Thu, Apr 17, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Commodities Exchanges, Market Moves more

Commodity market regulator to step in if NSEL defaults

Posted on 13 August 2013

The commodity market regulator is preparing a course of action if the troubled bourse National Spot Exchange fails to pay up by the middle of this week as promised by it. In a report finalised over the weekend, the Forward Markets Commission (FMC) has recommended involving other government agencies to track the money if there is a default.
“Among the borrowers, there are companies with will low paid-up capital but have borrowed hundreds of crores. If there are defaults, there should be investigation on how the money lent by thousands of investors have been deployed,” a government official told ET………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930