When did SEBI merged with FMC?
28 September 2015
On 28 September 2015 the FMC was merged with the Securities and Exchange Board of India (SEBI) to make the regulation of commodity futures market strong.
Is FMC merged with SEBI?
The commodities regulator Forward Markets Commission (FMC) formally merged with the securities market regulator SEBI in Mumbai today. Striking the gong at 10 am sharp to announce the merger, Union Finance Minister Arun Jaitley said:“These are crucial and critical times for India.
What is FMC in banking?
Headquartered in Mumbai, FMC is a regulatory authority for commodity futures market in India. FMC is the chief regulator of forward and futures markets in India. FMC comes under the Ministry of Consumer Affairs, Food and Public Distribution because futures traded in India are traditionally in food commodities.
Does Sebi regulate MCX?
It was the first-ever IPO by an Indian exchange and made MCX India’s only publicly listed exchange. From 28 September 2015, MCX is being regulated by the Securities and Exchange Board of India (SEBI).
What is the full form of MCX?
Introduction to Multi Commodity Exchange (MCX) Multi Commodity Exchange (MCX) is an exchange where commodities like crude oil, lead, gold, etc are traded..
Which is the regulator of commodity market?
Forward Market Commission
Forward Market Commission Forward Markets Commission (FMC) headquartered at Mumbai, is a regulatory authority for Commodity Markets in India. Its Headquarters are located at Mumbai. It’s a statutory body.
What is the full form of FMC?
FMC Full Form
| Full Form | Category | Term |
|---|---|---|
| Facility Management Corporation | Business Management | FMC |
| Fully Mission-capable | Military and Defence | FMC |
| Federal Manufacturers Code | Military and Defence | FMC |
| Field Medical Card | Military and Defence | FMC |
What is FMC?
Fixed-mobile convergence (FMC) is the trend towards seamless connectivity between fixed and wireless telecommunications networks. In the more immediate future, FMC means that a single device can connect through and be switched between wired and wireless networks.
Who is the boss of SEBI?
Shri AJAY TYAGI
Organisation Structure
| Shri AJAY TYAGI Chairman, SEBI [email protected] | |
|---|---|
| Shri G. MAHALINGAM Whole-Time Member, SEBI [email protected] Section 4(1)(d) of the SEBI Act, 1992 | Shri Ananta Barua Whole-Time Member, SEBI [email protected] Section 4(1)(d) of the SEBI Act, 1992 |
Why did FMC merged with SEBI?
According to Jaitley, the ultimate objective of merging the commodities regulator Forward Markets Commission (FMC) with the securities market regulator SEBI was to reap the economies of scale and scope of markets which were borderless, global and integrated with each other.
What is Sebi full form?
The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.
What are the functions of FMC?
Functions of FMC
- To advise the central government in respect of the recognition or the withdrawal of recognition from any association.
- To advise the central government in respect of issues arising out of the administration of the Forward Contracts (Regulation) Act 1952.
Who regulates mutual funds in India?
SEBI
As far as mutual funds are concerned, SEBI formulates policies, regulates and supervises mutual funds to protect the interest of the investors. SEBI notified regulations for mutual funds in 1993.
Who is the current chairman of Sebi?
What is price discovery in stock market?
Price discovery is the overall process, whether explicit or inferred, of setting the spot price or the proper price of an asset, security, commodity, or currency. Simply put, it is where a buyer and a seller agree on a price and a transaction occurs.
Who owns SEBI?
Ministry of Finance , Government of India
The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the jurisdiction of Ministry of Finance , Government of India.
Why was SEBI formed?
The Securities and Exchange Board of India (Sebi) is a statutory regulatory body established by the Government of India in 1992 to regulate the securities market in India and protect the interests of investors in securities.
What are the reforms of Sebi?
The Sebi board has rolled out two very significant changes – first, the reduction in lock-in periods for minimum promoters’ contribution and for other shareholders for a public issue; and secondly, shifting from the concept of ‘promoter’ to the concept of ‘person in control’.
Who is the regulatory body for Commdity market?
Securities and Exchange Board of India (SEBI) regulates the commodity derivatives market in India since September 28, 2015.
Is SEBI the only regulator of mutual funds?
As far as mutual funds are concerned, SEBI formulates policies, regulates and supervises mutual funds to protect the interest of the investors. SEBI notified regulations for mutual funds in 1993. Thereafter, mutual funds sponsored by private sector entities were allowed to enter the capital market.