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In view of request made by statutory auditors as per standard on Auditing SA-560, no reliance may be kept on audited financial statements for FY, 12-13 dated 17-5-2013 in case of National Spot Exchange Limited and dated 16-5-2013 in case of Indian Bullion Markets Association as well.
NSEL welcomes the verdict pronounced by Bombay High Court to appoint a three-member committee in order to ascertain dues and undertake forensic audit of the defaulters ... Read More
The annual report & financial statements of NSEL and IBMA
 
National Spot Exchange Limited (NSEL) is the national –level, institutionalized, electronic, transparent spot trading platform for commodities. It is a structured market place, set-up to transform the commodity market by way of reducing the cost of intermediation and thereby improving marketing efficiency. Its state-of-the-art technology facilitates risk free and hassle free purchase and sale of various commodities. NSEL provides customized solution to farmers, traders, processors, exporters, importers, arbitrageurs, investors and other stakeholders pertaining to commodity procurement, storage, marketing, warehouse receipt financing, etc.
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NSEL Recovery Group
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Stronger action needed to secure conviction of defaulters
Bombay High Court passes injunction order against properties of Mohan India
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National Spot Exchange Limited (NSEL) has received ‘No Objection’ from Forward Markets Commission to proceed with the process of Rematerialization and Financial Closure of e-Series. Pursuant to this, NSEL has issued the circular no. NSEL/DP/2014/014 dated April 04, 2014.

e-Series unit holders who intend to rematerialize their holdings can follow the process as detailed in the above circular. Unit holders may kindly note that this process of rematerialization is different from the earlier process of Surrender Request (SRF) which has been since discontinued. The process of rematerialization shall be possible only for such unit holders whose holdings match or exceed the exact denomination of the underlying metal. Hence, it is strongly advised to verify the same from the latest stock report before initiating the process.
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Important Links :   E-Series Stock Details   Exchange Circulars
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