MUMBAI: Commodity market regulator Forward Markets Commission - TopicsExpress

MUMBAI: Commodity market regulator Forward Markets Commission (FMC) has ordered a forensic audit of National Spot Exchange Ltd (NSEL), raising serious questions about the credibility of books of account and record maintenance at the crisis-ridden bourse. The exchange will have to appoint a reputed auditor in seven days that will examine the causes behind the dramatic decline in the settlement guarantee fund and details of stocks of commodities lying at the exchange warehouses.

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