NSEL investors and entities receive tax notices
Some of the 13,000 investors have received notices from the income-tax department seeking details, among others, of source of funds.30-08-2016
30-08-2016
ED summons Nirmal Jain in NSEL money laundering case
Probe agency asked him to be present on Aug 2924-08-2016
Govt makes fresh push for NSEL's merger with FTIL
A unit with a separate corporate identity will not be so heavily reliant on a parent as NSEL is on FTIL, govt tells HC23-08-2016
ED summons top broking officials
ED is investigating the role of 14 defaulters, officials from NSEL and its parent FTIL, and from brokers under the Prevention Of Money Laundering Act, 2002.10-08-2016
Update
With reference to the earlier letter dated July 13, 2016, pursuant to the applicable Regulations of the SEBI (LODR) Regulations, 2015, Financial Technologies (India) Ltd has informed BSE that Mr. Jignesh Shah, Promoter of 63 moons technologies limited (formerly Financial Technologies (India) Limited) has been granted bail in PMLA Case No. 4 of 2015 on merits, on Saturday August 06, 2016 by the Special Court constituted under the PMLA, 2002, at Mumbai, as reported in the media.09-08-2016
NSEL scam: Jignesh Shah granted bail
ED had filed a 20,000-page charge sheet against NSEL and 67 others in a Mumbai court in March last year06-08-2016
Overseas properties of NSEL defaulters under ED lens
ED sources say that the relevant people being summoned were "very much part of the scene in either 63 moons or NSEL in 2010-11..."03-08-2016
Offences wing allows FTIL to meet daily expenses
In a partial relief, the Economic Offences Wing (EOW) of Mumbai police has allowed Financial Technologies (now 63moons) to meet all its day-to-day operational expenses including payment of employee sa...01-08-2016
What has changed in commodity market norms after NSEL
Since the absence of stock in warehouses was at the heart of the NSEL settlement crisis, Forward Markets Commission also overhauled warehouse norms01-08-2016