FMC issues 'not fit & proper' notice to Universal Commodity Exchange promoter and MDThe notices have been issued after the auditing firm KPMG, which conducted forensic audit of the UCX, found several irregularities.
KPMG to do forensic audit of UCX; submit report in 6 weeks: FMCFMC said KPMG has been appointed to conduct a forensic audit of the UCX after it found that its promoter allegedly siphoned off funds from ...
Forward Markets Commission ropes in KPMG for forensic audit of Universal Commodity ExchangeEarlier this year, Universal Commodity Exchange (UCX) had decided to temporarily suspend trading following directions by the regulator.
ICEX weighs UCX proposal for buyoutDecade-old commodity futures market might witness consolidation for the first time with Indian Commodity Exchange.
- Universal Commodity Exchange goes live
Universal Commodity Exchange (UCX) today became the country's sixth commodity exchange to launch futures trading.
- Ketan Sheth's promoted UCX gets Consumers Affairs Ministry's approval
Universal Commodity Exchange (UCX), promoted by IT professional Ketan Sheth, has got recognition from the Central government.
- Universal Commodity Exchange seeks FMC nod to start operations
Ramesh Abhishek, chairman, FMC, confirmed having received an application from UCX. "They (UCX) have informed us about having met the equity...
- Nabard buys 16% in Universal Commodity Exchange for 16 crore
National Bank for Agriculture and Rural Development has bought a 16% stake in the upcoming Universal Commodity Exchange for 16 cr.
- Commex tech looks to sell up to 10% in UCX to SBI
Oman Investment Fund recently received the FIPB approval to pick up 5% in the bourse for 13.75 crore at a premium of 17.5 per share.
- Govt gives nod to Oman Investment Fund to buy 5% stake in UCX
The govt has given nod to the Oman Investment Fund (OIF) to buy five per cent stake in the UCX, a national level commodity exchange in the ...
- REC close to buying 16% in UCX for Rs 16 crore
Rural Electrification Corporation is close to buying 16% in upcoming commodity futures bourse Universal Commodity Exchange for Rs 16 crore.
- Oman Investment Fund seeks government nod for UCX stake buy
Oman Investment Fund (OIF)has filed a fresh application with the government to buy a stake in Universal Commodity Exchange.
- UCX asks for more time to offload its equity
Ketan Sheth, the promoter of the sixth national commodity exchange, UCX, has asked the Forward Markets Commission (FMC) for six months more...
- IDBI bank buys 10% in UCX for Rs 10 crore
IDBI Bank is a promoter of leading stock bourse National Stock Exchange, and the country's top depository, National Securities Depository L...
- Oman Investment Fund likely to buy 5% in UCX
Oman Investment Fund , owned by the Omani govt, may buy close to 5% in Universal Commodity Exchange, making it the first investment by an S...
- Dutch giant Rabobank buys 5% stake in UCX
After Goldman Sachs and Merrill Lynch, Dutch financial services group Rabobank is entering the Indian commodity futures market.
- UCX gets FMC nod to go live; final approval likely soon
Universal Commodity Exchange has got the commodity market regulator FMC’s approval for going live, becoming the sixth national commex to go...