Dear members plz resolve these following queries...
Rahul (Company Secretary & Manager-Legal) (216 Points)
17 December 2008Dear members plz resolve these following queries...
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 17 December 2008
Rathindra firstly i would like to rectified one thing.. Globally oil is listed only in the New York Stock Exchange.. No body else has got authorisation in Oil trading and price of Oil in the exchange is operated by Goldman Sachs, Citi Bank, Morgan Stanley and J.P.Morgan Chase
But globally price is operated by OPEC
Indian stock exchange have nothing to do with Oil price
Rahul
(Company Secretary & Manager-Legal)
(216 Points)
Replied 17 December 2008
Dear Amit.
thanx for your reply.
but i m not looking for listing of Oil etc.
in India, ON MCX & NCDEX, oil derivatives are available for trading.
my question is,
1. who issues them? MCX/NCDEX or any other authority?
2. under which ACT/RULES/REGU. they are governed?
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 17 December 2008
Are you sure oil derivatives trading are available ?
Can you give me the link ?
Rahul
(Company Secretary & Manager-Legal)
(216 Points)
Replied 17 December 2008
mcx.com
ncdex.com
look up in the products section..
LAKSHMINARAYANAN
(STUDENT)
(60 Points)
Replied 17 December 2008
Dear,
The Derivatives is controlled by Securites contract regulation act 1956 from 2000 onwards. (since it is financialy setteled, so there is no part of FCRA)
Yes, As Rathindra said crude oil can be traded at MCX,NCDEX , which is derivative.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)