SEBI Issues Directions to NCDEX Regarding Trading in Mustard Seed Contracts
Moneylife Digital Team 08 October 2021
Market regulator Securities and Exchange Board of India (SEBI) has issued the following directions to National Commodity & Derivatives Exchange Limited (NCDEX) today, in respect of trading in Mustard Seed contracts:
 
 1. No new Mustard Seed contract shall be launched till further orders. 
 2. In respect of running contracts, no new position will be allowed to be taken. Only squaring up of position will be allowed.
 3. These directions will be implemented with immediate effect.
 
SEBI has directed the National Commodity & Derivatives Exchange Limited (NCDEX), not to launch new mustard seed contracts until further notice. It has also said that no new positions will be allowed in respect of running contracts. They can only be squared up. The directions, which have to be implemented immediately, were made public by the regulator this morning.
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Srei Group: Bombay High Court Dismisses Petition against Reserve Bank Action
Moneylife Digital Team 07 October 2021
The Bombay High Court (HC) on Thursday dismissed a petition filed by promoters of Srei group against Reserve Bank of India’s (RBI) decision to supersede the boards of two non-banking finance companies (NBFCs) of the group and...
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