The Multi-Commodity Exchange Clearing Corporation Limited (MCX) on April 13, 2026, notified regarding the Revised Penalty/Action for violation of Clearing Corporation guidelines by the Clearing Members.
The following has been stated:
• The circular states that under SEBI (Stock-Brokers) Regulations, 2026 and MCXCCL membership norms, clearing members shall maintain the prescribed minimum net worth at all times and submit periodic filings like annual returns, confirmations, and half-yearly net worth certificates. To ensure stricter compliance, MCXCCL has revised its penal and disciplinary framework for any lapses in these requirements.
• In case of non-compliance or shortfall in reported net worth, the Clearing Corporation will not only block members’ deposits/collaterals until the deficiency is rectified but will also impose an additional financial disincentive.
• A penalty of ₹50,000 plus GST will be charged for net worth shortfall or discrepancies in computation. These revised provisions are effective immediately and replace the earlier penalty framework under the Master Circular dated April 30, 2025.
[Notification no. - MCX/MCXCCL/196/2026]
