Jignesh Shah, a pioneer in developing the Indian financial market, is a founder of Multi Commodity Exchange (MCX), the nation’s biggest commodity trading platform, built up 10 massive institutions such as (MCX-SX), India Energy Exchange (IEX), National Spot exchange Limited (NSEL), and global exchanges such as Singapore Mercantile Exchange (SMX), Dubai Gold and Commodity Exchanges (DGCX),…
Month: April 2017
Illegal Arrest Of Jignesh Shah – Article 21 of the Indian Constitution
The Enforcement Directorate (ED) had already filed a complaint against Jignesh Shah and 67 others in the court on 30th March 2015 and the matter is sub judice. The ED’s arrest of Jignesh Shah on July 12, 2016, is illegal, unjustifiable and against the process of law. The arrest violates Article 21 of the Constitution of…
Jignesh Shah – The unsung hero of Indian Financial Markets
The Czar of Exchanges, Jignesh Shah’s meteoric rise in the Indian financial markets is nothing short of a movie script. For someone who started as an aspiring entrepreneur and went on to become one of the most influential figures in the trading industry, his story still inspires many new generation entrepreneurs. He completed his Bachelors…
Curious Case of Jignesh Shah : Everyone is Perplexed
The Indian Judiciary is notorious for dragging cases indefinitely. Most often, the perpetrators walk free and the victims remain aggrieved. The way Jignesh Shah’s case is being handled has left the nation astonished. Jignesh Shah, famously known as “the poster boy of Indian securities” has been facing a peculiar course of justice that can arguably…
The Unstoppable Jignesh Shah
The path that Jignesh Shah had paved for himself seemed destined for heavens. It looked like there was no stopping for this maverick. Here’s his story. After passing out as an electronics engineer, he worked for the BSE, with a team that was in the process of setting up its BOLT system. After understanding different…
Why impose Section 397 on 63 Moons?
It is unlawful to take over and regulates the affairs of a Company based on erroneous assumptions after passing of almost 20 months without ascertaining ‘oppression’ and ‘mismanagement’ under Sec 397 & 398 of Companies Act, 1956. It also invoked Sections 401, 402 and 408 to approach the Company Law Board to take over or…
The New Digital Ecology 