To
All Members,
Subject: Networth & Base Minimum Capital (BMC) requirements for members onboarded on IIBX under the grandfathered category
The IFSCA has issued circular no. F. No. 329/IFSCA/Bullion MIIs/2023-24/01 dated August 07, 2023, to the Bullion Trading and Clearing Members in IFSC, informing its decision to further extend the 6-month period specified in paragraphs 3 and 4 of the IFSCA circular F.No.329/IFSCA/Bullion MIIs/2021 dated September 17, 2021 by a period of 6 months i.e., till January 28, 2024 or till the time IFSCA issues revised guidelines/handbook/circular specifying the requirements of minimum Net worth and Base Minimum Capital for Bullion intermediaries, whichever is earlier.
A copy of the said Circular issued by IFSCA is enclosed as Annexure.
Members are requested to take note of the above.
For any clarifications, kindly contact:
|
Sr. No
|
Official Name
|
Phone
|
Email
|
|
1
|
Puneet Kanwar
|
+91 79 6969 7129
|
puneet.kanwar@iibx.co.in
|
|
2
|
Kundan Taticherla
|
+91 79 6969 7130
|
kundan.taticherla@iibx.co.in
|
|
3
|
Karan Ashar
|
+91 79 6969 7112
|
karan.ashar@iibx.co.in
|
For and on behalf of India International Bullion Exchange IFSC Limited
Kirty Pareek
Compliance Officer
Contact No. +91 79 6969 7106
Email: membership@iibx.co.in