NSEL first violated rules in April 20121 min read . Updated: 29 Nov 2013, 11:34 PM IST
Ministry of consumer affairs had issued show cause notice to NSEL for violation of FCRA conditions
Mumbai: The ministry of consumer affairs was aware as early as in April last year that the National Spot Exchange Ltd (NSEL) had violated conditions of the exemption it was given from operation of the Forward Contracts (Regulations) Act, 1952 (FCRA), documents reviewed by Mint showed.
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