REGULATIONS


MDT/PTI 25 October 2012
The market regulator feels that there is a need for a central legislation to regulate collection of money from citizens without requisite approvals and for dubious investment projects Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has asked the government to...

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MDT/PTI 25 October 2012
The move from RBI assumes significance as the SEZs or the tax-free zones are losing sheen because of withdrawal of tax incentives Mumbai: Relaxing the norms for Special Economic Zones (SEZs), the Reserve Bank of India has allowed domestic companies to make payments to units in these...

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MDT/PTI 25 October 2012
Forward Markets Commission in a report suggested various measures to check speculators, including review of easy credit by banks and other institutions for trading in commodities New Delhi: Commodities market regulator Forward Markets Commission (FMC) has suggested reviewing of easy...

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MDT/PTI 23 October 2012
Domestic banks already have SLR holdings of 23%, which are not marketable and therefore the RBI is thinking on to work out a scheme under which part of the SLR holding can be treated with Basel III liquidity norms   Mumbai: Anand Sinha, Deputy Governor of the Reserve Bank of India...

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MDT/PTI 22 October 2012
Expressing concern over some cases continuing for years, the SEBI Chairman said there is a need for special courts to expedite the process and it has asked the government to facilitate it Mumbai: Worried over delays in prosecution of those found to be involved in frauds and other...

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MDT/PTI 22 October 2012
Sinha said SEBI will always keep an upper edge over market manipulators with a robust surveillance system and safeguard mechanism for the markets and the investors Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has set a one- year target to complete...

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MDT/PTI 22 October 2012
SEBI is working on a Mutual Fund policy and once this policy is in place, the MF industry will have clarity about the future of the industry says UK Sinha Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has said there is a case for consolidation in asset...

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Prof Anil Agashe 22 October 2012
Business houses and politicians have always been bed fellows. They are two sides of corruption at the highest levels as all scams have proved   Politicians sometimes almost unwittingly, without realizing, seem to tell the truth! Of course it is in self-defence and certainly without...

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MDT/PTI 19 October 2012
Responding to a query regarding lock-in requirements for allotted shares, the market regulator said a prospectus is a document with legal validity and the company is legally bound to abide by the disclosures made therein New Delhi: Market regulator Securities and Exchange Board of India...

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MDT/PTI 19 October 2012
While declined oral plea and submissions of Sahara seeking extension for providing the documents, the apex court said SEBI can take action against the Sahara group companies for non-compliance New Delhi: The Supreme Court on Friday made it clear that the market regulator Securities and...

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MDT/PTI 19 October 2012
DIPP has asked the RBI to examine whether the Rs456 crore investments, first made by Wal-Mart in Cedar Services, was passed on to Bharti Retail, which runs Easyday chain of stores, in violation of FDI regulations and FEMA New Delhi: The Commerce and Industry Ministry has referred to...

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MDT/PTI 18 October 2012
The ED attached the accounts of Satyam Computers as its probe found that Raju and his associates 'wrongfully' offloaded inflated shares of the company by way of sale or pledging of shares   Hyderabad/New Delhi: The Enforcement Directorate (ED) on Thursday issued attachment orders...

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MDT/PTI 18 October 2012
RBI said banks should ensure that loans extended under priority sector are for approved purposes and the end use is continuously monitored   Mumbai: The Reserve Bank of India (RBI) has expanded the priority sector lending in agriculture, housing and small and medium enterprises (SME)...

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MDT/PTI 16 October 2012
While depositories and stock exchanges have already been asked to take necessary actions against defaulting companies, SEBI is of the view that certain regulations need to be amended to empower the depositories to take penal actions in such cases New Delhi: Market regulator Securities...

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MDT/PTI 16 October 2012
The market regulator advised all merchant bankers to take due care before filing the draft offer document as the framework for rejection of the offer documents has come into force   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has asked merchant bankers to...

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MDT/PTI 16 October 2012
In two separate orders, SEBI said it is disposing of the case against Subhashchandra Maheshwari and Manishbhai Mistry as the charges of violations of various norms by the two entities "do not stand established"   New Delhi: Market regulator Securities and Exchange Board of India...

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Sucheta Dalal Sucheta Dalal 16 October 2012
FSLRC's Approach Paper is impractical to implement Even before India embarked on economic liberalisation, the chairman of a financial institution used to say that we Indians suffer from the MAFA syndrome —Mistaking Articulation for Action. So the government sets up innumerable committees...

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MDT/PTI 15 October 2012
While refusing to stay the decision to allow FDI in retail, the apex court asked RBI to amend the FEMA regulations to allow implementation of the policy   New Delhi: The Supreme Court on Monday refused to stay the Centre's decision to allow foreign direct investment (FDI) in retail...

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MDT/PTI 15 October 2012
Investment advisers would be required to submit a credit report or credit score from CIBIL, instead of references from two bankers needed in the original draft regulations, while applying for SEBI registration   New Delhi: Investment advisers will need to have a good credit report...

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MDT/PTI 15 October 2012
  SEBI has decided to sign MoUs with six countries Argentina, Turkey, Kuwait, Qatar, Ireland and Latvia to attract foreign investors to Indian stock market   New Delhi: With an aim to attract foreign investors from a larger number countries to the Indian capital markets, regulator...

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