Ar 201213

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 1
st
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 1
st
and 2
nd
World war Rapid growth of futures markets
During 2
nd
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 4
th
National Exchange
2010 Recognition to ACE as 5
th
National Exchange.
Notified Iron Ore under section 15 of the
FCRA, 1952.
2012 Recognition to UCX as 6
th
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 II
13 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 (MCX
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 o
traded 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 (MCX
Commodity Exchange, Ltd., Mumbai, contributed 99.71% of the total value o
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 Exchange, Ltd., Mumbai, contributed 99.71% of the total value of the commodities

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
COPPER
9.70%
NATURAL GAS
4.52%
LEAD
4.14%
NICKEL
2.90%
ZINC
2.80%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED
AT MCX ,MUMBAI DURING APRIL 2012 TO MARCH 2013
SILVER
COPPER
NICKEL
CPO
10
CHAPTER IV
REVIEW OF COMMODITY MARKETS IN 2012
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%
CRUDEOIL
20.04%
ZINC
2.80%
ALUMINIUM
1.54%
CPO
0.72%
OTHER
COMMODITIES
1.17%
GOLD CRUDEOIL
NATURAL GAS LEAD
ZINC ALUMINIUM
OTHER COMMODITIES
2-13

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
SILVER
27.46%
GOLD
25.00%
OTHER
COMMODITIES
1.17%
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.

50000
52500
55000
57500
60000
62500
65000
67500
70000
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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
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G
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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
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Spot & Futures prices of Crude Oil at MCX
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12
Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13
405
415
425
435
445
455
465
475
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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

95
120
145
170
195
220
245
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r
-
1
2
M
a
y
-
1
2
M
a
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-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
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-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

m
m
B
t
u
Spot & Futures prices of Natural Gas at MCX
SPOT Apr-12 May-12 Jun-12 Jul-12 Aug-12
Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13
Mar-13 Apr-13 May-13 Jun-13
100
105
110
115
120
125
130
135
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
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-
1
3
J
a
n
-
1
3
F
e
b
-
1
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F
e
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-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

K
g
Spot & Futures prices of Lead at MCX
Mar-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
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

850
875
900
925
950
975
1000
M
a
r
-
1
2
A
p
r
-
1
2
A
p
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-
1
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M
a
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-
1
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M
a
y
-
1
2
J
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-
1
2
J
u
n
-
1
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J
u
l
-
1
2
J
u
l
-
1
2
A
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g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
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-
1
2
O
c
t
-
1
2
N
o
v
-
1
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N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

K
g
Spot & Futures prices of Nickel at MCX
97
100
102
105
107
110
112
115
117
120
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

K
g
Spot & Futures prices of Zinc at MCX
15

9. Aluminium
The ready price of Aluminium, which was quoted at 107.35 per kg on 31.03.2012
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
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.

100
103
105
108
110
113
115
118
120
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
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o
v
-
1
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D
e
c
-
1
2
D
e
c
-
1
2
J
a
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-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

K
g
Spot & Futures prices of Aluminium at MCX
375
425
475
525
575
625
675
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
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D
e
c
-
1
2
J
a
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-
1
3
J
a
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-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

1
0

K
g
Spot & Futures prices of CPO at MCX
SPOT Mar-12 Apr-12 May-12 Jun-12 Jul-12
Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13
Feb-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_SEED
4 CHANA
5 CASTOR_SEED
6 JEERA
7 COTTONSEED_OILCAKE
8 DHANIYA
9 KAPAS
10 TURMERIC
11 OTHER COMMODITIES
TOTAL

Note : Natural Gas Volumes is not included in the Total Volume of the Exchange
CHANA
9.98%
CASTOR_SEED
5.87%
JEERA
4.13%
COTTON_CAKE
4.10%
DHANIYA
3.31%
KAPAS
2.30%
PERCENTAGE SHARE OF THE VALUE OF THE COMMODITIES TRADED AT
SOYA_OIL
CHANA
COTTON_CAKE
TURMERIC
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
SOYABEAN
13.64% RAPE_MUSTARD
SEED
11.27%
TURMERIC
2.07%
OTHER COMMODITIES
8.46%
NCDEX,MUMBAI DURING APRIL 2012 TO MARCH 2013
SOYABEAN RAPE_MUSTARD_SEED
CASTOR_SEED JEERA
DHANIYA KAPAS
OTHER 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_OIL
34.88%
SOYABEAN
13.64%
NCDEX,MUMBAI DURING APRIL 2012 TO MARCH 2013
RAPE_MUSTARD_SEED
JEERA
KAPAS
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
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

1
0

K
g
Spot & Futures Prices of Soy Oil at Ncdex
Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13
2800
3100
3400
3700
4000
4300
4600
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
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n
-
1
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J
u
n
-
1
2
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u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
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-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

P
e
r

1
0
0

K
g
Spot & Futures Prices of Soy Bean at Ncdex
Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13
Apr-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
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
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.

