12
Apr-12
Apr-12
May-12
May-12
Jun-12
Jun-12
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Oct-12
Nov-12
Nov-12
Dec-12
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Jan-13
Jan-13
Feb-13
Feb-13
Mar-13
Mar-13
₹ per 10 Gm
Spot & Futures prices of Gold at MCX
SPOT 5-Apr-12 5-Jun-12 4-Aug-12 5-Oct-12 5-Dec-12
5-Feb-13 5-Apr-13 5-Jun-13 5-Aug-13 5-Oct-13
12
3. Crude Oil The ready price of Crude Oil, which was quoted at ₹ 5270.00 per Barrel on 31.03.2012 rose to ₹ 5288.00 on 30.03.2013, showing a rise of 0.34%. In the futures section, the price which was quoted at ₹ 5274.00 per Barrel (April 2012 contract) on 31.03.2012 rose to ₹ 5400.00 (April 2013 contract) per Barrel on 30.03.2013 showing a rise of 2.39%. The total quantity traded in Crude Oil was 8143.81 lakh tonnes valued at ₹ 2981891.98 Crore.
4. Copper The ready price of Copper, which was quoted at ₹ 431.40 per kg on 31.03.2012 declined to ₹ 407.95 on 30.03.2013, showing a fall of 5.44%. In the futures section, the price which was quoted at ₹ 431.65 per kg (April 2012 contract) on 31.03.2012 declined to ₹ 410.20 per kg (April 2013 contract) on 30.03.2013 showing a fall of 4.97%. The total quantity traded in Copper contracts was 336.15 lakh tonnes valued at ₹ 1443348.37 Crore.
4500
4750
5000
5250
5500
5750
Mar
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Apr
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Apr
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May
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May
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Jun-
12
Jun-
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Jul-1
2
Jul-1
2
Aug
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Sep
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Sep
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₹ p
er B
arre
l
Spot & Futures prices of Crude Oil at MCX
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13
405415425435445455465475
Mar
-12
Apr
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Apr
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May
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May
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Jun-
12
Jun-
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Jul-1
2
Jul-1
2
Aug
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Sep
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Sep
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Jan-
13
Jan-
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Feb
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Feb
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Mar
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Mar
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₹ p
er K
g
Spot & Futures prices of Copper at MCX
SPOT 30-Apr-12 29-Jun-12 31-Aug-12 30-Nov-12
28-Feb-13 30-Apr-13 28-Jun-13 30-Aug-13
13
5. Natural Gas The ready price of Natural Gas, which was quoted at ₹ 108.80 per mmBtu on 31.03.2012 rose to ₹ 218.90 on 30.03.2013, showing a rise of 101.19%.In the futures section, the price which was quoted at ₹ 110.20 per mmBtu (April 2012 contract) on 31.03.2012 rose to ₹ 221.90 per mmBtu (April 2013 contract) on 30.03.2013 showing a rise of 101.36%. The total quantity traded in Natural Gas contracts was 39190500000 mmBtu valued at ₹ 672892.89 Crore.
6. Lead The ready price of Lead, which was quoted at ₹ 103.35 per kg on 31.03.2012 rose to ₹ 113.90 on 30.03.2013, showing a rise of 10.21%. In the futures section, the price which was quoted at ₹ 104.90 per kg (April 2012 contract) on 31.03.2012 rose to ₹ 114.85 per kg (April 2013 contract) on 30.03.2013 showing a rise of 9.49%. The total quantity traded in Lead contracts was 523.42 lakh tonnes valued at ₹ 616192.21 Crore.
95120145170195220245
Mar
-12
Apr
-12
Apr
-12
May
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May
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Jun-
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Jun-
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Jul-1
2
Jul-1
2
Aug
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Aug
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Sep
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Sep
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Oct
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Nov
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Jan-
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Mar
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₹ p
er m
mB
tu
Spot & Futures prices of Natural Gas at MCX
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13Mar-13 Apr-13 May-13 Jun-13
100105110115120125130135
Mar
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Apr
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Apr
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May
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Jun-
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Jun-
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Jul-1
2
Jul-1
2
Aug
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Aug
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Sep
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Sep
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Oct
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Oct
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Nov
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Nov
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Dec
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Dec
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Jan-
13
Jan-
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Mar
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₹ p
er K
g
Spot & Futures prices of Lead at MCX
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13Mar-13 Apr-13 May-13 Jun-13 Jul-13
14
7. Nickel The ready price of Nickel, which was quoted at ₹ 891.50 per kg on 31.03.2012 rose to ₹ 899.50 on 30.03.2013, showing a rise of 0.90%. In the futures section, the price which was quoted at ₹ 917.40 per kg (April 2012 contract) on 31.03.2012 declined to ₹ 911.50 per kg (April 2013 contract) on 30.03.2013 showing a fall of 0.64%. The total quantity traded in Nickel contracts was 46.66 lakh tonnes valued at ₹ 432047.18 Crore
8. Zinc The ready price of Zinc, which was quoted at ₹ 102.45 per kg on 31.03.2012 declined to ₹ 101.70 on 30.03.2013, showing a fall of 0.73%. In the futures section, the price which was quoted at ₹ 102.85 per kg (April 2012 contract) on 31.03.2012 rose to ₹ 102.90 per kg (April 2013 contract) on 30.03.2013 showing a rise of 0.05%. The total quantity traded in Zinc contracts was 389.25 lakh tonnes valued at ₹ 416834.42 Crore
850875900925950975
1000
Mar
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Apr
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May
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Jul-1
2
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₹ p
er K
g
Spot & Futures prices of Nickel at MCX
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13Mar-13 Apr-13 May-13 Jun-13 Jul-13
97100102105107110112115117120
Mar
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₹ p
er K
g
Spot & Futures prices of Zinc at MCX
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13Mar-13 Apr-13 May-13 Jun-13 Jul-13
15
9. Aluminium The ready price of Aluminium, which was quoted at ₹ 107.35 per kg on 31.03.2012 declined to ₹ 102.30 on 30.03.2013, showing a fall of 4.70%. In the futures section, the price which was quoted at ₹ 108.35 per kg (April 2012 contract) on 31.03.2012 declined to ₹ 103.65 per kg (April 2013 contract) on 30.03.2013 showing a fall of 4.34%. The total quantity traded in Aluminium contracts was 211.71 lakh tonnes valued at ₹ 229582.03 Crore.
10. CPO The ready price of CPO, which was quoted at ₹ 597.60 per 10 kg on 31.03.2012 declined to ₹ 453.60 on 30.03.2013, showing a fall of 24.10%. In the futures section, the price which was quoted at ₹ 592.30 per 10 kg (March 2012 contract) on 31.03.2012 declined to ₹ 454.90 per 10 kg (March 2013 contract) on 30.03.2013 showing a fall of 23.20%. The total quantity traded in CPO contracts was 213.31 lakh tonnes valued at ₹ 106409.66 Crore.
100103105108110113115118120
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er K
g
Spot & Futures prices of Aluminium at MCX
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13Mar-13 Apr-13 May-13 Jun-13 Jul-13
375425475525575625675
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er 1
0 K
g
Spot & Futures prices of CPO at MCX
SPOT Mar-12 Apr-12 May-12 Jun-12 Jul-12Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13
II. NCDEX, MUMBAI
S. No Commodity
1 SOYA_OIL 2 SOYABEAN 3 RAPE_MUSTARD_SEED4 CHANA 5 CASTOR_SEED 6 JEERA 7 COTTONSEED_OILCAKE8 DHANIYA 9 KAPAS 10 TURMERIC 11 OTHER COMMODITIES
TOTAL Note : Natural Gas Volumes is not included in the Total Volume of the Exchange
CHANA9.98%
CASTOR_SEED5.87%
JEERA4.13%
COTTON_CAKE4.10%
DHANIYA3.31%
KAPAS2.30%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT
SOYA_OILCHANACOTTON_CAKETURMERIC
16
2012-2013 NCDEX
Volume- LakhTonnes Value-₹ Cr
765.84 557601.60 620.06 217991.11
RAPE_MUSTARD_SEED 447.08 180196.82 375.04 159492.63 243.53 93828.42 45.45 65955.89
COTTONSEED_OILCAKE 463.50 65460.34 98.92 52828.99 74.45 36775.61 62.06 33083.60
OTHER COMMODITIES 370.25 135210.84 3566.17 1598425.87
Note : Natural Gas Volumes is not included in the Total Volume of the Exchange
SOYABEAN13.64%RAPE_MUSTARD
SEED11.27%
TURMERIC2.07% OTHER COMMODITIES
8.46%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT NCDEX,MUMBAI DURING APRIL 2012 TO MARCH 2013
SOYABEAN RAPE_MUSTARD_SEEDCASTOR_SEED JEERADHANIYA KAPASOTHER COMMODITIES
Share of Value to Total 34.88 13.64 11.27 9.98 5.87 4.13 4.10 3.31 2.30 2.07 8.46
100.00
SOYA_OIL34.88%
SOYABEAN13.64%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT NCDEX,MUMBAI DURING APRIL 2012 TO MARCH 2013
RAPE_MUSTARD_SEEDJEERAKAPAS
17
1. Soy Oil The ready price of Soy Oil, which was quoted at ₹ 741.65 per 10 Kg on 31.03.2012 declined to ₹ 692.25 on 30.03.2013, showing a fall of 6.66 %. In the futures section, the price which was quoted at ₹ 751.40 per 10 kg (April 2012 contract) on 31.03.2012 declined to ₹ 688.10 per 10 Kg (April 2013 contract) on 30.03.2013 showing a fall of 8.42%. The total quantity traded in Soy Oil was 765.84 lakh tonnes valued at ₹ 557601.60 Crore
2. Soya Bean The ready price of Soya Bean, which was quoted at ₹ 2993.00 per 100 Kg on 31.03.2012 rose to ₹ 3725.00 on 30.03.2013, showing a rise of 24.46%. In the futures section, the price which was quoted at ₹ 3085.00 per 100 kg (April 2012 contract) on 30.03.2012 rose to ₹ 3641.00 per 100 Kg (April 2013 contract) on 30.03.2013 showing a rise of 18%. The total quantity traded in Soya Bean contracts was 620.06 lakh tonnes valued at ₹ 217991.11 Crore
625
675
725
775
825
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er 1
0 K
g
Spot & Futures Prices of Soy Oil at Ncdex
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13
2800310034003700400043004600
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ P
er 1
00 K
g
Spot & Futures Prices of Soy Bean at Ncdex
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13Apr-13 May-13 Jun-13 Jul-13
18
3. R/M Seed The ready price of R/M Seed, which was quoted at ₹ 3755.80 per 100 Kg on 31.03.2012 declined to ₹ 3438.50 on 30.03.2013, showing a fall of 8.45 %. In the futures section, the price which was quoted at ₹ 3857.00 per 100 kg (April 2012 contract) on 31.03.2012 declined to ₹ 3442.00 per 100 Kg (April 2013 contract) on 30.03.2013 showing a fall of 10.76 %. The total quantity traded in R/M Seed contracts was 447.08 lakh tonnes valued at ₹ 180196.82 Crore.
4. Chana The ready price of Chana, which was quoted at ₹ 3345.00 per 100 Kg on 31.03.2012 declined to ₹ 3302.50 on 30.03.2013, showing a fall of 1.27 %. In the futures section, the price which was quoted at ₹ 3534.00 per 100 kg (April 2012 contract) on 31.03.2012 declined to ₹ 3343.00 per 100 Kg (April 2013 contract) on 30.03.2013 showing a fall of 5.40%. The total quantity traded in all contracts of Chana was 375.04 Lakh tonnes valued at ₹ 159492.63 Crore.
3200345037003950420044504700
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ P
er 1
00 K
g
Spot & Futures Prices of R/M Seed at Ncdex
SPOT Apr-12 May-12 Jun-12 Jul-12Aug-12 Sep-12 Oct-12 Nov-12 Dec-12Jan-13 Apr-13 May-13 Jun-13 Jul-13
32003500380041004400470050005300
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ P
er 1
00 K
g
Spot & Futures Prices of Chana at Ncdex
SPOT Apr-12 May-12 Jun-12 Jul-12Aug-12 Sep-12 Oct-12 Nov-12 Dec-12Jan-13 Apr-13 May-13 Jun-13 Jul-13
19
5. Castor Seed The ready price of Castor Seed, which was quoted at ₹ 3400.00 per 100 Kg on 31.03.2012 rose to ₹ 3632.95 on 30.03.2013, showing a rise of 6.85 %. In the futures section, the price which was quoted at ₹ 3501.00 per 100 kg (April 2012 contract) on 31.03.2012 rose to ₹ 3530.00 per 100 Kg (April 2013 contract) on 30.03.2013 showing a rise of 0.83%. The total quantity traded in Castor Seed contracts was 243.53 lakh tonnes valued at ₹ 93828.42 Crore.
6. Jeera The ready price of Jeera, which was quoted at ₹ 12428.55 per 100 Kg on 31.03.2012 rose to ₹ 13342.85 on 30.03.2013, showing a rise of 7.36 %. In the futures section, the price which was quoted at ₹ 11980.00 per 100 kg (April 2012 contract) on 31.03.2012 rose to ₹ 13040.00 per 100 Kg on (April 2013 contract) 30.03.2013 showing a rise of 8.85%. The total quantity traded in all contracts of Jeera was 45.45 Lakh tonnes valued at ₹ 65955.89 Crore.
29503200345037003950420044504700
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ P
er 1
00 K
g
Spot & Futures Prices of Castor Seed at Ncdex
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13Mar-13 Apr-13 May-13 Jun-13 Jul-13
1050011500125001350014500155001650017500
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ P
er 1
00 K
g
Spot & Futures Prices of Jeera at Ncdex
SPOT Apr-12 May-12 Jun-12 Jul-12Aug-12 Sep-12 Oct-12 Nov-12 Dec-12Mar-13 Apr-13 May-13 Jun-13 Jul-13
20
7. Cotton Cake The ready price of Cotton Cake, which was quoted at ₹ 1302.00 per 100 Kg on 31.03.2012 rose to ₹ 1505.85 on 30.03.2013, showing a rise of 15.66 %. In the futures section, the price which was quoted at ₹ 1383.00 per 100 kg (April 2012 contract) on 31.03.2012 rose to ₹ 1523.00 per 100 Kg on (April 2013 contract) 30.03.2013 showing a rise of 10.12%. The total quantity traded in all contracts of Cotton Cake was 463.50 Lakh tonnes valued at ₹ 65460.34 Crore
. 8. Dhaniya The ready price of Dhaniya, which was quoted at ₹ 4125.00 per 100 Kg on 31.03.2012 rose to ₹ 6409.40 on 30.03.2013, showing a rise of 55.38%. In the futures section, the price which was quoted at ₹ 4214.00 per 100 kg (April 2012 contract) on 31.03.2012 rose to ₹ 6743.00 per 100 Kg on (April 2013 contract) 30.03.2013 showing a rise of 60.01 %. The total quantity traded in all contracts of Dhaniya was 98.92 Lakh tonnes valued at ₹ 52828.99 Crore.
