P&H HC: Eyewitness Account Not Credible if Eyewitness Directly Identifies Accused in Court  ||  Delhi HC: Conditions u/s 45 PMLA Have to Give Way to Article 21 When Accused Incarcerated for Long  ||  Delhi High Court: Delhi Police to Add Grounds of Arrest in Arrest Memo  ||  Kerala High Court: Giving Seniority on the Basis of Rules is a Policy Decision  ||  Del. HC: Where Arbitrator has Taken Plausible View, Court Cannot Interfere u/s 34 of A&C Act  ||  Ker. HC: No Question of Estoppel Against Party Where Error is Committed by Court Itself  ||  Supreme Court: Revenue Entries are Admissible as Evidence of Possession  ||  SC: Mere Breakup of Relationship Between Consenting Couple Can’t Result in Criminal Proceedings  ||  SC: Bar u/s 195 CrPC Not Attracted Where Proceedings Initiated Pursuant to Judicial Order  ||  NTF Gives Comprehensive Suggestions on Enhancing Better Working Conditions of Medical Professions    

Exit Order in Respect of Bombay Commodity Exchange Limited (BCEL)- (Securities and Exchange Board of India) (01 Nov 2016)

MANU/SPRL/0148/2016

Capital Market

Whole Time Member, SEBI has passed an Order on Oct 28, 2016 providing the exit to Bombay Commodity Exchange Limited (BCEL). BCEL is the first commodity derivatives exchange / deemed stock exchange to exit after merger of Forward Markets Commission with SEBI. SEBI vide Circular dated January 11, 2016 had issued the Guidelines for exit of commodity derivatives exchanges. This contained details of the conditions for exit of non-operational stock exchanges, inter alia, including treatment of assets of non-operational exchanges. Further, the Income Tax Authorities, Ministry of Corporate Affairs and the State Government of Maharashtra are being intimated about the exit of BCEL, for appropriate action at their end.

Tags : COMMODITY DERIVATIVES   EXCHANGES   EXIT  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved