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About National Spot Exchange Limited (NSEL): National Spot Exchange Limited (NSEL), was incorporated in May 2005 as a spot exchange for trading in commodities. Central Government by a notification dated June 7, 2007 had granted an exemption u/s 27 of the Forward Contracts Regulation Act (FCRA), to NSEL from complying with all the provisions of the FCRA subject to certain conditions. In October 2008, NSEL commenced operations providing an electronic trading platform to willing participants for spot trading of commodities, such as bullion, agricultural produce, metals, etc. Like NSE and BSE, NSEL has its registered trading members, commonly referred to as brokers, who execute commodity trades on the NSEL platform on behalf of and in accordance with the instructions of their respective clients across India. The trading operations of NSEL was suspended with effect from August 6, 2013, only after a notification dated September 19, 2014, when the Central Government withdrew the gazette notification dated June 5, 2007.

Major Achievements:
Milestones & Strategic Alliances
 
2013
MAR : Agreement with Hadher Group of establishments LLC, Abu Dhabi, UAE for Joint business development and marketing in commodities
JUN : NSEL and SBI have tie up for the collateral Management Services

Coffee board of India signs pact with NSEL to create a Warehouse receipt based electronic Spot Marker for Coffee beans

JUL : Tamil Nadu Co-operative Marketing Federation (Tanfed ) entered into an agreement with NSEL to purchase potato, onion and ginger online
2012
FEB : Received Shariah certification for e-Lead, e-Zinc and e-Nickel
APR : Launched e-Platinum under its investment product category e-Series
SEP : Western Ghats Agro Growers Ltd. (WGAGL), Joint initiative of Kerala farmersand NSEL was inaugurated by the Honorable Chief Guest Prof K. V. Thomas,Minister of State for Consumer Affairs, Food and Distribution in Kerala.
NOV :

Signed an MoU with Belarusian Universal Commodity Exchange (BUCE), thelargest Commodity Spot Exchange in Republic of Belarus for developing bilateraldeals between India and Eastern European countries, especially Republic ofBelarus, Russia, Ukraine, Kazakhstan.

NAFED appointed NSEL as a State Level Supporter (SLS) for the procurement of cotton and processing of cotton by ginning and pressing to convert into cotton bales for the season 2012-13 on its behalf.
DEC : National Spot Exchange Limited (NSEL) has signed an agreement with Small Farmers Agribusiness Consortium (SFAC) to provide the services of Technical and Logistic Supply Agency (TLSA) for the Pulses Procurement Programme under MSP (PPPMSP).
2011
JAN : Signed an MoU with Govt. of Gujarat under “Vibrant Gujarat 2011”
FEB : Received Shariah certification for e-Gold, e-Silver and e-Copper
2009
JAN : Commenced cotton procurement in Andhra Pradesh under Price Support Scheme (PSS) operation on behalf of Nafed
JUN : Signed an MoU with the Maharashtra State Agriculture Marketing Board, to create linkage between rural Primary Agricultural Cooperative Societies’ (PACS) godowns and spot market facilities
SEP : Signed an MoU with Govt. of Orissa, for developing electronic market facilities in Orissa
2008
JAN : Issuance of license by Govt. of Maharashtra
MAY : Issuance of license by Govt. of Karnataka for setting up spot exchange in the State of Karnataka
JUN : Signed an MoU with the Gujarat Agro-Industries Corporation Ltd. (GAIC) to create a strategic alliance for development of agri-business and providing an electronic market platform in the State
2007
MAY : MoU with Govt. of Madhya Pradesh, for developing electronic market facilities in Madhya Pradesh
JUN : Recommendation by the Ministry of Agriculture, Govt. of India about NSEL project
: Issuance of Gazette Notification by the Ministry of Consumer Affairs, Govt. of India under Section 27 of the FCRA, 1952
OCT : Issuance of license by the Govt. of Gujarat under Gujarat APMC Act
NOV : Signed an MoU with IL&FS for common service centers being setup under National E-Governance Project to be connected to NSEL project
: Signed an MoU with Govt. of Rajasthan
2005
MAY : Incorporated as a company limited by shares under the Companies Act, 1956