Commodity exchanges are all restructuring their boards of directors, after the recently issued guidelines of the Forward Markets Commission.
The board will have to take a decision that he cannot remain a permanent director and also have to decide to whether to amend the article of association of the exchange in this regard.
Department seeks investor database on the suspicion of fictitious investors.
At 12-15 tonnes, the imports in September are estimated to be much lower than in the same month last year.
The Sebi Act deals with securities and the definition of securities, according to the Securities Contracts Act, doesn't include commodities.
Laxity in enforcing KYC and allied norms suspected; money laundering gaps also on probe panel's mind
After defaulting for a consecutive time in paying its investors, National Spot Exchange Ltd (NSEL) got a Rs 177-crore (Rs 1.77 billion) lifeline from its main promoter, Jignesh Shah-run Financial Technologies.
Slew of resignations at NSEL over past month in the wake of scrutiny; MCX gaps caused by new-age norms for commexes.
Exchange to reply to FMC's letter soon, CEO says buyers can't be declared defaulters where there is 'market disruption'.
Brokers have only kept guarantees for which they have open positions.
Imports in July 2012 were 65 tonnes, said a bullion analyst.
Govt restrictions on import biting deep; trade petitions for relief with units, workers idling.
Ratio trading in gold and silver prices is a trading tool.
However, other commodities yet to see meaningful recovery in global markets
Gems & jewellery exports seen rising, too, as demand remains strong in all markets except Europe.
The yellow metal has risen 6.6 per cent since mid-August
The sales growth rate has been a 10-quarter low, dragged by slowdown in the key sectors -- capital goods, construction, infrastructure, non ferrous metals, steel and telecom -- that had contributed to India Inc's growth story in the past.
Sharp rupee fall, interest differential on export finance rates may have led to arbitrage in gold.
Earlier expectations of gold imports touching 1,000 tonnes in 2011 have been belied, with a steep fall in imports in recent months.
The board has decided to expand into all financial services for the rural population. SKS would, however, continue to be a strong player in the microfinance business. Financial inclusion would continue to be in the centre of our activities.
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