NSEL | Zee News

Advertisement

NSEL News

31 May 2023

Court Directs EOW To Investigate Former FMC Chairman's Role In NSEL Case

In its detailed representation to the EOW in 2020, NSEL highlighted several instances of negligence and failures on the part of Ramesh Abhishek, which the agency did not investigate.

04 Dec 2017

HC junks FTIL's petition against govt order to merge with NSEL

The Bombay High Court on Monday dismissed a petition filed by the erstwhile Financial Technologies (India) Ltd (FTIL) challenging a 2016 decision of the Union government ordering its merger with its subsidiary, National Spot Exchange Ltd (NSEL).

04 Aug 2017

Sebi order: Jignesh Shah says no violations; alleges conspiracy

The NSEL scam came to light during the previous UPA regime.

28 Apr 2017

Sebi issues fresh showcause notice to brokers in NSEL case

Multiple agencies including Sebi are probing the irregularities that happened at the now-defunct National Spot Exchange Ltd.

10 Feb 2017

Sebi board to meet on Saturday to discuss reform measures

Markets regulator Sebi's board will meet on Saturday to take forward reform measures and discuss amending Debenture Trustee regulations, steps taken regarding P-notes, collective investment scheme and cases involving NSE and NSEL.

24 Jul 2016

Government to set up special court for all NSEL cases

Government Sunday decided to set up a special court to hear all NSEL related cases on a priority basis while also asked the Enforcement Directorate to expedite action to recover Rs 3,721 crore from defaulters, and regulator Sebi to complete probe of brokers at the earliest.

13 Jul 2016

NSEL scam: Jignesh Shah sent to police custory till July 18

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

12 Jul 2016

ED arrests Jignesh Shah in NSEL money laundering scam

The Enforcement Directorate Tuesday arrested FTIL founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited (NSEL) money laundering scam.

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.

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.

National Spot Exchange Limited

07 Aug 2015

Conclude NSEL-FTIL merger process by Oct 31: HC to Ministry

The Bombay High Court Friday directed the Union Ministry of Corporate Affairs to complete by October 31 the process of passing final order on the proposed merger of National Spot Exchange of India with Financial Technologies (India) Ltd (FTIL).

Financial Technologies India Ltd

15 Apr 2015

FTIL's exit from MCX-SX is complete

Crisis-hit Financial Technologies India Ltd (FTIL) Wednesday said it has completed the sale of its entire 5 percent stake in MCX-SX for nearly Rs 89 crore, thus exiting the bourse.

14 Apr 2015

Vested interests trying to scuttle proposed settlement: NSEL

Crisis-hit National Spot Exchange (NSEL), which is being probed several agencies for Rs 5,600 crore alleged scam, Tuesday said vested interests are trying to scuttle its proposed settlement plan to resolve this issue.

12 Apr 2015

Assocham lobbies against NSEL merger with parent firm

Opposing the proposed merger of crisis-hit National Spot Exchange Ltd (NSEL) with its parent FTIL, industry body Assocham has said that a company cannot be held liable for "any alleged liability" of a subsidiary.

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.

Metropolitan Stock Exchange

02 Apr 2015

MSX says not linked to FTIL, NSEL and their promoters anymore

Metropolitan Stock Exchange, formerly known as MCX Stock Exchange or MCX-SX, on Thursday said it is no more linked to Financial Technologies, NSEL and its promoters and operates as a separate and independent entity.

01 Apr 2015

ED names Jignesh, Massey, 66 others in NSEL case charge sheet

FTIL founder Jignesh Shah, MCX-SX's Joseph Massey and former NSEL CEO Anjani Sinha are among 68 accused named in the Enforcement Directorate (ED) charge sheet in the National Spot Exchange Limited scam case.

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).

19 Mar 2015

SEBI asks FTIL to issue advisory to investors on NSEL matter

Capital markets regulator SEBI Thursday asked Financial Technologies (India) Ltd to issue an 'advisory' on matters relating to a government-proposed merger of its crisis-hit subsidiary NSEL, to help the investors take an "informed decision".

Loading...

NEWS ON ONE CLICK