SEBI Renews MCX-SX License, With Riders
  • Elizabeth George
  • Sep 12 2013

September 12: In a severe reprimand for the NSEL mess, SEBI has put heavy riders in its extension of MCX-SX's license for one year. It has warned Jignesh Shah's company that non-compliance of its rules will result in de-recognition of the exchange. The regulator also asked the exchange to strengthen its governance structure; any conflict of interest within the directors and MD may result in the board being reconstituted, it warns.