INVESTOR ISSUES


Moneylife Digital Team 14 July 2021
The National Stock Exchange (NSE) has expelled one more brokerage, namely, Stampede Capital Ltd, which is a listed entity. A senior official from NSE has confirmed this.   In a notification, NSE says, "All members are hereby informed that the following trading member has been...

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Moneylife Digital Team 14 July 2021
The National Stock Exchange (NSE) has expelled two brokers, viz., Kolkata-based Destiny Securities Ltd, and Mumbai-based Star Share & Stock Brokers Ltd from its membership while declaring these brokers as defaulters.    In a statement, the Exchange says, "NSE has expelled the trading...

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The Reserve Bank of India (RBI) on Monday issued the 'RBI Retail Direct' scheme to facilitate investment into government securities by individual investors.   The scheme, to help retail investors or individuals open and maintain the 'Retail Direct Gilt Account' (RDG Account) with the...

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Keeping the government's plan to come up with the mega initial public offer (IPO) of insurance major, Life Insurance Corporation of India (LIC) in the ongoing financial year intact, the Cabinet committee of economic affairs (CCEA) has given in-principle approval to the IPO.   A top...

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Moneylife Digital Team 09 July 2021
The latest resolution proposing higher payouts to unsecured creditors including Axis Bank, Yes Bank and L&T Finance has been vehemently rejected by the committee of creditors (CoC) of Dewan Housing Finance Ltd (DHFL). From the copy of the results Moneylife has accessed in the Smartroom...

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For a majority of investors, once they invest their hard-earned money, there is no guarantee that they would receive good returns. In fact, many struggle to even get their principal (investment) amount itself from the entity. Here is an inspiring story of a small group of investors, who...

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Moneylife Digital Team 09 July 2021
With rampant manipulation in shares of companies under the corporate insolvency resolution process (CIRP), both the National Stock Exchange (NSE) and BSE have come out with a clarification for the manner of dealing with such companies.   This includes sharing promptly all the...

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In January this year, we were finalising the final proofs of our new book Absolute Power which documents the path-breaking rise of the National Stock Exchange (NSE) and the transformation it brought to the Indian capital markets. Parallel to NSE’s meteoric rise, India’s 23 stock exchanges and...

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Moneylife Digital Team 07 July 2021
The committee of creditors (CoC) of Dewan Housing Finance Corporation Ltd (DHFL) has started a new round of voting on yet another proposed new distribution mechanism. The latest round of voting started at 8am on  Wednesday (7th July) morning and will end at 5pm on Thursday (8th July)...

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Moneylife Digital Team 07 July 2021
The National Stock Exchange (NSE) has sought an explanation from a member about trades in Nifty futures that were higher than the prevailing market prices on 5th July. The Exchange has issued a press release saying, "We have received some enquiries about certain Nifty futures trades that were...

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Moneylife Digital Team 06 July 2021
Mumbai-based Arcadia Share & Stock Brokers Pvt Ltd has been declared as defaulter and expelled by National Stock Exchange (NSE). The Exchange has asked investor-clients of Arcadia Share & Stock Brokers to submit within three months, their claims online or in physical format. Arcadia's...

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Moneylife Digital Team 05 July 2021
Capital market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty on IL&FS Securities Services Ltd (ISSL) and Allied Financial Services Pvt Ltd (AFSPL) over their involvement in fraudulent transfer of mutual fund (MF) units from the client's accounts. SEBI has...

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Moneylife Digital Team 03 July 2021
Investment advisors cannot manage funds as well as securities on behalf of their clients and should not contemplate about asking power of attorney in this regard, the Securities and Exchange Board of India (SEBI) has clarified. Investment advisors can only provide investment advice to...

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Maya M 01 July 2021
Catalyst Trusteeship, the debenture trustee for non-convertible bonds (NCDs) issued by two Srei group companies has sent an email to all NCD holders late last night. The mail is seeking the consent of debenture holders for voting (on their behalf) in favour of or against the ‘scheme of...

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Moneylife Digital Team 30 June 2021
The Mumbai bench of the National Company Law Tribunal (NCLT) has directed Reliance Home Finance Ltd (RHFL) to refund to 18,959 debenture holders money they had invested along with interest within the next five months.   The NCLT order, which comes as a relief for hapless bondholders,...

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Moneylife Digital Team 30 June 2021
A public interest litigation (PIL) filed against the Securities and Exchange Board of India (SEBI) in the Dewan Housing Finance Ltd (DHFL) matter came up before the bench of chief justice Sanjib Banerjee and justice Senthilkumar Ramamoorthy of the Madras High Court (HC) on Tuesday. The Madras...

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Personal encounters, at times, have the power to draw one’s attention to events in far-flung lands. The news of a military coup in Myanmar in February this year reignited the memory of my personal encounters and an attempt to make sense of the event and its implications for...

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Moneylife Digital Team 29 June 2021
Market regulator Securities and Exchange Board of India (SEBI) on Tuesday approved several key changes in its regulations including amending mutual fund (MF) rules to provide for minimum investment as 'skin in the game' by asset management companies (AMCs), enabling special purpose vehicles...

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Moneylife Digital Team 28 June 2021
Between January 2015 and May 2021, there were more than 3,100 attacks worldwide against community leaders, farmers, workers, unions, journalists, civil society groups and other defenders, who have raised the alarm about irresponsible business practices. More than 40% of these attacks were...

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Moneylife Digital Team 23 June 2021
The committee of creditors (CoC) of the beleaguered Dewan Housing Finance Ltd (DHFL) has voted against a proposal that sought to increase payouts to fixed depositors and non-convertible debenture(NCD) holders in the company. A proposal to repay the Rs39 crore claim by the Army Group Insurance...

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