INVESTOR ISSUES


Moneylife Digital Team 19 October 2020
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs4.5 crore on IndusInd Bank for violating norms such as ‘exposure norms’, ‘prudential norms on income recognition, asset classification and provisioning pertaining to advances’, etc.    The RBI release mentions that...

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Moneylife Digital Team 16 October 2020
Close on the heels of several brokerages shutting shops, Mumbai-based Action Financial Services (India) Ltd (AFSL), a listed company, has also closed its business as stock trading member. While AFSL has disabled its terminals from 18 September 2020, several of its clients are clueless about...

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Moneylife Digital Team 16 October 2020
Investors of Modex International, a brokerage firm, which has apparently duped investors of around Rs100 crore can finally hope to get some money from stock exchange investor protection funds.  Although the largest default was on the National Stock Exchange (NSE), the Bombay Stock Exchange...

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Moneylife Digital Team 14 October 2020
In a petition before the Bombay High Court, hundreds of investors of Anugrah Stock & Broking Ltd have come together to demand the setting up of a multi-agency special investigation team so that the assets are consolidated and auctioned efficiently. The petition has made the National...

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Moneylife Digital Team 14 October 2020
Market regulator Securities and Exchange Board of India (SEBI) while warning investors about messages that contain stock tips or investment advice has advised not to rely on such messages for investment decisions.   In a release, SEBI says, it noticed unsolicited messages containing...

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On 18 August 2020, the Securities Appellate Tribunal (SAT) issued a landmark order that exposes the callousness of the regulatory system and holds a big lesson for those holding corporate directorships. Associating with a dodgy company can have far-reaching personal consequences, both in...

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Moneylife Digital Team 07 October 2020
ITC is a blue-chip Indian company that has been at the centre of furious debates and discussions among investors. Its high rates of return, low-debt, large size and humungous cash-flows have attracted individual value pickers, large institutional investors to the stock over the past one year,...

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Moneylife Digital Team 07 October 2020
The Securities and Exchange Board of India (SEBI) has now tightened rules for fresh issues of AT1 (additional tier-1) bonds issued by banks, to restrict retail investors from investing in them. The new rules for issuance, listing and trading of these perpetual non-cumulative preference shares...

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Moneylife Digital Team 07 October 2020
In its institutional research report on Vedanta released on 5th October, ICICI Securities (ISec) had mentioned that the book value of Rs89.3/share was “approved by SEBI.”   This shocked the financial community because the Securities and Exchange Board of India (SEBI) has no role in...

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IANS 07 October 2020
The Securities and Exchange Board of India (SEBI) has made it mandatory for banks to issue Additional Tier-1 bonds on the 'Electronic Book Provider' platform irrespective of issue size.   The securities market regulator on Tuesday released the norms for issuing, listing of additional...

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Moneylife Digital Team 06 October 2020
Independent corporate governance research and proxy advisory firm Stakeholders Empowerment Services (SES) has released a detailed note which explains how Hindustan Zinc Ltd (HZL) has not paid dividend to Vedanta shareholders in violation of its own dividend distribution policies...

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Moneylife Digital Team 06 October 2020
A forensic audit has indicated several wrongdoings, including insider trading, by the key management personnel of Franklin Templeton Asset Management (India), says a report from Moneycontrol.   The report says, "Certain key officials of the fund had redeemed their personal investments...

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Moneylife Digital Team 06 October 2020
Are the promoter group entities of Electrosteel Castings Ltd, which on Monday announced an amalgamation scheme with Srikalahasthi Pipes Ltd, involved in insider trading? The allegation has been making the rounds of social media with details of their trades.   According to the...

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Moneylife Digital Team 01 October 2020
In a supreme irony, the State Bank of India (SBI) AT1 bonds, which yield more than SBI’s fixed deposits, are being hawked in a manner similar to the way those of Yes Bank were mis-sold. India’s largest State-owned bank SBI which is on a massive fund raising spree, is currently on a roll,...

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Moneylife Digital Team 28 September 2020
The Central Board of Direct Taxes (CBDT) has clarified that there is no requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares for assessment year 2020-21.    In a statement, the CBDT says, "The Finance Act allowed exemption to the...

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Moneylife Digital Team 24 September 2020
After making substantial changes to regulations governing investment advisors (IA), in July, market regulator SEBI (Securities and Exchange Board of India) has come out with further detailed guidelines on September 23rd.   This follows the new regulations which were first proposed in...

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IANS 22 September 2020
As the market regulator's recent change in norms regarding constitution of multi-cap schemes continues to cause some discomfort among mutual funds, SEBI (Securities and Exchange Board of India) Chairman Ajay Tyagi on Tuesday said that the regulator is not forcing anyone to invest in mid- or...

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Moneylife Digital Team 21 September 2020
The Bombay High Court (HC) has appointed a court receiver for all fixed assets of Anugrah Stock & Broking Pvt Ltd, while asking directors of the brokerage firm, as well its sub-broker Teji Mandi Analytics Pvt Ltd, not to leave the HC jurisdiction or country without...

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Moneylife Digital Team 19 September 2020
The Bombay High Court has appointed a court received for all fixed assets of Anugrah Stock & Broking Pvt Ltd, while asking directors of the brokerage as well its sub-broker Teji Mandi Analytics Pvt Ltd, not to leave the HC jurisdiction or country without permission.   Fixed assets...

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Edelweiss Custodial Services Ltd (ECSL) allegedly sold Rs420 crore of clients’ shares, mutual funds and securities from 9th March to 7 May 2020, without first seeking additional cash collateral or encashing the bank guarantee (BG) available with it, alleges Paresh Mulji Kariya, promoter of...

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