Last Updated :
10 February 2010 at 16:05 IST
NCDEX not under RTI Act: CIC
NEW DELHI (Commodity Online): Since India’s National Commodity and Derivatives Exchange Ltd (NCDEX) is not being funded directly or indirectly by the government, the firm does not come under the RIT Act, said the Central Information Commission.
While delivering an order over the request of an applicant seeking details of some records from the exchange, the Information Commissioner, M L Sharma held that the NCDEX does not receive any direct or indirect funding by the government, one of the mandatory requirements to bring an organization under the RTI.
“Despite the fact that 46 per cent of the equity capital of NCEDX is held by public sector undertakings, NCDEX cannot be said to be ‘public authority’ as there is no direct or indirect funding by an ‘appropriate government’.
“We, therefore, hold that NCEDX is not a public authority and is, therefore, not liable to provide any information...under the RTI Act, Sharma said.
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