1100120013001400150016001700
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ P
er 1
00 K
g
Spot & Futures Prices of Cotton Cake at Ncdex
SPOT Apr-12 May-12 Jun-12 Jul-12Aug-12 Sep-12 Dec-12 Jan-13 Feb-13Mar-13 Apr-13 May-13 Jun-13 Jul-13
340044005400640074008400
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ P
er 1
00 K
g
Spot & Futures Prices of Dhaniya at Ncdex
SPOT Apr-12 May-12 Jun-12 Jul-12Aug-12 Sep-12 Oct-12 Nov-12 Dec-12Jan-13 Apr-13 May-13 Jun-13 Jul-13
21
9. Kapas The ready price of Kapas, which was quoted at ₹ 770.40 per 20 Kg on 31.03.2012 rose to ₹ 886.00 on 30.03.2013, showing a rise of 15.01 %. In the futures section, the price which was quoted at ₹ 843.50 per 20 kg (April 2012 contract) on 31.03.2012 rose to ₹ 953.50 per 20 Kg on (April 2013 contract) 30.03.2013 showing a rise of 13.04%. The total quantity traded in all contracts of Kapas was 74.45 Lakh tonnes valued at ₹ 36775.61 Crore
10. Turmeric The ready price of Turmeric, which was quoted at ₹ 3781.50 per 100 Kg on 31.03.2012 rose to ₹ 6414.00 on 30.03.2013, showing a rise of 69.62 %. In the futures section, the price which was quoted at ₹ 4148.00 per 100 kg (April 2012 contract) on 31.03.2012 rose to ₹ 6394.00 per 100 Kg on (April 2013 contract) 30.03.2013 showing a rise of 54.15%. The total quantity traded in all contracts of Turmeric was 62.06 Lakh tonnes valued at ₹ 33083.60 Crore
700
800
900
1000
1100
1200
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ P
er 2
0 K
g
Spot & Futures Prices of Kapas at Ncdex
SPOT Apr-12 Feb-13 Mar-13 Apr-13
2900340039004400490054005900640069007400
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ P
er 1
00 K
g
Spot & Futures Prices of Turmeric at Ncdex
SPOT Apr-12 May-12 Jun-12 Jul-12Aug-12 Sep-12 Oct-12 Nov-12 Dec-12
III. NMCE, Ahmedabad
S. No Commodity
1 COFFEE REP BULK
2 RAW JUTE
3 ALUMINIUM
4 NICKEL
5 SACKING
6 OTHERS
TOTAL
1. Coffee Rep Bulk The ready price of Coffee Rep Bulk31.03.2012 rose to ₹ 12352.00 on 30.03.2013, showing a rise of 11.39 %. In the futures section, the price which was quoted at to ₹ 12352.00 per 100 Kg on (total quantity traded in all contracts of 19425.91 Crore.
Others55%
PERCENTAGE SHARE TO THE TOTAL VALUE OF THE COMMODITIES TRADED AT NMCE.,AHMEDABAD
Coffee Rep Bulk
22
2012-2013 NMCE Volume -
LakhTonnes Value-₹ Cr Share of Value to Total
14.39 19425.91
68.18 18375.45
13.62 14850.14
1.48 13792.38
24.91 13677.73
125.89 96449.26
248.47 176570.86
Coffee Rep Bulk, which was quoted at ₹ 11088.00 per 100 Kg on 12352.00 on 30.03.2013, showing a rise of 11.39 %. In the futures section,
the price which was quoted at ₹ 11088.00 per 100 kg (March 2012 contract) on 31.03.2012 rose 0 Kg on (March 2013 contract) 30.03.2013 showing a rise of 11.39%.
total quantity traded in all contracts of Coffee Rep Bulk was 14.39 Lakh tonnes valued at
Coffee Rep Bulk11%
PERCENTAGE SHARE TO THE TOTAL VALUE OF THE COMMODITIES TRADED AT NMCE.,AHMEDABAD
DURING APRIL2012 TO MARCH 2013
Raw Jute Aluminium Nickel Sacking
Share of Value to Total
11.00
10.41
8.41
7.81
7.75
54.62
100
11088.00 per 100 Kg on 12352.00 on 30.03.2013, showing a rise of 11.39 %. In the futures section,
11088.00 per 100 kg (March 2012 contract) on 31.03.2012 rose 2013 contract) 30.03.2013 showing a rise of 11.39%. The
was 14.39 Lakh tonnes valued at ₹
Raw Jute10%
Aluminium8%
Nickel8%
Sacking8%
PERCENTAGE SHARE TO THE TOTAL VALUE OF THE
Sacking Others
23
2. Raw Jute The ready price of Raw Jute, which was quoted at ₹ 2539.07 per 100 Kg on 31.03.2012 rose to ₹ 3030.40 on 30.03.2013, showing a rise of 19.35 %. In the futures section, the price which was quoted at ₹ 2539.10 per 100 kg (March 2012 contract) on 31.03.2012 rose to ₹ 3030.40 per 100 Kg on (March 2013 contract) 30.03.2013 showing a rise of 19.35%. The total quantity traded in all contracts of Raw Jute was 68.18 Lakh tonnes valued at ₹ 18375.45 Crore
.
10000110001200013000140001500016000
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er 1
00 K
g
Spot and future prices of Coffee Rep Bulk at NMCE., Ahmedabad
Spot 31-Mar-12 31-May-12 31-Jul-12 29-Sep-12
30-Nov-12 31-Jan-13 30-Mar-13 31-May-13 31-Jul-13
2200
2400
2600
2800
3000
3200
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er 1
00 K
g
Spot and future prices of Raw Jute at NMCE., Ahmedabad
Spot 31-Mar-12 30-Apr-12 31-May-12 30-Jun-12
31-Jul-12 31-Aug-12 29-Sep-12 31-Oct-12 30-Nov-12
31-Dec-12 31-Jan-13 28-Feb-13 30-Mar-13 30-Apr-13
31-May-13 29-Jun-13 31-Jul-13
24
3. Aluminum The ready price of Aluminium, which was quoted at ₹ 107.30 per 1Kg on 31.03.2012 declined to ₹ 102.10 on 30.03.2013, showing a fall of 4.85 %. In the futures section, the price which was quoted at ₹ 107.30 per 1kg (March 2012 contract) on 31.03.2012 decline to ₹ 102.10 per 1Kg on (March 2013 contract) 30.03.2013 showing a fall of 4.85%. The total quantity traded in all contracts of Aluminum was 13.62 Lakh tonnes valued at ₹ 14850.14 Crore.
4. Nickel The ready price of Nickel, which was quoted at ₹ 889.40 per 1Kg on 31.03.2012 rose to ₹ 902.50 on 30.03.2013, showing a rise of 1.47 %. In the futures section, the price which was quoted at ₹ 889.40 per 1kg (March 2012 contract) on 31.03.2012 rose to ₹ 902.50 per 1Kg on (March 2013 contract) 30.03.2013 showing a fall of 1.47%. The total quantity traded in all contracts of Nickel was 1.48 Lakh tonnes valued at ₹ 13792.38 Crore
.
100.00
105.00
110.00
115.00
120.00
Ma
r-1
2
Ap
r-1
2
Ap
r-1
2
Ma
y-1
2
Ma
y-1
2
Jun
-12
Jun
-12
Jul-
12
Jul-
12
Au
g-1
2
Au
g-1
2
Se
p-1
2
Se
p-1
2
Oct
-12
Oct
-12
No
v-1
2
No
v-1
2
De
c-1
2
De
c-1
2
Jan
-13
Jan
-13
Fe
b-1
3
Fe
b-1
3
Ma
r-1
3
Ma
r-1
3
₹ P
er 1
Kg
Spot and future prices of Aluminium at NMCE., Ahmedabad.
Spot 31-Mar-12 30-Apr-12 31-May-12 30-Jun-12 31-Jul-12
31-Aug-12 29-Sep-12 31-Oct-12 30-Nov-12 31-Dec-12 31-Jan-13
28-Feb-13 30-Mar-13 30-Apr-13 31-May-13 29-Jun-13
850
900
950
1000
1050
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er 1
Kg
Spot and future prices of Nickel at NMCE., Ahmedabad.
Spot 31-Mar-12 30-Apr-12 31-May-12 30-Jun-1231-Jul-12 31-Aug-12 29-Sep-12 31-Oct-12 30-Nov-1231-Dec-12 31-Jan-13 28-Feb-13 30-Mar-13 30-Apr-1331-May-13 29-Jun-13
5. Sacking The ready price of Sackingrose to ₹ 3497.93 on 30.03.2013, showing a rise of 2.63 %. In the futures section, the price which was quoted at ₹ 3399.10 per 100 kg (April 2012 contract) on 31.03.2012 rose to 3513.00 per 100 Kg on (April 2013 contract) 30.03.2013 showing a rise of 3.35%. quantity traded in all contracts of
IV. ICEX., MUMBAI
3300
3500
3700
3900
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
₹ p
er 1
00 B
ags
Spot and future prices of Sacking at NMCE., Ahmedabad
Spot 13-Apr15-Sep-12 15-Oct15-Mar-13 15-Apr
COPPER16.02%
GOLD11.73%
IRON ORE7.23%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT ICEX, MUMBAI DURING APRIL 2012 TO MARCH 2013
CRUDEOIL
COPPER
OTHER COMMODITIES
25
Sacking, which was quoted at ₹ 3408.15 per 100 Kg on 31.03.2012 3497.93 on 30.03.2013, showing a rise of 2.63 %. In the futures section, the price
3399.10 per 100 kg (April 2012 contract) on 31.03.2012 rose to 3513.00 per 100 Kg on (April 2013 contract) 30.03.2013 showing a rise of 3.35%. quantity traded in all contracts of Sacking was 24.91 Lakh tonnes valued at
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Spot and future prices of Sacking at NMCE., Ahmedabad
Apr-12 15-May-12 15-Jun-12 14-JulOct-12 15-Nov-12 15-Dec-12 15-JanApr-13 15-May-13 15-Jun-13 15-Jul
CRUDEOIL24.55%
SILVER16.79%
OTHER COMMODITIES
5.35%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT ICEX, MUMBAI DURING APRIL 2012 TO MARCH 2013
NATURAL GAS SILVER
GOLD IRON ORE
OTHER COMMODITIES
3408.15 per 100 Kg on 31.03.2012 3497.93 on 30.03.2013, showing a rise of 2.63 %. In the futures section, the price
3399.10 per 100 kg (April 2012 contract) on 31.03.2012 rose to ₹ 3513.00 per 100 Kg on (April 2013 contract) 30.03.2013 showing a rise of 3.35%. The total
was 24.91 Lakh tonnes valued at ₹ 13677.73 Crore.
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
Spot and future prices of Sacking at NMCE., Ahmedabad
Jul-12 14-Aug-12Jan-13 15-Feb-13Jul-13
CRUDEOIL24.55%
NATURAL GAS18.34%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED
26
ICEX 2012-2013
S. No Commodity Volume - Lakh Tonnes Value-₹ Cr Share of Value to Total
1 CRUDEOIL 112.22 41705.67 24.55 2 NATURAL GAS *1555308750 31155.14 18.34 3 SILVER 0.05 28518.63 16.79 4 COPPER 6.33 27210.31 16.02 5 GOLD 0.00067 19929.17 11.73 6 IRON ORE 168.44 12281.65 7.23
7 OTHER COMMODITIES
8.38 9096.59 5.35
Grand Total - (Except for Natural Gas VOT) 295.42 169897.14 100.00
* Note: Natural Gas Volume is not included in the Total Volume of the Exchange 1. Crude Oil The ready price of Crude Oil, which was quoted at ₹ 5265.54 per Barrel on 31.03.2012 rose to ₹ 5288.27 on 30.03.2013, showing a rise of 0.43 %. In the futures section, the price which was quoted at ₹ 5272.00 per Barrel (April 2012 contract) on 31.03.2012 rose to ₹ 5402.00 (April 2013 contract) per Barrel on 30.03.2013 showing a rise of 2.47%. The total quantity traded in Crude Oil was 112.22 lakh tonnes valued at ₹ 41705.67 Crore.
2. Natural Gas The ready price of Natural Gas, which was quoted at ₹ 108.45 per mmBtu on 31.03.2012 rose to ₹ 218.64 on 30.03.2013, showing a rise of 101.60 %. In the futures section, the price which was quoted at ₹ 110.10 per mmBtu (April 2012 contract) on 31.03.2012 rose to ₹ 221.70 per mmBtu (April 2013 contract) on 30.03.2013 showing a rise of 101.36 %. The total quantity traded in Natural Gas contracts was 1555308750 mmBtu valued at ₹ 31155.14 Crore.
4500
4750
5000
5250
5500
5750
Mar
-12
May
-12
Jun-
12
Jul-1
2
Aug
-12
Sep
-12
Oct
-12
Nov
-12
Dec
-12
Jan-
13
Feb
-13
Mar
-13
₹ p
er B
arre
l
Spot & Futures prices of Crude Oil at ICEX
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13Mar-13 Apr-13 May-13 Jun-13
27
3. Silver The ready price of Silver, which was quoted at ₹ 55784.05 per kg on 31.03.2012 declined to ₹ 52698.17 on 30.03.2013, showing a fall of 5.53%. In the futures section, the price which was quoted at ₹ 56785.00 per Kg (May 2012 contract) on 31.03.2012 declined to ₹ 53067.00 per kg (May 2013 contract) on 30.03.2013 showing a fall of 6.55%. The total quantity traded in all contracts of silver was 0.05 Lakh tonnes valued at ₹ 28518.63 Crore.
4. Copper The ready price of Copper, which was quoted at ₹ 431.39 per kg on 31.03.2012 declined to ₹ 407.39 on 30.03.2013, showing a fall of 5.56 %. In the futures section, the price which was quoted at ₹ 431.75 per kg (April 2012 contract) on 31.03.2012 declined to ₹ 410.60 per kg (April 2013 contract) on 30.03.2013 showing a fall of 4.90%. The total quantity traded in Copper contracts was 6.33 lakh tonnes valued at ₹ 27210.31 Crore.
75
100
125
150
175
200
225
250M
ar-1
2
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er m
mB
tu
Spot & Futures prices of NATURAL GAS at ICEX
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13Mar-13 Apr-13 May-13 Jun-13
50000525005500057500600006250065000
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er K
g
Spot & Futures prices of Silver at ICEX
SPOT 2-May-12 2-Jul-12 3-Sep-123-Dec-12 1-Mar-13 2-May-13
28
5. Gold The ready price of Gold, which was quoted at ₹ 27783.21 per 10 gm on 31.03.2012 rose to ₹ 29454.30 on 30.03.2013, showing a rise of 6.01 %. In the futures section, the price which was quoted at ₹ 28028.00 per 10 gm (April 2012 contract) on 31.03.2012 rose to ₹ 29395.00 (April 2013 contract) per 10 gm on 30.03.2013 showing a rise of 4.88%. The total quantity traded in all contracts of Gold was 0.00067 Lakh tonnes valued at ₹ 19929.17 Crore.
