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The Multi Commodity Exchange (MCX) has announced the appointment of K G Karmakar, former managing director of NABARD and Ajai Kumar, former CMD, Corporation Bank as trustees of the Multi Commodity Exchange Investor (Client) Protection Fund, subject to the approval of the Forward Markets Commission (FMC).
The commodity derivatives market regulator approved on Thursday appointment of the retired IAS officer Satyananda Mishra as the Chairman of MCX’s board. He was appointed as FMC approved Independent Director on its board for a period up to March 31, 2016 on Thursday.
The commission also approved the appointment of G Anantharaman, former SEBI whole-time member, as the Chairman of the Audit Committee and Ravi Kamal Bhargava as the Chairman of the Remuneration Committee of the exchange.
These appointments are in line with revised FMC guidelines dated August 12, 2013.
