Nsel

NSEL investors to urge Finance Ministry for faster execution of OTS

The Mumbai Bench of NCLT recently approved the OTS scheme between NSEL and NIF.

NSEL commodity brokers seek fresh relief from SAT over disqualification from settlement

In the SAT, Sebi had argued that if an entity is named in a chargesheet by an investigative agency, then it becomes not 'fit and proper', and disqualified from any settlement scheme.

ED files fresh chargesheet in NSEL linked money laundering case

The prosecution complaint was filed on January 28 before a special Prevention of Money Laundering Act (PMLA) court in Mumbai against 19 broking entities and their directors for allegedly colluding with NSEL officials to "allure" investors to trade on this platform, the federal agency said in a statement.

Sebi suspends registration of Religare Commodities in NSEL paired contracts case

In September 2009, NSEL introduced the concept of paired contracts for trading, which allowed the buying and selling of the same commodity through two different contracts at two different prices on the exchange platform.

NSEL Paired Contracts: Sebi cancels registration of two brokerages

All brokerages that facilitated the trade of NSEL's paired contracts have been under the scanner

NSEL Paired Contracts: Sebi cancels registration of Pulin Comtrade, MK Commodity Brokers

The brokerages’ registrations were cancelled through two separate orders issued by the Securities and Exchange Board of India through two separate orders on September 6.

NSEL ‘paired contracts’ case: SEBI cancels registration of Shri Parasram Commodities

The order stated that the brokerage does not satisfy certain criteria under the Intermediary Regulations

NSEL Paired-Contracts Probe: Registration of Yacoobali Venture Commodity Broker suspended for three months

Operations of NSEL were suspended on August 6, 2013, after investigations found that the exchange had violated regulations in the sale of ‘paired contracts’

NSEL 'paired contracts' probe: Sebi suspends registrations of 3 commodity brokerages

Registrations of JV Commodity, Jyothi Commodities and Ashika Commodities and Derivatives have been suspended for three months or earlier, depending on the outcome of ongoing enquiries