6. Iron Ore The ready price of Iron Ore, which was quoted at ₹ 7550.70 per MT on 31.03.2012 declined to ₹ 7467.65 on 30.03.2013, showing a fall of 1.10 %. In the futures section, the price which was quoted at ₹ 7300.00 per MT (April 2012 contract) on 31.03.2012 remained steady (April 2013 contract) on 31.03.2012. The total quantity traded in Iron Ore contracts was 168.44 lakh tonnes valued at ₹ 12281.65 Crore.
400
410
420
430
440
450
460
470M
ar-1
2
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er K
g
Spot & Futures prices of Copper at ICEX
SPOT 30-Apr-12 29-Jun-12 31-Aug-12
30-Nov-12 28-Feb-13 30-Apr-13 28-Jun-13
27000280002900030000310003200033000
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er 1
0 G
m
Spot & Futures prices of Gold at ICEX
SPOT 2-Apr-12 1-Jun-12 1-Aug-12 1-Oct-123-Dec-12 1-Feb-13 1-Apr-13 3-Jun-13
V. ACE, MUMBAI
S. No Commodity
1 REFSOYOIL 2 SOYBEAN 3 SOYMEAL 4 COTTON118 5 RBD 6 OTHER COMMODITIES
Grand Total LT/Rs. Cr.
450050005500600065007000750080008500
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
₹ p
er M
T
Spot & Futures prices of IRON ORE at ICEX
SPOT31-Jul-1230-Nov-1228-Mar-13
SOYBEAN13.29%
SOYMEAL4.86%
COTTON1182.16%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT ACE, MUMBAI DURING APRIL 2012 TO MARCH 2013
REFSOYOIL SOYBEAN
29
ACE 2012-2013
Commodity Volume- Lakh Tonnes Value-₹ Cr Share of Value
181.82 133889.20 63.63 22867.91 28.67 8363.67 3.67 3709.62 5.84 3024.54
OTHER COMMODITIES 0.41 155.25 Grand Total LT/Rs. Cr. 284.05 172010.18
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Spot & Futures prices of IRON ORE at ICEX
30-Apr-12 31-May-1231-Aug-12 28-Sep-1231-Dec-12 31-Jan-1330-Apr-13 31-May-13
RBD1.76% OTHER
COMMODITIES
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT ACE, MUMBAI DURING APRIL 2012 TO MARCH 2013
SOYBEAN SOYMEAL COTTON118 RBD OTHER COMMODITIES
Share of Value to Total 77.84 13.29 4.86 2.16 1.76 0.09
100.00
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
29-Jun-1231-Oct-1228-Feb-1328-Jun-13
REFSOYOIL77.84%
OTHER COMMODITIES
0.09%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT
OTHER COMMODITIES
30
1. Ref. Soya Oil The ready price of Ref Soy Oil, which was quoted at ₹ 742.85 per 10 kg on 31.03.2012 declined to ₹ 692.15 on 30.03.2013, showing a fall of 6.83%. In the futures section, the price which was quoted at ₹ 751.40 per 10 kg (April 2012 contract) on 31.03.2012 declined to ₹ 687.95 (April 2013 contract) per 10 kg on 30.03.2013 showing a fall of 8.44%. The total quantity traded in all contracts of Ref Soy Oil was 181.82 Lakh tonnes valued at ₹ 133889.20 Crore.
2. Soya Bean The ready price of Soy Bean, which was quoted at ₹ 2991.50 per 100 kg on 31.03.2012 rose to ₹ 3731.50 on 30.03.2013, showing a rise of 24.74 %. In the futures section, the price which was quoted at ₹ 3083.00 per 100kg (April 2012 contract) on 31.03.2012 rose to ₹ 3671.50 (April 2013 contract) per 100 kg on 30.03.2013 showing a rise of 19.09 %. The total quantity traded in Soya Bean contracts was 63.63 lakh tonnes valued at ₹ 22867.91 Crore.
625650675700725750775800825
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er 1
0 kg
Spot & Futures prices of Soy Oil at ACE
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13
275030003250350037504000425045004750
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er10
0 K
g
Spot & Futures prices of Soya Bean at ACE
Spot Apr-12 May-12 Jun-12 Jul-12 Aug-12
Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13
Apr-13 May-13 Jun-13 Jul-13
31
3. Soya Meal The ready price of Soya Meal, which was quoted at ₹ 23190.00 per MT on 31.03.2012 rose to ₹ 32650.00 on 30.03.2013, showing a rise of 40.79 %. In the futures section, the price which was quoted at ₹ 23403.00 per MT (April 2012 contract) on 31.03.2012 rose to ₹ 32830.00 (April 2013 contract) per MT on 30.03.2013 showing a rise of 40.28 %. The total quantity traded in Soya Meal contracts was 28.67 lakh tonnes valued at ₹ 8363.67 Crore.
4. Cotton The ready price of Cotton, which was quoted at ₹ 33950.00 per Candy on 24.09.2012 rose to ₹ 39150.00 on 30.03.2013, showing a rise of 15.32%. In the futures section, the price which was quoted at ₹ 33500.00 per Candy (November 2012 contract) on 24.09.2012 rose to ₹ 39975.00 (April 2013 contract) per Candy on 30.03.2013 showing a rise of 19.33%. The total quantity traded in Cotton contracts was 3.67 lakh tonnes valued at ₹ 3709.62 Crore.
22000
27000
32000
37000
42000
Mar
-12
Apr
-12
Apr
-12
May
-12
May
-12
Jun-
12
Jun-
12
Jul-1
2
Jul-1
2
Aug
-12
Aug
-12
Sep
-12
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er M
T
Spot & Futures prices of Soya Meal at ACE
Spot Apr-12 May-12 Jun-12 Jul-12 Aug-12Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13Apr-13 May-13 Jun-13 Jul-13
32000
34000
36000
38000
40000
42000
Sep
-12
Oct
-12
Oct
-12
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ P
er C
andy
Spot & Futures prices of Cotton at ACE
Spot Nov-12 Dec-12 Jan-13 Feb-13
Mar-13 Apr-13 May-13 Jun-13 Jul-13
32
5. RBD The ready price of RBD, which was quoted at ₹ 478.90 per 10 kg on 05.11.2012 rose to ₹ 505.60 on 30.03.2013, showing a rise of 5.58 %. In the futures section, the price which was quoted at ₹ 496.35 per 10kg (November 2012 contract) on 05.11.2012 rose to ₹ 507.55 (April 2013 contract) per 10 kg on 30.03.2013 showing a rise of 2.26 %. The total quantity traded in Guar Seed contracts was 5.84 lakh tonnes valued at ₹ 3024.54 Crore
460
480
500
520
540
Nov
-12
Nov
-12
Dec
-12
Dec
-12
Jan-
13
Jan-
13
Feb
-13
Feb
-13
Mar
-13
Mar
-13
₹ p
er 1
0 K
g
Spot & Futures prices of RBD at ACE
Spot Nov-12 Dec-12 Jan-13 Feb-13
Mar-13 Apr-13 May-13 Jun-13
33
CHAPTER V
REGULATORY REFORMS UNDERTAKEN BY THE COMMISSION
5.1 Grant of Recognition / Renewal of Recognition to the association / recognized exchanges and grant of registration / renewal of registration to the recognized exchanges.
a) The Ministry of Consumer Affairs, Food & Public Distribution, Government of India, vide
Notification dated 30th August, 2012, granted recognition to the Universal Commodity Exchange Ltd (UCX), Mahape, Navi Mumbai on a permanent basis in respect of forward contracts in all the commodities in which Section 15 is applicable and the commodities to which neither Section 17 nor Section 15 of the Forward Contracts (Regulation) Act, is applicable.
b) On recommendations of the Forward Markets Commission, the Government of India renewed the recognition of the following Associations / Exchanges:
Sr. No. Name of the Exchange Period of renewal of Recognition
and the Commodities permitted Date of issue of Notification
1 Rajdhani Oil & Oilseeds Exchange Ltd., Delhi
1st April, 2012 to 31st March,2013 (Rapeseed/Mustard seed)
30th April ,2012
2 Central India Commercial Exchange Ltd., Gwalior
1st April, 2012 to 31st March,2013 (Rapeseed/Mustard seed) 30th April ,2012
3 Bikaner Commodity Exchange Ltd., Bikaner
1st July,2012 to 30th June, 2014 (Gram Seed and Mustard Seed ) 26th June, 2012
4 National Board of Trade, Indore
1st July 2012 to 30th June, 2014 (Cottonseed cake, Guar gum, Guar seed, Wheat and Chana).
24th July 2012
5 First Commodity Exchange of India Ltd., Kochi
1st June, 2012 to 31st May, 2013 (Coconut oil and Copra)
24th September,2012
6 Chamber of Commerce, Hapur
1st March 2013 to 28th February, 2018(Rapeseed /Mustard Seed)
14th February 2013
7 National Board of Trade, Indore
1st March 2013 to 28th February, 2014 (Soybean Seed, Refined Soy Oil and Soy meal)
25th February 2013
8 Rajkot Commodity Exchange Ltd., Rajkot
1st April 2013 to 31st March 2018 (Castor seed)
25th February 2013
9 Surendranagar Cotton Oil & Oilseeds Association Ltd., Surendranagar
1.04.2013 to 31.03.2014 (Kapas)
14th March, 2013
34
c) Details of Grant/Renewal of Registration to the Recognized Exchanges. The Commission, in exercise of the powers conferred under Section 14(B) of the
Forward Contracts (Regulation) Act, 1952, extended the period of registration of the following Associations / Exchanges, analogous to the period of recognition of the exchange:
Sr. No.
Name of the Exchange
Grant of Registration and the Commodities permitted
Date of Issue of Registration
1 Universal Commodity Exchange Ltd (UCX), Mahape, Navi Mumbai
All the commodities in which Section 15 is applicable and the commodities to which neither Section 17 nor Section 15 of the Forward Contracts (Regulation) Act is applicable.
25th March, 2013
Sr. No.
Name of the Exchange
Period of renewal of Registration and the Commodities permitted
Date of Issue of Registration
1 Chamber of Commerce, Hapur
1st April, 2012 to 31st March, 2014 (Gur)
3rd April ,2012
2 Bikaner Commodity Exchange Ltd., Bikaner
1st April,2012 to 31st March, 2013 (Guar Seed)
22nd May ,2012
3 Rajdhani Oil & Oilseeds Exchange Ltd., Delhi
1st April, 2012 to 31st March,2013 (Rapeseed/Mustard seed)
24th May ,2012
4 Central India Commercial Exchange Ltd., Gwalior
1st April, 2012 to 31st March,2013 (Rapeseed/Mustard seed)
24th May ,2012
5 Bikaner Commodity Exchange Ltd., Bikaner
1st July 2012 to 30th June, 2014 (Gram Seed and Mustard Seed)
3rd August, 2012
6 National Board of Trade, Indore
1st July, 2012 to 30th June,2014 (Cottonseed cake, Guar gum, Guar seed, Wheat and Chana)
21st August ,2012
7 First Commodity Exchange of India Ltd., Kochi
1st June, 2012 to 31st May, 2013 (Coconut Oil and Copra)
28th September, 2012
8 National Board of Trade, Indore
1st March 2013 to 28th February, 2014 (Soybean Seed, Refined Soy Oil and Soy meal)
28th February 2013
9 Chamber of Commerce, Hapur
1st March, 2013 to 28th February, 2018(Rapeseed / Mustard Seed)
6th March, 2013
10 Rajkot Commodity Exchange Ltd., Rajkot
1st April 2013 to 31st March 2018 (Castor seed)
8th March 2013
11 Surendranagar Cotton Oil & Oilseeds Asso. Ltd., Surendranagar
1st April, 2013 to 31st March, 2014 (Kapas)
25th March, 2013
35
d) The Commission also recommended to the Ministry to renew the recognition of the following exchanges:
Sr. No. Name of the Exchange Commodities Period of Recognition
1 Vijai Beopar Chamber Ltd., Muzaffarnagar
Gur 1.04.2013 to 31.03.2018
2 Bikaner Commodity Exchange Ltd., Bikaner
Guar seed 1.04.2013 to 31.03.2015
3 The Central India Commercial Exchange Ltd., Gwalior
Rapeseed/Mustard seed
1.04.2013 to 31.03.2015
e) Grant of permission for futures trading in Commodities:
During the year, from 1st April 2012 to 31st March 2013, trading permission was granted to Multi Commodity Exchange of India (MCX), National Commodity Derivatives Exchange of India, Mumbai (NCDEX), National Multi Commodity Exchange of India Ahmedabad, (NMCE), ACE Commodity Exchange Ltd., Mumbai,(ACE), Indian Commodity Exchange Ltd., Mumbai (ICEX) as well as commodity specific Exchanges (Regional Exchanges). The Commodities vis-a-vis contracts permitted and the dates on which permission was issued are detailed in the Annexure-III and IV.
f) Approval to Amendment to Memorandum of Association (MoA) and Articles of
Association (AoA) of recognized exchanges:
Sr. No.
Name of the Exchange
Amendment to Articles of Association Date of grant of approval
1 National Multi-Commodity Exchange Ltd., (NMCE), Ahmedabad
Article 138 (i) of the Articles of Association of the Exchange, by duly replacing the word “Due date Rates Committee” in place of “Daily rate Committee”.
18.02.2013
2 Universal Commodity Exchange Ltd (UCX), Mahape, Navi Mumbai
Approved the Memorandum of Association and Articles of Association of UCX, Navi Mumbai
25.03.2013
3 Bikaner Commodity Exchange Ltd., Bikaner*
Approved the amendment pursuant to the provisions of section 17 and other applicable provisions of the Companies Act, 1956 for conversion of Bikaner Commodity Exchange Ltd (BCEL), Bikaner from Guarantee Company to Company Limited by Shares and for adoption of a new set of Memorandum of Association (MoA) and Articles of Association (AoA) of the Exchange.
12.11.2012
*Regional Commodity Exchange
36
g) Approval to Amendment to Bye-laws / Rules of recognized Exchanges:
i. National Exchanges:
Sr. No.
Name of the Exchange
Amendment to Bye -Laws (Clause No) Date of grant of approval
1 MCX, Mumbai 1) The Bye-laws No 15.3 relating to constitution of Panel of Arbitrators.
24.04.2012
2) The Bye-law No 15.4 A pertaining to arbitration by relevant authority.
24.04.2012
3) The amendments to Bye-law No 12 A pertaining to Investor Client Protection Fund.
24.07.2012
4) Amendments to the clause 10 of the Investor Protection Fund Trust Deed.
25.10.2012
2 NCDEX, Mumbai
1) The amendments to Bye-law No 9 of Part B pertaining to Investor Client Protection Fund.
03.08.2012
2) The amendment with respect to the object clause of the Investor Protection Fund Trust Deed.
01.11.2012
3 NMCE, Ahmedabad
1) The amendments to Bye-law No 14 pertaining to Investor (Client) Protection Fund.
29.10.2012
4 ICEX, Mumbai
1) The amendments to Bye-laws No 18 pertaining to Investor (Client) Protection Fund.
16.10.2012
2) The amendment for the insertion of Chapter 17 of the Bye-laws of Exchange regarding Regulatory Framework for Market Access through Authorized Persons.
