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ELP Acts As The Legal Advisor For Setting Up And Launching India International Bullion Exchange (IIBX) At GIFT City

ELP’s role included general corporate advisory, drafting and advising of the SSA, and SHA and reviewing charter documents for the understanding between the consortium members. ELP also assisted in the drafting of Bye-Laws, Rules and Regulations for the bullion exchange and bullion clearing corporation.

ELP acts as the legal advisor for setting up the India International Bullion Exchange (IIBX) -  a spot bullion trading platform in Gujarat International Finance-Tec City (GIFT City). 

National Stock Exchange of India Limited, Central Depository Services (India) Limited, India International Exchange (IFSC) Limited, India International Clearing Corporation (IFSC) Limited, Multi Commodity Exchange of India Limited and National Securities Depository Limited formed a consortium to set up the holding company - India International Bullion Holding (IFSC) Limited (IIBH), for setting up and launching IIBX as its subsidiary at GIFT City, encompassing the Bullion Exchange and the Bullion Clearing Corporation.

ELP’s role included general corporate advisory,  drafting and advising of the SSA, and SHA and reviewing charter documents for the understanding between the consortium members. ELP also assisted in the drafting of Bye-Laws, Rules and Regulations for the bullion exchange and bullion clearing corporation.

The team led by Suhail Nathani (Managing Partner), included Nishant Shah (Partner), Manendra Singh (Associate Partner), Tanvi Goyal (Principal Associate) and Aditi Ladha (Associate).


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