Chidambaram said the three would look into different aspects of the troubles at NSEL, ‘which flouted rules from Day-1’, and take action under their respective jurisdictions.
He added the income tax department was also checking the financial details of NSEL investors to see if any black money was involved.
A committee headed by Economic Affairs Secretary Arvind Mayaram on Monday given its report on NSEL to the finance minister.
“The Mayaram panel report has suggested CBI, FMC and MCA must take appropriate action.
“They have listed the irregularities. . . They will take action,” Chidambaram said at a press conference in New Delhi.
FMC might file its report in a couple of days, after which the three bodies would decide on the action, he said.
A CBI official said the agency was in the process of verifying the NSEL complaint.
It was looking into the aspect of criminal offence to find out if there was an instance of fraud or cheating.
The government had received a complaint from investors but not referred the matter to CBI yet.
The agency, therefore, was also trying to establish whether the probe in this matter came under its jurisdiction, a senior CBI official said.
Ruling out similarities between the crises at Satyam and NSEL, Chidambaram dropped hints that the government might not bail out the people that had put their money in the exchange, saying they invested with open eyes, knowing full well they were investing in an unregulated entity. “The government does not come into the picture at all,” he added.
Chidambaram said NSEL was not a registered or recognised association under FMC; it got exemption even before it started its business.
“In the way NSEL started business, there’s much more than meets the eye. People seem to have given money to NSEL promoters, knowing fully well that it is not a regulated entity. . . Many of them made money in initial stages and some lost money now... I have seen the exemption order.
“Now, whether it is valid or not has to be examined.” he said.
Of the 17,000 investors who put their money in NSEL -- which is now grappling with a Rs 5,600-crore payment crisis -- 9,000 traded through eight top brokers, including Anand Rathi, Motilal Oswal, India Infoline and Systematix.
According to the finance minister, the investors would definitely move court, as it is a matter between them and the company.
The government had in 2007 exempted NSEL from provisions of the Forward Contracts Regulation Act to operate one-day forward commodity contracts.
The exemption was given on some conditions, including delivery of commodities within 11 days and a bar on short-selling
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