To strengthen risk management framework of the commodities market, regulator Sebi today issued norms for early delivery as well as pay-in facility and penalty on sellers in case of delivery default.
BSE, which has applied for Sebi approval to launch a commodity segment on its platform, is believed to have made these submissions to the Finance Ministry in its budget wish-list.
The division bench headed by Justice V M Kanade directed the corporate affairs ministry to proceed with the final order under the provision of the Companies Act and said it will look into the case after the final order was issued.
FMC, in response to a request made by the leading bourse MCX, has also decided to exempt registration of potato cold storages with the Warehousing Development and Regulatory Authority (WDRA) for the current season to ensure smooth supply and efficient price discovery on the exchange platform.
If the FCRA Bill is passed one could see bumper volumes on commodity exchanges and MCX could be one stock that could benefit from this, with the introduction of options and index trading.
The stance that Grant Thornton is likely to take is that since the Forward Markets Commission (FMC) was the agency responsible for appointment of the auditor, Grant Thornton would be answerable to the regulator, alone.
Financial Technologies shares touched a 2-month high of Rs 201 this morning after the company said it had sold its entire 100 percent equity ownership in Singapore Mercantile Exchange for USD 150 million.
Sources have confirmed that EOW is currently considering the invocation of the Maharashtra Protection of Interest of Depositors Act (MPID Act).
The Bombay High Court had directed the Economic Offences Wing (EOW) as well as the FMC, to submit a written action plan of how they plan to monitor this entire exercise.
Commodity markets regulator, Forward Markets Commission (FMC), may allow late evening trading in agri commodities to increase market participation.