November 2003: Jignesh Shah enters into the business of commodity futures markets and commences MCX operations.
October 2008: FTIL subsidiary National Spot Exhange Ltd (NSEL), which is facing Rs 5,600 crore payment crisis, commenced live spot trading in commodities.
May 2012: The Consumer Affairs Ministry issued show cause notice to NSEL saying that the spot contracts allowed on the bourse violated forward contract law.
July 31, 2013: After government order, NSEL suspends most spot trading contracts in view of violation of certain regulatory norms.
August 6, 2013: Government bans trading in e-series contracts on NSEL, resulting into the complete halt of trading at the exchange.
August 15, 2013: NSEL submits 33-week settlement plan to regulator Forward Markets Commission (FMC).
August 20, 2013: NSEL defaults the first settlement and sacks exchange CEO & MD Anjani Sinha.
September 2013: Finance Ministry took over regulation of commodity futures markets from the Consumers Affairs Ministry after the payment crisis surfaced at NSEL.
October 9, 2013: NSEL Vice-President Business Development Amit Mukherjee arrested, the first arrest in the scam.
October 10, 2013: Jignesh Shah resigns as Vice Chairman and Shareholder Director of another group exchange MCX-SX.
October 17, 2013: Arrest of NSEL former MD and CEO Anjani Sinha.
October 31, 2013: Jignesh Shah resigns as Chairman of MCX.
December 17, 2013: Regulator FMC declares Jignesh Shah and FTIL as unfit to run any exchanges and orderd FTIL to reduce its stake in MCX from 26 percent to 2 percent.
December 20, 2013: FTIL moves High Court against the FMC order.
March 13, 2014: CBI files case against NSEL, questions Jignesh Shah for the whole day.
May 7, 2014: Mumbai Police arrests Jignesh Shah .
Anda sedang membaca artikel tentang
Timeline: Rise and fall of Jignesh Shah
Dengan url
https://citraasa.blogspot.com/2014/05/timeline-rise-and-fall-of-jignesh-shah.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Timeline: Rise and fall of Jignesh Shah
namun jangan lupa untuk meletakkan link
Timeline: Rise and fall of Jignesh Shah
sebagai sumbernya
0 komentar:
Posting Komentar