ROC approves FTIL name change to 63 Moons Tech
FTIL on Friday said that it has received approval from the Registrar of Companies (ROC) for changing its name to 63 Moons Technologies. In August last year, Financial Technologies (FTIL) had proposed to change its name to 63 Moons Technologies Ltd as it seeks to reinvent itself in the wake of the NSEL crisis.
FTIL was once a pioneer in exchange technology business, but eventually exited the commodity and stock exchanges it had set up after the group's spot exchange for agriculture products NSEL got embroiled in a Rs 5,600-crore payment default case.
"The Registrar of Companies (ROC), Chennai, has approved the application(s) made by the company for change of name... the name of the company stands changed to 63 Moons Technologies Limited with effect from May 27, 2016," Financial Technologies on Friday said in a regulatory filing. The copy of the certificate of incorporation pursuant to change of name has been received from the ROC, it added. In November 2014, Financial Technologies had said it was imperative to give the company a new name and identity that reflects the genesis of its business and the next phase of growth.