| From Indiatimes.com: Commodity exchanges have been given more time to raise their equity capital by the commodity futures market regulator. The time limit for meeting the Forward Markets Commission (FMC) norm expires on Thursday, September 30. Metals & energy exchange and plantation & spices bourse NMCE have been given time till March 31, 2011 to increase their paid-up capital to `50 crore while has not yet gone through agri bourse NCDEX’s application seeking an extension.
“NCDEX was hoping to complete the process of including Jaypee Capital as anchor investor prior to the deadline but I am told their recent board meeting to finalise this issue was inconclusive,” said FMC chairman BC Khatua..............................................Full Article: Source
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