{"id":862,"date":"2018-07-02T14:16:12","date_gmt":"2018-07-02T14:16:12","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=862"},"modified":"2018-07-07T00:07:38","modified_gmt":"2018-07-07T00:07:38","slug":"sebi-hce","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/","title":{"rendered":"SEBI allows Hapur Commodity Exchange to exit commodity business"},"content":{"rendered":"<p>Securities Exchange Board of India (SEBI)\u00a0has allowed Hapur Commodity Exchange to discontinue operations as a bourse, making it the seventh derivatives exchange to exit after the merger of Forward Markets Commission (FMC) with the capital markets regulator.<\/p>\n<p>Hapur Commodity Exchange Ltd (HCEL) has been allowed to exit after it complied with the requirements of exit policy, SEBI\u00a0said in an order.<\/p>\n<p>Moreover, there was no trading on the platform since January 2018.<\/p>\n<p>The commodity exchange previously known as Chamber of Commerce was granted recognition for a period of five years from March 2013 to February 2018 for futures trading in mustard seeds.<\/p>\n<p>As per SEBI\u00a0, the exchange did not submit a plan duly approved by its shareholders to the regulator for achieving the net worth of Rs 100 crore even after repeated reminders.<\/p>\n<p>Further, the recognition expired on February 28, 2018. Hence, HCEL in its annual general meeting held in January this year had proposed to voluntarily surrender its recognition and the same was communicated to the regulator too.<\/p>\n<p>Besides, the Income Tax Authorities, finance ministry, corporate affairs ministry and Uttar Pradesh government are being intimated about the exit of HCEL, for appropriate action, at their end, Sebi said in a release.<\/p>\n<p>As per SEBI,\u00a0the bourse has complied with exit norms and submitted written undertakings that it does not have any third party or undisclosed liabilities in respect of futures trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Securities Exchange Board of India (SEBI)\u00a0has allowed Hapur Commodity Exchange to discontinue operations as a bourse, making it the seventh derivatives exchange to exit after the merger of Forward Markets Commission (FMC) with the capital markets regulator. Hapur Commodity Exchange Ltd (HCEL) has been allowed to exit after it complied with the requirements of exit [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,31],"tags":[254,66],"class_list":["post-862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","category-news","tag-hcel","tag-sebi"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEBI allows Hapur Commodity Exchange to exit commodity business - Finance Intellect<\/title>\n<meta name=\"description\" content=\"Securities Exchange Board of India (SEBI)\u00a0has allowed Hapur Commodity Exchange to discontinue operations as a bourse, making it the seventh derivatives exchange to exit after the merger of Forward Markets Commission (FMC) with the capital markets regulator.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI allows Hapur Commodity Exchange to exit commodity business - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"Securities Exchange Board of India (SEBI)\u00a0has allowed Hapur Commodity Exchange to discontinue operations as a bourse, making it the seventh derivatives exchange to exit after the merger of Forward Markets Commission (FMC) with the capital markets regulator.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/\" \/>\n<meta property=\"og:site_name\" content=\"Finance Intellect\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-02T14:16:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-07-07T00:07:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/sebi.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"FI Online\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Fin_Intellect\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"FI Online\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/\"},\"author\":{\"name\":\"FI Online\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\"},\"headline\":\"SEBI allows Hapur Commodity Exchange to exit commodity business\",\"datePublished\":\"2018-07-02T14:16:12+00:00\",\"dateModified\":\"2018-07-07T00:07:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/\"},\"wordCount\":236,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/sebi.jpg\",\"keywords\":[\"HCEL\",\"SEBI\"],\"articleSection\":[\"Markets\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/\",\"name\":\"SEBI allows Hapur Commodity Exchange to exit commodity business - Finance Intellect\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/sebi.jpg\",\"datePublished\":\"2018-07-02T14:16:12+00:00\",\"dateModified\":\"2018-07-07T00:07:38+00:00\",\"author\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\"},\"description\":\"Securities Exchange Board of India (SEBI)\u00a0has allowed Hapur Commodity Exchange to discontinue operations as a bourse, making it the seventh derivatives exchange to exit after the merger of Forward Markets Commission (FMC) with the capital markets regulator.