Mumbai: Market Regulator Sebi has canceled PEC registration, a company promoted by the Ministry of Trade registered as a commodity broker, because of trading in Nel before the spot exchanges were asked to stop the operation in August 2013.
In December that year, it was found that the Nel had violated direction Regulations that do not allow short sales on their platforms.
It is also found that the NSEL offers a broker to trade contracts that are for more than 11 days – other rule violations.
Sebi canceled the PEC registration even after that, in return for the notification of the show, said that it was not a party for alleged fraud in the nuc but his victim.
Around Rs 120 Crore is still caused by the partner on the Exchange.
Also, the trade data between 2010 and 2014 shows that the total trading volume in commodities in various commodity exchanges and physical markets, including foreign trade, only about 4% in NSEL.