ELP advised on setting up of India International Bullion Exchange

The IIBX is a spot bullion trading platform based in the GIFT City

The India International Bullion Holding Ltd (IIBH) has launched its subsidiary, the India International Bullion Exchange (IIBX), in the GIFT City, encompassing the Bullion Exchange and the Bullion Clearing Corporation.

Economic Laws Practice were IIBH's advisors on the deal, and assisted the company with general corporate advisory, drafting and advising of the SSA, SHA and reviewing charter documents for the understanding between the consortium members, along with the drafting of the bye-laws, rules and regulations for the bullion exchange and bullion clearing corporation.

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

IIBH, the holding company of IIBX, was set up by a consortium consisting of 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.

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