3200
3450
3700
3950
4200
4450
4700
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

P
e
r

1
0
0

K
g
Spot & Futures Prices of R/M Seed at Ncdex
SPOT Apr-12 May-12 Jun-12 Jul-12
Aug-12 Sep-12 Oct-12 Nov-12 Dec-12
Jan-13 Apr-13 May-13 Jun-13 Jul-13
3200
3500
3800
4100
4400
4700
5000
5300
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

P
e
r

1
0
0

K
g
Spot & Futures Prices of Chana at Ncdex
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,
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.

2950
3200
3450
3700
3950
4200
4450
4700
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

P
e
r

1
0
0

K
g
Spot & Futures Prices of Castor Seed at Ncdex
10500
11500
12500
13500
14500
15500
16500
17500
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

P
e
r

1
0
0

K
g
Spot & Futures Prices of Jeera at Ncdex
20

7. Cotton Cake
The ready price of Cotton Cake, which was quoted at 1302.00 per 100 Kg on
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
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.

1100
1200
1300
1400
1500
1600
1700
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
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-
1
2
D
e
c
-
1
2
J
a
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-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

P
e
r

1
0
0

K
g
Spot & Futures Prices of Cotton Cake at Ncdex
Aug-12 Sep-12 Dec-12 Jan-13 Feb-13
3400
4400
5400
6400
7400
8400
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

P
e
r

1
0
0

K
g
Spot & Futures Prices of Dhaniya at Ncdex
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
quantity traded in all contracts of Turmeric was 62.06 Lakh tonnes valued at 33083.60 Crore

700
800
900
1000
1100
1200
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

P
e
r

2
0

K
g
Spot & Futures Prices of Kapas at Ncdex
SPOT Apr-12 Feb-13 Mar-13 Apr-13
2900
3400
3900
4400
4900
5400
5900
6400
6900
7400
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

P
e
r

1
0
0

K
g
Spot & Futures Prices of Turmeric at Ncdex

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 Bulk
the price which was quoted at
to 12352.00 per 100 Kg on (
total quantity traded in all contracts of
19425.91 Crore.

Others
55%
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 Bulk
11%
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 Jute
10%
Aluminium
8%
Nickel
8%
Sacking
8%
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
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

.

10000
11000
12000
13000
14000
15000
16000
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

1
0
0

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
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

1
0
0

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
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
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

P
e
r

1

K
g
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
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

1

K
g
Spot and future prices of Nickel 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

5. Sacking

The ready price of Sacking
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
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2

p
e
r

1
0
0

B
a
g
s
Spot and future prices of Sacking at NMCE., Ahmedabad
Spot 13-Apr
15-Sep-12 15-Oct
15-Mar-13 15-Apr
COPPER
16.02%
GOLD
11.73%
IRON ORE
7.23%
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
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
Apr-12 15-May-12 15-Jun-12 14-Jul
Oct-12 15-Nov-12 15-Dec-12 15-Jan
Apr-13 15-May-13 15-Jun-13 15-Jul
CRUDEOIL
24.55%
SILVER
16.79%
OTHER
COMMODITIES
5.35%
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
was 24.91 Lakh tonnes valued at 13677.73 Crore.

