1. Home
  2.  |  
  3. News Capsule  |  

Satyananda Mishra appointed as Chairman of Multi Commodity Exchange (MCX)

Nov 30, 2013 15:51 IST

Multi Commodity Exchange of India Ltd on 27 November 2013 appointed Satyananda Mishra as the chairman of MCX’s board.
Market Regulatory authority, the Forward Markets Commission (FMC) also approved the appointment of Satyananda Mishra as the independent Director of MCX's board for a period up to 31 March 2016.

The previous chairman of MCX, Venkat Chary, resigned in August 2013 due to the new guidelines of Forward Markets Commission (FMC). The FMC new guidelines stated that the age limit of people on the board should not be more than 70 years.

About Satyananda Misra

Satyananda Mishra is a retired Indian Administrative Services officer (1973 Batch) and has acted as a Chief Information Commissioner from December 2010 to September 2013. He was also Secretary, Department of Personnel & Training (DoPT).

About Multi Commodity Exchange

The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity futures exchange that facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management.

The Multi Commodity Exchange, which started operations in November 2003, operates within the regulatory framework of the Forward Contracts Regulation Act, 1952 (FCRA, 1952).

If you have any Question/Point on the above information, please ask/discuss it in the Current Affairs Group

Is this article important for exams ? Yes36 People Agreed
Read more Current Affairs on: Multi Commodity Exchange (MCX)

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK