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 ?
S.Srinivasaraghavan
(Expert)
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
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
