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NSEL says investor Ketan Shah objecting payout to small investors


NSEL says investor Ketan Shah objecting payout to small investors
March 08, 2021
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The NSEL Investors Action Group (NIAG) led by investor Ketan Shah has opposed payout to the small investors of the now defunct National Spot Exchange (NSEL), a release from the exchange said.
The Bombay High Court had ordered the NSEL to immediately release payments due between ₹2 lakh to ₹10 lakh to retail investors of NSEL. However, since Shah objected the court has allowed him to appeal in the Supreme Court.
“Exchange bye-laws permit such mutual distribution from clearing house to small traders while NIAG or any other investor forum did not put any effort or file cases, only NSEL and 63 moons efforts have resulted in the recovery. As per the information available in social media, the personal income of Ketan Shah has increased from ₹16 lakh to ₹16 crore after he started representing so-called investors association and started trading the pain of traders,” NSEL sa ....

Rabibai Mohamad Ismail , Justice Manish Pitale , Ketan Shah , National Spot Exchange , Supreme Court , Bombay High Court , Investors Action Group , Division Bench , National Spot Exchange Limited , Action Group , Small Investors , Retail Investors , கேதன் ஷா , தேசிய ஸ்பாட் பரிமாற்றம் , உச்ச நீதிமன்றம் , குண்டு உயர் நீதிமன்றம் , முதலீட்டாளர்கள் நடவடிக்கை குழு , பிரிவு பெஞ்ச் , தேசிய ஸ்பாட் பரிமாற்றம் வரையறுக்கப்பட்டவை , நடவடிக்கை குழு , சிறிய முதலீட்டாளர்கள் , சில்லறை முதலீட்டாளர்கள் ,

CDAC okays 11 new commodities for future trading - The Hindu BusinessLine


CDAC okays 11 new commodities for future trading
February 05, 2021
Futures trading soon on weather, Aviation Turbine Fuel, freight, cement, platinum, manganese, apple, cashew nut, garlic, tobacco and white butter
The Commodity Derivatives Advisory Committee (CDAC) has approved eleven new products for futures trading on the exchange platform.
In a meeting held with the regulator SEBI on Friday, CDAC approved futures trading on weather, Aviation Turbine Fuel, freight, cement, platinum, manganese, apple, cashew nut, garlic, tobacco and white butter.
The exchanges have to now make their choice from the list of new commodities and move SEBI for approval before launching them on their platform, sources said. ....

National Spot Exchange , Commodity Derivatives Advisory Committee , Farmer Producers Organisation , Aviation Turbine Fuel , தேசிய ஸ்பாட் பரிமாற்றம் , உழவர் ப்ரொட்யூஸர்ஸ் ஆர்கநைஸேஶந் , விமான போக்குவரத்து விசையாழி எரிபொருள் ,

SEBI Assigned New Responsibility As Gold Spot Exchange Regulator


Budget 2021 | SEBI assigned new responsibility as Gold Spot Exchange regulator
In the budget of 2018-19, the government had announced its intent to establish a system of regulated gold exchanges in the country. For this purpose, SEBI will be notified as to the regulator. For warehousing purposes, the government has appointed Warehousing Development and Regulatory Authority as a regulator.
February 01, 2021 / 05:53 PM IST
Finance Minister Nirmala Sitharaman has increased the responsibility of the Securities and Exchange Board of India (SEBI) by appointing it as regulator for the Gold Spot Exchange. The recommendation to nominate SEBI in this role also came from the National Institute for Transforming India. ....

Nirmala Sitharaman , Surendra Mehta , National Spot Exchange , India Bullion Jewellers Association , International Exchange , Union Budget , National Institute For Transforming India , Forward Market Commission , Gold Spot Exchange , Regulatory Authority , World Gold Council , Exchange Board Of India , National Stock Exchange International , Warehousing Development , International Financial Service Center , Multi Commodity Exchange , Bombay Stock Exchange , Finance Minister Nirmala Sitharaman , Exchange Board , Gold Spot , National Institute , National Secretary , India Bullion , Jewellers Association , Gift City , National Spot Exchange Limited ,

Former chief of NSEL Anjani Sinha arrested


Former chief of NSEL Anjani Sinha arrested
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Last Updated: Jan 19, 2021, 07:56 AM IST
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During his questioning, Sinha alleged that Shah approved trading of castor seed, steel, sugar, cotton, mustard seed on long-term contracts, it said. Shah had also introduced new trading commodities, mainly sugar, to deal with assured return schemes, Sinha claimed.
During the course of investigation, it was found that the NSEL platform for spot trading was designed by the management of the exchange with assured return investment schemes, investigators said.
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New Delhi | Mumbai: Anjani Sinha, former CEO and managing director of National Spot Exchange (NSEL), has told Delhi Police that 63 Moons (formerly Financial Technologies India) group chairman emeritus Jignesh Shah was the brain behind the NSEL scam. ....

Shankar Shrivastav , Jignesh Shah , Ranjani Sinha , National Spot Exchange , Mohan India Pvt Ltd , Taveshi Enterprises Pvt Ltd , Delhi Police Economic Offences Wing , Delhi Police , Mumbai Police , Central Bureau Of Investigation , Ministry Of Consumer Affairs , Brinda Commodity Pvt Ltd , New Delhi , Financial Technologies India , Economic Offences Wing , Consumer Affairs , Jai Shankar Shrivastav , Central Bureau , Financial Technologies , 63 Moons Technologies Ltd , Nsel Scam , ஷங்கர் ஸ்ரீவாஸ்தவ் , ஜிக்னேஷ் ஷா , அஞ்சனி சீன்ஹா , தேசிய ஸ்பாட் பரிமாற்றம் , மோகன் இந்தியா பிரைவேட் லிமிடெட் ,