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Co-Sponsors

SOURCE OF INFORMATION : FORWARD MARKETS COMMISSION WEBSITE
PERIOD COVERED : 23-JUL-2011 TO 13-JUL-2024

NAMES IN BROWN COLOUR
Names of entities/persons in brown colour denote that the regulatory order is not against them but their names have been mentioned only for association purposes.

COMPANIES: MISCONDUCT, LACK OF INTEGRITY AND UNFAIR PRACTICES IN PLANNING, DIRECTING AND CONTROLLING THE ACTIVITIES OF ITS SUBSIDIARY COMPANY, NATIONAL SPOT EXCHANGE LTD. LEADING TO A FRAUD INVOLVING RS. 5500 CRORE

S.No. ENTITY PERSONS REGULATORY CHARGES REGULATORY ACTION(S) / DATE OF ORDER FURTHER DEVELOPMENTS
1
History of entity/person FINANCIAL TECHNOLOGIES (INDIA) LTD.  
  MISCONDUCT, LACK OF INTEGRITY AND UNFAIR PRACTICES IN PLANNING, DIRECTING AND CONTROLLING THE ACTIVITIES OF ITS SUBSIDIARY COMPANY, NATIONAL SPOT EXCHANGE LTD. LEADING TO A FRAUD INVOLVING RS. 5500 CRORE  DECLARED AS NOT A 'FIT AND PROPER PERSON’ TO CONTINUE TO BE A SHAREHOLDER OF 2% OR MORE OF THE PAID-UP EQUITY CAPITAL OF MCX

ORDERED NEITHER FTIL, NOR ANY COMPANY/ENTITY CONTROLLED BY IT, EITHER DIRECTLY OR INDIRECTLY, SHALL HOLD ANY SHARES IN ANY ASSOCIATION / EXCHANGE RECOGNISED BY GOVT. OR REGISTERED BY FMC IN EXCESS OF THRESHOLD LIMIT OF TOTAL PAID-UP EQUITY CAPITAL OF SUCH ASSOCIATION / EXCHANGE AS PRESCRIBED UNDER COMMODITY EXCHANGE GUIDELINES AND POST 5-YEAR GUIDELINES

17-DEC-2013 		 
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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