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Thiruvananthapuram,
Tuesday
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Vol. V
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15th March 2016
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2nd Meenam 1191
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Government of Kerala
2016
Regn. No. KERBIL/2012/45073
dated 5-9-2012 with RNI
Reg. No. KL/TV(N)/634/2015-17
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KERALA GAZETTE
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PUBLISHED BY AUTHORITY
PART IV
Private Advertisements and Miscellaneous
Notifications
INDIA PEPPER AND SPICE TRADE ASSOCIATION
(IPSTA)
Exchange Conducting Futures trading in Black Pepper
Since 1957
CIN No.—U91200KL1959NPL001848
Vl/150, Jewtown, Mattancherry, Kochi-682 002
Phones—0484-2224263, 2227582
Fax-0484-2227434 Email: ipsta57@ yahoo.com &
Website: www.ipsta.com
(A Company registered under the Companies Act, 1956)
Following is the amended Clause xxiv of the Trading
Byelaws, Rules and Regulations of IPSTA. The amendment
has been made the extra ordinary general meeting
of members of IPSTA held on Tuesday, 30th day
of July 2013.
(xxiv) Settlement rate means the price fixed by the
Board in respect of transactions in the Domestic Division
or by a Committee appointed by the Board for the
purpose of payment between members of differences or
dues pertaining to outstanding transactions. The
settlement rate will be determined as weighted average of
the prices quoted for the trades registered during the last
half an hour of trading day. The minimum number of
quotes to arrive at a representative settlement rate will be
5 trades. In case the number of trades during the last 30
minutes of trading on any day are inadequate for arriving
at a representative settlement rate, prices of matched
trades which were registered immediately prior to the
30 minutes period will be taken to meet the inadequacy.
Accordingly, the quotes which were registered prior to
the said 30 minutes period to make up the deficiency in
the number of quotes during the last half an hour will be
taken by the system. In situations where the trading is
listless or no trade registered in particular contract/