05.12.2012
5 ACE 1) The amendment to the Bye-law 14.12.1 increasing period for filling an application for arbitration from the three months to six months.
24.07.2012
2) The amendments to Bye-laws No 12A pertaining to Investor (Client) Protection Fund.
13.09.2012
3) The amending Bye-laws 2.3.6 definition of ‘Authorized Person’ and addition of new Bye-law No 5 A incorporating the guidelines on regulatory framework for market access through Authorised Persons in the Exchange.
17.09.2012
4) The amendment with respect to the object clause of the Investor Protection Fund Trust Deed.
01.11.2012
5) Amendment to Rule 5.33.10 of the Rules of the Exchange with respect to the initial security deposit which will be refunded to the member only after 3 years from the date of issue of advertisement with respect to surrender of membership.
13.12.2012
6 UCX, Mumbai.
1) Approved the Bye-laws and Rules of the Exchange, under Section 11 of FCR, Act, 1952.
03.01.2013
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ii. Regional Exchanges:
Sr. No.
Name of the Exchange
Amendment to Bye -Laws Date of grant of approval
1 National Board of Trade Ltd., Indore
1) The amendments of Bye-laws 302 to 308 pertaining to the management of the Exchange.
03.05.2012
2) The amendment to insert a new clause 829 of the Bye-laws, pertaining to buying-in/selling out by the Exchange in respect of failure to tender or take delivery.
03.05.2012
3) Amendments to Bye-law No 157 & 817 (a) of the byelaws of the Exchange regarding empowering the Executive Committee to prescribe contract specifications and the procedure for sampling of the commodities in which forward trading is permitted with the approval of the Commission.
03.01.2013
4) Amendments to the Bye-law No 505 regarding contract specification for each commodity which shall be subject to such terms and conditions as may be specified by the Board or relevant authority with the approval of the Commission, from time to time.
08.03.2013
2 Central India Commercial Exchange Ltd, Gwalior
1) The amendment pursuant to the provisions of the Bye-laws No 327 (a) relating to ‘Ordinary Margin’ of the Exchange.
29.11.2012
5.2.1 Revision in the open position limits The Commission after examining the excess volatility observed in the prices of
Soyabean, Rape/Mustard seed, Chana and Refined Soya Oil contracts and also keeping in view the revised production data of the aforesaid commodities revised downward the open position limits on 4th April 2012 as under:
Commodity
Open Interest Limit (MT) Aggregate limits for all contracts traded on all
Exchanges
Near month limits for contracts traded on all
Exchanges Member* Client Member* Client
Soyabean 1,00,000 20,000 27,000 5,400 R/M Seed 75,000 15,000 21,000 4,200 Chana 75,000 15,000 15,000 3,000 Ref Soy Oil 85,000 17,000 20,000 4,000
NB: * A member’s open interest limit at aggregate level (all contracts) will be either the absolute number indicated above or 15% of the market wide open interest in the commodity, whichever is higher. In case of delivery (near) month, a member’s open interest limits will be either the absolute number indicated above or 15% of the near month market wide open interest in the commodity, whichever is higher.
The revised limits on open positions are for aggregate as well as near month, made applicable across all contracts and all exchanges.
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5.2.2 The Commission after reviewing the trends in the prices of Soyabean and Refined Soy Oil contracts and also considering the higher production estimates of Soyabean for the year 2012-13 revised the open position limits in the said contracts. The revised limits on open positions are effective from 10th October, 2012 and are applicable on exchange wise basis. The revised open interest limits for aggregate and near month futures contract of the aforesaid commodities are indicated in the table below:
Commodity
Open Interest Limit (MT)
Aggregate limits for all contracts Delivery (Near) month limits
Member* Client Member* Client
Soyabean 1,50,000 30,000 40,000 8,000
Ref Soy Oil 1,25,000 25,000 30,000 6,000
NB: * A member’s open interest limit at aggregate level (all contracts) will be either the absolute number indicated above or 15% of the market wide open interest in the commodity, whichever is higher. In case of delivery (near) month, a member’s open interest limits will be either the absolute number indicated above or 15% of the near month market wide open interest in the commodity, whichever is higher.
5.2.3 Increase in the minimum initial margin In order to curtail excessive leverage, the Commission directed the Exchanges to
impose a minimum initial margin of 10% of the value of the contract or VaR based margin whichever is higher, on seven essential commodities, namely Chana, Potato, Rape/Mustard seed, Soyabean and Soy oil contracts traded on the National Exchanges, with effect from 12th April 2012.
5.2.4 The Commission conveyed its “No Objection” to the National Board of Trade, Indore, for
conducting hybrid trading (online trading as well as open outcry) at the Exchange platform.
5.2.5 Guidelines issued by the Commission on the Equity Structure of the Nationwide
Multi Commodity exchanges after five years of operation
The Multi Commodity Exchange of India Ltd. (MCX), Mumbai has complied with Clause 3.3 read with Clause 6 of the Guidelines dated 29 July 2009 on the Equity Structure of the Nationwide Multi Commodity exchanges after five years of operation following the completion of its IPO and its listing on the Bombay Stock Exchange on 9th March 2012, vide its letter dated 20th March 2012. The shareholding of the promoter of MCX, i.e. the Financial Technologies (India) Ltd. (FTIL), in MCX has been reduced to 26%, from 31.18%, following the IPO.
5.2.6 The Commission conveyed its approval to the proposal of the National Commodity &
Derivatives Exchange Ltd. (NCDEX) for acquisition of 65% stake of the National Stock Exchange India ltd. in the National Commodity Clearing Limited (NCCL) on 13th December, 2012.
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5.2.7 ACE Derivatives & Commodity Exchange Ltd. had sought approval of the Commission
for advancing the timelines for reducing the stake by the Anchor Investor in the Exchange as per the provisions of in-principle approval and Guidelines dated 14th May, 2008.The period of lock in for the shareholding of the Anchor Investor to the extent of 40%, which is stipulated at three years from the date of recognition of the Exchange (August 2013) can be relaxed by the Commission up to one year in exceptional circumstances. The Commission on 8th March 2013 conveyed its approval for relaxation in lock in period of the Anchor Investor by six months and directed the Exchange to take steps to increase its authorized capital in view of the significant decline in Net worth to ₹42.06 cr as of December, 2012 and also ensure that it is compliant with other shareholding requirements as stipulated in the Guidelines dated 14th May, 2008.
5.3 Directives issued by the Commission
To protect the market integrity, the Commission also issued the following directives: Sr.No. Directives issued Date of issue
1. Reduction in penalty on delivery default by sellers The penalty on delivery default by seller in respect of Rape/mustard seed, Chana and Pepper in compulsory delivery contracts, has been reduced from 3% to 1.5% out of which 0.75% component of the penalty will be deposited in the Investment Protection Fund, 0.5% to the buyer who was entitled to receive delivery and 0.25% to the Exchange towards administrative expenses. The Buyers are not allowed to default. The Exchanges have been directed to put a mechanism in place so that the seller who has got requisite stocks in the accredited warehouse will not be allowed to default.
30.04.2012
2. Discontinuation of Early delivery system The Commission after reviewing the performance/ utilization of early delivery System in the light of the deliveries effected on the platforms of the Exchanges observed that the System is not widely used by the market participants except in Natural Rubber contract. The Commission, therefore, decided to discontinue the Early Delivery System with effect from June 2012 expiry in Pepper, Mentha Oil, Guar seed, Soyabean, Soy oil, Steel long contracts except Natural Rubber.
11.05.2012
3.
The Commission recommended to the Ministry for permitting the entities set up or promoted by the Central / State Governments (such as HAFED), which can act as aggregators of farmers with the objective of enabling the farmers to participate in the futures market and providing the benefits of hedging, to trade as clients on the Exchanges in which they have taken equity stake. However, in order to obviate any potentiality of the conflict of interest, such entities which would be permitted to trade as clients, would not be permitted any representation in the committees for various important functional areas such as Risk Management Committee, Membership
13.06.2012
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Sr.No. Directives issued Date of issue Committee, Disciplinary Committee etc. so as to enable the benefits of futures trading to reach farmers without compromising on the principles of demutualization.
4. The Commission conveyed in-principle approval to the proposal of MCX for conducting media campaign and awareness programme from interest amount of Investor Protection Fund.
10.12.2012
5 The proposal of NCDEX for recovery of arbitration costs and payment of award amounts to constituents in respect of Bhavishya Advisory and Comtrade (India) Pvt. Ltd. was approved by the Commission on 11th December 2012
11.12. 2012
6 The Commission conveyed in-principle approval to the proposal of NMCE and ICEX respectively for conducting media campaign and awareness programme from interest amount of Investor Protection Fund.
18.12.2012
7 The Commission reviewed the practice of seeking the prior approval for relaxation in the daily price band, beyond the maximum limit in the internationally referenceable contracts. In view of the consideration that a time lag in the communication of the approval for the relaxation can impact the participants adversely, the Commission in partial modification of the aforesaid directive, directed the Exchanges that they may relax the daily price band in steps of 3% beyond the maximum permitted limit, in the aforesaid contracts without seeking the prior approval of the Commission. However, the Exchanges are required to furnish the information regarding relaxation of daily price band to the officers of the Commission immediately by SMS and email with full details of trade activities.
31.01.2013
8 Penalty for executing trade without uploading Unique Client Code (UCC) details of the clients The Commission has sought explanation from MCX regarding violation of directives of the Commission on the issues relating to Unique Client Code. The Exchange has also been directed to furnish details of all such cases in which trades were allowed prior to uploading UCC details.
21.02.2013
9 The Commission has directed MCX, for relaxation of member level limits and client limits in order to enable full reimbursement of claims of all legitimate claimants of M/s. Bhavishya Advisory and Comtrade (India) Pvt. Ltd., in order to ensure that clients of the same member are not discriminated against due to the discretionary policies of the Exchange / IPF Trust.
21.02.2013
10 The Commission directed Multi Commodity Exchange of India Ltd. (MCX), and Indian Commodity Exchange Ltd. (ICEX) to remove certain provisions like securities, ready markets etc., from the main object clause of the Memorandum of Association of the Exchange and to submit the revised Memorandum of Association to the Commission for approval.
25.03.2013
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5.4 Staggered delivery:
To limit the excessive speculation especially in the near month contracts and make the threat of delivery in the near month credible, the Commission approved the introduction of staggered delivery system. Details of staggered delivery allowed to the National Exchanges are given below:
• The Commission on 3rd May 2012 approved Staggered delivery mechanism at NCDEX, Mumbai commencing from 5th of the delivery month in Barley, Castor seed, Chana, Red Chilli, Cottonseed oil cake, Coriander, Jeera, Maize,(Industrial), Sugar(M),Wheat, Potato, R/mustard seed, Turmeric, Pepper, Rubber, Steel long, Gold 100 grams and Polyvinyl chloride contracts.
• The Commission on 24th May 2012 approved staggered delivery mechanism at NCDEX, commencing from 5th of the delivery month in Soybean contracts
• The Commission, on 22nd June 2012, approved Staggered Delivery mechanism from July 2012 delivery onwards for potato contracts (Agra & Tarkeshwar) at MCX, Mumbai.
• The Commission on 30th January 2013 approved Staggered delivery mechanism at ACE commencing from 5th of the delivery month in Soybean contracts from March 2013 contract expiry onwards.
• The Commission on 25th March 2013 approved Staggered Delivery mechanism in July, August and September 2013 contracts in Cardamom at MCX, Mumbai.
5.5 Applicability of Near Month limit:
Applicability of Near Month limit as per the maturity of the futures contract in different exchanges is given below:
• The Commission on 3rd May, 2012 approved to start near month limit at NCDEX, from 1st of the contract expiry months in case of only Agri commodities. Subsequently on 12th June 2012 and on 9th July 2012, the Commission allowed near month limit in respect of Soybean and Refined Soy oil respectively.
• The Commission approved to start near month limit at ACE from 1st of the contract expiry months instead of existing 28 days in case of Sugar, R/mustard seed, Castor seed and Chana for the contracts expiring in July 2012 onwards on 8th June 2012 and in case of Soybean and Refined Soy oil for the contracts expiring from October 2012 onwards on 24th September 2012.
5.6 Extension of Exchange of Futures for Physicals (EFP) facility:
• The Commission on 29th August, 2012 approved EFP transactions at NCDEX in commodities, viz., Gold 1kg, Silver 30 kg, Chana, Wheat, Shankar Kapas and 797 Kapas for the deliveries upto December 2012
• The Commission, on 21st June 2012 approved extension of EFP transactions at MCX, Mumbai for cotton contracts for the deliveries upto December 2012.
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5.7 Contracts not allowed for launch:
● In order to curb the excessive volatility in the prices of Soya bean, the Commission on 2nd April, 2012 directed National Exchanges, viz., NCDEX and ACE not to launch Soya bean futures contract scheduled to be launched in the month of April 2012.
● The Commission on 10th April 2012 permitted the ACE Exchange to launch August, 2012 expiry of Soybean contract, however, the Exchange was directed not to launch September 2012 contract expiry in Soya bean, which was scheduled to be launched in May 2012.
● In order to curb the excessive volatility in the prices of Soybean, the Commission on 11th May 2012 directed National Board of Trade, Indore not to launch September 2012 delivery of Soybean futures contract scheduled in July 2012.
● In order to curb excessive speculation, the Commission on 7th August 2012 decided not to allow launch of Potato (Tarkeshwar) November 2012 delivery contract at MCX, Mumbai.
● In order to curb excessive volatility in the prices during the lean months, the Commission on 16th August 2012 directed all the National Exchanges not to allow launch of August 2013 in Soya Bean and Soya Meal contracts.
● The Commission on 21st December 2012 directed the Exchanges not to launch Pepper futures contract as the Commission was in the process of reviewing the quality standards of Pepper mentioned in the contract specification.
● The Commission had taken decision not to permit lean month contracts in any agricultural commodity. The decision was implemented while permitting contracts expiring in 2013.
● The Commission had permitted trading in Mini and Micro contracts with the objective of helping retail participants to hedge the price risk. However, it was observed by the Commission that there was Algo/High Frequency Trade (HFT) being done even in mini and micro futures contracts. In view of this, the Commission decided not to allow Algo/High Frequency Trade in mini and micro contracts with effect from 1st January 2013.
5.8 Extension of Last Traded Price (LTP) based spread contracts
The Commission, on 10th August 2012 approved Extension of LTP based spread contracts for Gold Mini, Gold guinea, Gold Petal, silver, silver Mini, Silver Micro and natural Gas upto 2012 Expiries and for LTP based Calendar spread trading facility to the market participants in Gold upto December 2013 and Crude Oil upto June 2013 contracts.
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5.9 Other Policy Issues:
• The Commission on 3rd July, 2012 approved the appointment of Shri Shreekant Javalgekar, as the Managing Director & CEO of MCX, Mumbai for a period of three years with effect from the date of his appointment, i.e. 1st July, 2012.