D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3
Jul-12 14-Aug-12
Jan-13 15-Feb-13
Jul-13
CRUDEOIL
24.55%
NATURAL GAS
18.34%
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
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
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
M
a
r
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3

p
e
r

B
a
r
r
e
l
Spot & Futures prices of Crude Oil at ICEX
27

3. Silver
The ready price of Silver, which was quoted at 55784.05 per kg on 31.03.2012
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
2013 contract) on 30.03.2013 showing a fall of 4.90%. The total quantity traded in Copper

75
100
125
150
175
200
225
250
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

m
m
B
t
u
Spot & Futures prices of NATURAL GAS at ICEX
50000
52500
55000
57500
60000
62500
65000
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

K
g
Spot & Futures prices of Silver at ICEX
SPOT 2-May-12 2-Jul-12 3-Sep-12
3-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
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
470
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

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
27000
28000
29000
30000
31000
32000
33000
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

1
0

G
m
Spot & Futures prices of Gold at ICEX
SPOT 2-Apr-12 1-Jun-12 1-Aug-12 1-Oct-12
3-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.
4500
5000
5500
6000
6500
7000
7500
8000
8500
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2

p
e
r

M
T
Spot & Futures prices of IRON ORE at ICEX
SPOT
31-Jul-12
30-Nov-12
28-Mar-13
SOYBEAN
13.29%
SOYMEAL
4.86%
COTTON118
2.16%
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
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
Spot & Futures prices of IRON ORE at ICEX
30-Apr-12 31-May-12
31-Aug-12 28-Sep-12
31-Dec-12 31-Jan-13
30-Apr-13 31-May-13
RBD
1.76%
OTHER
COMMODITIES
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
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3
29-Jun-12
31-Oct-12
28-Feb-13
28-Jun-13
REFSOYOIL
77.84%
OTHER
COMMODITIES
0.09%
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
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
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.

625
650
675
700
725
750
775
800
825
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

1
0

k
g
Spot & Futures prices of Soy Oil at ACE
Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13
2750
3000
3250
3500
3750
4000
4250
4500
4750
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r
1
0
0

K
g
Spot & Futures prices of Soya Bean at ACE
Spot Apr-12 May-12 Jun-12 Jul-12 Aug-12
31

3. Soya Meal
The ready price of Soya Meal, which was quoted at 23190.00 per MT on 31.03.2012
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
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
M
a
r
-
1
2
A
p
r
-
1
2
A
p
r
-
1
2
M
a
y
-
1
2
M
a
y
-
1
2
J
u
n
-
1
2
J
u
n
-
1
2
J
u
l
-
1
2
J
u
l
-
1
2
A
u
g
-
1
2
A
u
g
-
1
2
S
e
p
-
1
2
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

M
T
Spot & Futures prices of Soya Meal at ACE
Spot Apr-12 May-12 Jun-12 Jul-12 Aug-12
32000
34000
36000
38000
40000
42000
S
e
p
-
1
2
O
c
t
-
1
2
O
c
t
-
1
2
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

P
e
r

C
a
n
d
y
Spot & Futures prices of Cotton at ACE
Spot Nov-12 Dec-12 Jan-13 Feb-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
N
o
v
-
1
2
N
o
v
-
1
2
D
e
c
-
1
2
D
e
c
-
1
2
J
a
n
-
1
3
J
a
n
-
1
3
F
e
b
-
1
3
F
e
b
-
1
3
M
a
r
-
1
3
M
a
r
-
1
3

p
e
r

1
0

K
g
Spot & Futures prices of RBD at ACE
Spot Nov-12 Dec-12 Jan-13 Feb-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 30
th
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
1
st
April, 2012 to 31
st
March,2013
(Rapeseed/Mustard seed)
30
th
April ,2012
2
Central India Commercial
Exchange Ltd., Gwalior
1
st
April, 2012 to 31
st
March,2013
30
th
April ,2012
3
Bikaner Commodity
Exchange Ltd., Bikaner
1
st
July,2012 to 30
th
June, 2014
(Gram Seed and Mustard Seed )
26
th
June, 2012
4
National Board of Trade,
Indore
1
st
July 2012 to 30
th
June, 2014
(Cottonseed cake, Guar gum, Guar
seed, Wheat and Chana).
24
th
July 2012
5
First Commodity Exchange
of India Ltd., Kochi
1
st
June, 2012 to 31
st
May, 2013
(Coconut oil and Copra)
24
th

