Financial Technologies (India) Ltd.

SAT-appeal

• SEBI rejection of appellant's application seeking extension of time to sell shares of certain entities
  Appeal allowed to be withdrawn with liberty to agitate all contentions at show cause hearing · All contentions of both parties kept open
  Appeal: Appeal No. 437 of 2014 withdrawn and disposed on 01.03.2016; Misc. Application No. 24 of 2015 disposed as not surviving
• FTIL declared not fit and proper under Reg 20(1)(b)(v) SECC Regulations to hold shares in stock exchanges/clearing corps solely based on FMC order dated 17.12.2013.
  FTIL is not fit and proper to acquire or hold equity or instruments entitling equity in recognized stock exchange or clearing corporation directly or indirectly · FTIL to divest equity/instruments held directly/indirectly in MCX-SX, MCX-SX CCL, DSE, VSE and NSEIL within 90 days from 19 March 2014