Wednesday April 16, 2014
Facing a major staff crunch when a Rs 5,600-crore payment crisis at National Spot Exchange Ltd (NSEL) has deepened, the Forward Markets Commission (FMC) has decided to recruit 20 experts and professionals on contract basis to assist it in legal, inve...
Friday April 11, 2014
Jignesh Shah-promoted Financial Technologies (India) Ltd (FTIL) has to reduce its stake in MCX to 2 per cent from the current 26 per cent stake to comply with the regulatory norms following the NSEL payment crisis of Rs 5,600 crore.
Tuesday April 8, 2014
Embattled spot commodity bourse NSEL has settled Rs 330 crore, or 6 per cent of the amount due to investors since it suspended operations, missing its own deadline to clear payments.
Friday April 4, 2014
National Spot Exchange Ltd (NSEL), which is a subsidiary of Jignesh Shah-led Financial Technologies India Ltd, is grappling with a payment crisis for settling dues worth Rs 5,500-crore after it suspend trading activities in July last year following a...
Thursday April 3, 2014
Multi Commodity Exchange (MCX) on Thursday decided to defer a controversial issue of preferential allotment of shares.
Tuesday April 1, 2014
In a relief to investors of the now defunct National Spot Exchange Ltd (NSEL), a special court trying the bourses Rs 5,600-crore payment crisis case, is likely to appoint a liquidator in a week's time, police said on Tuesday.
Monday March 31, 2014
Multi Commodity Exchange (MCX) on Monday said its board will meet on April 3 to consider allotment of preferential shares, but this move was strongly opposed by its promoter Financial Technologies India Ltd (FTIL), which said it would take legal reco...
Sunday March 30, 2014
The Ministry of Corporate Affairs is looking to ascertain whether Jignesh Shah-led Financial Technologies India Ltd (FTIL) violated laws, especially with respect to carrying out its duties as a holding company, according to sources.
Thursday March 27, 2014
Multi Commodity Exchange (MCX) on Thursday said its board will meet on April 3 to consider changes in main object clause of memorandum of association (MoA) and articles of the association (AoA).
Thursday March 27, 2014
The Forward Markets Commission (FMC) on Thursday allowed scam-hit National Spot Exchange Ltd (NSEL) to convert e-series gold contracts into physical form - a move that would benefit 33,000 investors.
Thursday March 20, 2014
The Securities and Exchange Board of India (SEBI) removed its "fit and proper" designation on bourse operator Financial Technologies (India) on Wednesday and ordered it to sell its entire stake in the country's third-largest stock exchange.
Wednesday March 19, 2014
Sebi may soon pass an order on the 'fit and proper' status of erstwhile promoters of MCX-SX, which is already under CBI scanner for alleged irregularities in grant of licence to the bourse in 2008.
Tuesday March 18, 2014
Pillai, who was appointed public interest director and chairman of MCX-SX after Sebi ordered a restructuring of its board in the wake of NSEL scam, resigned last week within hours of CBI initiating a Preliminary Enquiry against Sebi's former chairman...
Saturday March 15, 2014
The agency has named Shah, NSEL, former CEO of National Spot Exchange Limited (NSEL) Anjani Sinha, officials of PEC including chief general manager Rajiv Chaturvedi and a number of other companies in the case of alleged cheating, forgery and corrupti...
Monday March 10, 2014
A bench headed by Justice P V Hardas accepted an application filed by petitioner Ketan Tirodkar contending that NSEL should not be made a respondent in the PIL and instead it may be asked to intervene.
Monday March 10, 2014
NSEL promoters are found to have violated the provisions of the Companies Act. An inspection of NSEL books by the ministry had found that the exchange's board failed to perform its duties towards shareholders in violation of regulations.
Friday March 7, 2014
The latest attachment order was issued by the central probe agency against Ms PD Agroprocessors Pvt Ltd, one the defaulters at the bourse.
Tuesday March 4, 2014
Jignesh Shah-led Financial Technologies (India) Ltd is the promoter of National Spot Exchange Ltd (NSEL) and following the Rs 5,600 crore payment crisis at the bourse, these entities along with those related to them have come under the scanner of mul...
Tuesday February 25, 2014
The bourse has settled Rs 322.6 crore so far against Rs 5,500 crore that it owes to investors.
Monday February 24, 2014
In the wake of Rs 5,600 crore payment crisis at Jignesh Shah-led National Spot Exchange Ltd (NSEL), other group entities have also come under the scanner. The bourse is promoted by Financial Technologies (India) Ltd (FTIL).