The National Securities Depository and Central Depository Services (India) have revised the norms relating to expired commodity stocks. The depository entities have decided to restrict off-market deals, which enabled inter-client transfer of expired commodity stocks at exchange warehouses.
As per a circular issued by NCDEX on Tuesday, members must transfer the holdings from his pool account to the beneficiary or client’s account on the final expiry date of the stock The commex added that after July 31, when the new norms come into effect, the client will have to take physical delivery of the goods after the final expiry date of the stock.