respondents have the power to not merely supervise the actions of NSEL but also to regulate the spot exchange, including any remedial measures required in the wake of the R5,600-crore scam.
MCX-SX begins search for CEO
New Delhi, Oct 21: MCX Stock Exchange has started its search for a new managing director and CEO to head the bourse, whose group entities remain embroiled in a major crisis emanating from the R5,600-crore payment default at NSEL. MCX-SX was set up by Jignesh Shah-led Financial Technologies group, which has also promoted National Spot Exchange (NSEL) and commodity bourse MCX, among others. In a public announcement, MCX-SX has invited applications from "suitably qualified and experienced" candidates for the post of MD and CEO. PTI