• On 12th November, 2012 the Commission granted its approval to MCX to conduct combined arbitration proceedings in the matter of Bhavishya and for RBG. In continuation, on 21st December, 2012 the Commission granted its approval to the proposal of MCX for one time approval for conducting combined arbitration proceedings in the matter of Bhavishya and for RBG , for the remaining claimants in the existing proceedings.
• On 7th December, 2012, the Commission furnished comments to the Ministry of Consumer Affairs, Food and Public Distribution, on the issue of Invoking Section 27 of the Forward Contracts (Regulation) Act, 1952 to exempt Power Exchanges dealing with NTSD contracts who are registered with CERC. The Commission has recommended that the power exchanges registered with CERC and seeking exemption under Section 27 of the Forward Contracts (Regulation) Act, 1952 may be granted such exemption in public interest. However, in view of the pending SLPs before the Apex Court, the Ministry may also get the issue of granting the aforesaid exemption legally examined in the light of the order of Bombay High Court that neither FMC nor CERC have sole and exclusive jurisdiction to regulate and control forward trading in electricity. The Commission has also suggested that in view of the revised stance communicated by the CERC to the Ministry of Power, the possibility of filing a joint consent petition before the Apex Court in the pending SLPs may be explored so that the issue is fully resolved in the interest of the consumers.
• The Commission, on 21st December, 2012 approved the holidays for the calendar year 2013 to be observed by the Nationwide Multi Commodity Exchanges and Regional Commodity Exchanges (RCEs). In addition, the National Exchanges have been permitted to observe one additional holiday on any day of local/regional importance and also the Regional Commodity Exchanges have been permitted to observe three additional holidays on any day of local/regional importance, provided the holidays are declared as public holidays under Negotiable Instruments Act, 1881 by the State Govt. (in which the Exchange is located) respectively.
• The Commission on 27th December, 2012 approved the re-appointment of Shri Jeyakumar A.S. as Executive Director of National Board of Trade (NBOT), Indore for a period of three years from 31st December, 2012 to 30th December, 2015.
• The Commission on 23rd January, 2013, approved the appointment of Mr. Praveen Pillai, as the Managing Director & CEO of Universal Commodity Exchange Limited (UCX), Navi Mumbai for a period of three years w.e.f. the date of his appointment i.e. 1st July, 2012.
• NCDEX had developed a system for electronic record keeping for commodities to strengthen the commodity delivery process for the benefit of market participants. This system is expected to act as an alternative to the existing depositories namely NSDL and CDSL and will hold and maintain the balance of the commodities deposited by the
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clients in electronic form. The Commission had conveyed its approval in December, 2010 for introduction of an electronic accounting system (COMTRACK) in Bullion and Base Metals to NCDEX. The Exchange had introduced the said system in Steel long contracts from August 2012 expiry. Since the system was well accepted by the market participants, the Exchange had made a proposal for extension of this facility to all the commodities traded at the Exchange. The Commission after detailed discussion on the issue conveyed its approval on 14th February, 2013 for extension of the system to all commodities traded in NCDEX as the same will help in lowering the costs and speedy processing of deposits and withdrawal of the commodities.
• In view of the Hon’ble Supreme Court order dated 23rd March, 2012 staying the operation of the order of the High Court of Gujarat, the Commission approved the proposal of the Exchange for re-appointment of Shri Anil Kumar Mishra as the MD & CEO of the NMCE, initially for a period of one year effective from 10th April, 2012 or until further orders of the Commission.
• The Reserve Bank of India had sought an assessment of the compliance of the financial market infrastructures in the Commodity market vis-à-vis the principles issued by IOSCO’s Committee on Payment & settlement systems, and also on the responsibilities of the market regulator vide its letter dated 18th September, 2012. The Commission on 14th February, 2013 conveyed that though there were no systemically important financial institutions in the Commodity markets such as a Trade repository, Central clearing parties, depositories etc., the assessment revealed that the Exchanges are following the best international practices in regard to clearing and settlement operations.
• The Commission also issued notices to the Chairman and Managing Director/ CEO of the National Multi Commodity Exchange of India Ltd (NMCE), Ahmedabad, ACE Derivatives and Commodity Exchange Limited (ACE DCE), Mumbai and Indian Commodity Exchange Limited (ICEX), Mumbai to appear before the Commission to explain the declining net worth of the Exchanges which is in violation of the guidelines issued by the Government in this regard.
5.10 Inspection of books of accounts of Exchanges and their members:
The Commission has been inspecting the books of accounts of the Members of National Commodity Exchanges, on a regular basis since 2006-07. During the F.Y. 2012-13, 378 new audits of members of the National Commodity Exchanges were assigned. Besides, audit of 1 National Exchange, 9 Regional Exchanges and 12 special audits were also assigned to the Auditors.
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CHAPTER VI
ACTIONS TAKEN AGAINST ILLEGAL FORWARD TRADING
(Rule 13 of the Forward Contracts (Regulation) Rules, 1954 states as under)
“The Commission shall communicate information in respect of the commission of any offence under the Act to the concerned police authorities and assist such authorities in scrutinizing documents referred to by them and in rendering such expert advice as may be required by them”.
In pursuance of the provisions of Rule 13 as cited above, the Commission keeps close surveillance on illegal activities in forward markets and communicates the intelligence received thereon, to the concerned police authorities for their verification and enforcement action. Under the Forward Contracts (Regulations) Act, 1952, powers to conduct search, seizure and prosecution in respect of the various offences committed under the Act, vest with the police authorities. The officers of the Enforcement Division of the Commission assist the police authorities, when requested, in organizing and conducting the raids. Furthermore, the Division also assists the police authorities in scrutinizing the documents seized by them in the course of their raids against persons conducting illegal forward trading. Comprehensive scrutiny report is prepared in the Division, on the basis of the evidence contained in the documents seized and is then sent to the police authorities for further necessary action. Apart from carrying out these tasks, the officers of the Enforcement Division also tender evidence in the different courts of law as “Expert” witness, as and when summoned.
Though the prohibition on futures trading under Section 17 of the Forward Contracts (Regulation) Act, 1952 has been revoked completely, the enforcement action would continue, as long as various other forms of illegal forward trading, like “Option” in goods, (which is totally prohibited under the Act), and “Dabba” trading are reportedly prevalent in various parts of the country.
The availability of regulated trading platform for futures trading in number of commodities has helped in reducing the need or incentive for illegal forward trading to a large extent.
A) During the year, the Commission initiated action against the following erring entities:
S. No. Name of the member/Exchanges Action Taken 1 Tax evasion by 10 Members of NMCE, Ahmedabad.
1) M/s Sincere Commodities and Derivatives Markets Ltd.
Under Rule 13 of the F.C.(R) Rules 1954, the list of 10 members forwarded to Income Tax department who have booked profit and loss in excess of ₹ 5 crores in trading activities
2) M/s Atulit Tieup Pvt. Ltd. 3) M/s Ramdoot management Pvt. Ltd. 4) M/s Konark Comdeal Pvt. Ltd.
46
S. No. Name of the member/Exchanges Action Taken 5) M/s Shiv Shakti Commodities on NMCE may be intended to
evade payment of Income Tax vide letter dated 21/02/2013. Referred the matter to NMCE, Ahmedabad to take necessary action for expulsion of these 10 Members from the membership of the Exchange vide letter dated 21/02/2013
6) M/s Sanjay S. Patel 7) M/s J. D. Sroff 8) M/s D. M. Finance 9) M/s Prachi Commodity 10) M/s Maruti Brokerage House Pvt. Ltd.
B) The raids conducted by the Police authorities during the year 2012-13:
Sr. No. Date of raid Place of Raid Police Authority
1 31/07/2012 M/s. Yogesh Brokers, below Maitree lodge, Ashoknagar
Madhya Pradesh Police, District Ashoknagar
2. 05/10/2012 Flat No. 01, Krishna Apartment, Mangalwar Peth, Kolhapur.
Juna Rajwada Police Station, Kolhapur, Maharashtra
3. 08/02/2013 M/s. Vardhman Jewellers, Dawood Baug Road, Ground Floor, Pearl Market, Opp. Kamraj Jewellers, Andheri (W), Mumbai.
E.O.W., Crime Branch Police, Mumbai, Maharashtra
C) Following Scrutiny reports giving findings about the entries appeared in documents &
Articles seized in the cases were dispatched to the concerned police authorities for further necessary action:
Sr. No. Name Address and Center Date of Dispatch
1. Against Firm of Bharatbhai Ramjibhai Patel Knowledge Entry No.112/09 Stn. Diary No.16 dt. 10.11.2009.P.S. Palanpur
07/05/2012
2. Against Ranchhodbhai Bhudarji Mali Janwajog Entry No.62/10 Stn. D. No.19/10 dt.20.10.10 P.S. Deesa City
23/07/2012
3. Against Bharatbhai Hathibhai Judal Crime No. 3032/2012 dt. 23.01.2012 P.S. Palanpur City
10/09/2012
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CHAPTER VII IMPORTANT COURT CASES AND LEGAL MATTERS AS ON 31 ST MRCH 2013
In its persistent efforts to strengthen the regulatory oversight of commodity derivative markets and its orderly development, the Commission has been facing legal challenges through Court
Cases. Following are the important cases dealt with by the Commission in the year 2012-13.
7.1 The SLP(C) No.10225-10227 of 2012 filed by the Commission vs. Neptune Overseas
Limited, SLP (C) No. 6246 of 2012, and SLP(C) No. 9753 of 2012 filed by National Multi Commodity Exchange of India Limited (NMCE) and SLP (C) No. 7497 of 2012 filed by
Shri Anil Kumar Mishra of NMCE, challenging the order dated 09-02-2012 passed by the
Hon’ble Gujarat High Court in the matter of LPA No. 1039 of 2011, were listed for
hearing, during the year. The interim order dated 22-03-2012, passed by the Hon’ble Supreme Court, staying the operation of the Gujarat High Court order dated 09-02-2012
continued. As a result, the order dated 23-07-2011 passed by the Commission got restored. No further orders were passed by the Hon’ble Supreme Court, in the matter, during the year.
7.2 The SLP(C) No.17300-17303 of 2011, filed by the Commission vs. Central Electricity
Regulatory Commission (CERC) , SLP(C) No 14990- 14991 of 2011 filed by Power
Exchange of India Limited (PXIL), and SLP(C) No. 15253-15256 of 2011 filed by CERC,
before the Hon’ble Supreme Court of India, challenging the judgment & order dated 07.02.2011 passed by the Hon’ble Bombay High Court in W.P. No. 1604 of 2009 filed by
the Forward Markets Commission (FMC) and W.P. No. 330 of 2010 filed by the Multi Commodity Exchange of India Ltd. (MCX), did not come up for hearing during the year.
7.3 The Special Civil Application No. 17502 of 2011 filed by Bharatbhai Shah vs. Forward Markets Commission, before the Hon’ble Gujarat High Court, against the observations
made by the FMC in its order dated 23rd July, 2011 has come up for hearing during the
year. Shri Bharatbhai Shah has also filed an Appeal from Order No. 142 of 2012 in the
similar matter before the Hon’ble Gujarat High Court, wherein National Multi Commodity Exchange Limited (NMCE) is a respondent. The Commission has requested the Hon’ble
High Court for tagging of these matters. 7.4 The Writ Petition (Civil) No. 2730 of 2012 filed by M/s. ACN Financial Services Limited &
another vs. Union of India and others, before the Hon’ble Delhi High Court at New Delhi, giving effect the delivery of Steel was heard on 11th Oct., 2012. The Hon’ble High Court
dismissed the aforesaid Petition as withdrawn
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7.5 The S.B. Civil Writ Petition No.10638 of 2012 filed by M/s. Maverick Commodities Brokers Private Limited vs. Union of India and others praying for setting aside the fine imposed by MCX for not uploading the Unique Client code (UCC), before the Hon’ble Rajasthan High court Jaipur Bench, was listed for hearing during the year. The Hon’ble High Court did not grant any interim relief to the Petitioners. The next date of hearing was yet to be notified.
7.6 The S.B. Civil Writ Petition No. 1681 of 2012 filed by M/s Hindustan Technsol Pvt. Ltd., against Union of India, FMC and others, challenging its order dated 31st January, 2012, before the Rajasthan High Court at Jodhpur, was heard on 18th April, 2012. The Hon’ble Court stayed the future operation of the Order dated 31st January, 2012 passed by the Commission with the rider that the respondent will be at the liberty to take all safety measures while permitting petitioner for undergoing its business. The Commission has filed a Special Appeal against the aforesaid stay order before the Division Bench of the Hon’ble Rajasthan High Court.
7.7 The S.B. Civil Writ Petition No. 1559 of 2012, 1560 of 2012 and 1732 of 2012 filed by
M/s Shresth Commodities and Financial Services Pvt. Ltd., Shri Subhash Jain and M/s. Vinod Commodities Pvt., Ltd., respectively, filed against Forward Markets Commission, challenging its order dated 20-01-2012, before the Rajasthan High Court at Jodhpur was heard on 29th May, 2012 and the Hon’ble High Court stayed the future operation of the Order dated 20th January, 2012 passed by the Commission. The Commission has filed the Special Appeals (Writ) before the Division Bench against the aforesaid order. The Hon’ble Division Bench on 15th December, 2012 passed the order and directed to list the Writ Petitions before the single bench for final disposal. The next date of hearing was yet to be notified.
7.8 The Civil Application in LPA No. 4920 / 2010 in WPC 2014 / 1996 and LPA 4927 / 2010
in WPC 490 / 1997 filed by Shri Suhas Anant Kulkarni vs. Spices and Oilseeds Exchange Limited, Sangli and others, before the Bombay High Court, against his removal as its Secretary, was heard on 18-03-2013. The Hon’ble High Court condoned the delay of filing the aforesaid LPAs. The next date of hearing was yet to be notified.
7.9 The Writ Petition (C) 19880 of 2011 filed by Shri A A Hannefa and K K Nizam in the
name of First Commodities Exchange of India Limited (FCEI), Kochi, before the Hon’ble Kerala High Court at Kochi, claiming that the FMC has no authority to interfere in the administrative and functional affairs of the Exchange and the Writ Appeal (C) No. 1289 of 2011 filed by them, before the Division Bench of Hon’ble Kerala High Court at Kochi, challenging the order on 25.8.2011 passed by the single bench in the matter, was heard during the year. Hoverer, the Hon’ble Division Bench did not grant any interim relief to the Appellants.
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7.10 The Writ Petition (Civil) No.7253 of 2013 filed by M/s. Sincere Commodities and
Derivatives Markets Limited vs. Union of India & others, before the Hon’ble Calcutta High Court, against its expulsion from the membership of National Multi Commodity Exchange Limited (NMCE) was listed for hearing on 12-03-2013. The Hon’ble High Court did not grant any interim relief to the Petitioner.
7.11 The Writ Petition (Civil) No.2173 of 2013 filed by Shri Nayaran Behera & 52 others vs.
Union of India & others, before the Hon’ble Orissa High Court, Cuttack, praying for refund of deposits collected from the petitioners by M/s. Magnum Fincorp Holdings Pvt. Ltd., through ‘Private Fund Management Agreement’ was listed for hearing on 19-03-2013. The Ld. ASG filed a memo of appearance on behalf of the Union of India and Forward Markets Commission and sought time for filing counter affidavit.
