ARG COMPLIANCE MANUAL - Rathi Online

13.3 Advertisementa) Member of the Exchange are permitted to issue advertisement on priorapproval from Exchange to advertise their products and services offered totheir clients as per Circular no. MCX/007/2005 dated January 03, 2005and MCX/003/2006 dated January 03, 2006.b) Exchange has prescribed guidelines for advertisements as per said circular.13.4 Membership RequirementFollowing are some of the requirement to be followed by each Member:a) Each Member should ensure that they shall not undertake their tradingactivities with /on behalf of any Member of the, who has been suspended,expelled or declared defaulter by the Exchange / FMC / SEBI / NSE / BSEor any regulatory body/authority.b) Every Member of the Exchange shall promptly notify the Exchange inwriting about any change in the information provided by the Member ofthe Exchange at the time of admission or at a later stage to the Exchangeas per Rule 26(b). The Exchange shall indicate the changes in respect ofwhich the Member of the Exchange should take prior approval from theExchange. In case the Member fails to do so, then the Exchange shallcharge penalty and/or take further disciplinary action as may be required.c) In the case of Partnership firm, no partner is a partner at the same time inmore than one Partnership firm carrying on the business of thecommodities trading and/or clearing.d) As per Circular No. MCX/012/2006 dated January 10, 2006, Member isrequired to ensure that minimum amount of net-worth as prescribed by theRelevant Authority/Exchange from time to time is maintained throughoutthe year.e) As per Rule 19(d) “A Member of the Exchange shall not assign, mortgage,pledge, hypothecate, or charge his right of membership or any rights orprivileges attached thereto, and any such attempt shall not be effective asagainst the Exchange.f) As per Rule 27(a), Every Member of the Exchange shall pay thesubscription, fee, deposit or any other charges as may be fixed by theBoard, from time to time.g) Members are advised to enroll for MCX Certified CommodityProfessional (MCCP) examination and to obtain the MCCP certificate orto have atleast one person in their office who have passed this examinationand respond to Training department of the Exchange confirming thepassing of the examination.h) Members should not indulge in any Portfolio Advisory Services, PortfolioManagement Services and such other services directly or indirectly as perCircular no. MCX/551/2006 dated December 13, 2006.i) As per Bye- law 8.6.1, no clearing member shall directly or indirectly enterinto any arrangement or adopt any procedure for the purpose of evading orassisting in the evasion of the margin requirements prescribed under theBye-Laws, Rules and Regulations or any orders issued there under.13.5 Submission of Annual Returns207