Hotline: 1800 102 2007
X
Search Business Opportunities
2010-09-25

SEBI rejects MCX-SX request

The country’s market regulator, Securities and Exchange Board of India (SEBI) has rejected the appeal of MCX Stock Exchange Limited (MCX-SX) to begin trading in equities and also discarded the request

The country’s market regulator, Securities and Exchange Board of India (SEBI) has rejected the appeal of MCX Stock Exchange Limited (MCX-SX) to begin trading in equities and also discarded the request made by MCX-SX to provide a SME trading platform for small and medium units in India. According to SEBI, allowing such a move will not be in favour of the market and as well as the public interest.

SEBI has said that the two promoters of MCX-SX – Multi-Commodity Exchange (MCX) and Financial Technologies India Ltd (FTIL) had stake exceeding the acceptable limit of 5 % allowed to any entity in any stock exchange in the country. To comply with this, MCX-SX had undertaken a capital reduction scheme and issued warrants to both the promoters to bring down their combined holding.

Exchange (MCX-SX) is a stock exchange recognised by the SEBI & RBI and has been allowed to operationalise the exchange traded currency derivatives and it has been authorised to do so have been extended till September 15, 2011 on the condition that MCX-SX will need to abide and follow the regulations related to shareholding of promoters and other entities for other segments as prescribed by SEBI.  

Related opportunities
  • Juices / Smoothies / Dairy parlors
    About Us: A Surat based waffle café named Waffle Republic. Serves..
    Locations looking for expansion Gujarat
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Quick Service Restaurants
    About New York Slice: Founded in 2011, We, New York Slice..
    Locations looking for expansion Haryana
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Faridabad Haryana
  • Home Furnishings
    About: Ambreh is backed by Aalidhra Techtex Pvt. Ltd. that owns..
    Locations looking for expansion Delhi
    Establishment year 1989
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Casual dine Restaurants
    About Us: Kake Da Hotel is a legendary family restaurant founded..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 600 - 4000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater North Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts