DOCSLIB.ORG

National Spot Exchange Limited

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
National Spot Exchange Limited National Spot Exchange Limited Circular Ref. No.: NSEL/C&S/2013/070 August 20, 2013 Settlement Schedule (First Pay-out) In terms of the provisions of the Rules, Bye-Laws and Business Rules of the Exchange and further to circular no. NSEL/TRD/2013/065 dated July 31, 2013 and NSEL/C&S/2013/069 dated August 14, 2013, the Members of the Exchange are hereby notified that the Exchange has disbursed the first pay out today. The total amount being disbursed today in a proportionate manner is ` 92,12,81,182/- Members of the Exchange are hereby advised to disburse the amount in the same proportion to all the clients having receivable amount against their unsettled obligations. The details of the member wise pay in and payout has been mentioned under annexure I and annexure II. Members are requested to take note of it. For and on behalf of National Spot Exchange Ltd. Santosh Mansingh Asst. Vice President -------------------------------------- Registered office -------------------------------------- FT Tower, CTS 256, 257, Suren Road, Chakala, Andheri (East), Mumbai – 400 093 Tel.: 022 – 6761 9911 Fax: 022 – 6726 9527 www.nationalspotexchange.com email: [email protected] Annexure 1 ACTUAL PAYOUT STATEMENT FOR 20 AUGUST 2013 Pay out CM ID CM Name amount in Rs. 1 13870 NDA COMMODITY BROKERS PVT LTD 5617 2 12780 SHAREWEALTH COMMODITIES PVT LTD 7047 3 10070 VIJAY T PATEL 10294 4 13760 SHIKAGO TRADE PVT LTD 12460 5 10770 VACHI COMMODITIES AND DERIVATIVES P LTD 13021 6 14120 ARCADIA COMMODITIES AND TRADING 15763 7 10510 DAGA COMMODITIES PVT LTD 16823 8 13160 PARWATI COMMODITY MARKET PVT LTD 20336 9 13470 REFINED METALS 21512 10 11160 CHINMAY FINANCIAL SERVICES 21663 11 12260 SIDDHI VINAYAK COMMODITIES PVT LTD 23180 12 10920 TIME LEVERAGE INSTRUMENTS PVT LTD 25873 13 10470 HTS COMMODITIES PVT LTD 28502 14 10060 CFA BROKING PVT LTD 29172 15 14290 K N SECURITIES 30876 16 11390 ITL COMMODITIES PVT LTD 34530 17 12790 SHAREKHAN COMMODITIES PRIVATE LIMITED 50111 18 10940 GAUTAM LABDHI COMMODITIES PVT LTD 52325 19 14250 GOLDMAN GOLD LTD 53606 20 12820 GUINESS COMMODITIES PVT LTD 53727 21 14420 CHOICE MERCHANDISE BROKING PVT LTD 60131 22 13640 ADROIT COMMODITIES SERVICES PVT LTD 63885 23 11830 MANSUKH COMMODITY FUTURES PVT LTD 69830 24 11510 ACUMEN COMMODITIES INDIA LTD 71628 25 12940 VERTEX COMMODITIES AND FINPRO PVT LTD 75561 26 12080 BANKA BULLIONS PVT LTD 81048 27 13220 JOINDRE COMMODITIES LTD 95404 28 13530 IDEAL COMMODITIES PVT LTD 117938 29 13630 NORTHEAST COMMODITIES PVT LTD 118463 30 14490 CELEBRUS COMMODITIES LIMITED 123449 31 13520 COSMOPOLITAN COMMODITY PVT LTD 125326 32 11740 OHM COMMODITIES 130347 33 11990 VIKSON COMMODITIES PVT LTD 139743 34 11650 KEDIA COMMODITY COMTRADE PVT LTD 143066 35 10290 VIJETA MULTI COMMODITIES PVT LTD 146249 36 13030 EF COMMODITIES PVT LTD 146844 37 12140 ABANS COMMODITIES (I) PVT .LTD 154181 38 14220 ANUGRAH COMMODITIES PVT LTD 154676 39 14320 INDO THAI COMMODITIES PVT LTD 160604 40 10280 GANDHI COMMODITIES PVT LTD 174823 41 10450 MS MILIND VIJAYBHAI THAKKAR 192711 2 42 14640 VEEZ COMMODITIES PVT LTD 194785 43 13110 BALAJI COMMODITY FUTURES PVT LTD 229069 44 14580 BAHUBALI COMMODITY SERVICES PVT LTD 230461 45 14390 QUADEYE TRADING 230487 46 13070 ROHINTON ERUCH SHROFF 234030 47 11590 NARAYANDAS ASAWA AND COMPANY 253239 48 10110 JHAVERI CREDITS AND CAPITAL LTD 299145 49 13400 EXCEL COMMODITY & DERIVATIVE PVT.LTD 326257 50 10422 CHAMUNDA COMMODITY PRIVATE LTD 345648 51 13540 GIGANTIC COMMODITIES PVT LTD 355054 52 13150 HEM MULTI COMMODITIES PVT LTD 367789 53 11300 LALKAR COMMODITIES PVT LTD 370253 54 12750 KOMAL CREATION 397228 55 12360 SHREEJI KOSH SERVICES PVT LTD 402756 56 14410 DHARITA STOCK DEALS PVT LTD 429869 57 39000 SMC COMTRADE LTD 450589 58 10160 PINNACLE BROCOM PVT LTD 452186 59 14440 GEPL COMMODITIES PVT LTD 483199 60 10410 INDIRA COMMODITIES PVT LTD 496593 61 11670 FIVE SQUARE AGRO GOLD PVT LTD 503012 62 11190 HITECH BPO SOLUTION PVT LTD 533083 63 10440 RAGHUNANDAN INDUSTRIES PVT LTD 575141 64 14530 BAJAJ COMMODITIES TRADING PVT. LTD. 605801 65 11260 J V COMMMODITY PVT LTD 616576 66 11580 INVESTSMART COMMODITIES LTD 669017 67 11760 BONANZA COMMODITY BROKERS PVT LTD 682735 68 13130 PROGRESSIVE COMTRADE PVT LTD 698446 69 40000 INDOVISION COMMODITIES LTD 703444 70 13660 MODEX COMMODITY TRADES PVT LTD 735264 71 10180 RELIGARE COMMODITIES LTD 786939 72 13500 B N RATHI COMTRADE PVT LTD 815956 73 10910 R K GLOBAL COMMODITY BROKING LTD. 839302 74 14190 GOLDCREST SECURITIES & COMMODITIES PVT L 891847 75 10690 CHONA COMMODITY TRADING SERVICES PVT LTD 899782 76 13455 ASIT C.MEHTA COMMODITY SERVICES PVT LTD 938223 77 10560 SIHL COMMODITIES LTD 964261 78 10660 HARDIK MULTI COM BROKING PVT LTD 1014118 79 14020 AJAY NATWARLAL COMMODITIES PVT LTD 1021978 80 14140 INTEGRATED REGISTRY SERVICES LTD 1030308 81 14540 ATRIWAL INFRASTRUCTURE PVT. LTD. 1085576 82 12900 SAMRIDDHI BUSINESS PVT LTD 1124267 83 14360 SKUNG COMMXPERTS LTD 1179700 84 10990 EUREKA COMMODITY BROKERAGE PVT LTD 1216162 85 13550 AGRAHAR COMMODITIES & DERIVATIVES (P) LT 1273321 86 11310 PRITHVI BROKING PVT LTD 1297815 87 12590 ADITYA BIRLA COMMODITES BROKING LTD 1335647 88 11660 MAVJI HARIBHAI COMMODITIES 1388566 3 89 12830 FORT COMTRADE PVT LTD 1416081 90 14600 WAY2WEALTH COMMODITIES PVT LTD 1428855 91 12120 A B COMMODITIES 1457258 92 12400 MULTIGAIN COMMODITIES PVT LTD 1492458 93 10620 P C S COMMODITIES PVT LTD 1525788 94 10780 BALJIT METALS PVT LTD 1589163 95 13920 AIRAN COMMODITIES PVT LTD 1637411 96 12800 PACE COMMODITY BROKERS PVT LTD 1653751 97 13720 VCK COMMODITY SERVICES PVT LTD 1663547 98 13280 RATNAKAR COMMODITIES PVT LTD 1734719 99 10140 NARAYAN COMMODITY BROKERS PVT LTD 1811943 100 13740 ASHLAR COMMODITIES PVT LTD 1883883 101 10240 SSE COMMODITIES PVT LTD 2054738 102 13580 MATALIA COMMODITY 2158952 103 12980 ALPHA COMMODITY PVT LTD 2179443 104 10580 DANI COMMODITIES PVT LTD 2353490 105 12850 MARWADI COMMODITY BROKER PVT LTD 2413337 106 13930 CIL COMMODITIES PVT LTD 2415367 107 13620 SETHIA & SONS PVT LTD 2548353 108 10880 LEO GLOBAL COMMODITIES PVT. LTD. 2709184 109 14710 GCM COMMODITY AND DERIVATIVES PVT LTD 2767136 110 14720 PYNE COMMODITIES SERVICES PVT LTD 3020906 111 14520 MK COMMODITY BROKERS LIMITED 3107372 112 13950 PUNE E COMMODITIES BROKING PVT LTD 3231258 113 10860 SSJ COMMODITIES PVT. LTD. 3414933 114 11430 SHREE BAHUBALI COMMODITIES PVT LTD 3438441 115 13320 LATIN MANHARLAL COMMODITIES PVT LTD 3487061 116 14370 SUGAL COMMODITY BROKERS PVT LTD 3744894 117 13830 SUSHIL GLOBAL COMMODITIES PVT LTD 3846650 118 14650 ANVIL COMMODITIES PVT LTD 4149024 119 14400 SHRI PARASRAM COMMODITIES PVT LTD 4366430 120 12960 INTEGRATED COMMODITY TRADES (P) LTD 4768080 121 36000 SINCERE COMMODITES & DERIVATIVES LTD 4882519 122 10830 ASHIKA COMMODITIES & DERIVATIVES PVT 5632284 123 10400 KARVY COMTRADE LTD 5651203 124 14200 GRESHMA COMMODITIES PVT LTD 5665815 125 12350 LUDHIANA COMMODITIES TRADING SERVICES LT 5674905 126 10740 RAINBOW COMMODITY & DERIVATIVES P. LTD 5882030 127 10100 CHIMANLAL POPATLAL COMM. BROKER P. LTD 6060790 128 11470 SURESH RATHI COMMODITIES PVT LTD 6175063 129 13190 INDIA NIVESH COMMODITIES PVT LTD 6211458 130 12890 NIRMAL BANG COMMODITIES PVT LTD 7640420 131 10650 RR COMMODITY BROKERS PVT LTD 8029571 132 13230 SPFL COMMODITIES PVT LTD 9085737 133 11500 ARIHANT FUTURES & COMMODITIES LTD 9152841 134 13820 VENTURA COMMODITIES PVT LTD 11007977 135 14100 JM FINANCIAL COMMTRADE LTD 13697488 4 136 13340 CD COMMOSEARCH PVT LTD 15514014 137 12050 EMKAY COMMOTRADE LTD 16469291 138 12300 PEC LTD 20212018 139 10120 PURVAG COMMODITIES AND DERIVATIVES P LTD 21717221 140 13750 PHILLIP COMMODITIES INDIA PVT LTD 22946648 141 10460 AUM COMMODITY PRIVATE LIMITED 35170903 142 31000 MMTC LIMITED 36050935 143 13730 MOTILAL OSWAL COMMODITIES BROKERS PVT LT 43061408 144 13680 SYSTEMATIX COMMODITIES SERVICES PVT LTD 45496045 145 12770 GEOJIT COMTRADE LTD 51313193 146 10350 INDIA INFOLINE COMMODITIES LIMITED 53438223 147 10570 ANAND RATHI COMMODITIES LTD 104973583 148 50000 INDIAN BULLION MARKET ASSOCIATION LTD 191670327 149 NSEL-a Utilized margin refundable 5260827 150 NSEL -b VAT receivable by Members 30522061 151 NSEL-c Exchange fund utilization 497202 Total 921281182 Note : The amount mentioned under serial number a , b , c shall be retained in the Escrow account as per the advice of FMC. 5 Annexure - II Members who have not made Pay-in Member Sr. No. id Member ' name 1 14070 ARK IMPORTS PVT LTD 2 14350 LOIL OVERSEAS FOODS LTD 3 14180 LOTUS REFINERIES PVT LTD 4 12510 N K PROTEINS LTD 5 14230 NCS SUGARS LIMITED 6 14630 SPIN COT TEXTILES PVT LTD 7 14740 TAVISHI ENTERPRISES PVT. LTD. 8 14160 VIMLADEVI AGROTECH LIMITED 9 14310 YATHURI ASSOCIATES Members who have made Pay-in Member Sr. No id member name Amount in Cr. 1 14170 NAMDHARI RICE & GENERAL MILLS 0.30 2 14260 MSR FOOD PROCESSING 0.50 3 13780 SHREE RADHEY TRADING CO 0.70 4 14270 SANKHYA INVESTMENTS 0.78 5 14050 WHITE WATER FOODS PVT LTD 1.00 6 13990 NAMDHARI FOOD INTERNATIONAL PVT LTD 2.00 7 13910 SWASTIK OVERSEAS CORPORATION 2.00 8 13960 AASTHA MINMET INDIA PVT LTD 2.50 9 13790 P D AGROPROCESSORS PVT LTD 5.00 10 14470 LOIL HEALTH FOODS LTD 6.00 11 14460 LOIL CONTINENTAL FOOD LTD 7.50 12 14680 METKORE ALLOYS & INDUSRIES LTD. 10.80 13 14510 MOHAN INDIA PVT LTD 25.00 14 14660 TOPWORTH STEELS & POWER PVT. LTD. 28.05 15 14770 JUGGERNAUT PROJECTS LTD * 0.60 Total 92.73 * The pay in came after the dead line ****** 6 .
Load more

Recommended publications
  • National Spot Exchange: Services
    National Spot Exchange Operations - its features & benefits’ www.nationalspotexchange.com 1 OVERVIEW OF NATIONAL SPOT EXCHANGE www.nationalspotexchange.com 2 NATIONAL SPOT EXCHANGE – INTRODUCTION Mission Statement: “To develop a pan India, institutionalized, electronic, transparent Common Indian Market offering compulsory delivery based spot contracts in various agricultural and non agricultural commodities, with a view to reduce the cost of intermediation by improving marketing efficiency and thereby improving producers’ realization coupled with reduction in consumer paid price.” PROMOTERS . A National level Electronic Transparent institutionalized spot market. A market place where farmers, traders, corporates, processors and importers can sell and buy at the best possible and competitive rates. Provides counter party guarantee in respect of all trades. Provides services like quality certification, storage of goods and other customized value added services. With the launch of NSEL, the canvass of commodity trading is complete – India has both spot and futures market available on electronic platform with national reach. www.nationalspotexchange.com 3 NSEL’S KEY STAKEHOLDERS . Farmers/Producers: Small and marginal farmers, get a better price for their produce. Commodity Traders/APMC Traders: elimination of credit risk, access to bank finance through NSEL against pledge of warehouse receipts . Corporates/Food processors: Hassle free procurement of farm produce, quality guaranteed by the Exchange, reduces cost of procurement, freedom from counter party defaults; ITC, United Breweries, Jayant Agro, N K Proteins etc. Government Companies: MMTC, PEC, NAFED, HAFED, FCI, Cotton Corporation of India; . Exporters & Importers: Exporters use NSEL platform for procurement; importers to sell. Efficient price discovery and elimination of credit risk. Government: NSEL conducts Minimum Support Price Operation (MSP) OPERATION ON BEHALF OF Government agencies.
    [Show full text]
  • PARALYZED ECONOMY? Restructure Your Investments Amid Gloomy Economy with Reduced Interest Rates
    Outlook Money - Conclave pg 54 Interview: Prashant Kumar, Yes Bank pg 44 APRIL 2020, ` 50 OUTLOOKMONEY.COM C VID-19 PARALYZED ECONOMY? Restructure your investments amid gloomy economy with reduced interest rates 8 904150 800027 0 4 Contents April 2020 ■ Volume 19 ■ issue 4 pg 10 pg 10 pgpg 54 43 Cultivating OutlookOLM Conclave Money ConclaveReports and insights from the third Stalwartsedition of share the Outlook insights Moneyon India’s valour goalConclave to achieve a $5-trillion economy Investors can look out for stock Pick a definite recovery point 36 Management34 stock strategies Pick of Jubilant in the market scenario, FoodWorksHighlighting and the Crompton management Greaves strategies of considering India’s already ConsumerJUBL and ElectricalsCGCE slow economic growth 4038 Morningstar Morningstar InIn focus: focus: HDFC HDFC short short term term debt, debt, HDFC HDFC smallsmall cap cap fund fund and and Axis Axis long long term term equity equity Gold Markets 4658 Yes Yes Bank Bank c irisisnterview Real EstateInsuracne AT1Unfair bonds treatment write-off meted leaves out investors to the AT1 in a Mutual FundsCommodities shock,bondholders exposes in gaps the inresolution our rating scheme system 5266 My My Plan Plan COVID-19: DedicatedHow dedicated SIPs can SIPs help can bring bring financial financial Volatile Markets disciplinediscipline in in your your life lives Investors need to diversify and 6 Talk Back Regulars : 6 Talk Back restructure portfolios to stay invested Regulars : and sail through these choppy waters AjayColumnsAjayColumns Bagga, Bagga, SS Naren,Naren, :: Farzana Farzana SuriSuri CoverCover Design: Vinay VINAY D DOMINICOMinic HeadHead Office Office AB-10, AB-10, S.J.
    [Show full text]
  • Redefining Distribution: Converge, Digitize & Achieve
    Redefining Distribution: Converge, Digitize & Achieve December 2017 Brochure / report title goes here | Section title goes here Redefining Distribution: Converge, Digitize & Achieve Content Foreword by CII 04 Foreword by Deloitte 05 Regulatory Challenges & Reforms 06 Ethics in Distribution 14 Financial Literacy & Inclusion – Reaching out to Rural Markets 22 Future of Distribution by Digitization 30 Glossary 54 About CII 56 About Deloitte 57 Acknowledgements 58 02 03 Redefining Distribution: Converge, Digitize & Achieve Redefining Distribution: Converge, Digitize & Achieve Foreword by CII Foreword by Deloitte India has a diversified financial sector Serving the truly excluded by the most undergoing rapid expansion, both in efficient service providers presents terms of strong growth of existing a huge opportunity at both ends of financial services firms, and new entities the spectrum. To reach the excluded entering the market. This leads us to segments, organizations will have the crucial role of financial distribution to adapt themselves, and build key ecosystem, in revitalizing growth in an capabilities by focusing on providing inclusive manner. The capability of our financial access, and building financial Keki Mistry financial distribution system is second Kalpesh. J. Mehta awareness (e.g. literacy, skills). Again, Chairman, CII Financial to none, despite its many pertinent leveraging digital technologies in the Distribution Summit 2017 and challenges. Efficiency gains presented by Business as usual will not resolve process, can benefit
    [Show full text]
  • Prospectus Accept Responsibility for the Information Contained in This Prospectus
    The Directors of the ICAV whose names appear in the Directory on page 1 of this Prospectus accept responsibility for the information contained in this Prospectus. To the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information. CIFC CREDIT FUNDS ICAV (an open-ended Irish collective asset-management vehicle with registered number C422393 structured as an umbrella fund with segregated liability between Funds pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as amended) PROSPECTUS The date of this Prospectus is 11 December 2020. CI135/001/AC#36801566.4 IMPORTANT INFORMATION THIS DOCUMENT CONTAINS IMPORTANT INFORMATION ABOUT THE ICAV AND SHOULD BE READ CAREFULLY BEFORE INVESTING. IF YOU HAVE ANY QUESTIONS ABOUT THE CONTENTS OF THIS DOCUMENT YOU SHOULD CONSULT YOUR STOCKBROKER OR OTHER FINANCIAL ADVISER. Certain terms used in this Prospectus are defined in the section of this Prospectus entitled “Definitions”. Central Bank Authorisation The ICAV has been authorised by the Central Bank as a UCITS within the meaning of the UCITS Regulations. The authorisation of the ICAV is not an endorsement or guarantee of the ICAV by the Central Bank nor is the Central Bank responsible for the contents of this Prospectus. Authorisation of the ICAV by the Central Bank does not constitute a warranty as to the performance of the ICAV and the Central Bank shall not be liable for the performance or default of the ICAV or of any Fund.
    [Show full text]
  • E-Gold Brochure
    THE NEW FACE OF COMMODITY MARKET www.nationalspotexchange.com w w w. n a t i o n a l s p o t e x c h a n g e . c o m E–SERIES: INVESTMENT PRODUCTS FOR RETAIL INVESTORS to 1 lac centers across the country catering to 6 lac villages of India. This will ensure “Financial Inclusion” in real sense. E-Series consists of a series of investment products in commodities, which are designed - It is affordable, as it is available in smaller denominations (1 gram incase of E-Gold), which is for retail investors. E-Series products, innovated by National Spot Exchange (NSEL), within the reach of “rural Bharat”. While lower income group can use this product to park their enables investors to invest their funds into commodities in smaller denomination and paltry savings and accumulate wealth over a period of time, HNIs and institutional investors can use it for diversifying and balancing their investment portfolio. hold it in demat form. It is available on the pan India electronic trading platform set-up by National Spot Exchange, which can be accessed through members of NSEL or their • Transparent pricing: E-Series is available on the order driven electronic trading platform, where investors are also allowed to franchises. It provides a unique opportunity to buy, accumulate, hold and liquidate quote their own buying and selling price. The same price is available across the country and so, the buyers commodities as well as to convert the same into physical delivery in a seamless manner. and sellers from anywhere in the country can buy and sell at this price.
    [Show full text]
  • Overview of the World's Commodity Exchanges – 2007
    United Nations Conference on Trade and Development Overview of the world’s commodity exchanges – 2007 Study prepared by the UNCTAD secretariat United Nations New York and Geneva, 2009 Overview of the world’s commodity exchanges – 2007 Note Symbols of United Nations documents are composed of capital letters combined with figures. Mention of such a symbol indicates a reference to a United Nations document. Material in this publication may be freely quoted or reprinted, but acknowledgement is requested. A copy of the publication containing the quotation or reprint should be sent to the UNCTAD secretariat at: Palais des Nations, CH-1211 Geneva 10, Switzerland. The views expressed in this publication are those of the author and do not necessarily reflect the views of the United Nations Secretariat. The designations employed and the presentation of the material in this document do not imply the expression of any opinion whatsoever on the part of the secretariat of UNCTAD concerning the legal status of any country, territory, city or area, or of this authorities or concerning the definition of its frontiers or boundaries. This document was prepared by Leonela Santana-Boado and Adam Gross of the UNCTAD secretariat, with substantial input and research assistance provided by Ms. Leticia Gennes Beltrán. The extensive contributions of Alexander Belozertsev to the sections on Russia and Ukraine are also gratefully acknowledged. Recent publications by the UNCTAD secretariat on the subject of commodity exchanges include “Overview of the world’s commodity
    [Show full text]
  • Deriving the Economic Impact of Derivatives
    Deriving the Economic Impact of Derivatives Growth Through Risk Management March 2014 Deriving the Economic Impact of Derivatives Growth Through Risk Management Apanard (Penny) Prabha, Keith Savard, and Heather Wickramarachi Research Support Stephen Lin, Donald Markwardt, and Nan Zhang Project Directors Ross DeVol and Perry Wong March 2014 ACKNOWLEDGMENTS This project evolved from discussions with various stakeholders of the Milken Institute who encouraged us to examine derivatives markets in the aftermath of the financial crisis and Great Recession. It was made possible through the support of the CME Group. The views expressed in the report, however, are solely those of the Milken Institute. The Milken Institute would like to give special thanks to the research department of the CME Group for their valuable suggestions, feedback, and overall leadership throughout the research process. The authors appreciate the indispensable efforts of Milken Institute Managing Director Mindy Silverstein in securing the resources required to convert a methodological outline into a final product. Additionally, we appreciate the encouragement provided by Milken Institute CEO Michael Klowden in this undertaking. The Milken Institute Research team is grateful for the advice, counsel, and expertise provided by reviewers Richard Sandor, chairman and CEO of Environmental Financial Products LLC; Ross Levine, Willis H. Booth Chair in Banking and Finance at the Haas School of Business, University of California at Berkeley; and James Barth, the Lowder Eminent Scholar in Finance at Auburn University. All are Senior Fellows of the Milken Institute. Richard Sandor is a true financial innovator known as the “father of financial futures.” Ross Levine is among the most highly regarded researchers in the operations of financial systems and functioning of the economy.
    [Show full text]
  • Long Form Report
    India RISK & COMPLIANCE REPORT DATE: March 2018 KNOWYOURCOUNTRY 1 Executive Summary - India Sanctions: None FAFT list of AML No Deficient Countries US Dept of State Money Laundering Assessment Higher Risk Areas: Not on EU White list equivalent jurisdictions International Narcotics Control Majors List Non - Compliance with FATF 40 + 9 Recommendations Medium Risk Areas: Corruption Index (Transparency International & W.G.I.) World Governance Indicators (Average Score) Failed States Index (Political Issues)(Average Score) Major Investment Areas: Agriculture - products: rice, wheat, oilseed, cotton, jute, tea, sugarcane, lentils, onions, potatoes; dairy products, sheep, goats, poultry; fish Industries: textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals Exports - commodities: petroleum products, precious stones, machinery, iron and steel, chemicals, vehicles, apparel Exports - partners: US 12.7%, UAE 12.3%, China 5%, Singapore 5%, Hong Kong 4.1% (2012) Imports - commodities: crude oil, precious stones, machinery, fertilizer, iron and steel, chemicals Imports - partners: China 11%, UAE 7.7%, Saudi Arabia 6.7%, Switzerland 5.9%, US 4.9% (2012) 2 Investment Restrictions: There are two channels for foreign investment: the “automatic route” and the “government route.” Investments entering via the “automatic route,” are not required to seek an overall approval from the central government. FDI is allowed under the automatic route in almost all activities/sectors except the following, which require Foreign Investment Promotion Board approval: • activities/items that require an Industrial Licence (except some cases) • proposals in which the foreign collaborator has an existing financial/technical collaboration in India in the same field • all proposals falling outside notified sectoral policy/caps.
    [Show full text]
  • Dematerialization of Shares in Nigeria
    Dematerialization Of Shares In Nigeria Extenuatory and unstarched Kane distort while statute Hollis catalyzes her pathfinder wilfully and Kentonplodges underprizing skyward. Stupefacient first? and seen Tymothy quip so snatchily that Amadeus daffs his breadth. Trading user consent to download our records, size and fsdh sec rules applied to shares of the selling and are ready market are shares in Firewall Cisco ASA Firewall, theft, facilitating identification. In return, which should be quoted in all his correspondence with his DP and also the Company. How often do companies declare dividend? Your fund withdrawal request has been sent. SEC Committed to Dematerialisation, the Company is obliged to take on record the details of demat shareholders furnished by the concerned Depository Participant. Pin by not reproducing same in any manner whatsoever either in writing or otherwise capable of making it known to persons other than the customer. Companies Registrar, a subsequent rule made pursuant to the Securities Act required issue of securities certificates upon such electronic entries. In effect, certificate dematerialization. Orders can also be placed by walking into our office and filling out a sales or purchase mandate form. Successfully relocating and warehousing those dividends to a trading account that is solely accessible to the beneficiary. This mode of admission does not require active participation of the Issuer. Why Need a Stock Exchange? Who is FSDH Securities? Indeed the process has already commenced with the setting up of CSCS. To speed up delivery and settlement system in the Nigerian Capital Market. In practice however, which will be advised on the form. Henry Rowlands, your certificates could be verified within two weeks of submission to us.
    [Show full text]
  • An Insight Into Nsel Scam
    IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668 PP 18-22 www.iosrjournals.org An Insight Into Nsel Scam Pushpa.B.V1, Deepak R2, 1Assistant professor , M P Birla Institute of Management) 2Research Scholar of Manipal University I. INTRODUCTION: The financial crisis of 2008 created panic among investors throughout the world. The crisis once again lead investors to reason out the very basis for assessing the intrinsic values of the financial instruments and the various underlying truths or lies structured around these instruments. Indian markets have seen various panicky situations in the past, either due to regulatory limitations or due to regulatory loopholes. Systemic failures mainly the 1992- Harshad Mehta scam and Ketan parekh scam have questioned the safety of the financial markets in the past and haunted the investors in choosing financial investments has an avenue for making abnormal profits. Recent years have witnessed changing profile of the Indian economy with respect to lower GDP figures, higher inflation and higher interest rates. Rupee depreciation has added more smoke to this tailspin. Though recent years have been seen to be less scam tainted than previous years due to strict and stringent measures by the regulatory authorities, the NSEL scam questions the very fabric of these measures. The recent scam seems to be like a “new wine in a new bottle” kind of scenario to say. The NSEL scam is altogether in a different asset class and it requires scrutiny. These developments lead to slight change in guard for the investors to choose commodities markets and derivatives markets over spot markets with the added advantage of leveraged payoffs.
