INVESTOR ISSUES


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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Investments made by non-resident Indians (NRIs) on a non-repatriation basis will not be considered for calculation of indirect foreign investment.   The Department for Promotion of Internal Policy and Trade (DPIIT) under the Ministry of Commerce and Industry has reviewed the policy on...

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According to a media report, the scam-ridden Franklin Templeton Mutual Fund (FTMF) has placed its hands on its holster in a preemptive move to avoid punishment for its actions in India. It has indirectly threated the Indian government that if the market regulator dares to levy ‘unfairly large...

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The Economic Times (ET) has reported on the first page that Franklin Templeton (FT) is trying the time-tested trick of US-based businesses to apply diplomatic pressure whenever they find themselves in hot water with any foreign governmental agencies.    To give the devil its due, the...

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Moneylife Digital Team 27 March 2021
Time and again, the National Stock Exchange (NSE) has been found more focussed on brokers increasing their turnover than what they are doing to increase business for the exchagne. So, when the now crisis-hit Anugrah Stock and Broking Pvt Ltd (ASBPL) reported a sudden jump of 2546% in volumes...

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In what may give a fillip to stock broking activity, an appellate authority has exempted stock brokers buying or selling shares for clients from payment of GST on delayed payment charges.   The Appellate Authority for Advance Ruling (AAAR), Uttar Pradesh, has modified an earlier order...

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Moneylife Digital Team 25 March 2021
The Bombay High Court on Thursday admitted an interim application filed by Yes Bank AT1 Bond Holders Association for their claims worth Rs160 crore. While allowing the plea with specific prayer, the bench of justice AA Sayed and justice SP Tavade asked Securities and Exchange Board of India...

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The finance ministry’s intervention has probably led to a few quick announcements by the capital market regulator on the embarrassing outage at the National Stock Exchange (NSE) on 24th February. The Reserve Bank of India (RBI) Bulletin for March also seemed to contradict NSE’s claim about...

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