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63 Moons Technologies Ltd.

BSE: 526881 Sector: IT
NSE: 63MOONS ISIN Code: INE111B01023
BSE 15:53 | 27 Mar 2018 63 Moons Technologies Ltd
NSE 05:30 | 01 Jan 1970 63 Moons Technologies Ltd

Updates on Draft Order of amalgamation of National Spot Exchange Limited (NSEL) with Financial Techn

November 13, 2014, 8:23 am | Source: BSE

Financial Technologies (India) Ltd has informed BSE that :

This is further to the announcement made by Financial Technologies (India) Limited (the ?Company?) on October 21 2014 that the (i) Company has received a communication from Ministry of Corporate Affairs on the Draft Order of Amalgamation for proposed forced amalgamating National Spot Exchange Limited (NSEL) with the Company in terms of Section 396(1) of the Companies Act 1956 (the ?Draft Order?) and (ii) Company is taking appropriate steps in the matter in consultation with its legal counsel.

The Board took note of the appointment of Amarchand & Mangaldas & Suresh A. Shroff & Co. (AMSS) as its Principal law firm.

FTIL being aggrieved by the Draft Order and the proposed forced amalgamation the Company along with a few shareholders has filed a writ petition before the Hon?ble Bombay High Court under Article 226 of the Constitution of India inter alia challenging the issuance of the Draft Order and / or any forced amalgamation as proposed or howsoever.