SEBI Orders MCX-SX To Overhaul Governance
  • Elizabeth George
  • Sep 12 2013

September 12: The NSEL mess is having a direct impact on the rest of Jignesh Shah's businesses. SEBI has told MCX-SX to strengthen its governance standards and warned that non-compliance with norms and other such irregularities could cost it its license. SEBI took note of the ‘fit and proper’ issues after the FMC Chairman Ramesh Abhishek last month told Bloomberg TV India that in light of the complaints received, he would discuss the ‘fit and proper’ issue with his peer regulators.