INVESTOR ISSUES


In what is a triple whammy week for the Kolkata-based SREI group, rating agencies CARE and Acuité Ratings & Research have downgraded SREI Infrastructure Finance Ltd (SIFL) to default category. Separately bondholders and the debenture trustees of SREI group have approached the National Company...

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In a major relief for India's working class, the Employees' Provident Fund Organisation (EPFO) has decided to keep interest rates on Provident Fund deposits for the financial year 2020-21 unchanged at 8.5 per cent.   On Thursday, the Central Board of Trustees, EPF, recommended 8.50...

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Moneylife Digital Team 02 March 2021
After hearing the grievances of investors and clients of Anugrah Stock & Broking Pvt Ltd (Anugrah) the Bombay High Court says there exists a prima facie case and the statutory authorities have, indeed, failed in performing their duties under the law. Especially the bench observed that market...

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Ace investor Warren Buffett is of the view that fixed-income investors might face a bleak future.   In his letter to the shareholders of Berkshire Hathaway, Buffet said: "Fixed-income investors worldwide -- whether pension funds, insurance companies or retirees -- face a bleak...

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Moneylife Digital Team 25 February 2021
The capital market regulator, Securities and Exchange Board of India, has floated a consultation paper to introduce the concept of ‘accredited investors’ in the Indian securities market and sought public comments on the same. The comments can be sent to the regulator latest by 18 March 2021....

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Moneylife Digital Team 25 February 2021
The Association of National Exchanges Members of India (ANMI) has raised several serious questions on the Wednesday's trading halt at the National Stock Exchange (NSE). In a letter to market regulator Securities Exchange Board of India (SEBI), the association alleged that NSE had knowledge of...

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Moneylife Digital Team 19 February 2021
Bringing housing finance companies (HFCs) under closer scrutiny, while safeguarding interests of investors and depositors, the Reserve Bank of India (RBI) has issued master directions. These directions cover maintenance of liquidity coverage ratio, risk management, asset classification and...

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Maya M 15 February 2021
One more Ponzi or money circulation scheme is promising huge returns on investment to gullible investors. This scheme operating under the name of Trade Money, has its office at Dadar in Mumbai. It claims to borrow money from the investors and use it for “trading in stocks in bulk” while...

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Moneylife Digital Team 10 February 2021
The Lalitpur police have registered a case against the branch manager, regional manager, and divisional head of Sahara India for accepting deposits under various term schemes and not refunding about Rs3 crore to investors, says a report.   According to a report from Amar Ujala,...

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Moneylife Digital Team 02 February 2021
Upstox (also known as RSKV Securities India Pvt Ltd), India's second largest brokerage platform, faced a massive technical glitch yesterday leading to several investors suffering serious losses after they were unable to square up positions. Even today, investors suffered losses after Upstox...

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The Company Law Committee on Decriminalisation of the Limited Liability Partnership Act, 2008, has recommended the inclusion of a provision in the Act for issuance of non-convertible debentures (NCD) by LLPs.   Among other recommendations, the committee has suggested decriminalisation...

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The Economic Offences Wing (EOW) of Delhi Police said on Monday that it has arrested former CEO of National Spot Exchange Ltd (NSEL) Anjani Sinha for fictitious trading on the exchange and for creating false stocks.   The EOW, which had registered a case in 2015 on a broker's...

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Maya M 16 January 2021
Axis Trustee Services Ltd, which is the debenture trustee for various listed, secured, and unsecured non-convertible debentures (NCDs) issued by Srei Equipment Finance Ltd (SEFL) has sought the views of bondholders on whether to challenge the moratorium order passed by the National Company...

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Moneylife Digital Team 15 January 2021
Paresh Kariya, the founder and director of Anugrah Stock and Broking Pvt Ltd (ASBPL), was arrested last night. The brokerage firm is accused of having cheated investors across the country of hundreds of crores of rupees and multiple FIRs have been filed against the owner and the broking firm....

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Moneylife Digital Team 15 January 2021
An investor of Dewan Housing Finance Corp Ltd (DHFL) has urged Shaktikanta Das, governor of Reserve Bank of India (RBI) to stop 'self-serving fraud' being allegedly perpetrated by the administrator, debenture trustees, banks and their advisers upon fixed deposit (FD) and non-convertible...

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Moneylife Digital Team 13 January 2021
Investors baffled with dwindling interest rates on deposits, especially amidst the COVID pandemic, are desperately searching for better returns on investment. No wonder, there is a spurt in 'get rich quick' schemes and scams that are luring such investors. There is one such entity SM Trade...

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The Reserve Bank of India (RBI) on Tuesday imposed a penalty of Rs 2 crore on Deutsche Bank AG for non-compliance with certain directions issued by the central bank.   An RBI statement said that the action is based on the deficiencies in regulatory compliance and is not intended to...

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Maya M 12 January 2021
In an alarming development for retail investors of Kolkata-based non-banking finance company (NBFC), SREI group has apparently frozen interest payments and redemptions of its non-convertible debentures (NCD) from 1 January 2021 to 30 June 2021. This is the result of an order from the National...

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In a major development, the Supreme Court has stayed an order of the Securities Appellate Tribunal (SAT) wherein the latter had substituted a penalty by SEBI in a case of fraudulent trading in the shares of Mapro Industries, with just a warning.   The matter pertains to an appeal...

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The Securities and Exchange Board of India (SEBI) has proposed amendments in the regulations to ease the setting up of stock exchanges and depositories in the country.   In a statement, SEBI noted that the Indian securities market has witnessed dominance in trading and depository...

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