\",\"breadcrumb\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#primaryimage\",\"url\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/sebi.jpg\",\"contentUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/sebi.jpg\",\"width\":600,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/financeintellect.com\/home-page\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SEBI allows Hapur Commodity Exchange to exit commodity business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/\",\"name\":\"Finance Intellect\",\"description\":\"Get business and finance insights\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\",\"name\":\"FI Online\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g\",\"caption\":\"FI Online\"},\"sameAs\":[\"https:\/\/financeintellect.com\/\",\"https:\/\/www.linkedin.com\/company\/finance-intellect\/\",\"https:\/\/x.com\/Fin_Intellect\"],\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/author\/fi-online\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEBI allows Hapur Commodity Exchange to exit commodity business - Finance Intellect","description":"Securities Exchange Board of India (SEBI)\u00a0has allowed Hapur Commodity Exchange to discontinue operations as a bourse, making it the seventh derivatives exchange to exit after the merger of Forward Markets Commission (FMC) with the capital markets regulator.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/","og_locale":"en_US","og_type":"article","og_title":"SEBI allows Hapur Commodity Exchange to exit commodity business - Finance Intellect","og_description":"Securities Exchange Board of India (SEBI)\u00a0has allowed Hapur Commodity Exchange to discontinue operations as a bourse, making it the seventh derivatives exchange to exit after the merger of Forward Markets Commission (FMC) with the capital markets regulator.","og_url":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/","og_site_name":"Finance Intellect","article_published_time":"2018-07-02T14:16:12+00:00","article_modified_time":"2018-07-07T00:07:38+00:00","og_image":[{"width":600,"height":300,"url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/sebi.jpg","type":"image\/jpeg"}],"author":"FI Online","twitter_card":"summary_large_image","twitter_creator":"@Fin_Intellect","twitter_misc":{"Written by":"FI Online","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#article","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/"},"author":{"name":"FI Online","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130"},"headline":"SEBI allows Hapur Commodity Exchange to exit commodity business","datePublished":"2018-07-02T14:16:12+00:00","dateModified":"2018-07-07T00:07:38+00:00","mainEntityOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/"},"wordCount":236,"commentCount":0,"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/sebi.jpg","keywords":["HCEL","SEBI"],"articleSection":["Markets","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/","url":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/","name":"SEBI allows Hapur Commodity Exchange to exit commodity business - Finance Intellect","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#website"},"primaryImageOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#primaryimage"},"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/sebi.jpg","datePublished":"2018-07-02T14:16:12+00:00","dateModified":"2018-07-07T00:07:38+00:00","author":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130"},"description":"Securities Exchange Board of India (SEBI)\u00a0has allowed Hapur Commodity Exchange to discontinue operations as a bourse, making it the seventh derivatives exchange to exit after the merger of Forward Markets Commission (FMC) with the capital markets regulator.","breadcrumb":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#primaryimage","url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/sebi.jpg","contentUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/sebi.jpg","width":600,"height":300},{"@type":"BreadcrumbList","@id":"https:\/\/financeintellect.com\/home-page\/home\/sebi-hce\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/financeintellect.com\/home-page\/home\/"},{"@type":"ListItem","position":2,"name":"SEBI allows Hapur Commodity Exchange to exit commodity business"}]},{"@type":"WebSite","@id":"https:\/\/financeintellect.com\/home-page\/home\/#website","url":"https:\/\/financeintellect.com\/home-page\/home\/","name":"Finance Intellect","description":"Get business and finance insights","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130","name":"FI Online","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g","caption":"FI Online"},"sameAs":["https:\/\/financeintellect.com\/","https:\/\/www.linkedin.com\/company\/finance-intellect\/","https:\/\/x.com\/Fin_Intellect"],"url":"https:\/\/financeintellect.com\/home-page\/home\/author\/fi-online\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2018\/07\/sebi.jpg","_links":{"self":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/comments?post=862"}],"version-history":[{"count":1,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/862\/revisions"}],"predecessor-version":[{"id":864,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/862\/revisions\/864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media\/863"}],"wp:attachment":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media?parent=862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/categories?post=862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/tags?post=862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}