FTIL board removal case: CLB fixes June 2 as next hearing date
The Company Law Board (CLB) has set June 2 as the next hearing date in the Financial Technologies' (FTIL) board removal case. This emerged at the CLB hearing on Monday in New Delhi. At the CLB hea... Board Meeting Intimation for Results & Closure of Trading Window
Financial Technologies (India) Ltd has informed BSE that a meeting of the Board of Directors of the Company is scheduled to be held on May 30, 2016, inter-alia to consider and approve the Audited Standalone and Consolidated financial results of the Company for the year ended March 31, 2016.Further, in accordance with the Company's Code of Conduct for Prevention of Insider Trading (the Code) read with applicable provisions of the SEBI (Prohibition... FTIL board removal: CLB fixes next hearing for May 23
The Company Law Board (CLB) has set May 23 as the next hearing date in the Financial Technologies' board removal case. This emerged at the CLB hearing on Friday in the Capital.The next CLB hearing wi... NSEL Scam: MPID court orders fund transfer from Lotus Refineries' account
On March 4, the court had attached 37 properties of ARK Imports and directed competent authority to fetch its market valuation Wary of illiquidity, Sebi says no to any new commex futures
MUMBAI: As the NSEL scam continues to rattle investors in the commodities market, regulator Sebi today ruled out allowing trading in any new commodity futures unless assured of sufficient liquidity. "Sebi has been very careful in allowing trading in new commodities. We want to do that but we will be doing it very carefully. Unless we are assured that there's enough liquidity likely in some commodities, we will not consider that," chairman U K Sinha said here. The decision comes almost three years after the Rs 5,600 crore scandal broke out at Financial Technologies-run National Spot Exchange (NSEL) in July 2013, which dealt a blow to the then thriving commodities markets. The case is still pending with meagre recoveries and repayments to over 11,000 investors happening in bits and pieces. Sebi took over the regulation of the commodities market in September 2015 after the Forward Markets Commission, which had the mandate to regulate the commodities trading including futures, was merged with the stock market regulator. The NSEL scam was one of the reasons that led to the merger. The government allowed futures trading in commodities only a decade ago but the market could not gain dept due to the absence... From the Viewsroom: Who's to blame?
Brokers are not the only group responsible for the NSEL fiasco Notice of Postal Ballot
Financial Technologies (India) Ltd has submitted to BSE a Copy of the Notice of Postal Ballot. Clarification
With reference to Increase in Volume, Financial Technologies (India) Ltd has submitted to BSE a copy of Clarification is enclosed. Clarification sought from Financial Technologies (India) Ltd
The Exchange has sought clarification from Financial Technologies (India) Ltd on April 20, 2016 with reference to increase in Volume.The reply is awaited. Outcome of Board Meeting
Financial Technologies (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 18, 2016, pursuant to NOC dated April 07, 2016, obtained from Central Registration Centre, Ministry of Corporate Affairs, have decided to obtain Members approval by way of postal ballot, inter alia for change of name of the Company to "63 moons technologies limited" and in order to amplify its existing objects and elucidate...