IFC’s study shows improved Corporate Governance standards in BSE 100 companies
IFC, BSE and Institutional Investor Advisory Services India Limited (IiAS) have found improvement in governance standards of Indian companies over the last one year, according to a release from IFC. The Corporate Governance Scorecard for 2017, a study done on companies forming the S&P BSE 100 index, constituting 67% market capitalisation of the stock exchange, aims to increase transparency and provide confidence to investors globally.  
 
The study suggests that more than 90% of the Sensex-30 companies have ameliorated in providing adequate disclosures and inducting more women directors. Additionally, the number of Sensex-30 companies giving detailed minutes of the Annual General Meetings, disclosures on succession planning and facilitating shareholder participation doubled in the last one year. The BSE 100 companies have improved on information standards with scores ranging between 85 and 50. 
 
“Companies have scored over 80% in each of the four scoring categories, but no one company has scored well across all categories. This shows that while there is room for improvement, a high score is achievable,” said Amit Tandon, managing director, IiAS. 
 
The Corporate Governance Scorecard tool, launched in December 2016, aims to help companies identify areas of improvement against best practices and promote effective decision making. Some other key insights of the study include better governed companies having relatively lower stock volatility and institutionally-owned companies having better governance scores as compared to other forms of ownership.
 
The 2017 Scorecard highlights several areas of improvement for Indian companies including better clarity on effectiveness of policies, improvement in board effectiveness, and enforcement of shareholder rights.

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COMMENTS

imtiyaz ahmad

3 months ago

I had lost my reciept of bond submission what can i do please help

sudi mahar sudi

3 months ago

Dear Sir HOW SUBMIT OUR DOCUMENT PLEASE SEND FORMAT OUR MAIL ID [email protected]
9741557102

NARESH GUPTA

3 months ago

Sir, policy holder and nominated person have expired. Kya successor claim kr skta. Or kr skta h to kya documents chahiye
Thanks

Arul Kanakaraj

4 months ago

My name is Arul , i am one of your client in PACL . As i need the webpage for the refund process , so kindly inform to my mobile number or email id
My contact no 9710393405 and [email protected]

Pintu Kumar

4 months ago

My name pintu kumar 1100 month
In 6 year ho gya hai please my money clear karwadigital my no 8084968138 email
[email protected]

Ranjeet Kumar

4 months ago

Hi,
Please refund my money. I have submitted it 2015. Rs: 1000.00 how will I get my money back. Please let me know process. Having been asked by agent of PACL.
Thanks
Ranjeet kumar
8800114357

Sajithkumar Um

5 months ago

Today only I came to know about this matter.
please do as favor About it.
please advise how can I apply for refund?
How can i get my cash return?
If any new news please inform to me as soon
email:[email protected]

Kalluprasd Gupta

5 months ago

Sir today I know about this pacl news I have invested 90,000 rs i have all my information, plz contact me my mobile no is 9930961030

Ajit Chandravanshi

6 months ago

pacl Ka refund kab tak milega sir KoI saHi news Bataye

Surabhi Saxena

8 months ago

Hello Sir,
My father invested in PACL and got to know now for refund requests we have all receipts with us . Also we have send twice application for refund in PACL offices but no response.
Kindly let me know how can we claim our amount .
Please let me know further @[email protected]

Thanks in advance

Virendra Arsey

8 months ago

today we came know abt refund claim. I have invested 25000. Now application form is not available. Pls suggest other ways to submit my claim. We want the money back.
my mobile No.9424955369

Akshay Kinekar

10 months ago

Hi.. Sir my father invested 50000 rs we didn't get any information about court order I came to know about refund process he has all the recepit and when would we able to get back our money today only i came to know about this. Please help what to do now? My email id is [email protected]

Divya R

11 months ago

Hi... My mom acts as a agent and many people have invested we didn't get any information about court order just few days before she came to know what should we do now to claim all money

pooja yad

11 months ago

please refund the money as early as possible.my contact no. 9873936171

Sachin Ghanwat

11 months ago

Sir mere papa ne isme 1,20000 Rs investment kiye he sir ,she has all the recepit and when would we able to get back our money

Strong stance by MSCI on ban on sharing market data outside India; asks BSE, NSE and SEBI to reconsider
MSCI Inc, a provider of equity, fixed income, hedge fund stock market indexes, and equity portfolio analysis tools, has asked Securities and Exchange Board of India (SEBI), as well as National Stock Exchange (NSE), the Bombay Stock Exchange (BSE) and the Metropolitan Stock Exchange (MSEI) to reconsider their move of impose anti-competitive measures and restricting access to Indian equity market.
 
In a strong statement, MSCI said, "...the breadth of the restrictions announced by the Indian exchanges is unprecedented in any equity market in the MSCI Emerging Markets Index series. MSCI strongly suggests the Indian exchanges and their regulator, SEBI, reconsider this unprecedented anti-competitive action before it leads to any unnecessary disruptions in trading or a potential change in the market classification of the Indian market in the MSCI Indexes."
 
