Forward Markets Commission Mumbai Guidelines for Internships with the Forward Markets Commission 1.

The commodity futures market has been growing rapidly in recent years. One of the challenges faced in this regard is the capacity development of the stakeholders. In order to create awareness and interest in the commodity futures market and also to expose them to the employment opportunities available in the sectors, the Forwards Market Commission would be offering internships to interested candidates. The internship programme may serve to develop the necessary interest and capacity in academia as well as in the younger generation regarding the commodity futures market. 2. Eligibility: The candidates eligible for the internship would be students pursuing / has recently completed post-graduate/professional degrees in the area of: (i) Business Management/Administration (ii) Accounts & Finance (iii) Law (iv) Human Resources (v) Economics/Econometrics/Agricultural Economics (vi) Commerce (vii) Chartered Accountancy (viii) Certified Management Accountant (ix) Company Secretary (x) Public Policy/Administration; (xi) IT/ Media and Publicity and allied fields from reputed institutions/universities. In the case of students pursuing an integrated 5 year degree in law, applications will only be accepted of students who are in their third year onwards. 3. Duration: The duration of the internship will be 4 to 8 weeks depending on the convenience and requirement of the candidate. In specific cases, the duration may be longer as agreed upon by the candidate and the Commission. 4. Application Procedure

4.1 The application should contain the interested candidates CV along with supporting documents and a statement of purpose detailing the reasons for choosing FMC for the internship. This should be sent to: The Chairman, Forward Markets Commission 3rd Floor, Everest Building, 100, Marine Drive, Mumbai 400 002 Or by email to the following address: chairman.fmc@nic.in

4.2 In the case of students currently pursuing a degree, the applications may be routed through the concerned University/Institute or a letter from the Institution should be presented to the Commission for approval of the internship. 4.3 The candidate will be short-listed based on his/her application. Candidate may be asked to appear for an interview if considered necessary by the Commission. 4.4 The candidates selected for internship will be intimated about their selection within 4 weeks of receipt of their application by FMC. 5. 5.1 Internship Details The internship will broadly comprise the following: (i) Introduction to the basic concepts of the futures market and Regulatory Mechanism and exposure to the functioning of various divisions of the Commission. (ii) Visits and exposure to the system and working of National Commodity Exchanges. (iii) Visit to a few prominent exchanges members and logistic companies. (iv) Visit and exposure to the working of the Spot Exchanges. (v) Project preparation (interaction with different organizations/institutions in this regard) (vi) Submission of draft project report. (vii) Finalisation of the Projects and presentation before the Commission.

5.2 The interns who would be interning for 8 weeks would be required to prepare a project report. The intern will select the project topic in consultation with FMC officials. The topics may be chosen so as to bring fresh perspective to the various aspects of the functioning of the commodity futures market. 5.3 The intern will be provided access to data, wherever permissible, and all necessary assistance in preparing their reports. 5.4 The finalised report, once presented to FMC, will become the property of the FMC. If the intern wishes to share parts of the same with outside organisations, s/he may take permission of FMC before doing so. S/he can, however, use this for academic purposes within his/her institute/university. 6. Miscellaneous 6.1 The intern will be required to make their own boarding and lodging arrangements. They will also not be eligible for a stipend while doing their internship with FMC. 6.2 In case FMC is required to give an appraisal, the same may be communicated to the Commission in advance. 6.3 The intern will be awarded a certificate at the end of the internship. 2