REGULATIONS


MDT/PTI 04 September 2012
CIC Satyananda Mishra also directed SEBI to make public statistical details of number of cases in which penalty has been imposed and the number of cases which have been closed without any penalty   New Delhi: The Central Information Commission has directed the Securities and Exchange...

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MDT/PTI 04 September 2012
SEBI carried out investigation into alleged irregularity in trading in the shares of 12 entities   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Sunil Kumar Mehta for alleged indulging in synchronised trading activities...

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MDT/PTI 03 September 2012
SEBI's proposed steps are aimed at safeguarding the investors' interest and ring-fencing the IPO market from possible over-pricing of the public offers through a nexus between the company promoters and merchant bankers   New Delhi: Market regulator Securities and Exchange Board of...

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MDT/PTI 03 September 2012
Carmakers are accused of abusing their dominant position by making available spare parts only through their authorised dealers, who in turn sell them at higher rates New Delhi: The Competition Commission of India (CCI) may soon send notices to as many as 17 carmakers, seeking their...

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Sucheta Dalal Sucheta Dalal 01 September 2012
After the landmark verdict by the apex court, Subrata Roy-led Sahara Group has come out with full page ads in various newspapers. This is childishness and only underlines the dangers of allowing this group to keep expanding without regulatory checks and balances In hindsight, it was...

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Vinod Kothari Vinod Kothari 01 September 2012
With life savings of millions at stake, the question is—why was the administration sleeping while this Rs20,000 crore was raised through a million agents?   The ruling of the Supreme Court in the Sahara Real Estate Corporation (Sahara) case is a landmark ruling, not so much for the...

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Moneylife Digital Team 31 August 2012
The apex court while upholding SAT verdict, also asked SEBI to probe Sahara India Real Estate Corp and Sahara Housing Investment Corp and find out their actual subscriber base In a big blow to Subrata Roy-led Sahara group, the Supreme Court on Friday asked the group to refund Rs17,400...

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SEBI investigations found that only part of the proceeds from the preferential allotment were received by Aastha and the same funds were re-circulated as the allotment consideration from the five entities New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has...

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SEBI suspended registration of Rajkumar C Basantani and Kolar Sharex for allegedly misleading investors   Mumbai, Aug 30 (PTI) Market regulator Securities and Exchange Board of India (SEBI) has suspended the registration of two stock brokers for making false statements regarding issue...

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Banks will have to incorporate a clause in the FD form to give option of premature withdrawal by survivor in case of death of the other joint account holder   Mumbai: The Reserve Bank of India has asked the urban co-operative banks to modify fixed deposit (FD) account opening form to...

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The matter relates to SEBI's investigation into the affairs of BoR for a period between June 2007 and December 2009. SEBI said allegations of breach of relevant regulations by these two do not stand established and therefore, they are absolved of the charges   Mumbai: Market regulator...

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While one case is related to investigations by SEBI in the IPO of RDB Rasayans, the other relates to alleged irregularities in the IPO and trading of the shares of PG Electroplast. SEBI still has not passed its final orders in these cases in last seven months after imposing interim...

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The move would facilitate business relationship between non-residents and local businessmen Mumbai: The Reserve Bank of India has allowed non-residents to provide guarantee for non-fund based activities to residents, a move that would facilitate business relationship between...

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To shorten the entire IPO process, SEBI is also working at faster allotment of shares to investors and reduce the time -gap between closure of issue and final listing from 12 days to five days   New Delhi: Capital Market regulator Securities and Exchange Board of India (SEBI) will...

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The move to allow partial flexibility in conversion of IDRs is expected to help in attracting foreign entities to list their IDRs on domestic bourses   Mumbai: Financial regulators -- Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) -- allowed partial...

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While lowering the fine from Rs10 lakh to Rs2 lakh, the tribunal consented with SEBI's charges that Platinum Corp never implemented certain corporate announcements made by it and its promoters and directors offloaded their holdings after a rise in share price New Delhi: The Securities...

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From now onwards, the affiliated stock broker has to issue a public advertisement in a local newspaper located at the sub-broker's place of work to publicly inform his/her registration Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has asked stock brokers to make...

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Frontier Leasing and Finance sold 2.86% stake in Subway Finance and Investment but did not disclose the information for over 2,808 days   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) imposed a penalty of Rs50,000 on Frontier Leasing and Finance Ltd (FLFL) for...

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Moneylife Digital Team 27 August 2012
All depository participants have been asked by SEBI to provide basic services demat account with limited services and reduced cost to retail investors Market regulator Securities and Exchange Board of India (SEBI) has asked all depository participants (DPs) to provide a “basic services...

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  IPPs and OFSs are avenues made available to the promoters to help them dilute their stake and meet the guidelines of 25% minimum public shareholding in private companies and 10% in PSUs New Delhi: With an aim to help promoters dilute stake to meet minimum 25% public holding norms,...

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