7.12 The Original Application No.16 of 2011 filed by Shri M. R. Pillai vs. Union of India and
others, before the Central Administrative Tribunal (CAT), Mumbai Bench, praying for correction in calculation of revision of pension after implementation of the 6th Central Pay Commission was heard by the Single Bench. It is now pending before the Division Bench of the Hon’ble Tribunal.
7.13 The Original Application No.389 of 2012 filed by Shri S. K. Parida vs. Forward Markets
Commission & another, before the Central Administrative Tribunal (CAT), Mumbai Bench, in connection with his application for the post of Assistant Director on deputation basis was heard by the Hon’ble Tribunal. However, no interim relief was granted.
7.14 The Original Application No.124 of 2013 filed by S K Parida and three others vs. Union
of India and others, before the Central Administrative Tribunal (CAT), Mumbai Bench, seeking the appointment to the post of Assistant Directors on deputation basis was heard on 28th February, 2013. The Hon’ble did not grant any interim relief to the applicants.
7.15 The Original Application No. 587 of 2012 filed by Shri V. C. Chaturvedi vs. Union of India
and others in respect of grading of his ACRs for the year 2001-02, 2002-03 and 2003-04 at Department of Atomic Energy and subsequent promotion by the DOPT was heard. The Commission has filed a Misc. Petition seeking deletion of its name from the list of respondents as there is a no prayer made against it.
Awareness programmes
8.1 During the year 2012-Exchanges, NABCONS, Mumbai and NIAM, Jaipur organifor the benefit of various stakeholders viz., farmers, members, traders, hedgers/potential hedgers, industry associations, students etc., acrinstitute for conducting awareness programmes are given
8.2 In 2012-13, the Commission conducted 872 awareness programmesprogrammes were for the benefit of farmers and the remaining 337 stakeholders. More than 10% of the programmes were organized in North Eastern States (94 out of 872). Annexure-VI.
8.3 Capacity Building Programmes:
Capacity Building Programmes are intensive programmes of 2 to 3 days’ duration. They are residential programmes aimed at building capacities of important stakeholders in the eco-system of commodity futures markets and to sensitize the policy makers about tutility of futures markets. These programmes are conducted for various categories of stakeholders like policy makers at the State and Central Government level, bankers, students and faculty members of agriculture universities, office bearers and memberscooperatives and marketing federations and KVK scientists etc. The Commission has large number of partnered Institutes and Agriculture Universities which conducts Capacity Building Programmes for and on behalf of the Commission. Details of Partnered Institutes for Capacity Building Programmes
8.4 In 2012-13, the Commission conducted 100 Capacity Building Programmes for various stakeholders besides three programmes for FMC officers totaling to 103. Out of these
50
CHAPTER VIII
DEVELOPMENTAL ACTIVITIES
-13, the Commission in association with the National Commodity Exchanges, NABCONS, Mumbai and NIAM, Jaipur organised awareness programmes for the benefit of various stakeholders viz., farmers, members, traders, hedgers/potential hedgers, industry associations, students etc., across the country. institute for conducting awareness programmes are given Annexure
he Commission conducted 872 awareness programmesprogrammes were for the benefit of farmers and the remaining 337 stakeholders. More than 10% of the programmes were organized in North Eastern States (94 out of 872). State wise details of Awareness programmes
Capacity Building Programmes: -
Capacity Building Programmes are intensive programmes of 2 to 3 days’ duration. They are residential programmes aimed at building capacities of important stakeholders in the
system of commodity futures markets and to sensitize the policy makers about tutility of futures markets. These programmes are conducted for various categories of stakeholders like policy makers at the State and Central Government level, bankers, students and faculty members of agriculture universities, office bearers and memberscooperatives and marketing federations and KVK scientists etc. The Commission has large number of partnered Institutes and Agriculture Universities which conducts Capacity Building Programmes for and on behalf of the Commission. Details of
for Capacity Building Programmes are given in
13, the Commission conducted 100 Capacity Building Programmes for various stakeholders besides three programmes for FMC officers totaling to 103. Out of these
association with the National Commodity ed awareness programmes
for the benefit of various stakeholders viz., farmers, members, traders, hedgers/potential oss the country. Details of partner
Annexure -V-A
he Commission conducted 872 awareness programmes. Out of which 535 programmes were for the benefit of farmers and the remaining 337 for other stakeholders. More than 10% of the programmes were organized in North Eastern
programmes are given
Capacity Building Programmes are intensive programmes of 2 to 3 days’ duration. They are residential programmes aimed at building capacities of important stakeholders in the
system of commodity futures markets and to sensitize the policy makers about the utility of futures markets. These programmes are conducted for various categories of stakeholders like policy makers at the State and Central Government level, bankers, students and faculty members of agriculture universities, office bearers and members of cooperatives and marketing federations and KVK scientists etc. The Commission has large number of partnered Institutes and Agriculture Universities which conducts Capacity Building Programmes for and on behalf of the Commission. Details of
are given in Annexure- V-B.
13, the Commission conducted 100 Capacity Building Programmes for various stakeholders besides three programmes for FMC officers totaling to 103. Out of these
100 programmes which were conducted for stakeholders, 83 programmes were conducted in General States and 17 programmes were conducted in NER. The Commission partnered with 20 Institutes and 8 Agriculture Universities for conducting capacity building programmes and covereInstitute wise details of the programmes organized are given in
8.5 Members Meeting:-
The Commission had organized 15 meetings during the year 2012Meeting for the Members of the National Exchanges were organized across the country. Commodity specific meetings for various commodities like Cotton Complex, Cardamom, Chillies etc, were also organized during the year. The details of the Meetings organized during 2012
Students and
faculty, 19
Others, 5
Police
officers, 1
Govt.
officers, 17
Capacity Building Programmes
NABCONS, 26
Others, 17
Universities, 14
Capacity Building Programmes
51
which were conducted for stakeholders, 83 programmes were conducted in General States and 17 programmes were conducted in NER. The Commission partnered with 20 Institutes and 8 Agriculture Universities for conducting capacity building programmes and covered 29 States in the country. The StateInstitute wise details of the programmes organized are given in Annexure
The Commission had organized 15 meetings during the year 2012Meeting for the Members of the National Exchanges were organized across the country. Commodity specific meetings for various commodities like – Base Metals, Guar Complex,
Complex, Cardamom, Chillies etc, were also organized during the year. The details of the Meetings organized during 2012-13 are given in the following table:
Co-
operatives, 43
Bankers, 15
Students and
Govt.
officers, 17
FMC Staff &
Officers, 3
Stakeholder wise number of
Capacity Building Programmes
Co-operatives
Bankers
Students and faculty
Others
Police officers
Govt. officers
FMC Staff & Officers
ICM, 13IICM, 3
TOPIC, 6
NIAM, 12
RICM, 5
BIRD, 4
NABCONS, 26
Others, 17
Universities, 14
Institute wise details of
Capacity Building Programmes
ICM
IICM
TOPIC
NIAM
RICM
BIRD
NABCONS
Others
which were conducted for stakeholders, 83 programmes were conducted in General States and 17 programmes were conducted in NER. The Commission partnered with 20 Institutes and 8 Agriculture Universities for conducting
d 29 States in the country. The State-wise and Annexure -VII.
The Commission had organized 15 meetings during the year 2012-13. The Members Meeting for the Members of the National Exchanges were organized across the country.
Base Metals, Guar Complex, Complex, Cardamom, Chillies etc, were also organized during the year. The details of
operatives
Students and faculty
Police officers
Govt. officers
FMC Staff & Officers
ICM
IICM
TOPIC
NIAM
RICM
BIRD
NABCONS
Others
52
Meetings/Seminars conducted during 2012-13
S. No. Particulars Date Venue
1 Regional Exchange Meet 9.5.2012 New Delhi
2 Advisory Committee Meet 16.10.2012 Mumbai
3 Stakeholders Meet - Base Metals 30.10.2012 Mumbai
4 Stakeholders Meet – Edible Oils 17.11.2012 New Delhi
5 Stakeholders Meet – Bullion 4.12.2012 Mumbai
6 Members Meet – (All India) 15.12.2012 New Delhi
7 Stakeholders Meet – Chilli and Turmeric 18.12.2012 Hyderabad
8 Stakeholders Meet – Soya 4.1.2013 Indore
9 Rubber, Pepper and Cardamom 21.1.2013 Kochi
10 Guar Complex 26.2.2013 Jodhpur
11 Members Meet 26.2.2013 Jodhpur
12 Cotton Complex Meet 4.3.2013 Ahmedabad
13 Members Meeting 4.3.2013 Ahmedabad
14 Pulses, Barley and Grains 5.3.2013 New Delhi
15 Members Meet 26.3.2013 Kolkata
8.6 Price Dissemination Project
The Forward Markets Commission has in association with the Commodity Exchanges, initiated a process of dissemination of futures and spot prices of agricultural commodities by installing Price Ticker Boards at various locations across the country. The FMC proposes to extend the project to Post Offices, Rural branches of Banks, Warehouses, Offices of Cooperatives, Panchayat Offices and other areas frequented by the farmers. The dissemination of price information is expected to help various hedger groups, especially farmers, in their pre-sowing and post harvest decision making process and hedging their price risks in the market. As on 31-03-2013, 1863 Price Ticker Boards have been installed at various locations spread across 28 States/UTs. During the year 2012-13, 433 GPRS based LED Price Ticker Boards were installed. During 2013-14 the Commission proposes to install 250 GPRS based Price Ticker Boards. (Details are at Annexure-VIII)
8.7 Participation in International Seminars and Conference:
The officers of the Commission participated in various international conferences and were also deputed for training/symposium organized by international organizations/training institutes. In all 7 foreign visits were undertaken by the officers of the Commission. The details of the same may be seen at Annexure-IX.
8.8 Participation in Exhibitions/Expos:
The Commission in association with the National Exchanges had participated in various Exhibitions/Expos. The details of the same are as follows:-
(i) 100th Indian Science Congress held at Kolkata from 3rd – 7th January, 2013.
(iii) AGROVISION 2013 organized at Nagpur from 24th – 27th January, 2013.
53
Glimpses of developmental activities of the Commission
1st Meeting of Advisory Committee on 16th
October, 2012 at Mumbai
Awareness Programme for market participants at Kochi on 30th
June, 2012
54
Stakeholders’ Meet for Edible Oils & Castor seed participants at New Delhi on 17th
November 2012
Stakeholders’ Meet for Gaur Sector participants at Jodhpur on 26th
February 2013
55
Stakeholders’ Meet for Rubber, Pepper & Cardamom at Kochi on 21st
January 2013
Capacity Building Programme at Bhuvaneshwar on 7-8th
February, 2013
56
Online trading demonstration being delivered at Capacity building programme in Meghalaya for Senior Officers of Banks
Capacity building programme in Odisha for Marketing Federations / Societies - Inauguration of the programme by Shri K. K. Gupta, CGM,NABARD, Bhubaneswar.
57
Annexure I
LIST OF COMMODITIES NOTIFIED UNDER SECTION 15 OF THE F.C. (R.) ACT 1952
Sl. No. Commodity Sr. No. Commodity I Food Grains and Pulses II Oilseeds and Oils
1 Arhar Chuni 29 Cotton seed 2 Bajra 30 Cottonseed Oil 3 Barley 31 Cottonseed Oilcake 4 Gram 32 CPO Refined 5 Gram Dal 33 Crude Palm Oil 6 Guar 34 Crude Palm Olive 7 Jowar 35 Groundnut 8 Kulthi 36 Groundnut Oil 9 Lakh (Khesari) 37 Groundnut Oilcake
10 Maize 38 Linseed 11 Masur 39 Linseed oil 12 Moth 40 Linseed Oilcake 13 Mung 41 Rapeseed Oil/Mustard Oil 14 Mung Chuni 42 Rapeseed Oilcake/ Mustard
seed Oilcake 15 Mung Dal 43 Rapeseed/Mustard seed 16 Peas 44 RBD Palmolein 17 Ragi 45 Rice Bran 18 Rice or Paddy 46 Rice Bran Oil 19 Small Millets (Kodan Kulti,
Kodra, Korra, Vargu, Sawan, Rala, Kakun, Samai, Vari & Banti)
47 Rice Bran Oilcake
20 Tur Dal (Arhar Dal) 48 Safflower 21 Tur(Arhar) 49 Safflower Oil 22 Urad (Mash) 50 Safflower Oilcake 23 Urad dal 51 Sesame (Til) 24 Wheat 52 Sesame Oil
II Oilseeds and Oils 53 Sesame Oilcake 25 Celery seed 54 Soy meal 26 Copra Oil/Coconut Oil 55 Soy Oil , 27 Copra Oilcake / Coconut
Oilcake 56 Soybean
28 Copra/ Coconut 57 Sunflower Oil
58 Sunflower Oil cake (VI) Others 59 Sunflower Seed 88 Camphor
III Spices 89 Castor seed 60 Aniseed 90 Chara or Berseem (including
chara seed or berseem seed) 61 Betel nuts 91 Crude Oil 62 Cardamom 92 Gram Husk (Gram Chilka) 63 Chillies 93 Gur
58
Sl. No. Commodity Sr. No. Commodity 64 Cinnamon 94 Khandsari Sugar 65 Cloves 95 Polymer 66 Coriander seed 96 Potato 67 Ginger 97 Rubber 68 Methi 98 Seedlac 69 Nutmegs 99 Shellac 70 Pepper 100 Sugar 71 Turmeric 101 Furnace Oil IV Metals 102 Ethanol 72 Copper 103 Cooking Coal 73 Zinc 104 Electricity 74 Lead 105 Natural Gas 75 Tin 106 Onion 76 Gold 107 Carbon Credit 77 Silver 108 Thermal coal 78 Silver Coins 109 Methanol (V) Fibres and
Manufactures 110 Melted Menthol Flakes
79 Art Silk Yarn 111 Mentha Oil 80 Cotton Cloth 112 Menthol Crystals 81 Cotton pods 113 Iron Ore 82 Cotton Yarn 83 Indian Cotton (Full
pressed, half pressed or loose)
84 Jute goods (Hessian and Sackings and cloth and /or bags, twines and/or yarns mfd. by any of the mills and/or any other manufacturers of whatever nature made from jute)
