MCX circular on Submission of Half Yearly Networth Certificate as on March 31, 2026
secmarkupdates
Issuer: MCX
Highlights of MCX Circular
As per the continuing membership norms of the Exchange, all Members of the Exchange are required to maintain minimum Networth at all points of time and submit the Networth certificate on a half yearly basis to the Exchange.
All Members of the Exchange are hereby requested to submit Half Yearly Networth Certificate and Computation of Networth as on March 31, 2026, as per prescribed formats on or before May 31, 2026.
As per Exchange circular no. MCX/MEM/499/2025 dated September 29, 2025 regarding “Technology based sharing mechanisms of common submissions among Exchanges”, Members of the Exchange who are also registered with NSE are required to submit their Half yearly Networth Certificate to NSE only. NSE in turn will share such compliance reports (including data/documents) with the Exchange. Submitting data to NSE alone will be treated as submission to the Exchange and the same will be in compliance of the regulatory requirements for such stock brokers.
The processing of the submission along with the monitoring and supervision of compliance will continue to be carried out by respective stock exchanges as per the existing process.
Members of the Exchange who are NOT registered with NSE are required to be made submission online in electronic form on the link https://member.mcxindia.com available for submission, on or before May 31, 2026.
Further, as per the Exchange Circular MCX/MEM/065/2026 dated February 6, 2026, all members shall continue to comply with the variable networth requirement i.e.10% of average daily cash balance of clients retained with member across segments/exchanges in the previous 6 months.
Please refer following annexures attached in the circular.
As stipulated in the Exchange circular MCX/COMP/213/2026 dated April 17, 2026, in case of non-submission of Networth certificate within the due date or in case of any shortfall, nonsubmission of a revised Networth certificate along with the original Networth certificate as on March 31, 2026, disciplinary actions shall be initiated by the Exchange. Further, in case of non-rectification of deficiency observed in Annual Return/Half yearly net worth certificate submitted to exchange, within 15 calendar days from the date of intimation by Exchange, a penalty of Rs. 1,000/- per day till submission of correct details with maximum capping of Rs. 2,00,000/- will be levied.
Members are advised to take note of the above and ensure due compliance.
For and on behalf of Multi Commodity Exchange of India Limited.