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Merger of NSEL with Financial technologies

Posted on 22 October 2014,    
 14751    Share  Report

The Central Government has decided on the merger of National Spot Exchange Limited with its holding company Financial Technologies (India) Ltd., in public interest under Section 396 of the Companies Act, 1956. A draft order in this behalf has been issued. All due procedures in this regard shall be followed. The members of the two companies, its creditors may provide suggestions/objections within a period of 60 days. 

The text of the draft order along with its Annexures can be seen at the web-site of the Ministry of Corporate Affairs at www.mca.gov.in 

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