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.
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.
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.
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.
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.
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.
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.
26 Aug 2013
Mumbai: Stock exchanges have decided to bar defaulters, who caused Rs 5,500-crore payment crisis at NSEL, from all trading activities as per direction from markets regulator Sebi in the latest crackdown against such entities.
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.
05 Sep 2013
New Delhi: Corporate Affairs Ministry is looking into whether the crisis-ridden National Spot Exchange violated Company Laws and is yet to take a final decision on SFIO probe into the matter.