If you are an Existing User, please enter your Username & Password below

Forgot Password?

Are you a New User? Click here to enrol

close

Click here to visit old website
Co-Sponsors

SOURCE OF INFORMATION : SECURITIES AND EXCHANGE BOARD OF INDIA WEBSITE – PRESS RELEASES/ CHAIRMAN’S AND MEMBER’S ORDERS / AO ORDERS/ SAT ORDERS/ NEWSPAPER ADS
UPDATED TILL : 21-NOV-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

DIRECTED TO DIVEST EQUITY SHARES AND / OR ANY INSTRUMENT THAT PROVIDES FOR EQUITY SHARES OR RIGHTS OVER EQUITY SHARES AT ANY FUTURE DATE, HELD BY IT, DIRECTLY OR INDIRECTLY, IN MCX-SX, MCX-SX CCL, DSE, VSE AND NSEIL WITHIN 90 DAYS FROM DATE OF THIS ORDER THROUGH SALE OF SHARES AND / OR INSTRUMENTS

FTIL AND THE ENTITIES IN WHOM IT INDIRECTLY HOLDS EQUITY SHARES OR ANY INSTRUMENT ENTITLING VOTING RIGHTS IN MCX-SX, MCX-SX CCL, DSE, VSE AND NSEIL SHALL CEASE TO BE ENTITLED TO EXERCISE VOTING RIGHTS IN RESPECT OF THOSE SHARES OR INSTRUMENTS, WITH IMMEDIATE EFFECT

19-MAR-2014 		SAT: APPEAL DISMISSED

SAT: SAT VIDE ITS ORDER DATED 21/08/2014 PERMITTED APPLICANT TO MOVE APPLICATION SEEKING EXTENSION OF TIME. NO COSTS

SAT: APPEAL DISMISSED. NO COSTS

SAT: SAT VIDE ITS ORDER DATED 01/03/2016 ALLOWED TO WITHDRAW THE APPEAL WITH LIBERTY TO AGIGATE ALL THE CONTENTIONS RAISED IN APPEAL AT THE HEARING OF AFORESSAID SHOW CAUSE NOTICE. NO COSTS
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

This website is not comprehensive and is being updated on a regular basis. Users are requested to carefully look at the formats and the information about the coverage period that appears on search results pages.

DISCLAIMER BY NSE

NSE is the co-sponsor of this website and supportive of the initiative taken for protection of interest of investors by Praxis Consulting & Information Services Pvt.Ltd. (PRAXIS), the creator of this website. However, NSE bear no responsibility for the views/information that is available on this website and as responsibility of the contents of this website solely rests with PRAXIS. NSE shall not be responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to or reliance on any information available on this website. Investors/visitors of this website are also advised to read through the other general disclaimer(s) and terms and conditions available on this website before using the website.

Site designed and maintained by watchoutinvestors.com
© PRIME DATABASE GROUP 2004-2024
No part of this site may be reproduced without the explicit permission of the owners.

top