In its response to the High Court in the MCX-SX case, SEBI has very clearly pointed out that the executive powers of recognising and authorising stock exchange rests with SEBI. Hence, their stance is that MCX cannot seek such an authorisation from the High Court, reports CNBC-TV18's Ashwin Mohan, quoting sources.
first published: Jul 8, 2011 03:24 pm
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