September,2012
6
Chamber of Commerce,
Hapur
1
st
March 2013 to 28
th
February,
2018(Rapeseed /Mustard Seed)
14
th
February
2013
7
National Board of Trade,
Indore
1
st
March 2013 to 28
th
February, 2014
(Soybean Seed, Refined Soy Oil and
Soy meal)
25
th
February
2013
8
Rajkot Commodity
Exchange Ltd., Rajkot
1
st
April 2013 to 31
st
March 2018
(Castor seed)
25
th
February
2013
9
Surendranagar Cotton Oil &
Oilseeds Association Ltd.,
Surendranagar
1.04.2013 to 31.03.2014
(Kapas)
14
th
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
1
st
April, 2012 to 31
st
March, 2014
(Gur)
3
rd
April ,2012
2 Bikaner Commodity
1
st
April,2012 to 31
st
March, 2013
(Guar Seed)
22
nd
May ,2012
3 Rajdhani Oil & Oilseeds
Exchange Ltd., Delhi
1
st
April, 2012 to 31
st
March,2013
24
th
May ,2012
4 Central India Commercial
1
st
April, 2012 to 31
st
March,2013
24
th
May ,2012
5 Bikaner Commodity
1
st
July 2012 to 30
th
June, 2014
(Gram Seed and Mustard Seed)
3
rd
August,
2012
6 National Board of Trade,
Indore
1
st
July, 2012 to 30
th
June,2014
(Cottonseed cake, Guar gum, Guar
seed, Wheat and Chana)
21
st
August
,2012
7 First Commodity
Exchange of India Ltd.,
Kochi
1
st
June, 2012 to 31
st
May, 2013
(Coconut Oil and Copra)
28
th
September,
2012
8 National Board of Trade,
Indore
1
st
March 2013 to 28
th
February, 2014
(Soybean Seed, Refined Soy Oil and
Soy meal)
28
th
February
2013
9 Chamber of Commerce,
Hapur
1
st
March, 2013 to 28
th
February,
2018(Rapeseed / Mustard Seed)
6
th
March, 2013
10 Rajkot Commodity
Exchange Ltd., Rajkot
1
st
April 2013 to 31
st
March 2018
(Castor seed)
8
th
March 2013
11 Surendranagar Cotton Oil
& Oilseeds Asso. Ltd.,
Surendranagar
1
st
April, 2013 to 31
st
March, 2014
(Kapas)
25
th
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
Rapeseed/Must
ard seed
1.04.2013 to 31.03.2015

e) Grant of permission for futures trading in Commodities:

During the year, from 1
st
April 2012 to 31
st
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

37

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 4
th
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 members 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 members 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.
38

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 10
th
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 members 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 members 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 12
th
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 9
th
March 2012,
vide its letter dated 20
th
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 13
th

December, 2012.
39

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 14
th
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 8
th
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 14
th
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
40

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 11
th
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
41

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 3
rd
May 2012 approved Staggered delivery mechanism at NCDEX,
Mumbai commencing from 5
th
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 24
th
May 2012 approved staggered delivery mechanism at NCDEX,
commencing from 5
th
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.
th
January 2013 approved Staggered delivery mechanism at ACE
commencing from 5
th
of the delivery month in Soybean contracts from March 2013
contract expiry onwards.
th
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 3
rd
May, 2012 approved to start near month limit at NCDEX, from 1
st

of the contract expiry months in case of only Agri commodities. Subsequently on 12
th

June 2012 and on 9
th
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 1
st
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 8
th
June 2012 and in
case of Soybean and Refined Soy oil for the contracts expiring from October 2012
onwards on 24
th
September 2012.
5.6 Extension of Exchange of Futures for Physicals (EFP) facility:
th
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 21
st
June 2012 approved extension of EFP transactions at MCX,
Mumbai for cotton contracts for the deliveries upto December 2012.

42

5.7 Contracts not allowed for launch:
In order to curb the excessive volatility in the prices of Soya bean, the Commission on
2
nd
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.
th
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 11
th

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 7
th
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 16
th
August 2012 directed all the National Exchanges not to allow launch of August
2013 in Soya Bean and Soya Meal contracts.
st
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 1
st
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.

43

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
44

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 Honble Supreme Court order dated 23
rd
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--vis the principles issued by
IOSCOs Committee on Payment & settlement systems, and also on the responsibilities
of the market regulator vide its letter dated 18th September, 2012. The Commission on
14
th
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.

