https://www.taxtmi.com/circulars?id=71229 Client-level open-interest breaches in commodity derivatives attract daily monetary penalties based on excess position, closing price, duration and a two-percent rate, subject to different caps according to the extent of breach. Members must reduce excess positions by the next trading day, failing which exchanges may square off the excess without further notice. Repeated breaches can trigger one-day square-off mode and additional equivalent penalties, subject to an exception for breaches exclusively caused by clubbing of positions. Client-level position limits remain linked to annual deliverable supply and commodity classification. en-us Wed, 09 Sep 2026 00:00:00 +0530 Wed, 09 Sep 2026 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71229 Client-level open-interest breaches in commodity derivatives attract daily monetary penalties based on excess position, closing price, duration and a two-percent rate, subject to different caps according to the extent of breach. Members must reduce excess positions by the next trading day, failing which exchanges may square off the excess without further notice. Repeated breaches can trigger one-day square-off mode and additional equivalent penalties, subject to an exception for breaches exclusively caused by clubbing of positions. Client-level position limits remain linked to annual deliverable supply and commodity classification. Circulars SEBI Wed, 09 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71229