INVESTOR ISSUES


Moneylife Digital Team 24 May 2022
Market regulator Securities and Exchange Board of India (SEBI) on Monday announced changes to guidelines  for passive mutual fund (MF) schemes, aiming to boost exchange-traded funds (ETFs).   Further, the market regulator notified that the index shall not have over 25% weight in a...

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Moneylife Digital Team 24 May 2022
The tracking error for equity exchange traded funds (ETFs)/index funds cannot exceed 2% and the tracking difference for debt funds—averaged over one year—must be within 1.25%, as per the recent circular of the Securities and Exchange Board of India (SEBI) on passive mutual fund (MF)...

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After a week-long mayhem in the global crypto exchanges that wiped out hundreds of billions of dollars, a senior official at the International Monetary Fund (IMF) has said that the regulators must put up guardrails to protect innocent investors.   The shocking implosion of the...

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On 8 March 2022, the enforcement directorate (ED) at Hyderabad issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) against C Parthasarathy, founder of the Karvy group of entities, his sons Adiraj Parthasarathy and Rajat Parthasarathy, and the following...

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The past two years after global lock-downs were triggered by the COVID-19 pandemic, India's investor population has almost doubled due to the rush of new investors. Strangely, however, the brokerage business is seeing a huge churn with scores of broker defaults and even more trading members...

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On 6 May 2022, Elcid Investments Ltd, listed on the Bombay Stock Exchange (BSE), a name unknown to many until then, with an issued share capital of 2,00,000 equity shares of Rs10 each, with the promoters holding 1,49,950 shares, announcing that the postal ballot to initiate the delisting...

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Moneylife Digital Team 21 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 crore on IIFL Securities (IIFL) Ltd for violating regulations  in 2014. SEBI had conducted multiple audits of IIFL's books of accounts and discovered that the company had violated the SEBI circular of...

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Moneylife Digital Team 20 May 2022
Markets regulator Securities and Exchange Board of India (SEBI) has imposed penalties totalling Rs38.75 crore on 32 entities, including Fortis Healthcare Holdings, in a case related to diversion of funds of Fortis Healthcare Ltd (FHL) and misrepresentations to conceal the fraud.   The...

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Moneylife Digital Team 19 May 2022
Market regulator Securities & Exchange Board of India (SEBI) has permanently withdrawn its recognition granted to Indian Commodity Exchange Ltd (ICEX).    In a statement, the market regulator says, "The withdrawal of recognition was pursuant to an order passed by VS Sundaresan,...

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The shocking implosion of the TerraUSD and Luna crypto-currencies (crypto) threw many young investors into a panic, some of them saying their entire assets were blown up or even leaving suicidal messages.   In a crash starting a week earlier, the once bullish TerraUSD and sister coin...

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The pandemic has been a flourishing time for the brokerage business. India’s investor population nearly doubled, as people from the age of 9 years to 90 years turned into traders after a quick online class. Brokers used this boom during the lock-down to lure and loot people with well-laid...

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Moneylife Digital Team 13 May 2022
The Securities and Exchange Board of India (SEBI) had invited Sucheta Dalal, founder-trustee of Moneylife Foundation, to make a presentation for an ad-hoc committee headed by G Mahalingam, a former whole-time member (WTM) of SEBI. She was asked to put together and present an investor...

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Moneylife Digital Team 11 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 lakh on an ex-employee of Infosys for violating the model code of conduct in a case related to shares of Infosys. The individual, Prateek Sarawgi, was working as an Associate Manager (Business...

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Moneylife Digital Team 11 May 2022
Market regulator Securities and Exchange Board of India (SEBI) has derecognised Indian Commodity Exchange Ltd saying the bourse does not have sufficient number of experienced staff and requisite financial capacity. Consequently, “ICEX shall cease to be a recognised stock exchange,” SEBI said...

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In what could dampen the mood of crypto lovers, sales of non-fungible tokens (NFTs) have fallen a massive 92 per cent since September last year, shows data from popular website NonFungible.   The sale of NFTs fell to a daily average of about 19,000 this week, a 92 per cent decline...

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The National Spot Exchange Limited (NSEL) said on Wednesday that the Supreme Court (SC) has approved the constitution of a high-powered committee headed by retired judge of the Bombay High Court, Pradeep Nandrajog, for recovery of monies from the defaulters where NSEL has secured money...

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Share of retail investors (individuals with up to Rs2 lakh shareholding) in companies listed on the National Stock Exchange (NSE) reached an all-time high of 7.42% as on 31 March 2022 from 7.33% as on 31 December 2021, as per Primeinfobase, an initiative of Prime Database group.   In...

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Mandatory corporate governance rules have not stopped the management of listed companies, public-private partnerships or even first-line regulators from doing what they please. The independence of boards is a sham; directors are usually eager to please management and ignore whistle-blowers,...

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Last Thursday, the Central Bureau of Investigation (CBI) filed a charge sheet against Chitra Ramkrishna, former chief executive officer (CEO) of the National Stock Exchange (NSE) and Anand Subramanian, former group operating officer (GOO), in connection with the co-location (Colo) fraud case...

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Moneylife Digital Team 29 April 2022
Sunness Capital India Pvt Ltd (Sunness Capital) has become the 32nd defaulter broker since May 2019, to be expelled by the National Stock Exchange (NSE). According to NSE, the Bengaluru-based broker's trading rights have been withdrawn in equity, futures & options (F&O) and commodity segments...

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