National Spot Exchange

National Spot Exchange News

High Court passes decree against Ark Imports, says NSEL

NSEL and its directors have been under the scanner of multiple investigative agencies in the country.

NSEL fraud: ‘Complainant, defaulter in clandestine agreement’

NSEL also alleged that Pankaj Saraf and Ram Saraf have not informed the High Court Committee, economic offences wing of Mumbai Police.


EOW urges govt to designate special court for NSEL

Sources added that another proposal sent by the EOW last year was also discussed during the same meetings with the CMO.

Reeling under payment crisis, FTIL to exit bourse business

The earlier deadline set by the board for the sale was September 30; however, that may be delayed by a few weeks.

Regulating intermediaries: FinMin drafts norms to empower FMC

Proposals are a part of draft guidelines on Forward Contracts issued by the finance ministry for consultation with stakeholders.

Regulators knew of NSEL lapses, had no jurisdiction to pursue case

Consumer affairs ministry said FMC had powers, but delayed implementing its decision.


MCX board asks parent FTIL to cut stake by 2%

FMC had decided that FTIL had breached the ‘fit and proper’ requirement to be an anchor investor in MCX.

MCX-SX board appoints Ernst & Young for forensic audit

Board chaired by former Home Secy GK Pillai decides to also review existing contracts and agreements.

Multi Commodity Exchange,Financial Technologies share prices plunge 9 pct

Multi Commodity Exchange,Financial Technologies share prices plunge after promoters asked to slash stake in former.

Jignesh Shah scam: Govt looking at all options to deal with NSEL crisis,says Sachin Pilot

Pilot says all options available to govt to deal with the NSEL scam and fall out from crisis.