FTIL case: Sebi revokes interim order against 8 individualsThe National Spot Exchange Ltd (NSEL) was promoted by FTIL, which is now known as 63 Moons Technologies Ltd.
ED attaches FTIL's mutual funds worth Rs 307 croreIn a filing to the BSE, FTIL said: "The company has received a provisional attachment Order from the Directorate of Enforcement, Mumbai, at...
ROC approves Financial Technologies name change to 63 Moons TechnologiesFTIL today said that it has received approval from the Registrar of Companies (ROC) for changing its name to 63 Moons Technologies.
Government orders merger of NSEL with Financial TechnologiesOf this outstanding amount, NSEL has so far managed to distribute only Rs 304.50 crore upto 10th September, 2013.
HC bars FTIL from disbursing dividend, hiking directors' payThe promoter group owned 45.63% equity, of which 26.75% is with La-fin while Shah directly held a little over 10% shares as on June 30, 201...
NSEL-FTIL merger issue: Govt to seek more time from Bombay High CourtThe government is likely to seek more time from the Bombay High Court to issue the final order on merger of scam-hit NSEL with its parent F...
Corporate affairs ministry finalises share swap ratio for proposed NSEL-FTIL mergerThe corporate affairs ministry has finalised the share swap ratio for the proposed merger of crisis hit National Spot Exchange (NSEL) with ...
NSEL issue: Cyril Shroff met Jayant Sinha with settlement plan for small investorsThe proposal comes days ahead of the Company Law Board Delhi slated to hear a government petition to supersede the board of FTIL.
Financial Technologies asks shareholders to oppose 'forced' NSEL mergerThe government, in October last year, had ordered the merger of NSEL with its parent firm Financial Technologies (India) Ltd.
Government prays to Bombay High Court to vacate stay of FTIL-NSEL merger orderThe ministry of corporate affairs on filed a notice of motion in the court praying that the HC restrain FTIL from selling, or creating any ...
NSEL-FTIL merge case adjourned to December 22The govt on the recommendation of commodity market regulator FMC passed a draft order to merge NSEL with FTIL last month in public interest.
NSEL fraud: Government mulls revamp of FTIL boardAs it tries to recover investors' money in Rs 5,600-crore NSEL fraud, the government is considering a proposal to revamp the board of the c...
Merger of scam-ridden NSEL with FTIL a bad ideaA merger of the kind proposed vitiates the concept of limited liability where the shareholders liability is restricted to the paid-up capit...
Merge NSEL with FTIL, says commodity market regulator to governmentA merger would transfer NSEL’s liabilities of more than Rs 5,000 cr to FTIL that has so far financially ring-fenced itself from the scam
FTIL drags Forward Markets Commission to court over amended shareholding normsIn December last year, FTIL was declared unfit to hold more than 2% in MCX, primarily as a fallout from the Rs 5,600-crore scam on its subs...
MCX may be restrained from launching fresh contractsThe NSEL, which is promoted by FTIL, has been defaulting on payments to 13,000 investors. In July, FMC had halted trading at the exchange.
- NSE, FTIL get more time to find auditor
The Bombay High Court granted more time to NSE on Wednesday to suggest the name of an independent systems auditor which is acceptable to FT...