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Draft Assessment Order in the matter of proposed amalgamation of NSEL with FTIL

 Financial Technologies (India) Ltd has informed BSE that as a procedure, Ministry of Corporate Affairs (MCA) has passed an Assessment Order (Order) which is posted on MCA website in the captioned matter and the same is yet to be notified in the Official Gazette of India.The Order shall be effective, if and only if, the Central Government finally decides to amalgamate National Spot Exchange Limited (NSEL) with Financial Technologies (India) Limited (FTIL), as stated in the Order....
10-04-2015
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Financial Technologies (India) Ltd reply to clarification sought by the exchange

 The Exchange had sought clarification from Financial Technologies (India) Ltd with respect to news article appearing in Mint on April 01, 2015 titled "Brokers, Investors rejects FTIL settlement Plan" Financial Technologies (India) Ltd replied stating "We wish to submit as under:The proposal has been issued on a "Without Prejudice" basis which cannot and should not be construed as an acceptance by FTIL of any liability towards any...
01-04-2015
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Clarification sought from Financial Technologies (India) Ltd

 The Exchange has sought clarification from Financial Technologies (India) Ltd with respect to news flash titled appearing on Mint on April 01, 2015 titled "Brokers, Investors rejects FTIL settlement Plan"The reply is awaited.
01-04-2015
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Excerpts of the 'Without Prejudice' Settlement proposal by the Company (FTIL)

 Financial Technologies (India) Ltd has submitted to BSE a copy of excerpts of the Company's 'Without Prejudice' proposal for settlement of NSEL payment default, submitted through the Company's legal counsel M/s. Amarchand Mangaldas.The proposal is made in the spirit of being fair, equitable and just to all parties and in the interest of 63,000+ shareholders of FTIL.
31-03-2015
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Advisory to investors

 As advised by SEBI vide letter dated March 19, 2015 the following advisory is being issued in the interests of investors. Ministry of Corporate Affairs has issued a draft order dated October 21, 2014, inter-alia, proposing merger of National Spot Exchange Limited (NSEL) with Financial Technologies (India) Limited (FTIL). The proposed order was challenged before Hon'ble Bombay High Court by FTIL. The Hon'ble High Court, vide order dated February...
19-03-2015
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Financial Technologies (India) Ltd reply to clarification sought by the exchange

 The Exchange had sought clarification from Financial Technologies (India) Ltd with respect to news article appearing in The Economic Times on March 19, 2015 titled "Cyril Shroff Meets Jayant Sinha to Resolve Rs.5600 cr NSEL Fiasco" Financial Technologies (India) Ltd replied stating "We wish to inform you that without prejudice, a confidential proposal through our legal advisor M/s. Amarchand Mangaldas has been forwarded....
19-03-2015
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Clarification sought from Financial Technologies (India) Ltd

 The Exchange has sought clarification from Financial Technologies (India) Ltd with respect to news article appearing in The Economic Times on March 19, 2015 titled "Cyril Shroff Meets Jayant Sinha to Resolve Rs.5600 cr NSEL Fiasco." The reply is awaited.
19-03-2015
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Financial Technologies (India) Ltd reply to clarification sought by the exchange

 The Exchange had sought clarification from Financial Technologies (India) Ltd with respect to news article appearing in The Economic Times on March 18, 2015 titled "HC Rules Against FTIL Petition" Financial Technologies (India) Ltd replied stating "Please refer our communication dated March 01, 2015, wherein it is stated that the Company will file a petition before the Hon'ble Bombay High Court or Company law Board or at any other appropriate...
19-03-2015
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Clarification sought from Financial Technologies (India) Ltd

 The Exchange has sought clarification from Financial Technologies (India) Ltd with respect to news article appearing in The Economic Times on March 18, 2015 titled "HC Rules Against FTIL Petition" The reply is awaited.
18-03-2015
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Financial Technologies (India) Ltd reply to clarification sought by the exchange

 The Exchange had sought clarification from Financial Technologies (India) Ltd for further updates on NSEL-FTIL merger: HC vacates status quo with draft order. Financial Technologies (India) Ltd replied stating "We wish to inform you that the Company vide its various communications has intimated to the stock exchanges from time to time in the above referred matter....
13-03-2015
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