Forward Markets Commission

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

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

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 />

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.

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.

Mumbai police freeze NSEL bank accounts; no payout to investors again

FMC may allow trading in agricultural commodities during late evening

India is considering late-evening trading in commodities such as sugar and soybeans to increase market participation, Ramesh Abhishek, chairman of the Forward Markets Commission (FMC), told reporters on Sunday.

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.

Govt orders commodity regulator to probe why NSEL suspended trading

A major crisis erupted at National Spot Exchange today after it suspended most trades on its platform, prompting the government to order an enquiry by the commodity regulator FMC.

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.