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.
Aug 28, 2017, 17:01 PM IST
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.
Apr 29, 2016, 18:35 PM IST
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".
Feb 14, 2016, 17:40 PM IST
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.
Feb 12, 2016, 21:41 PM IST
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.
Oct 15, 2015, 22:56 PM IST
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.
Apr 10, 2015, 18:02 PM IST
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).
Mar 31, 2015, 16:44 PM IST
'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).
Mar 10, 2015, 20:09 PM IST
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.
Mar 10, 2015, 14:05 PM IST
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.
Dec 02, 2014, 22:56 PM IST
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.
Nov 27, 2014, 22:13 PM IST
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.
Oct 21, 2014, 14:55 PM IST
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.
Sep 11, 2014, 20:16 PM IST
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.
Aug 01, 2014, 10:31 AM IST
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).
Jun 22, 2014, 19:10 PM IST
