Forward Markets-commission

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Forward Markets-commission - Total results - 22
SEBI allows exchanges to extend trading time for equity derivatives till 11.55 pm from 1 October
Business

SEBI allows exchanges to extend trading time for equity derivatives till 11.55 pm from 1 October

Markets regulator SEBI on Friday allowed exchanges to extend the trading time for equity derivatives till 11.55 pm from 1 October

Sebi move to converge commodity, stock trading good for investors but needs more safeguards
Business

Sebi move to converge commodity, stock trading good for investors but needs more safeguards

It is for Sebi to consider if it would be kosher for a broker to offer softer brokerage rates to those opting for combo services as opposed to either commodity or stock services.

Will issue fresh guidelines for exchanges' listing soon: Sebi
Business

Will issue fresh guidelines for exchanges' listing soon: Sebi

The Sebi chief said the immediate priority will be to ensure that the conduct of the market is in the best possible way in the interest of all the stakeholders.

FMC to merge with Sebi by September, says UK Sinha
Business

FMC to merge with Sebi by September, says UK Sinha

Sinha said that after FMC's merger with Sebi, the capital market watchdog's approval is required if a commodity exchange wants to function as equity bourse as the process would not be automatic.

 Sebi relaxes debt-equity conversion norms for banks
Business

Sebi relaxes debt-equity conversion norms for banks

Under the relaxed norms, which were approved by Sebi's board today, the banks would be allowed to convert their debt into equity in a listed borrower entity that is in distress without applicability of the markets regulator's pricing formula in such conversions.

In a bid to boost commodities trading, govt exempts 38 agri items from CTT
Business

In a bid to boost commodities trading, govt exempts 38 agri items from CTT

Government has exempted 38 more agriculture items from the ambit of the Commodity Transaction Tax (CTT), which was imposed in July 2013.

FTIL opposes merger of NSEL with itself, rejects FMC's proposal
Corporate

FTIL opposes merger of NSEL with itself, rejects FMC's proposal

Financial Technologies India Ltd (FTIL) has suggested that government agencies, brokers and trading clients should "join forces" with National Spot Exchange Ltd (NSEL) to ensure recovery of Rs 5,300 crore from 24 defaulters.

NSEL scam: Bombay HC sets up panel to conduct forensic audit
Corporate

NSEL scam: Bombay HC sets up panel to conduct forensic audit

The three-member committee headed by Justice (Retd) V C Daga will also have a solicitor and a chartered accountant, according to Advocate Ameet Naik, who represents NSEL in the case.<br />

Govt drafts rules to give FMC more teeth to regulate intermediaries
Finance

Govt drafts rules to give FMC more teeth to regulate intermediaries

Among the guidelines, the Finance Ministry has proposed to strengthen the Forward Markets Commission (FMC) with the power to cancel, suspend and debar the registration of an errant intermediary.<br />

Blackstone ups stake in MCX, buys 14.2 lakh shares for Rs 81 cr
Business

Blackstone ups stake in MCX, buys 14.2 lakh shares for Rs 81 cr

Blackstone on Monday bought 2.79 percentstake in MCX for around Rs 81 crore, after the Forward Markets Commission gave the private equity giant its nod to hike holding in the commodity bourse to 4.99 percent.

FMC gives time till Jan 17 for auditing NSEL's e-series contracts
Investing

FMC gives time till Jan 17 for auditing NSEL's e-series contracts

FMC had appointed the Chokshi and Chokshi following an order of the Bombay High Court, which is hearing the case filed by aggrieved investors, directing the Commission to appoint a forensic auditor to examine e-series contracts executed at the troubled exchange and submit a report.

Jignesh Shah, FTIL challenge FMC order, HC to hear petition on 6 Jan
Politics

Jignesh Shah, FTIL challenge FMC order, HC to hear petition on 6 Jan

The petition was mentioned by FTIL Counsel Janak Dwarkadas before a bench headed by Chief Justice Mohit Shah which asked the market regulator to file reply by 6 January.

Financial Tech, team Jignesh Shah unfit to run MCX, rules FMC
Investing

Financial Tech, team Jignesh Shah unfit to run MCX, rules FMC

Forward Markets Commissions (FMC), which oversees commodities markets, removed its "fit and proper" designation for both Financial Technologies and its chief executive, Jignesh Shah - a status needed to operate an exchange in India.

Govt creates Joint Secretary post in Fin Min to deal with forward markets
Investing

Govt creates Joint Secretary post in Fin Min to deal with forward markets

The new officer will look after the Forward Markets Commission and works related with it.

Coming soon: Late evening trading in agri commodities
Economy

Coming soon: Late evening trading in agri commodities

Commodity exchanges have been demanding longer trading hours in sugar and soybean as against the present 10 A.M. to 5 P.M. slot.<br /><br />

FMC may come under Finance Ministry following NSEL crisis
Investing

FMC may come under Finance Ministry following NSEL crisis

Amid the deepening of payment crisis at the National Spot Exchange, the government is examining a proposal to bring commodity markets FMC under the purview of the Finance Ministry.

NSEL giving wrong info, not complying with directions: FMC
Business

NSEL giving wrong info, not complying with directions: FMC

The NSEL affair got murkier today as regulator FMC cast doubts on its management and charged that the crisis-ridden spot exchange is not complying with its directions and providing wrong information in the case involving Rs 5,600 crore dues to investors.

NSEL will not default on open contracts, says FMC chairman
Business

NSEL will not default on open contracts, says FMC chairman

The chairman of India's Forward Markets Commission said the regulator had no immediate worries that the National Spot Exchange Ltd (NSEL) could default on open contracts after the commodities exchange this week suspended trading in forward contracts.<br /><br />