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ARUN RASTE NAMED NEW MD & CEO OF NCDEX

ARUN RASTE NAMED NEW MD & CEO OF NCDEX

Context

Recently, Securities and Exchange Board of India (SEBI) appointed Arun Raste as MD and CEO of National Commodity & Derivatives Exchange Limited (NCDEX).

Details

  • He is appointed for a 5 year term.
  • He is presently an executive director of the National Dairy Development Board.

About National Commodities and Derivatives Exchange

  • It is an online commodities exchange dealing primarily in agricultural commodities in India.
  • It is a public limited company.
  • It was established on 23 April 2003 under the Companies Act, 1956.
  • It is located in Mumbai.

About Securities and Exchange Board of India (SEBI)

  • It is a statutory body.
  • It was established on April 12, 1992 as per Securities and Exchange Board of India Act, 1992.
  • Aim : To protect the interests of investors in securities and to promote and regulate the securities market.
  • Headquarters : Mumbai.

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