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Action Financial Services Declared Defaulter, Expelled by NSE Moneylife Digital Team 0 Mumbai-based Action Financial Services (India) Ltd (AFSL), a listed company, which in October last year closed its business, has been declared as defaulter member and expelled by the National Stock Exchange (NSE).
Similarly, NSE Clearing Ltd has also declared AFSL as defaulter. The exchange has also advised investors to file their claims within three months.
In a public notice, NSE says, .Action Financial Services has been declared defaulter under Byelaws 1(a) of Chapter XII of the Byelaws of the Exchange and expelled under Rules 1 and 2 of Chapter IV of the Rules of the Exchange. ....