85 Kapas 86 Raw Jute Including Mesta
87 Staple Fiber Yarn
59
Annexure II
LIST OF THE EXCHANGES
S. No. Name of the Exchanges
A. National Multi Commodity Exchanges
1 National Multi Commodity Exchange of India Ltd., Ahmedabad (NMCE)
2 Multi Commodity Exchange of India Ltd., Mumbai (MCX)
3 National Commodity & Derivatives Exchange Ltd., Mumbai (NCDEX)
4 Indian Commodity Exchange Ltd., Mumbai (ICEX)
5 ACE Derivatives and Commodity Exchange, Mumbai
6 Universal Commodity Exchange Ltd., Navi Mumbai
B. Commodity Specific Regional Exchanges
7 Bikaner Commodity Exchange Ltd, Bikaner
8 Bombay Commodity Exchange Ltd, Mumbai
9 Central India Commercial Exchange Ltd, Gwalior
10 Cotton Association of India, Mumbai
11 The Chamber of Commerce, Hapur
12 First Commodity Exchange of India Ltd, Kochi
13 India Pepper & Spice Trade Association, Kochi
14 National Board of Trade, Indore
15 Rajkot Commodity Exchange Ltd., Rajkot
16 Spices & Oilseeds Exchange Ltd, Sangli
17 Surendranagar Cotton Oil & Oilseeds Association Ltd, Surendranagar
18 The Rajdhani Oil & Oilseeds Exchange Ltd, Delhi
19 Vijai Beopar Chamber Ltd., Muzaffarnagar
60
Annexure-III
NATIONAL EXCHANGE-WISE DETAILS OF COMMODITIES AND CONTRACTS PERMITTED DURING 2012- 13
1. Multi-Commodity Exchange of India Ltd., (MCX) Mumbai Sr. No.
Commodity Contracts permitted Date of permission
Delivery option
1 Coriander July 2012 to December 2012 27/4/ 2012
Compulsory 2 Cotton Aug’ 2012, Oct’ to Dec’ 2012 Compulsory 3 Wheat July 2012 to December 2012 Compulsory 4 Copper Feb’ 2013,April 2013,June 2013
30/5/ 2012
Both Option 5 Copper mini
6 Crude oil January to June 2013 Both Option
7 Gold Feb, April, June, Aug, Oct’, Dec’ 2013
Compulsory
8 Kapas March & April 2013 Seller’s Option 9 Silver March, May, July, Sept’, Dec 2013 Compulsory 10 Silver Mini Feb’, April, June, Aug’, Nov 2013 Both Option 11 Silver Micro Feb’, April, June, August 2013 Both Option 12 Cotton 29 mm Jan to July 2013 and Oct’ to Dec’
2013 16/8/ 2012 Compulsory
13 Potato (Agra) March 2013 to September 2013 Compulsory 14 Silver 1000
Sept’ to Dec’ 2012 & Jan’ to June 2013
17/8/ 2012 Compulsory
15 Silver 1000 July 2013 to December 2013 14/2/ 2013 16 Mild Steel Ingots Sept’ 2012 to December 2012 4/9/ 2012 Compulsory 17 Kapasia Khali Dec’ 2012 and Jan’ 2013 to June
2013
24/9/ 2012
Compulsory
18 Aluminium January to December 2013 Both Option 19 Aluminium Mini January to December 2013 Both Option 20 Crude Palm Oil January to December 2013 Both Option 21 Gold Guinea January to December 2013 Compulsory 22 Gold Mini January to December 2013 Compulsory 23 Gold Petal January to December 2013 Compulsory 24 Lead January to December 2013 Both Option 25 Lead Mini January to December 2013 Both Option 26 Mentha Oil January to December 2013 Compulsory 27 Natural Gas January to December 2013
24/9/ 2012
Both Option 28 Nickel January to December 2013 Both Option 29 Nickel Mini January to December 2013 Both Option 30 Zinc January to December 2013 Both Option 31 Zinc Mini January to December 2013 Both Option 32 Gold Petal Delhi January to December 2013 Compulsory 33 Almond Jan’, Feb’, April & June 2013 Compulsory 34 Steel Ingots/
Billets January 2013 to June 2013 Compulsory
35 Refined Soy Oil January 2013 to June 2013 Both Option 36 RBD Palmolein January 2013 to June 2013 Both Option 37 Sugar M- Kol January 2013 to June 2013 Compulsory 38 July 2013 t December 2013 14/2/ 2013
61
Sr. No.
Commodity Contracts permitted Date of permission
Delivery option
39 Cardamom January 2013 to March 2013 11/10/ 2012 Compulsory 40 Platinum January 2013 to June 2013
12/10/ 2012 Both Option
41 Brent Crude Oil January 2013 to December 2013 Both Option 42 Copper August 2013 & November 2013 Both Option 43 Crude Oil July2013 to December 2013 Both Option 44 Copper Mini August 2013 and November 2013 30/11/ 2012 Both Option 45 Silver Micro November 2013 Both Option 46 Cardamom April 2013 to September 2013 18/1/2013 Compulsory 47 Kapasia Khali July 2013 to Dec’ 2013 except
Oct’ 2013. 14/2/ 2013 Compulsory
48 Kapas March 2014 and April 2014 8/3/ 2013 Seller’s option 49 Mild Steel Ingots July 2013 to December 2013 8/3 2013 Compulsory 50 Cardamom July to September 2013 25/3/ 2013 Compulsory
Introduced staggered delivery mechanism in Cardamom contracts expiring in July to
September 2013 contracts traded at MCX, Mumbai on 25th March 2013.
2. National Commodity & Derivatives Exchange Ltd., (NCDEX) Mumbai
S. No
Commodity Contracts permitted Date of permission
Delivery option
1 Gold (1 kg) February 2013, April 2013, June 2013 14/6/2012 Compulsory 2 Silver (30 kg) March2013, May 2013, July2013 & Sept’ 2013 14/6/2012 Compulsory 3 Barley Jan’ 2013, April 2013, May 2013, June 2013,
July 2013, Aug’ 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’ 2013
9/7/2012 Compulsory
4 Castor seed January 2013, February 2013, March 2013, April 2013, May 2013, June 2013, July 2013, Aug’ 2013, Sept’ 2013, Oct’ 2013 & Nov’ 2013
9/7/2012 Compulsory
5 Chana January 2013, April 2013, May 2013, June 2013, July 2013, August 2013, September 2013, October 2013, November 2013 & Dec’ 2013
9/7/2012 Compulsory
6 Chilli Mar’2013, April2013, June2013, July2013, Aug’ 2013, Sept’2013, Oct’ 2013, Nov’ 2013 & Dec’ 2013
9/7/2012 Compulsory
7 Copper cathode
28th February 2013, 30th April 2013, 28th June 2013, 30th August 2013 & 29th November 2013
9/7/2012 Both option
8 Coriander January 2013, April 2013, May 2013, June 2013, July 2013, August 2013, September 2013, October 2013, Nov’ 2013 & Dec’ 2013
9/7/2012 Compulsory
9 Cottonseed oil cake
January 2013, February 2013, Mach 2013, April 2013, May 2013 June 2013, July 2013, August 2013, September 2013, & Dec’ 2013
9/7/2012 Compulsory
10 Gur January 2013, March 2013, July 2013, September 2013, November 2013 & Dec’ 2013
9/7/2012 Seller’s option
11 Jeera March 2013, April 2013, May 2013, June 2013, July 2013, August 2013, Sept’ 2013, October 2013, November 2013 & Dec’ 2013
9/7/2012 Compulsory
12 Light Sweet 18th Jan’ 2013, 19th Feb’ 2013, 19th Mar’ 2013, 9/7/2012 Both option
62
S. No
Commodity Contracts permitted Date of permission
Delivery option
Crude oil 19th April 2013, 20th May 2013, 19th June 2013, 19th July 2013, 19th Aug’ 2013, 19th Sept’ 2013, 21st Oct’ 2013, 19th Nov’ 2013 & 18th Dec’2013
13 Maize(Feed/ Industrial Grade)
Jan’ 2013, Feb’ 2013, March 2013, April 2013, May 2013, June 2013, July 2013, Aug’ 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’2013
9/7/2012 Compulsory
14 Pepper February 2013, March 2013, April 2013, May 2013, June 2013, July 2013, August 2013, September 2013, October 2013 & Nov’ 2013
9/7/2012 Compulsory
15 Rapeseed/ Mustard seed
January 2013, April 2013, May 2013, June 2013, July 2013, August 2013, September 2013, October 2013, Nov’ 2013 & Dec’ 2013
9/7/2012 Compulsory
16 Refined Soy oil
Jan’ 2013, Feb’ 2013, Mar’ 2013, April 2013, May 2013, June 2013, July 2013, Aug’ 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’2013
9/7/2012 Both option
17 Soyabean Jan’ 2013, February, 2013, March 2013, April 2013, May 2013, June 2013, July 2013, August 2013, Oct’ 2013, Nov’ 2013 & Dec’ 2013
9/7/2012 Seller’s option
18 Steel long Jan’ 2013, Feb’ 2013, March 2013, April 2013, May 2013, June 2013, July 2013, Aug’ 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’2013
9/7/2012 Compulsory
19 Sugar M January 2013 to December 2013 9/7/2012 Compulsory 20 Turmeric Apr’ 2013, May 2013, June 2013, July 2013,
Aug’ 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’ 13
9/7/2012 Compulsory
21 Wheat Jan’ 2013, Feb’ 2013, March 2013, April 2013, May 2013, June 2013, July 2013, August 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’2013
9/7/2012 Compulsory
22 Shankar Kapas
October 2012, December 2012, February 2013 & April 2013
23/7/2012 Both Option
23 Yellow Soy bean meal (Domestic)
October 2012, November 2012 & December 2012
17/8/2012 Both Option
24 Yellow Soy bean meal (Domestic)
January 2013, February, 2013, March 2013, April 2013, May 2013, June 2013, July 2013, October 2013, November 2013 & Dec’ 2013
7/9/2012 Both Option
25 Brent Crude oil
Jan’ 2013, Feb’ 2013, March 2013, April 2013, May 2013, June 2013, July 2013, August 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’2013
24/9/2012 Both option
26 Polyvinyl chloride
Jan’ 2013, Feb’ 2013, March 2013, April 2013, May 2013, June 2013, July 2013, August 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’2013
24/9/2012 Compulsory
27 RBD palmolein
Jan’ 2013, Feb’ 2013, Mar’ 2013, April 2013, May 2013, June 2013, July 2013, Aug’ 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’2013
24/9/2012 Both option
28 Rubber Jan’ 2013, Feb’ 2013, March 2013, April 2013, 24/9/2012 Compulsory
63
S. No
Commodity Contracts permitted Date of permission
Delivery option
May 2013, June 2013, July 2013, August 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’2013
29 Steel Long Jan’ 2013, Feb’ 2013, March 2013, April 2013, May 2013, June 2013, July 2013, August 2013, Sept’ 2013, Oct’ 2013, Nov 2013 & Dec’ 2013
4/12/2012 Compulsory
30 Gold (100 grams)
January 2013, February 2013, March 2013, April 2013, May 2013, June 2013,
4/1/2013 Compulsory
31 Shankar Kapas
31st October 2013, 31st December 2013, 28th February 2014 &30th April 2014
1/2/2013 Both option
32 Maize(Rabi) May 2013, June 2013, July 2013, Aug’ 2013 & Sept’ 2013
6/2/2013 Compulsory
33 Maize(Kharif) October 2013, November 2013 & Dec’ 2013 6/2/2013 Compulsory 34 V-797 Kapas February 2014, March 2014 & April 2014 7/3/2013 Seller’s
option 35 Potato April 2013, May 2013, June 2013, July 2013,
Aug’ 2013 & Sept’ 2013 25/3/2013 Compulsory
36 Cotton(29mm) April 2013, Oct’ 2013, Nov’ 2013 & Dec’ 2013 25/3/2013 Compulsory
3. National Multi Commodity Exchange of India Ltd., (NMCE), Ahmadabad
Sr. No
Commodity Contracts permitted Date of permission
Delivery option
1 Rubber January 2013 to December 2013 14/9/ 2012 Compulsory 2 Aluminium
Ingots Jan. to June 2013 1/11/ 2012 Both Option July 2013 to December 2013 6/3/ 2013
3 Castorseed Feb., Apr., June 2013 1/11/ 2012 Compulsory Aug’ 2013,Oct’ 2013 and Dec’2013 6/3/ 2013 Compulsory
4 Chana Jan. Apr. May ,June 2013 1/11/ 2012 Compulsory July 2013 to December 2013 6/3/ 2013 Compulsory
5 Coffee Rep Bulk
Jan., Mar. May 2013 1/11/ 2012 Compulsory July2013, Sept’2013 and Nov’2013 6/3/ 2013 Compulsory
6 Copper Feb., Apr., June 2013 1/11/ 2012 Both Option August and November 2013 6/3/ 2013 Both Option
7 Gold Guinea Jan. to June 2013 1/11/ 2012 Compulsory July 2013 to December 2013 6/3/ 2013 Compulsory
8 Isabgul Seed Feb., Apr., June 2013 1/11/ 2012 Compulsory August and October 2013 6/3/ 2013 Compulsory
9 Lead Jan. to June 2013 1/11/ 2012 Both Option July 2013 to December 2013 6/3/ 2013 Both Option
10 Nickel Jan. to June 2013 1/11/ 2012 Both Option July 2013 to December 2013 6/3/ 2013 Both Option
11 Pepper Jan. to June 2013 1/11/ 2012 Compulsory 12 Rapeseed/
Mustard Seed
Jan. Apr. May ,June 2013 1/11/ 2012 Compulsory July 2013 to December 2013 6/3/ 2013 Compulsory
13 Raw Jute Jan. to June 2013 1/11/ 2012 Compulsory July 2013 to December 2013 6/3/ 2013 Compulsory
14 Sacking Jan. to June 2013 1/11/ 2012 Compulsory July 2013 to December 2013 6/3/ 2013 Compulsory
15 Soyoil Jan. to June 2013 1/11/ 2012 Compulsory July 2013 to December 2013 6/3/ 2013 Compulsory
64
Sr. No
Commodity Contracts permitted Date of permission
Delivery option
16 Zinc Jan. to June 2013 1/11/ 2012 Both option July 2013 to December 2013 6/3/ 2013 Both option
17 Copra Jan-June 2013 1/11/ 2012 Compulsory July 2013 to December 2013 6/3/ 2013 Compulsory
18 Gold Nov.2012-June 2013 1/11/ 2012 Compulsory July 2013 to December 2013 6/3/ 2013 Compulsory
4. Indian Commodity Exchange Ltd., (ICEX), Mumbai
S. No
