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of <h1>SEBI Revokes Indian Commodity Exchange Recognition Post-Merger with Forward Market Commission Under Securities Contracts Act, 1956.</h1> The Securities and Exchange Board of India (SEBI) has withdrawn the recognition granted to the Indian Commodity Exchange Limited. This decision follows the merger of the Forward Market Commission with SEBI, which had previously recognized the exchange under the Forward Contracts (Regulation) Act, 1952. Under the Securities Contracts (Regulation) Act, 1956, SEBI holds the authority to withdraw recognition if deemed necessary for trade or public interest. Consequently, SEBI has exercised its powers to revoke the status of the Indian Commodity Exchange Limited as a recognized stock exchange.
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