In reference to notice no. 20121012-20 dated October 12, 2012 and Notice no. 20190328-2 dated March 28, 2019, Members are hereby requested to note the below penalty structure and the same will be applicable from Trade Date May 02, 2025, as follows ;
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Description*
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Instances of Trading Limit violations in a calendar month
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Penalty
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For violation of trading limits (assigned by Clearing member) to trading member.
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1st instance
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0.07% per day
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2nd to 5th instance of disablement
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Trading limit violation upto Rs. 1 crore = 0.07% per day + Rs. 1,000/- per instance from 2nd to 5th instance.
Trading limit violation above Rs. 1 crore = 0.07% per day + Rs.5,000/- per instance from 2nd to 5th instance
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6th to 10th instance of disablement
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Trading limit violation upto Rs. 1 Crore = 0.07% per day + Rs. 4,000/- (for 2nd to 5th instance) + Rs.2,000/- per instance from 6th to 10th instance.
Trading limit violation above Rs. 1 Crore = 0.07% per day + Rs.20,000/- (for 2nd to 5th instance) + Rs.10000/- per instance from 6th to 10th instance.
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11th instance onwards
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Trading limit violation upto Rs. 1 Crore = 0.07% per day + Rs.14,000/- (for 2nd to 10th instance) + Rs.2,000/- per instance from 11th instance onwards Additionally, the member will be referred to the Member Committee for suitable action.
Trading limit violation above Rs. 1 Crore = 0.07% per day + Rs.70,000/- (for 2nd to 10th instance) + Rs.10,000/- per instance from 11th instance onwards. Additionally, the member will be referred to the Member Committee for suitable action.
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* The instances as mentioned above refer to all instances of violations of trading limits during trading hours in a calendar month.
Besides the aforesaid, all other norms as prescribed vide the aforesaid notices will remain unchanged.
In case of any clarifications, members may contact:
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Sr. No.
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Name
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Contact Nos.
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1.
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Mr. Krishna Patra
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22728902
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2.
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Mr. Mahipal Singh Bhati
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22728811
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For & on behalf of ICCL
Sushant Majhi,
Chief Risk Officer
April 28, 2025
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