Following the exit of Deloitte as auditors in the aftermath of the National Spot Exchange crisis, Financial Technologies India Ltd (FTIL) on Wednesday said it has appointed Sharp & Tannan Associates as its auditors with immediate effect.
The company's board has also appointed V P Mehta & Company as internal auditors of the company.
"...the Board of Directors of the Company has appointed M/s, Sharp & Tannan Associates, as the statutory auditors of the company with immediate effect, subject to the approval of shareholders at the ensuing Annual General Meeting," the company said in a filing to the BSE on Wednesday.
On June 10, the company had informed the BSE that Deloitte resigned as its statutory auditors.
In September last year, auditors of the company withdrew their report for the previous financial year against the backdrop of the payments crisis at its unit NSEL.
FTIL-promoted NSEL is engulfed in a Rs 5,600-crore payment crisis after it suspended trading of forward contracts on July 31.
FTIL has also been declared unfit by the Forward Markets Commission - the commodity market regulator - - to run an exchange and ordered to pare its stake in Multi Commodity Exchange (MCX) to 2 per cent from 26 per cent at present.
FTIL is the in process of divesting its stake.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
