FMC Warns The NSEL
  • Gaurav Sarkar
  • Aug 21 2013

The Forward Market Commission (FMC) has taken a firm stance against NSEL since Rs 92.14 crore is the only amount of pay-in that has been received against that of an estimated Rs 174 that was expected yesterday. The FMC has taken a taken action against the Management Board of the company and now the entire board is at the risk of never running a spot exchange again. Furthermore, the FMC doubts the credibility and intention of the NSEL in this settlement.