Fresh Blow For MCX
  • Elizabeth George
  • Oct 18 2013

October 18: The Forward Markets Commission has found the MCX reply to trading with the Indian Bullion Market Association unsatisfactory and asked for the removal of key personnel from the board. However, FMC has given MCX an extension to reply to show-cause notice on the Fit & Proper status. Meanwhile, the finance ministry is also seeking details of the action plan for the probe.