Multi Commodity Ex - Clarification - Approval for launch calendar of contracts
expiring in the year 2014 onwards - regarding
09/09/2014 15:27
With reference to the earlier announcement regarding Approval for launch calendar of contracts expiring in the year 2014 onwards - regarding FMC letter dated September 05, 2014, Multi Commodity Exchange of India Ltd has Clarified to BSE as under:
"a) We have again requested FTIL on September 05, 2014 to indicate the exact date by which they will be divesting the remaining 15% stake in MCX. They are yet to give a firm date by which they will be fully divesting their stake in MCX.
b) The findings of the earlier Oversight Committee are already addressed and informed to FMC. As desired by them, the same will be reviewed by our Audit Committee of the Company this week.
c) Most of the observations of the PwC report are already addressed and updated to FMC from time to time. The latest status is being reviewed by the Oversight Committee of the Company within this week and FMC will be updated thereafter.
We are hopeful that the issues raised by FMC will be addressed by September 30, 2014 and the approval of FMC will be received shortly."
09/09/2014 15:27
With reference to the earlier announcement regarding Approval for launch calendar of contracts expiring in the year 2014 onwards - regarding FMC letter dated September 05, 2014, Multi Commodity Exchange of India Ltd has Clarified to BSE as under:
"a) We have again requested FTIL on September 05, 2014 to indicate the exact date by which they will be divesting the remaining 15% stake in MCX. They are yet to give a firm date by which they will be fully divesting their stake in MCX.
b) The findings of the earlier Oversight Committee are already addressed and informed to FMC. As desired by them, the same will be reviewed by our Audit Committee of the Company this week.
c) Most of the observations of the PwC report are already addressed and updated to FMC from time to time. The latest status is being reviewed by the Oversight Committee of the Company within this week and FMC will be updated thereafter.
We are hopeful that the issues raised by FMC will be addressed by September 30, 2014 and the approval of FMC will be received shortly."
