Indore, Feb 6 (UNI) The Soybean Processors Association of India (SOPA) has demanded that the National Board of Trade's governing body be dissolved and a fresh one constituted.
The SOPA has been constantly complaining of large-scale irregularities in NBoT and urging that, it should be saved from becoming a pocket body of Ruchi Soya Industries Chairman Kailash Shahara who also chairs NBoT that deals with soybean, soya oil, cake and commodities exchange including mustard.
At a SOPA members meeting here yesterday, a proposal was passed demanding that Futures Market Commission Chairman B C Khatua should speedily take steps. The SOPA urged that police action be taken over its Treasurer S N Rathi being assaulted in Mr Khatua's presence at a NBoT programme here on February 1 and protection for Mr Rathi who had gone to submit a memorandum on NBoT irregularities to Mr Khatua.
NBoT Member Rathi lodged a police complaint here against Mr Shahara and others in this connection.
''SOPA-promoted NBoT was formed under the Company Act's Section 25 and SOPA invested Rs 2 crore in it. I apprehend there has been bungling of thousands of crores. Missives have been sent repeatedly to the Company Affairs Ministry and the Commission but in vain,'' said SOPA Coordinator Rajesh Agrawal.
UNI AA-KV-AC BJR ND1902
The SOPA has been constantly complaining of large-scale irregularities in NBoT and urging that, it should be saved from becoming a pocket body of Ruchi Soya Industries Chairman Kailash Shahara who also chairs NBoT that deals with soybean, soya oil, cake and commodities exchange including mustard.
At a SOPA members meeting here yesterday, a proposal was passed demanding that Futures Market Commission Chairman B C Khatua should speedily take steps. The SOPA urged that police action be taken over its Treasurer S N Rathi being assaulted in Mr Khatua's presence at a NBoT programme here on February 1 and protection for Mr Rathi who had gone to submit a memorandum on NBoT irregularities to Mr Khatua.
NBoT Member Rathi lodged a police complaint here against Mr Shahara and others in this connection.
''SOPA-promoted NBoT was formed under the Company Act's Section 25 and SOPA invested Rs 2 crore in it. I apprehend there has been bungling of thousands of crores. Missives have been sent repeatedly to the Company Affairs Ministry and the Commission but in vain,'' said SOPA Coordinator Rajesh Agrawal.
UNI AA-KV-AC BJR ND1902
Oneindia Login