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News
National Spot Exchange Ltd
National Spot Exchange Ltd News
SEBI
28 Aug 2017
Complaints on Sahara, SEBI top grievances to govt
The study was conducted by the Quality Council of India for the Ministry of Personnel, Public Grievances and Pensions, following recommendations of a Parliamentary committee.
SEBI
29 Apr 2016
NSEL scam: Sebi to act against defaulting brokers
Sebi has been asked to take necessary action against the defaulting brokers in the nearly Rs 5,600-crore NSEL scam while the Corporate Affairs Ministry and other agencies including the Enforcement Directorate are also investigating the case, the government said on Friday.
NSEL
14 Feb 2016
FTIL-NSEL merger: MCA says 96% objections 'orchestrated'
In a first-ever move forcing the amalgamation of two private companies, the MCA has ordered the merger of crisis- hit National Spot Exchange Ltd (NSEL) with its parent FTIL (Financial Technologies India Ltd) in "public interest".
NSEL-Financial Technologies merger
12 Feb 2016
Govt orders merger of NSEL with Financial Technologies
This is the first case of the government ordering merger of two private companies invoking a rarely used clause in the companies law.
ED
15 Oct 2015
ED opposed merger of NSEL with FTIL: FinMin
The Enforcement Directorate (ED) had opposed merger of the crisis-hit National Spot Exchange Ltd (NSEL) with Jignesh Shah-promoted FTIL, saying such a move would impede investigation in the Rs 5,600-crore payment scam, the Finance Ministry said Thursday.
Financial Technologies
10 Apr 2015
FTIL-NSEL swap ratio finalised; NAFED to get 38 shares
The government has finalised the share swap ratio for the proposed merger of crisis-hit NSEL with its parent Financial Technologies, which itself will not get any share.
Financial Technologies
31 Mar 2015
FTIL offers Rs 1000cr settlement plan; brokers reject proposal
Financial Technologies today said it has submitted to the government a Rs 1,000-crore settlement plan, including Rs 500-crore to be contributed by brokers, to clear the claims of small and mid-sized investors on scam-hit National Spot Exchange Ltd (NSEL).
Financial Technology India Ltd
10 Mar 2015
'Most shareholders oppose proposed merger of NSEL with FTIL'
The government in October last year had ordered merger of National Spot Exchange Ltd (NSEL) with its parent firm Financial Technology India Ltd (FTIL).
NSEL
10 Mar 2015
NSEL launches campaign to clear the air over payment crisis
NSEL has launched a massive media outreach explaining the circumstances leading to the Rs 5,600 crore payment crisis as well as how it has been "singled out" and no action has been taken against real culprits.
NSEL
02 Dec 2014
In NSEL suit, HC asks Mohan India to declare assets
Hearing a suit filed by the National Spot Exchange Ltd, the Bombay High Court Tuesday asked one of its defaulters, M/s Mohan India Group, and its directors to disclose all their properties within four weeks.
Bombay High Court
27 Nov 2014
HC orders status quo to proposed merger of FTIL with NSEL
The Bombay High Court on Thursday ordered `a status quo' till December 22 to the proposed merger of Financial Technologies India Ltd with the National Spot Exchange Ltd.
NSEL
22 Oct 2014
Govt orders merger of fraud-hit NSEL with parent firm FTIL
To ensure speedy recovery of dues for investors and others hit by Rs 5,600-crore "fraud" at the National Spot Exchange Ltd, the government on Tuesday ordered merger of the scam-hit firm with its holding company FTIL.
National Spot Exchange Ltd
11 Sep 2014
NSEL rejects slow recovery charge,says FMC can enhance process
NSEL defaulted to the tune of Rs 5,600 crore a year ago and 13,000 investors had been hit by the payment crisis.
NSEL
01 Aug 2014
HC to study chargesheet then decide on Jignesh Shah's bail
Economic Offences wing (EOW) of Mumbai Police intended to file chargesheet against Shah and others on or before August 4.
Indian Energy Exchange
22 Jun 2014
Indian Energy Exchange: FTIL mulls appeal against CERC order
Financial Technologies is mulling appealing against electricity regulator CERC's order that directs the company to completely divest its stake in the Indian Energy Exchange (IEX).
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