INVESTOR ISSUES


Moneylife Digital Team 02 June 2021
Market regulator Securities and Exchange Board of India (SEBI) has banned Indore-based Capital Heed Financial Research's sole proprietor Shailendra Sen from the capital markets for three years for furnishing false information to the regulator in his application for registration as an...

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Moneylife Digital Team 28 May 2021
Market regulator Securities and Exchange Board of India (SEBI) ordered attachment of properties related to PACL Ltd in an illegal fundraising case as part of efforts to recover thousands of crores of investors’ money. According to SEBI’s notice, the properties being attached are land parcels...

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Moneylife Digital Team 24 May 2021
In a relief for Yes Bank Ltd in the AT-1 (additional tier-1) bonds case, the Securities Appellate Tribunal (SAT) has imposed an interim stay on an order passed by Securities and Exchange Board of India (SEBI), which had imposed a penalty of Rs25 crore on Yes Bank, and three of its executives:...

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Six months after Karvy Stock Broking Ltd (Karvy) was expelled by the National Stock Exchange (NSE) and declared a defaulter, there is almost no legal action against the firm by retail or institutional investors. This is because C Parthasarathy, its group chairman, has reached out to people...

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Moneylife Digital Team 12 May 2021
Amidst instances of misuse of client collateral by trading members, market regulator Securities and Exchange Board of India (SEBI) has issued a new proposed framework for segregation and monitoring of collateral at client level. The proposal comes in the wake of the Karvy Stock Broking crisis...

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In case you have read my earlier piece, and your curiosity has been whetted as to which ‘damn fool’ would hand over a right and take on an obligation for a paltry premium, here’s the answer.   The person that does this is an option seller (or writer). He takes on an obligation without...

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Moneylife Digital Team 03 May 2021
In a major relief to its customers, the State Bank of India (SBI) has now decided to permit acceptance of documents for KYC updation through email or post in the wake of problems faced by customers due to local lockdowns evoked due to the second wave of coronavirus pandemic.   In a...

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The unitholders of the six shut schemes of Franklin Templeton Mutual Fund will get Rs2,488.75 crore in the week starting Monday, May 3.   This will be the third tranche of disbursement for the investors after the distribution of Rs9,122 crore across five schemes in February and...

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Moneylife Digital Team 30 April 2021
Investors who lost over Rs1300 crore in the Anugrah and TejiMandi collapse were shocked to see a new twitter handle of the same name (@TejiMandiApp)  actively soliciting business.   Moneylife received several messages asking if TejiMandi has been allowed to revive. Several people...

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In a civilised society, rights and obligations are matched. If you rent a house, you have the right to live in it and the obligation to pay rent, while the landlord has the right to get rent and the obligation to let you live in it. If either side does not meet its obligation, it loses the...

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Moneylife Digital Team 27 April 2021
As many as over 1.27 million investors of PACL Ltd, with a claim of up to Rs10,000, have received more than Rs438 crore, says market regulator Securities and Exchange Board of India (SEBI).   The Justice Lodha committee is supervising the SC-ordered process of selling PACL's assets...

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Moneylife Digital Team 24 April 2021
The Securities and Exchange Board of India (SEBI) has imposed a penalty on an individual for his failure to comply with disclosure requirements while dealing with the shares of ITC Ltd.    SEBI conducted an investigation in the scrip of ITC from 1 April 2018 to December 2018 to...

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Moneylife Digital Team 21 April 2021
Market regulator Securities and Exchange Board of India (SEBI) has clarified that registered investment advisors (IAs) can offer execution services for their advisory clients but only without charging any commission or fees.    SEBI has reiterated that an investment adviser (or group...

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Moneylife Digital Team 19 April 2021
The Securities and Exchange Board of India (SEBI), on Friday, imposed penalties of Rs12 lakh and Rs6 lakh on CPR Capital Services Ltd and PRB Securities Pvt Ltd, respectively for multiple violations with respect to using National Stock Exchange (NSE)'s co-location (Colo)...

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Moneylife Digital Team 14 April 2021
Market regulator Securities and Exchange Board of India (SEBI) has cautioned investors of fraudsters, who are posing as its officers and extorting money under the pretext of resolving grievances.    These fraudsters are already been noticed by the regulator and the market watchdog has...

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Moneylife Digital Team 09 April 2021
The Insurance Regulatory & Development Authority of India (IRDAI) has issued draft guidelines for general insurance companies to come up with trade credit insurance products with customised covers for small and medium enterprises (SMEs) and micro, small, and medium enterprises...

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Moneylife Digital Team 01 April 2021
Market regulator Securities and Exchange Board of India (SEBI) has reduced the timelines to four days for refunding investors' money in case of non-receipt of minimum subscription and the issuer failing to obtain listing or trading permission from the stock exchanges. The timelines have been...

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Moneylife Digital Team 01 April 2021
After issuing an order to reduce interest rates on small savings schemes that would have delivered a blow to savers who depend on these schemes for income and social security, the Union government had withdrawn the order issued on 31 March 2021. Finance minister Nirmala Sitharaman (FM) says,...

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Moneylife Digital Team 31 March 2021
After record-high active client additions and average daily turnover (ADTO) in a pandemic-marred fiscal, brokerages will continue to see positive revenue growth in fiscal 2022. Nevertheless, the growth will be muted, with volatility and peak margin regulations being the dampeners. Discount...

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This is more of a narration of a personal nature and those hard pressed for time may turn to something more worthwhile.    Having made many dubious investments in the initial public offerings (IPOs) of the 1980s, the talk in the early 1990s, post the 1991 blockbuster Budget, of the...

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