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Sebi allows ICEX to voluntarily exit market
January 03, 2025
|The New Indian Express Thrissur
CLOSE to two years after the Indian Commodity Exchange (ICEX) had requested the Securities and Exchange Board (Sebi) to voluntarily surrender its licence and recognition, the regulator has accepted the same.
In a notification on Thursday, the regulator said it has accepted the request, made in February 2023, with effect from December 26, permitting it exchange to stop functioning as a stock exchange. The Sebi had passed the order on December 10, 2024, it said in a statement.
The Sebi has also asked ICEX to change its name and not retain 'exchange' or any variant in the name if it plans to continue as a corporate entity. In May 2023, its shareholders had approved a voluntary surrender of its recognition.
هذه القصة من طبعة January 03, 2025 من The New Indian Express Thrissur.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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