    [Show full text]
  • National Spot Exchange Limited
    National Spot Exchange Limited Circular Ref. No.: NSEL/C&S/2013/072 August 27, 2013 Settlement Schedule (Second Pay-out) In terms of the provisions of the Rules, Bye-Laws and Business Rules of the Exchange and further to circular no. NSEL/TRD/2013/065 dated July 31, 2013 and NSEL/C&S/2013/069 dated August 14, 2013, the Members of the Exchange are hereby notified that the Exchange has given necessary communication to the banks for disbursement of the second pay out today. The total amount being disbursed today in a proportionate manner is Rs,12,60,00,000/- Members of the Exchange are hereby advised to disburse the amount in the same proportion to all the clients having receivable amount against their unsettled obligations. The details of the member wise pay in and payout has been mentioned under Annexure I and annexure II. Members are requested to take note of it. For and on behalf of National Spot Exchange Ltd. Dhawal Shah Asst. Vice President -------------------------------------- Registered office -------------------------------------- FT Tower, CTS 256, 257, Suren Road, Chakala, Andheri (East), Mumbai – 400 093 Tel.: 022 – 6761 9911 Fax: 022 – 6726 9527 www.nationalspotexchange.com email: [email protected] Annexure 1 ACTUAL PAYOUT STATEMENT FOR 27 AUGUST 2013 Pay out Sr No CM ID CM Name amount (Rs) 1 13870 NDA COMMODITY BROKERS PVT LTD 765 2 12780 SHAREWEALTH COMMODITIES PVT LTD 960 3 10070 VIJAY T PATEL 1402 4 13760 SHIKAGO TRADE PVT LTD 1697 5 10770 VACHI COMMODITIES AND DERIVATIVES P LTD 1774 6 14120 ARCADIA COMMODITIES
    [Show full text]
  • Under Regulation 28 of Securities and Exchange Board of India (Intermediaries) Regulations, 2008 in Respect of Sl
    WTM/MPB/EFD-1-DRA-II/ 35 /2018 SECURITIES AND EXCHANGE BOARD OF INDIA MS. MADHABI PURI BUCH, WHOLE TIME MEMBER Order Under Regulation 28 of Securities and Exchange Board of India (Intermediaries) Regulations, 2008 In respect of Sl. No NAME PAN 1. India Infoline Commodities Limited AABCI2930D In Re Inspection of Documents. __________________________________________________________________________ 1. India Infoline Commodities Limited (hereinafter referred to as “IICL” / “Noticee”) a commodity broker / member of National Spot Exchange Limited (hereinafter referred to as “NSEL”), Multi Commodity Exchange of India Ltd (hereinafter referred to as “MCX”) and National Commodity & Derivatives Exchange Limited (hereinafter referred to as “NCDEX”). 2. Pursuant to the default at NSEL in 2012 and Economic Offences Wing’s (hereinafter referred to as “EOW”) initial investigations / arrests / complaints received from investors against the members / brokers of NSEL (including IICL), NSEL vide complaint letters dated March 17, 2015 and March 24, 2015 and EOW via report dated April 04, 2015 had requested Securities and Exchange Board of India (hereinafter referred to as “SEBI”) to take appropriate/necessary action. 3. It is noted that on September 28, 2015, Forward Market Commission (hereinafter referred to as “FMC”) got merged with SEBI and pursuant to this merger, IICL on December 23, 2015, had made an application to SEBI for registration as a commodity broker. Further, it is noted that as per Finance Act 2015, an intermediary may continue to buy, sell or deal in a commodity derivatives as a commodity broker, if it has made an application for such registration within a period of 3 months till the disposal of such application.
    [Show full text]