Jaypee gets FMC nod to sell 5.30% stake in NCDEX to Oman India

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FMC norms do not allow shareholders having over 1 per cent of the shares in a bourse to trade on it. Express FMC norms do not allow shareholders having over 1 per cent of the shares in a bourse to trade on it. Express
SummaryFMC norms do not allow shareholders having over 1 per cent of the shares in a bourse to trade on it.

to the Forward Markets Commission, the turnover of 17 commodity bourses, including NCDEX and MCX, fell by over 35 per cent to Rs 79.54 lakh crore till December 15 of the current fiscal, from Rs 123.15 lakh crore in the same period

last year. Much of the business fall was witnessed in gold, silver, metals, energy and agricultural items, it said. Imposition of the commodity transaction tax (CTT) of 0.01

per cent since July and the deepening crisis at the National Spot Exchange Ltd affected investors confidence and trading volumes on all the commodity bourses.

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