Last week, NSE, BSE and MSEI together announced that they will no longer provide stock exchange information to any foreign exchange or trading platform for trading or settling derivatives, and will no longer license or provide market data to any index provider or its licensees for the creation of indexes or derivative financial products based on such indexes that would be traded or settled on a non-Indian exchange or trading platform where the weight of Indian
securities in the index is at least 25%. The restriction would apply to all derivatives that are traded or settled on a non-Indian exchange or trading platform, whether they were issued by an exchange or by some other party. 
 
The announcement also refers to the imposition of a written pre-approval restriction on the issuance of certain exchange-traded funds (ETFs) and exchange-traded notes (ETNs) or similar products based on indexes, but the full scope of the restriction is not yet clear.
 
MSCI says, "Based on the exchanges’ press release, we understand that the exchanges do not seek to impose a precipitous or disorderly wind down of the various products that would be affected in many markets around the world. Nonetheless, given the breadth of the application of the changes referred to in the announcement, we believe that if the changes are put into effect, the result will be disruptive and harmful to international institutional investors in Indian equities whether accessing the market onshore or offshore."
 
Under its market classification framework, MSCI says, anti-competitive measures restricting investors' access to derived stock exchange information receive a negative score in the Competitive Landscape category. "This is because of their negative impact on international institutional investors as the range of available financial instruments may be significantly reduced, limiting ways for cross-border investors to access a local market or to hedge an exposure to a local market," it added.
 
MSCI says, introduction of restrictive measures that may result in a material deterioration of the accessibility of an equity market is reviewed carefully by it in consultation with international institutional investors and other market participants and could lead to a change in market classification.
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COMMENTS

Shivar Kumar

7 months ago

Just today we came know abt refund claim. I have invested 10000. Now application form is not available. Pls suggest other ways to submit my claim. We want the money back. My phone no;9840973135

pooja yad

11 months ago

please refund the money as early as possible.

Sachin Ghanwat

11 months ago

My mob no 9503562683 plzz call me

Sreedevi Ammu

12 months ago

iam invested money RS40000 please give information in refund

Sheshadri Chaithra

12 months ago

Dear sir,
I am invested money Rs.30,000/- Please give information in refund.

Umesh Nalla

12 months ago

Dear Team,
My father has invested his hard earned money in [email protected] Surat....I came to know today only on refund part..we missed the date..please help me how to opt for refund....
I plead to help us on this......

Srinivasan R

1 year ago

Hi my name is srini In PACL my mom has been invested under her name N.Vasanthi now only I get to know about refund process kindly help me out in refund process

REPLY

Umesh Nalla

In Reply to Srinivasan R 12 months ago

Hi Sir, have u got any update ....?

Lathika Lathika

1 year ago

Sir I couldnt update my documents. Let me update

Amendments moved to give more teeth to anti-money laundering act
New Delhi, The government on Thursday sought to amend the Prevention of Money Laundering Act (PMLA), 2002 aiming to widen its scope by providing for action against property, equivalent to proceeds of crime, held outside the country.
 
So far, the government could only proceed against property held within the country.
 
The amendments made through the Finance Act, 2018 would also take care of certain procedural difficulties faced by the Enforcement Directorate (ED) in prosecution of PMLA cases.
 
The definition of "proceeds of crime" in PMLA was amended in 2015 to include "property equivalent held within the country" in case proceeds of crime is taken out or held "outside the country", an official statement said. 
 
It added that the present amendment would allow the government to proceed against property acquired abroad.
 
The government had also proposed to include corporate frauds as scheduled offence under PMLA so that Registrar of Companies in suitable cases would be able to report such cases for action by the ED under the PMLA provisions.
 
"This provision shall strengthen the PMLA with respect to corporate frauds."
 
The government also sought to make the applicability of bail conditions uniform to all the offences under PMLA, instead of only those offences under the schedule which are liable to imprisonment of more than three years.
 
"This will be a significant step forward in delinking the proceedings against scheduled offences and money laundering offences under PMLA," it said.
 
"Section 5(1) of the Act provides that every order of provisional attachment passed by an officer of the ED shall cease to have effect after 180 days from the date of the provisional attachment order, unless confirmed by the adjudicating authority under PMLA within that period. 
 
"The section is proposed to be amended to include the period of stay in this time limit of 180 days and also further period of not more than 30 days to take care of delays if any in communication of judicial orders," it added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Divya R

11 months ago

Hi... My mom acts as a agent and many people have invested we didn't get any information about court order just few days before she came to know what should we do now to claim all money

Ktech Sikka

12 months ago

pls help me to raise pacl refund because just today i came to know about refund My contact no 9840629308

manigandan r Gandanr

1 year ago

I'm PACL LMTD COMPANY TAKE 1- PLOTS BOOK 3--TIME IPP 1100*3300 ,I WON'T DETAIL REFUND.MY NAME IS R.MANIKANDAN

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