SEBI approves creation of Social Stock Exchange
It was decided to approve the framework for gold exchange (Commercial Representative) MUMBAI: The Securities and Exchange Board of India (Sebi) has taken a number of decisions at its board meeting today, including approving a framework for gold exchange. SEBI has also approved amendments to the delisting standards to facilitate mergers and amalgamations. It has also approved the construction of a social stock exchange. The framework for gold exchange was today approved by the Securities and Exchange Board of India (SEBI), the regulator of the capital market. With this approval trading in gold in electronic form will now be possible and will help in the creation of a transparent local spot price discovery mechanism. SEBI also approved the construction of a social stock exchange at a board meeting held today. With the decisions taken by the SEBI Board, trading in gold will now be known as Electronic Gold Receipt (EGR) and will allow trading, clearing and settlement like other securit...