Jignesh Shah was arrested last week by the CBI in a case of alleged cheating and suppression of facts in getting Sebi extension to MCX-SX t...

The government also said the Financial Intelligence Unit - India (FIU-IND) has also issued show-cause notices to Directors of NSEL for viol...

Besides, if the Company Law Board gives a verdict to supersede existing management, the pace of recovery and turnaround will be much faster.

They too were repeating the same objections in similar language. Prima facie, these objections were orchestrated and concerted, it added.

Of this outstanding amount, NSEL has so far managed to distribute only Rs 304.50 crore upto 10th September, 2013.

HC has granted the government two-month extension to pass a final order on merging NSELwith its parent Financial Technologies, or FTIL.

The corporate affairs ministry had moved the board seeking the removal and supersession of the FTIL board under Section 397 of the Companie...

Opposing the proposed merger of NSEL with its parent FTIL, Assocham has said that a company cannot be held liable for "any alleged liabilit...

The draft merger order, issued by the Corporate Affairs Ministry, has already been challenged by Financial Technologies (India) Ltd.

The corporate affairs ministry has finalised the share swap ratio for the proposed merger of crisis hit National Spot Exchange (NSEL) with ...

The concept of corporate entity was evolved to encourage and promote trade and commerce, but not to commit illegalities or to defraud peopl...

The government, in October last year, had ordered the merger of NSEL with its parent firm Financial Technologies (India) Ltd.

In October, government ordered merger of the NSEL with FTIL. The move was aimed in ensuring faster recovery of dues for entities hit by the...

Govt ordered merger of the bourse with FTIL, in order to ensure faster recovery of dues for entities hit by Rs 5600 cr fraud at NSEL.

NSEL does not have the resources, financial or human, or the organisational capability to successfully recover the dues pending for over a ...

Issuing a draft order for the proposed merger, the government today said the move has been decided upon in "public interest".

A merger of the kind proposed vitiates the concept of limited liability where the shareholders liability is restricted to the paid-up capit...