Govt decides merger of NSEL with FTIL
Source: IRIS | 21 Oct, 2014, 02.24PM
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The Central Government has decided on the merger of National Spot Exchange (NSEL) with its holding company Financial Technologies India (FTIL), 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.
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