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PR No. 21/2017 EXIT ORDER IN RESPECT OF SPICE & OILSEEDS EXCHANGE LIMITED (SOEL) Whole
PR No. 21/2017 EXIT ORDER IN RESPECT OF SPICE & OILSEEDS EXCHANGE LIMITED (SOEL) Whole

PR No. 21/2017

EXIT ORDER IN RESPECT OF SPICE & OILSEEDS EXCHANGE LIMITED (SOEL)

Whole Time Member, SEBI has passed an Order on April 12, 2017 providing exit to the Spice & Oilseeds Exchange Limited (SOEL). SOEL is the third commodity derivatives Exchange / deemed stock exchange to exit after merger of Forward Markets Commission with SEBI.

SEBI vide Circular dated January 11, 2016 had issued the Guidelines for exit of Commodity Derivatives Exchanges. This contained details of the conditions for exit of non-operational stock exchanges, inter alia, including treatment of assets of non-operational exchanges.

Further, the Income Tax Authorities, Ministry of Finance, Ministry of Corporate Affairs and the State Government of Maharashtra are being intimated about the exit of SOEL, for appropriate action at their end.

The full text of the order is available on the website www.sebi.gov.in

Mumbai

April 17, 2017

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