REGULATIONS


Moneylife Digital Team 13 August 2013
SEBI decided to heavily penalise unregistered collective investment schemes, or the so-called Ponzi or MLM schemes Market regulator Securities and Exchange Board of India (SEBI) has decided  to heavily penalise unregistered collective investment schemes, or the so-called Ponzi or...

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Moneylife Digital Team 12 August 2013
Two of these three banks are from Switzerland and one is from the UK. SEBI suspects that some portfolio managers at these banks could have helped their Indian clients to route their money back into India in disguise of foreign funds Market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 08 August 2013
Just last month, the government had promulgated an ordinance amending the securities law that would provide more powers to SEBI and plans to introduce a new bill to replace the ordinance in the ongoing Monsoon session The Indian government on Thursday withdrew a bill to amend the...

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Virendra Jain 06 August 2013
Under the new ordinance, SEBI becomes an absolute power in ‘settling’ defaults and is not accountable to any authority. Do these powers have legal sanctity? Market regulator Securities and Exchange Board of India (SEBI) was conferred unchallengeable powers through an ordinance on 18 July...

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Moneylife Digital Team 29 July 2013
While an independent consultant recently suggested to SEBI that it increase the headcount by more than 50% within 2-3 years, the regulator now aims to expand its workforce at a faster pace Having been given greater authority to take on market manipulators and fraudulent schemes, the...

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Moneylife Digital Team 22 July 2013
The amendments have made it clear that SEBI would have powers to pass orders against any person who has made profit or averted loss by indulging in any transaction or activity in contravention of the provisions of the SEBI regulations In a major upgrade of powers given to the Securities...

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Moneylife Digital Team 18 July 2013
SEBI is being given more powers to regulate fraudulent activities and ponzi schemes that collect money from gullible people by giving false information The Government has decided to come out with an ordinance to provide more powers to market regulator Securities and Exchange Board of...

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Moneylife Digital Team 16 July 2013
“We have already started the process of relooking at it (delisting regulations)... The work is going on delisting regulations,” said UK Sinha, SEBI chairman Having revamped buyback, minimum public shareholding and takeover norms, market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 09 July 2013
In a probe, FMC, the commodities regulator found that National Spot Exchange allowed trading on its platform without verifying whether the seller had stocks, thus allowing short sales by members   Food and consumer affairs minister KV Thomas on Tuesday said that the government would...

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Group and individual products set for a makeover The Insurance Regulatory and Development Authority (IRDA) had come out with new regulations for health insurance in February 2013. The guidelines had set the implementation date of 1st July, for group products, and 1st October, for...

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Moneylife Digital Team 03 July 2013
As part of our continuing campaign on poor disclosure of PMS data, we find that many PMS companies, including some of the biggest, have failed to disclose their schemes and performance on their own websites, despite a clear direction by SEBI The entire capital market regulation is based...

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Moneylife Digital Team 01 July 2013
The committee, headed by former cabinet secretary KM Chandrasekhar, recommended that “government may consider bringing more clarity and certainty while prescribing the taxation provisions for FPIs” A Securities and Exchange Board of India (SEBI) panel has suggested that the government...

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Moneylife Digital Team 01 July 2013
SEBI had slapped a penalty of Rs2 lakh on Bengani after its probe had revealed that he along with some other entities had dealt in the scrip of T Spiritual World “in a fraudulent and manipulative manner” from 12 July 2004 to 4 February 2005 The Securities and Appellate Tribunal (SAT) has...

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During the buy-back period, the promoters will not be allowed to do any transaction on or off the market, as such a move may influence the price   Early this year, SEBI (the Securities and Exchange Board of India), brought out a discussion paper in order to ensure that the buy-back...

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Moneylife Digital Team 27 June 2013
While SEBI has made information related to PMS available on its website, only monthly data from January is available. What investors really need is historical performance. SEBI continues to ensure that investors find it impossible to get any useful historical performance...

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Moneylife Digital Team 27 June 2013
DE Shaw, which has also set up a financial sector joint venture with Reliance Industries in India, had filed this application with SEBI in July 2007 through DE Shaw Composite Investments (Mauritius) II Global private equity and investment management major DE Shaw’s application to set up...

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If a fund house is interested in just a targeted audience like HNIs or corporates they can create a PMS or Alternative investments Fund, no need to participate in the MF industry, said SEBI chairman UK Sinha For the first time market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 25 June 2013
Once again, the market regulator has mindlessly forwarded suggestions from EAS Sarma, a highly respected former bureaucrat, to the SEBI Complaint Redress System or SCORES without understanding the difference between an investor's complaint and suggestion EAS Sarma, former secretary to...

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Moneylife Digital Team 25 June 2013
The Securities and Exchange Board of India (SEBI) is finalising anti-money laundering guidelines for brokers and mutual funds (MFs) to put in place stronger checks against possible cleansing of funds through capital markets. The guidelines require brokers, MFs, merchant bankers,...

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Moneylife Digital Team 24 June 2013
The new norms would help in encouraging entrepreneurship in the country by financing small start-ups at a stage where such start-up finds it difficult to obtain funds from traditional sources of funding   Market regulator Securities and Exchange Board of India (SEBI) plans to bring in...

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