INVESTOR ISSUES


The National Stock Exchange (NSE) released its annual report over the weekend, making news for the announcement that it was planning to apply again for an initial public offering (IPO). The Indian capital market is in a rare bull market where food delivery major Zomato is seeing its share...

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Moneylife Digital Team 03 August 2021
Market regulator Securities and Exchange Board of India has allowed asset management companies (AMCs) to offer instant access facility in overnight schemes of mutual funds. Earlier, AMCs were allowed to offer such a facility only in liquid schemes. Instant access facility (IAF) facilitates...

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Moneylife Digital Team 02 August 2021
“In the securities market investors are likely to be victims of the system again and again because that is flawed. In laws such as the SEBI Act, they have no rights to fight a suit against him, they cannot go to a district court. They can file an appeal in the SAT against a SEBI order, which...

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Moneylife Digital Team 29 July 2021
Demat and trading account holders have been advised by depositories to complete their know-your-customer (KYC) details by 31 July 2021. Failure to do so would result in deactivation of their accounts, warns Central Depository Services Ltd (CDSL) and National Securities Depository Ltd...

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Moneylife Digital Team 27 July 2021
Jubilant FoodWorks Ltd, which owns master franchise for Domino's Pizza in India, says the claims made by RattanIndia Enterprises Ltd (RIEL) for its Revolt electric vehicles do not convey complete and factual arrangement between the companies.    In a regulatory filing, Jubilant...

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Moneylife Digital Team 26 July 2021
Giving a big relief to nominees of a depositor of Senior Citizen Savings Scheme (SCSS), the Indian Banks’ Association (IBA) has asked its member banks not to levy any penalty on withdrawal from the scheme by a nominee or legal heir after the death of the account-holder.   In a...

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Payal Agarwal 23 July 2021
The recent cases of intervention by the stock market regulator and stock exchanges in preferential allotment of listed companies such as PNB Housing, LIC Housing Finance and Barbeque Nation have brought to fore an important but fundamental point. It may be recalled that the articles of...

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Moneylife Digital Team 23 July 2021
The National Company Law Appellate Tribunal (NCLAT) has refused to grant a stay on the implementation on Piramal Capital and Housing Finance Ltd's resolution plan for troubled mortgage lender Dewan Housing Finance Ltd (DHFL). Mumbai-based financial services company 63 moons technologies Ltd...

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In the past couple of weeks, I have written about how the Securities and Exchange Board of India (SEBI) wants to permit new stock exchanges and depositories with disruptive technology and vastly liberalised entry norms. This hurried proposal, if implemented, would be one of the biggest market...

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Moneylife Digital Team 21 July 2021
The Union government says Justice (Retd) RM Lodha committee appointed by the Supreme Court had received about 1.50 crore claim applications from investors of PACL Ltd and is refunding money phase-wise and claim amount-wise depending upon the corpus available.   Responding to a...

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Moneylife Digital Team 20 July 2021
Market regulator Securities and Exchange Board of India (SEBI) has barred Global Infratech and Finance Ltd (GIFL), the company directors and 12 other individuals from the securities market for their roles in a fraudulent scheme of trading in the firm's shares.   The company (GIFL) and...

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Moneylife Digital Team 17 July 2021
On Saturday, LIC Housing Finance (LICHFL) issued a clarification regarding its preferential issue proposal claiming there is no violation of the provisions of the Articles of Association (AOA).   Despite this, LIC Housing Finance Limited has been denied permission to release the...

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Moneylife Digital Team 16 July 2021
Market regulator Securities and Exchange Board of India (SEBI) has decided to introduce block mechanism in demat account of clients undertaking sale transactions from 1 August 2021. With the block mechanism, the time to return securities back to client's demat account would be...

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Moneylife Digital Team 16 July 2021
Fresh broker defaults continue and the industry is now seeing a record 28 defaults or expulsions since November 2019, just a little before the pandemic. In our article in December 2020, we reported that this was the highest number of broker defaults in the past 20 years. Until then, there...

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Is history repeating itself, with retail investors starting to trade algos without a regulatory structure in place? Until recently, we believed that there were two markets operating within our stock exchanges. One is what Michael Lewis described as the Flash Boys who have their servers...

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The Supreme Court on Wednesday said consent of majority shareholders is required when trustees seek winding up of the debt mutual fund (MF) schemes. However, the top court emphasised that the consent would be obtained post publication of notices.   The top court's judgement came on a...

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Moneylife Digital Team 14 July 2021
The National Stock Exchange (NSE) has expelled one more brokerage, namely, Stampede Capital Ltd, which is a listed entity. A senior official from NSE has confirmed this.   In a notification, NSE says, "All members are hereby informed that the following trading member has been...

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Moneylife Digital Team 14 July 2021
The National Stock Exchange (NSE) has expelled two brokers, viz., Kolkata-based Destiny Securities Ltd, and Mumbai-based Star Share & Stock Brokers Ltd from its membership while declaring these brokers as defaulters.    In a statement, the Exchange says, "NSE has expelled the trading...

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The Reserve Bank of India (RBI) on Monday issued the 'RBI Retail Direct' scheme to facilitate investment into government securities by individual investors.   The scheme, to help retail investors or individuals open and maintain the 'Retail Direct Gilt Account' (RDG Account) with the...

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Keeping the government's plan to come up with the mega initial public offer (IPO) of insurance major, Life Insurance Corporation of India (LIC) in the ongoing financial year intact, the Cabinet committee of economic affairs (CCEA) has given in-principle approval to the IPO.   A top...

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