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FMC casts doubts on <strong>NSEL</strong> <strong>management</strong>, government mulling stock audit

FMC casts doubts on NSEL management, government mulling stock audit

20 Aug 2013

New Delhi: The NSEL affair got murkier as regulator FMC cast doubts on its management and charged that the crisis-ridden spot exchange is not complying with its directions and providing wrong information in the case involving Rs 5,600 crore dues to investors.

NSEL payment crisis,   National Spot Exchange,   NSEL dues,   NSEL controversies,   latest news,  
FMC asks <strong>NSEL</strong> to liquidate assets of defaulters

FMC asks NSEL to liquidate assets of defaulters

22 Aug 2013

New Delhi: Commodity markets regulator FMC directed NSEL to declare members, who have failed in making payments, as defaulters and liquidate all their realisable assets.

NSEL,   NSEL payment,   NSEL controversies,   NSEL management,   NSEL defaulters,   Latest news ,  
<strong>NSEL</strong> sacks top brass; fails to pay up first tranche of Rs 175 crore

NSEL sacks top brass; fails to pay up first tranche of Rs 175 crore

21 Aug 2013

Mumbai: National Spot Exchange has sacked its entire top management, including CEO Anjani Sinha, as the beleaguered bourse could manage to pay just over half of Rs 175 crore first tranche of payment due to investors.

NSEL,   NSEL payment,   NSEL controversies,   NSEL management,   NSEL CEO,   Latest news,  
Government orders merger of <strong>NSEL</strong> with Financial Technologies

Government orders merger of NSEL with Financial Technologies

13 Feb 2016

New Delhi: In a first-ever order to merge two private companies, the government yesterday directed the merger of scam-hit National Spot Exchange Ltd with its parent Financial Technologies.

NSEL and Financial technologies,   NSEL merge with Financial technology,   Government on NSEL,   NSEL,   Financial Technologies,   Latest Business News,  
FMC tightens settlement norms for commodity futures bourses

FMC tightens settlement norms for commodity futures bourses

24 Aug 2013

New Delhi: To avoid an NSEL like payment crisis at commodity futures exchanges, regulator FMC asked them to contribute 5 percent of their revenue every year in Settlement Guarantee Funds (SGF) and constitute a committee for its management.

NSEL payment crisis,   NSEL group,   FMC,   Risk Management Group,   Latest news,  
FMC asks bourses not to allow schemes with assured returns

FMC asks bourses not to allow schemes with assured returns

13 Sep 2013

New Delhi: In order to protect investors in the commodity futures market after the NSEL payment crisis, regulator FMC directed bourses not to allow its members to offer any scheme that lures investors with a promise of assured returns and portfolio management services.

Forward Markets Commission,   FMC rules,   NSEL payment crisis,   Finance Ministry,   portfolio management services,   PMS activities,  
Haji Ali Dargah <strong>Management</strong> Holds Deliberations Before Moving Supreme Court

Haji Ali Dargah Management Holds Deliberations Before Moving Supreme Court

30 Aug 2016

Mumbai: The management of the famous Haji Ali Dargah have started deliberations on challenging the Bombay High Court verdict, that lifted the ban imposed on women from entering the sanctum sanctorum of the shrine here, in the Supreme Court.

Haji Ali Dargah Management,   Supreme Court,   Dargah,   Bombay High Court verdict,   Latest Nation News,  
<strong>NSEL</strong> Investors Associations urges MCA to pass FTIL-<strong>NSEL</strong> merger order

NSEL Investors Associations urges MCA to pass FTIL-NSEL merger order

21 Mar 2015

Mumbai: NSEL Investors Associations on Friday asked the government to pass the final order for merger of FTIL and NSEL and quickly supersede the current board of FTIL.

NSEL Investors Associations,   FTIL NSEL merger,   NSEL,   FTIL,   National Spot Exchange Ltd,   Ministry of Corporate Affairs ,  
Against banning pyrotechnics: Puttingal temple <strong>management</strong>

Against banning pyrotechnics: Puttingal temple management

11 Apr 2016

New Delhi: Amid rising voices demanding complete ban on the firework display ritual in the wake of Puttingal fire tragedy that claimed 110 lives and critically wounded more than 300 devotees, the Travancore Devaswom Board (TDB), the managing body of the temple today said that it was not in the favour of a complete ban on the ritual.

Kerela,   Kerela tragedy,  Puttingal temple management,   Puttingal temple,   Latest state news,  
Government to merge <strong>NSEL</strong> with Financial Technologies

Government to merge NSEL with Financial Technologies

21 Oct 2014

New Delhi: The government has decided to merge National Spot Exchange Ltd (NSEL), which is embroiled in a Rs 5,600 crore payment crisis, with its holding group Financial Technologies.

NSEL,   National Spot Exchange Ltd,   Jignesh Shah,   Public organizations,   government banks ,  

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