45

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

47

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
Honble 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 Honble
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 Honble 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 Honble Supreme Court of India, challenging the judgment & order dated
07.02.2011 passed by the Honble 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 Honble 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 Honble Gujarat High Court, wherein National Multi Commodity
Exchange Limited (NMCE) is a respondent. The Commission has requested the Honble
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 Honble Delhi High Court at New Delhi,
giving effect the delivery of Steel was heard on 11th Oct., 2012. The Honble High Court
dismissed the aforesaid Petition as withdrawn

48

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 Honble
Rajasthan High court Jaipur Bench, was listed for hearing during the year. The Honble
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
Honble 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 Honble 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 Honble 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
Honble Division Bench on 15
th
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 Honble 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 Honble
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 Honble 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 Honble Division Bench did not grant any interim relief to
the Appellants.

49

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 Honble 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 Honble 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 Honble 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 6
th
Central Pay
Commission was heard by the Single Bench. It is now pending before the Division
Bench of the Honble 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 Honble 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 28
th
February, 2013. The Honble 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 organi
for the benefit of various stakeholders viz., farmers, members, traders, hedgers/potential
hedgers, industry associations, students etc., acr
institute for conducting awareness programmes are given
8.2 In 2012-13, the Commission conducted 872 awareness programmes
programmes 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 t
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
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
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
hedgers, industry associations, students etc., across the country.
institute for conducting awareness programmes are given Annexure
he Commission conducted 872 awareness programmes
programmes were for the benefit of farmers and the remaining 337
States (94 out of 872). State wise details of Awareness programmes

Capacity Building Programmes:-
system of commodity futures markets and to sensitize the policy makers about t
students and faculty members of agriculture universities, office bearers and members
for Capacity Building Programmes are given in
13, the Commission conducted 100 Capacity Building Programmes for various
association with the National Commodity
ed awareness programmes
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
programmes are given

system of commodity futures markets and to sensitize the policy makers about the
students and faculty members of agriculture universities, office bearers and members of
are given in Annexure- V-B.
13, the Commission conducted 100 Capacity Building Programmes for various

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 covere
Institute wise details of the programmes organized are given in

8.5 Members Meeting:-
The Commission had organized 15 meetings during the year 2012
Meeting 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
NABCONS, 26
Others, 17
Universities, 14
51
which were conducted for stakeholders, 83 programmes were
capacity building programmes and covered 29 States in the country. The State
Institute wise details of the programmes organized are given in Annexure
The Commission had organized 15 meetings during the year 2012
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
Co-operatives
Bankers
Students and faculty
Others
Police officers
Govt. officers
FMC Staff & Officers
ICM, 13
IICM, 3
TOPIC, 6
NIAM, 12
RICM, 5
BIRD, 4
NABCONS, 26
Others, 17
Universities, 14
Institute wise details of
ICM
IICM
TOPIC
NIAM
RICM
BIRD
NABCONS
Others
which were conducted for stakeholders, 83 programmes were
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
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) 100
th
Indian Science Congress held at Kolkata from 3
rd
7
th
January, 2013.
(iii) AGROVISION 2013 organized at Nagpur from 24
th
27
th
January, 2013.
53

Glimpses of developmental activities of the Commission

1st Meeting of Advisory Committee on 16
th
October, 2012 at Mumbai

Awareness Programme for market participants at Kochi on 30
th
June, 2012

54

Stakeholders Meet for Edible Oils & Castor seed participants at New Delhi on 17
th
November 2012

Stakeholders Meet for Gaur Sector participants at Jodhpur on 26
th
February 2013

55

Stakeholders Meet for Rubber, Pepper & Cardamom at Kochi on 21
st
January 2013

Capacity Building Programme at Bhuvaneshwar on 7-8
th
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 Sellers 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
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.
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.
48 Kapas March 2014 and April 2014 8/3/ 2013 Sellers 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 25
th
March 2013.
2. National Commodity & Derivatives Exchange Ltd., (NCDEX) Mumbai
S.
No
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 Mar2013, April2013, June2013, July2013,
Aug 2013, Sept2013, Oct 2013, Nov 2013 &
Dec 2013
9/7/2012 Compulsory
7 Copper
cathode
28
th
February 2013, 30
th
April 2013, 28
th
June
2013, 30
th
August 2013 & 29
th
November 2013
9/7/2012 Both option
8 Coriander January 2013, April 2013, May 2013, June
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 Sellers
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 18
th
Jan 2013, 19
th
Feb 2013, 19
th
Mar 2013, 9/7/2012 Both option
62

