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Section 20
Commodity traders must subscribe
(1) In order to conduct commodity trading business, the commodity trading businessmen shall subscribe to the commodity exchange market.
(2) According to sub-section (1), the procedure for obtaining membership, membership and other arrangements shall be as mentioned in the regulations of the related commodity exchange market.
Commodity Interchange Market Act, 2074
Preamble - 0
Chapter - 2
Section 3: Business shall not be carried on without obtaining a licenseSection 4: To apply for a permitSection 5: Section 6: Permission to be refusedSection 7: Can set conditionsSection 8: Provisions regarding duration and renewal of licenseSection 9: Provisions relating to infrastructureSection 10: Must have maintained minimum paid-up capital and financial resources
Chapter - 3
Section 11: Prior approval of the Board is requiredSection 12: Management RegulationsSection 13: Provisions relating to shares of the commodity exchange marketSection 14: Inability to take shares of the barter marketSection 15: Functions, Duties and Rights of Commodity Exchange MarketSection 16: which may determine the limits of goods or transactionsSection 17: Investor Protection Fund should be arrangedSection 18: Provisions regarding Chief Executive Officer of Commodity Exchange Market
Chapter - 10
Section 41: Funding ArrangementsSection 42: Auditor appointmentSection 43: Provisions relating to service charges or regulatory chargesSection 44: to establish an electronic transaction systemSection 45: Special provisions relating to contract of goodsSection 46: Commodities as specified in the foreign exchange market to manage the risks to be carried by transactions in the foreign exchange marketSection 47: Approval to be obtained for transactions in foreign currencySection 48: Information and details to be givenSection 49: Report required to be submittedSection 50: Details to be made publicSection 51: Obeying orders or instructionsSection 52: Penalty to be leviedSection 53: AppealableSection 54: Government of Nepal to be PlaintiffSection 55: Government of Nepal may give instructionsSection 56: To assist the boardSection 57: Delegation of PowersSection 58: Contact with the Government of NepalSection 59: Officials will be prosecutedSection 60: A code of conduct can be created and enforcedSection 61: Power to make rulesSection 62: Can make regulationsSection 63: Able to create and implement guidelinesSection 64: According to this Act