Circular no.: MCX/T&S/041/2012 January 30, 2012
In terms of provisions of the Rules, Bye -Laws and Business Rules of the Exchange and in partial modification of the circular no. MCX/T&S/032/2012 dated January 24, 2012; the Members of the Exchange are notified as under:
FMC vide its Orders dated January 27, 2012 has partially modified the operative part of the Orders dated January 20, 2012 against M/s Shresth Commodities & Financial Services Pvt Ltd. and Vinod Commodities Ltd.
Accordingly, the paragraph 1. (ii) and 2. (ii) of Exchange circular no. MCX/T&S/032/2012 dated January 24, 2012 shall be read as follows:
1. Shresth Commodities & Financial Services Pvt Ltd.
(ii) Shri Subhash Jain, Director of M/s Shresth Commodities & Financial Services Pvt Ltd is hereby prohibited from entering into any forward contract for sale or purchase in his own name or through another member of recognised association of any goods or class of goods for a period of six months from the date of the order i.e. from 20.01.2012.
2. Vinod Commodities Ltd.
(ii) Shri Vinod Singhvi, Director of M/s. Vinod Commodities Ltd is hereby prohibited from entering into any forward contract for sale or purchase in his own name or through another member of recognised association of any goods or class of goods for a period of one year from the date of the order i.e. from 20.01.2012.
All the members are advised to take a note of the above Order of the Commission and ensure strict compliance thereof.
M Ramalingam
Vice President
Kindly contact Mr. Dhawal Shah on 022 - 6649 4000 or send an email at customersupport@mcxindia.com for further clarification.