S.
No
permission
Delivery
option
Crude oil 19
th
April 2013, 20
th
May 2013, 19
th
June
2013, 19
th
July 2013, 19
th
Aug 2013, 19
th

Sept 2013, 21
st
Oct 2013, 19
th
Nov 2013 &
18
th
Dec2013
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 & Dec2013
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, 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 & Dec2013
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 Sellers
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 & Dec2013
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 &
Dec2013
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
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
25 Brent Crude
oil
2013, Sept 2013, Oct 2013, Nov 2013 &
Dec2013
26 Polyvinyl
chloride
2013, Sept 2013, Oct 2013, Nov 2013 &
Dec2013
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 & Dec2013
28 Rubber Jan 2013, Feb 2013, March 2013, April 2013, 24/9/2012 Compulsory
63

S.
No
permission
Delivery
option
2013, Sept 2013, Oct 2013, Nov 2013 &
Dec2013
29 Steel Long Jan 2013, Feb 2013, March 2013, April 2013,
2013, Sept 2013, Oct 2013, Nov 2013 &
Dec 2013
30 Gold (100
grams)
January 2013, February 2013, March 2013,
April 2013, May 2013, June 2013,
4/1/2013 Compulsory
31 Shankar
Kapas
31
st
October 2013, 31
st
December 2013, 28
th

February 2014 &30
th
April 2014
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 Sellers
option
35 Potato April 2013, May 2013, June 2013, July 2013,
Aug 2013 & Sept 2013
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
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 Dec2013 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, Sept2013 and Nov2013 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
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
13 Raw Jute Jan. to June 2013 1/11/ 2012 Compulsory
14 Sacking Jan. to June 2013 1/11/ 2012 Compulsory
15 Soyoil Jan. to June 2013 1/11/ 2012 Compulsory
64

Sr.
No
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
18 Gold Nov.2012-June 2013 1/11/ 2012 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
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
2 Chana Jan 2013, April 2013, May 2013, June 2013,
July 2013, August 2013, Sept 2013, October
2013, November 2013 & December 2013
3 Rapeseed/
Mustardseed
Jan 2013, April 2013, May 2013, June 2013,
July 2013, August 2013, Sept 2013, October
2013, November 2013 & December 2013
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
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 Sellers
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
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
8 Cotton (29mm) November 2012,December 2012, January
2013,February 2013 and March 2013
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
Gur Mar 2013, May
2013, July 2013 and
Dec 2013
Mustard seed May 2013, August
2013, Nov 2013
2 VBC,
Muzaffarnaga
r
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 Dec12, January 13,
February13
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
5 BCEL,
Bikaner
Gram August 2012 24/5/2012 Sellers option
Mustard seed August 2012 24/5/2012 Sellers option
Gram October 2012 8/8/2012 Sellers option
Mustard seed October 2012 8/8/2012 Sellers option
Gram December 2012 24/9/2012 Sellers option
Gram April 2013 31/1/2013 Sellers option
Gram June 2013 25/3/2013 Sellers option
6 CICE, Gwalior Mustard seed August 2012 29/5/2012 Sellers option
Mustard seed November 2012 23/7/2012 Sellers option
Mustard seed May 2013 4/12/2012 Sellers option
7 NBOT, Indore Soya oil Oct 2012, Nov 2012,
Dec 2012, Jan 2013
and Feb 2013

Soya bean Oct 2012, Nov 9/8/2012 Sellers 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 Sellers option
Mustard seed January 2013, April
2013, May 2013
Soya oil Mar 2013, April
2013, May 2013,
June 2013, July
2013, Aug 2013 and
Sept 2013
Soya meal March 2013, April
2013, May 2013,
June 2013
Soya bean March 2013, April
2013, May 2013,
June 2013
8 SCOOAL,
Surendra-
nagar
Kapas April 2013 3/9/2012 Sellers option
9 RCEL, Rajkot Castor seed March 2013 14/9/2012 Sellers option
Castor seed June 2013,
September 2013,
December 2013
10 FCEI, Kochi Coconut oil November 2012,
December 2012,
January 2013,
February 2013 and
March 2013
Coconut oil April 2013, May
2013, June 2013,
July 2013
11 BCE Ltd.,
Mumbai
Castor seed March 2013, June
2013, September
2013 and Dec 2013

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 33
rd
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
21
st
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

Ar 201213

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