ROHIT SINGH
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veeru
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Hi,
Trading in Commodities Exchanges overseas and setting up of JV / WOS for trading in Overseas Commodities Exchanges will be
reckoned as financial services activity and will require clearance from the Forward Markets Commission (FMC). The FMC has put in
place guidelines for allowing FMC registered members of Commodity Exchanges to undertake commodity related activities abroad.
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veeru
answered
Trading in Commodities Exchanges overseas and setting up of JV / WOS for trading in Overseas Commodities Exchanges will be
reckoned as financial services activity and will require clearance from the Forward Markets Commission (FMC). The FMC has put in
place guidelines for allowing FMC registered members of Commodity Exchanges to undertake commodity related activities abroad.
ARJUN PRATAP SINGH
answered
Dear Friend,
as far as your query is concerned that Can an Indian company set up JV / WOS for trading in Overseas Commodities Exchanges?
Let me informed that Trading in Commodities Exchanges overseas and setting up of JV / WOS for trading in Overseas Commodities Exchanges will be
reckoned as financial services activity and will require clearance from the Forward Markets Commission (FMC). The FMC has put in
place guidelines for allowing FMC registered members of Commodity Exchanges to undertake commodity related activities abroad.
Indian entities desirous of setting up of JV / WOS overseas for trading in overseas commodities exchanges may, therefore, approach
the FMC for regulatory clearance
Hope answer was helpful to you
Regards,
Arjun Pratap Singh