Commodity Contracts permitted Date of permission Delivery option
1 Copper Cathode February, April, June 2013 21/11/ 2012 Both option 2 Gold February, April, June 2013 Compulsory 3 Silver March, May 2013 Compulsory 4 Silver 5 kg March, May 2013 Both Option 5 Crude Oil January 2013 to June 2013 Both Option 6 Lead January 2013 to June 2013 Both Option 7 Natural Gas, January 2013 to June 2013 Both Option 8 Gold 100 gms January 2013 to June 2013 Compulsory 9 Refined Soy oil January 2013 to June 2013 Both Option
10 Mustard seed January, April, May, June 2013 Compulsory 11 Iron Ore 62 fine January 2013 to June 2013 Both Option 5. ACE Derivatives and Commodity Exchange, Mumbai
S. No
Commodity Contracts permitted Date of permission
Delivery option
1 Castorseed Jan’ 2013, Feb’ 2013, March 2013, April 2013, May 2013, June 2013, July 2013, Aug’ 2013, Sept’ 2013, October 2013 & November 2013
24/7/2012 Compulsory
2 Chana Jan’ 2013, April 2013, May 2013, June 2013, July 2013, August 2013, Sept’ 2013, October 2013, November 2013 & December 2013
24/7/2012 Compulsory
3 Rapeseed/ Mustardseed
Jan’ 2013, April 2013, May 2013, June 2013, July 2013, August 2013, Sept’ 2013, October 2013, November 2013 & December 2013
24/7/2012 Compulsory
4 Refined Soy oil
Jan’ 2013, Feb’ 2013, Mar’ 2013, Apr’ 2013, May 2013, June 2013, July 2013, Aug’ 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’ 2013
24/7/2012 Both option
5 Soya bean Jan’ 2013, Feb’, 2013, March 2013, April 2013, May 2013, June 2013, July 2013, August 2013, Oct’ 2013, Nov’ 2013 & Dec’ 2013
24/7/2012 Seller’s option
6 Sugar M Jan’ 2013, Feb’ 2013, Mar’ 2013, Apr’ 2013, May 2013, June 2013, July 2013, Aug’ 2013, Sept’ 2013, Oct’ 2013, Nov’ 2013 & Dec’ 2013
24/7/2012 Compulsory
7 Yellow Soybean meal (Domestic)
Jan’ 2013, Feb’, 2013, Mar’ 2013, April 2013, May 2013, June 2013, July 2013, Aug’ 2013, Oct’ 2013, Nov’ 2013 & Dec’ 2013
24/7/2012 Both Option
8 Cotton (29mm) November 2012,December 2012, January 2013,February 2013 and March 2013
16/8/2012 Compulsory
April 2013, May 2013, June 2013 & July 2013 10/12/2012 Compulsory 9 RBD Palmolein Sept’ 2012,Oct’ 2012,Nov’ 2012,& Dec’ 2012 16/8/2012 Both option
April 2013,May 2013,June 2013 & Sept’ 2013 4/1/2013 Both option
65
Annexure IV
TRADING PERMISSIONS AND DELIVERY LOGIC AT THE COMMODITY SPECIFIC REGIONAL EXCHANGES:
S. No
Name of the Exchanges
Name of the Commodities
Name of the Deliveries
Date of permission
Delivery option
1 COC, Hapur Gur July 2012 11/4/2012 Both option Mustard seed August 2012 23/4/2012 Both Option Gur December 2012 9/7/2012 Both Option Mustard seed November 2012
February 2013 10/7/2012 Both Option
Gur Mar’ 2013, May 2013, July 2013 and Dec’ 2013
8/1/2013 Both Option
Mustard seed May 2013, August 2013, Nov’ 2013
30/1/2013 Both Option
2 VBC, Muzaffarnagar
Gur July 2012 26/4/2012 Both Option Gur December 2012 13/6/2012 Both Option Gur March 2013 2/11/2012 Both Option Gur May 2013 4/3/2013 Both Option
3 ROOE, Delhi Mustard seed August 2012 3/5/2012 Both Option 4 IPSTA, Kochi Pepper MG-1 Dec’12, January ’13,
February’13 3/5/2012 Compulsory
Pepper-MG 1 March 2013, April 2013 and May2013
6/8/2012 Compulsory
Pepper MG 1 June 2013,July 2013 and Aug’ 2013
19/11/2012 Compulsory
5 BCEL, Bikaner
Gram August 2012 24/5/2012 Seller’s option Mustard seed August 2012 24/5/2012 Seller’s option Gram October 2012 8/8/2012 Seller’s option Mustard seed October 2012 8/8/2012 Seller’s option Gram December 2012 24/9/2012 Seller’s option Gram April 2013 31/1/2013 Seller’s option Gram June 2013 25/3/2013 Seller’s option
6 CICE, Gwalior Mustard seed August 2012 29/5/2012 Seller’s option Mustard seed November 2012 23/7/2012 Seller’s option Mustard seed May 2013 4/12/2012 Seller’s option
7 NBOT, Indore Soya oil Oct’ 2012, Nov’ 2012, Dec’ 2012, Jan’ 2013 and Feb’ 2013
18/6/2012 Both Option
Soya bean Oct’ 2012, Nov’ 9/8/2012 Seller’s option
66
S. No
Name of the Exchanges
Name of the Commodities
Name of the Deliveries
Date of permission
Delivery option
2012, Dec’ 2012, Jan’ 2013, Feb’ 2013
Soya meal Oct’ 2012, Nov’ 2012 ,Dec’ 2012, Jan’ 2013, Feb’ 2013,
9/8/2012 Seller’s option
Mustard seed January 2013, April 2013, May 2013
10/12/2012 Seller’s option
Soya oil Mar’ 2013, April 2013, May 2013, June 2013, July 2013, Aug’ 2013 and Sept’ 2013
7/1/2013 Both Option
Soya meal March 2013, April 2013, May 2013, June 2013
7/1/2013 Seller’s option
Soya bean March 2013, April 2013, May 2013, June 2013
7/1/2013 Seller’s option
8 SCOOAL, Surendra-nagar
Kapas April 2013 3/9/2012 Seller’s option
9 RCEL, Rajkot Castor seed March 2013 14/9/2012 Seller’s option Castor seed June 2013,
September 2013, December 2013
13/2/2013 Seller’s option
10 FCEI, Kochi Coconut oil November 2012, December 2012, January 2013, February 2013 and March 2013
5/10/2012 Compulsory
Coconut oil April 2013, May 2013, June 2013, July 2013
11/12/2012 Compulsory
11 BCE Ltd., Mumbai
Castor seed March 2013, June 2013, September 2013 and Dec’ 2013
16/10/2012 Seller’s option
67
Annexure-V-A
PARTNER INSTITUTES FOR AWARENESS PROGRAMMES
S. No. Name of the Exchange/Institute
1 Multi Commodity Exchange of India (MCX), Mumbai
2 National Commodity and Derivatives Exchange of India (NCDEX), Mumbai
3 National Multi Commodity Exchange of India Limited,(NMCE), Ahmedabad
4 Indian Commodity Exchange Limited, (ICEX), Mumbai
5 ACE Derivatives and Commodity Exchange Limited, Mumbai
6 NABARD Consultancy Services, Mumbai
7 National Institute of Agricultural Marketing(NIAM), Jaipur
Annexure-V-B
PARTNER INSTITUTES FOR CAPACITY BUILDING PROGRAMMES
S. No. Name of the Institute Name of the Agricultural Universities 1 ICM, Jaipur, Rajasthan ANGRAU, Hyderabad, Andhra Pradesh 2 IICM, Navi Mumbai, Maharashtra Punjab Agri. Univ. Ludhiana, Punjab 3 TOPIC, Gurgaon, Haryana Dr. Balasaheb Sawant Konkan Krishi
Vidyapeeth, Dapoli, Maharashtra 4 NIAM, Jaipur, Rajasthan S. K. Rajasthan Agri. Univ. Bikaner,
Rajasthan 5 VAMNICOM, Pune, Maharashtra Anand Agri Univ. Anand, Gujarat 6 RICM, Gandhinagar, Gujarat TNAU, Coimbatore, Tamil Nadu 7 IGICM, Lucknow, U.P. Assam Agri. Univ. Jorhat, Assam 8 RICM, Patna, Bihar Central Agri. Univ. Imphal, Manipur 9 BIRD, Lucknow, U.P.
10 MICM, Bhubaneshwar, Orissa 11 ICM, Guwahati, Assam 12 BIRD, Bolpur, West Bengal 13 ICM, Bhopal, M.P. 14 ICM, Dehradun, Uttrakhand 15 RICM, Chandigarh, Punjab 16 Govt. of Kerala, Thiruvananthapuram,
Kerala
17 NSRICM, Kalyani, West Bengal 18 NABCONS, Mumbai, Maharashtra 19 ICM, Hyderabad, Andhra Pradesh 20 MANAGE, Hyderabad, Andhra Pradesh 21 NCDEX, Mumbai for police training prog.,
Maharashtra
68
Annexure-VI
STATE WISE DISTRIBUTION OF AWARENESS PROGRAMMES
69
Annexure VII
STATE-WISE DISTRIBUTION OF CAPACITY BUILDING PROGRAMMES
70
Annexure VIII
STATE-WISE INSTALLATION OF PRICE TICKER BOARDS
71
Annexure IX
OVERSEAS TRAINING AND PARTICIPATION IN CONFERENCES 2012-13
S. No. Deputation Details Period of deputation
Officers Deputed
1 The IOSCO Annual Conference
at Beijing, China
13 – 17 May,
2012
Shri Ramesh Abhishek, Chairman, FMC
2 The 33rd International SFOA
Burgenstock Meeting at
Interlaken, Switzerland
5 – 7
September,
2012
Dr. M. Mathisekaran, Member, FMC
3 Euromoney Training on
Commodities Markets,
Derivatives and Finance” at
Singapore.
9 – 12 October,
2012
Ms. Nutan Raj, Economic Adviser, FMC
4 USCFTC Symposium on
“International Market Authorities
on Regulation of Derivative
Products, Markets and Financial
Intermediaries”
14-19 October,
2012
Smt. Usha Suresh, Economic Adviser
5
IOSCO Committee on
Commodity Futures Markets
(Committee 7) Meeting held at
Dubai
9 – 10 January,
2013
Shri Ramesh Abhishek, Chairman, FMC
6 International Regulators Meeting
and International Futures Industry
Conference at Boca Raton,
Florida
13-15
March,2013
1.Shri Pankaj Agarwala,Secretary,Department of Consumer Affairs
2.Shri Ramesh Abhishek, Chairman, FMC
3.Shri.Premnath Tiwari, Director, FMC
4. Shri. Chalapati Rao, Deputy Director, FMC
7 US-India Financial Regulatory
Dialogue at Washington
21st March,
2013
Shri.V.C.Chaturvedi, Director, FMC
72
Annexure X
STATEMENT SHOWING THE STAFF POSITION (AS ON 31.03.2013)
Name of Ministry/Department: Ministry of Consumer Affairs, Food & Public Distribution,
Department of Consumer Affairs Office: Forward Markets Commission, Mumbai
S.
No. Name of Post Group
(Gazetted/Non-Gazetted) and Pay Band + Grade Pay
Sanctioned Number of Post(s) In position Vacant
1. 2. 3. 4. 5. GROUP ‘A’ 1. Chairman
Rs.67000-79000 +HAG 1 1 0
2. Member Rs.37400-67000 - 10000
2 1 1
3. Economic Adviser,(IES)FMC Rs. 37400-67000 - 10000
1+1** 1+1** 0
4. Director,IES Rs.15600-39100 + 8700 Director (Ex-cadre) Rs.15600-39100 + 8700. Director (Ex-cadre) Rs.15600-39100 + 7600.
1
10
1 5
0 5
5. A. Deputy Director (Gr.III IES) Rs.15600-39100 + 6600
3 2 1
6. B. Deputy Director(Ex-cadre) 15600-39100 + 6600
13 3 10
7. (A) Assistant Director(Gr.IV IES) Rs.15600-39100 + 5400 (B) Assistant Director (Ex cadre) Rs15600-39100+ 5400
5
14
4 6
1 8
Total Group ‘A’ 50+1** 24+1** 26
GROUP ‘B’ 8. Hindi Officer
Rs. 15600-39100 + 5400 1 1 0
9. Assistant Secretary Rs. 9300-34800 + 4600
1 0 1
9. Senior P.S. Rs. 9300-34800 + 4800
1 1 0
10. Private Secretary Rs. 9300-34800 + 4600
2 2 0
11. Economic Officer Rs. 9300-34800 + 4600
13 11 2
Total ‘B’ Gazzetted 18 14 4 12. GROUP ‘B” Non-gazetted
Superintendent Rs. 9300-34800 + 4600
1
0
1
Total ‘B’ Non-gazetted 1 0 1
73
GROUP ‘C’ Sr. No.
Name of Post Group and Pay Band + Grade Pay
Sanctioned Number of Post(s) In position Vacant
1. 2. 3. 4. 5. 13. Deputy Superintendent
Rs. 9300-34800 + 4200 1 1 0
14. Stenographer Grade I Rs. 9300-34800 + 4200
2 0 2
15. Translator (Mudia) Rs. 9300-34800 + 4200
1 0 1
16. Translator (Gujarati) Rs. 9300-34800 + 4200
1 1 0
17. Jr. Hindi Translator Rs. 9300-34800 + 4200
2 1 1
18. Junior Research Assistant Rs. 9300-34800 + 4200
12 5 7
19. Stenographer Gr.II Rs. 9300-34800 + 4200
2 2 0
20. Assistant Rs. 9300-34800 + 4200
2 2 0
21. Stenographer Gr.III Rs.4000-100-6000
5 0 5
22. Upper Division Clerk Rs.5200-20200 + 2400
7 3 4
23. Lower Division Clerk Rs. 5200-20200 + 1900
6 5 1
24. HindiTypist Rs.5200-20200+1900
1 1 0
25. Staff Car Driver Rs.5200-20200 + 1800
1 0 1
26. Computer Rs.5200-20200 + 1900
4 1
3
Total of Group ‘C’ 47 22 25 GROUP ‘D’ 27. Gestetner Operator
Rs.5200-20200 + 1800 1
1 0
28. Daftary Rs.5200-20200 + 1800
3 3 0
29. Sr. Peon Rs.5200-20200 + 1800
1 1 0
30. Peon Rs.5200-20200 + 1800
7 2 5
31. Hamal Rs.5200-20200 + 1800
1 - 1
32. Safaiwala Rs.5200-20200 + 1800
2 2 0
Total Group ‘D’ 15 9 6 TOTAL:(A+B+C+D) 131+1 69+1 62
**one SAG level post of IES (Economic Adviser) is temporarily transferred by Ministry of Finance, Department of Economic Affairs(IES Division) vide Order No.P-1(PM)-4)/2012 dated 23.02.2012.
74
Annexure XI
STATEMENT SHOWING THE REPRESENTATION OF SC/ST/OBC/PH/EX-M OFFICERS
(AS ON 31.03.2013)
Name of Ministry/Department: Ministry of Consumer Affairs, Food & Public Distribution, Department of Consumer Affairs
Office/ Organisation: Forward Markets Commission, Mumbai.
Group of post
Sanctioned post
Total number of employees in position
Number of employees of Col.3 belonging to
EXM Women Employees in position PH
SC ST OBC VH HH OH 1 2. 3 4 5 6 7 8 9 10 11
Group A (Gazetted)
50+1@ 24+1@ 5 -- 3 1 -- -- -- 8+1@
Group B
18 14 -- -- 3 -- -- -- -- 4
Non-Gazetted
1 -- -- --- -- -- -- -- -- --
Group C 47 22 6* -- 2 1* -- 1 -- 6 Group D 15 9 2** 2 1 2** -- -- -- 3 TOTAL
131+1@ 69+1@ 13 2 9 4 -- 1 -- 21+1@
VH –Visually Handicapped
HH – Hearing Handicapped
OH – Orthopedically Handicapped
EXM – Ex-serviceman
@ one SAG level post of IES (Economic Adviser) is temporarily transferred by Ministry of Finance, Department of Economic Affairs(IES Division) vide Order No.P-1(PM)-4)/2012 dated 23.02.2012.
*1 sc employee is also VH
**1 sc employee is also VH