"The proposed new exchange will also have to furnish a bank guarantee of Rs 50 lakh and a non-refundable processing fee of Rs 5 lakh with the application for setting up a new exchange," FMC said in its revised guidelines.
At present, there are 22 recognised commodity exchanges, including three national multi-commodity exchanges.
The FMC said there was renewed interest in setting up new national commodity exchanges and the framework for new such exchanges was under government's consideration for some time.
The new guidelines will be crucial for the commodity exchange that is being set up by IndiaBulls in collaboration with MMTC.
