FMC, NSEL to meet traders today for dues settlement

Aug 04 2013, 00:29 IST
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SummaryThe Forward Markets Commission and the National Spot Exchange Ltd have convened a meeting with 21 entities

The Forward Markets Commission (FMC) and the National Spot Exchange Ltd (NSEL) have convened a meeting with 21 entities (planters) and member brokers of the exchange on Sunday to arrive at a consensus and satisfactory solution for settlement of dues in accordance with exchange rules and bye-laws.

“This meeting is also aimed to ensure avoiding any incidence which may have consequential impact on larger market,” NSEL said.

NSEL on Friday submitted required information to the FMC. Subsequently, senior FMC officials and the board of NSEL met on Saturday.

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