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SOURCE OF INFORMATION

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 : 03-JUL-2025

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.

(PAN:AAACF5737C)  
  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  
The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column.

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