MCX as recognised stock exchange or not
This query is : Resolved
Guest
Guest
(Querist)
10 November 2008
Whether MCX is recognised stock exchange or not ? If yes, please tell me from when it got recognition from SEBI ?
10 November 2008
Country’s largest commodity bourse the Multi Commodity Exchange (MCX) has received ‘in-principal´ approval from market regulator Securities and Exchange Board of India (Sebi) for currency futures trading.
“MCX has received Sebi’s in-principal approval for its subsidiary — MCX Stock Exchange Ltd, which had applied for currency derivatives,” MCX promoter Financial Technologies India Ltd (FTIL) informed Bombay Stock Exchange.
“MCX Stock Exchange will commence membership enrollment from 26 August,” FTIL said, adding that it has already conducted seven road shows in which over 1,000 representatives from commodity brokers, banks, exporters, stock brokers and corporates have shown interest to become its member.
MCX would be the second exchange after the National Stock Exchange to launch exchange traded currency derivatives.
“MCX has received Sebi’s in-principal approval for its subsidiary — MCX Stock Exchange Ltd, which had applied for currency derivatives,” MCX promoter Financial Technologies India Ltd (FTIL) informed Bombay Stock Exchange.
“MCX Stock Exchange will commence membership enrollment from 26 August,” FTIL said, adding that it has already conducted seven road shows in which over 1,000 representatives from commodity brokers, banks, exporters, stock brokers and corporates have shown interest to become its member.
MCX would be the second exchange after the National Stock Exchange to launch exchange traded currency derivatives.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Experts need help
- EPF FULL & FINAL RULES IN 2026
- Management System (IMS)
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
