SEBI, the market regulator, announced that it had revoked the Indian Commodity Exchange Limited’s (ICEX) recognition. The bourse’s recognition was revoked after Sebi issued an order declaring it non-compliant on many grounds, including net worth and infrastructure criteria. As a result of the withdrawal, ICEX has been directed to transfer the funds in its Investor Protection Fund and Investor Services Fund to the Investor Protection and Education Fund of Sebi.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
KEY POINTS:
Important Takeaways for All Competitive Exams:
Asia is home to some of the world’s fastest-growing economies and wealthiest nations. Each country’s…
Krishna Janmashtami is one of the most loved and important festivals in Hinduism, marking the…
India’s independence was achieved through the sacrifice of many brave hearts, including those whose names…
The Qutab Minar, a famous symbol of India’s history, rises high in Delhi and is…
The Red Fort in Delhi is one of India’s most famous monuments and a symbol…
India’s freedom struggle was shaped not only by famous leaders but also by many unsung…