National Spot Exchange Ltd. (NSEL) and Financial Technologies India Ltd. (FTIL)

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....ational Spot Exchange Ltd. (NSEL) and Financial Technologies India Ltd. (FTIL) <br>News and Press Release<br>Dated:- 8-8-2015<br><BR>The Government issued a Draft Order under Section 396 of the Compan....

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....ies Act, 1956, for amalgamation of National Spot Exchange Ltd. (NSEL) with Financial Technologies (India) Ltd. (FTIL) on 21-10-2014. In the meanwhile, FTIL filed a Writ Petition before the Hon'ble Hig....

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....h Court of Bombay Judicature, against the Union of India/Ministry of Corporate Affairs, challenging the constitutional validity of the provisions of Section 396 of the Companies Act, 1956 and praying ....

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....for quashing of the said Draft Order. The matter is subjudice at present. This information was given by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sab....

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....ha.<BR> News - Press release - PIB....