REGULATIONS


IANS 30 December 2015
New Delhi: The Competition Commission of India (CCI) on Tuesday approved the formation of a 2.75 billion euro joint venture (JV) for synthetic rubber production by German chemicals company Lanxess and Saudi Arabia's Aramco Overseas Company (AOC), in which each will hold a 50 percent...

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IANS 29 December 2015
The Supreme Court on Tuesday upheld the Kerala government's liquor policy restricting service and consumption of liquor at bars in five star hotels only.   An apex court bench comprising Justice Vikramjit Sen and Justice Shiva Kirti Singh in their judgement pronounced on Tuesday said...

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Moneylife Digital Team 28 December 2015
PACL, despite its similar request pending before the Supreme Court, has approached the High Court seeking stay on SEBI's proceedings to recover the money   PACL Ltd, formerly known as Pearl Agrotech, has appealed to the Delhi High Court for a stay order against recovery proceedings...

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The number of people scammed is endless, while that of people who have successfully recovered their money is negligible. Even well-educated people are naïve enough to believe that easy redress is available and tend to lash out on hearing that none of the financial regulators will help them...

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Regulation and commercial pressures can make a difference to buyers in 2016   By all indications, many changes set in motion this year will impact the real estate industry in 2016 and beyond, in a way that will benefit ordinary Indians yearning for an affordable roof over their...

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Moneylife Digital Team 22 December 2015
The Delhi High Court on Tuesday issued notice to Delhi Chief Minister Arvind Kejriwal and five other AAP leaders in a defamation suit filed by Finance Minister Arun Jaitley.   The court sought replies from Kejriwal, Kumar Vishwas, Raghav Chadha, Ashutosh, Sanjay Singh and Deepak...

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IANS 21 December 2015
It proposes Insolvency Regulator to exercise regulatory oversight over insolvency professionals, insolvency professional agencies and informational utilities   Highlights of the bill for an Insolvency and Bankruptcy Code that was introduced in the Lok Sabha, the lower house of...

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Moneylife Digital Team 21 December 2015
The order is likely to reduce crores of wealth of millions of small shareholders’ into junk, tied up in 5,152 companies listed exclusively at 22 Regional Stock Exchanges (RSE), according to a release from the Midas Touch Investors Association   Delhi High Court has dismissed a Public...

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Landmark judgement will have a far-reaching impact in making other regulators also more accountable and transparent in providing information under RTI Act   As 2015 winds to a close, a landmark judgement of the Supreme Court of India (SC) has demolished the walls of India’s most...

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Moneylife Digital Team 21 December 2015
As a subscriber and regular reader of Moneylife, I would like to bring to the notice of the editor some of the recent activities of some corporate giants which do not treat investors fairly. I hope Moneylife will not only write to the concerned corporate giants but also take up the issues...

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Moneylife Digital Team 18 December 2015
While the bill tries to protect consumers, slow approvals are a major reason behind delays and increasing cost of property. The Bill does not address this   The Union Cabinet has finally cleared the Real Estate (Regulation and Development) Bill, which is being planned to be tabled in...

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Public sector companies are flouting SEBI regulations with impunity. Why should SEBI discriminate between PSUs and private sector companies on levying penalties for non-compliance?   The official website of the British Monarchy states that although civil and criminal proceedings...

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IANS 16 December 2015
The Supreme Court on Wednesday appointed Justice Virendra Singh, - former judge of the Allahabad High Court - as the Lokayukta of Uttar Pradesh and expressed its disapproval of the way constitutional authorities mandated to appoint the ombudsman failed to discharge their...

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IANS 16 December 2015
The Supreme Court on Wednesday directed the central government to prepare a memorandum of procedure that will be followed by the apex court collegium in the appointment of judges to the higher judiciary.   Pronouncing the order, the apex court constitution bench headed by Justice...

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IANS 16 December 2015
The Supreme Court on Wednesday increased by 100 percent the environment compensation charge (ECC) for the commercial vehicles entering Delhi and imposed a blanket ban on the registeration of diesel vehicles of engine capacity of 2,000 cc and above in the entire National Capital...

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These cases highlight the utter disregard, bordering on contempt, shown to SEBI by the companies and their directors   A few years back, the Securities and Exchange Board of India (SEBI) examined the money mobilisation of Helios Corporation and Helios Chemicals; both registered in...

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IANS 14 December 2015
Since PACL and its promoters-directors failed to refund money to investors as per the directions of SEBI and SAT, the market regulator said it has initiated the recovery proceedings   Market regulator SEBI said as part of its recovery proceedings, it has attached all bank and demat...

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IANS 11 December 2015
The Supreme Court on Thursday upheld an amendment to the Haryana Panchayati Raj Act providing for educational qualifications and other eligibility criteria for those aspiring to contest rural local body elections, saying that they were neither irrational nor illegal.   A bench of...

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Shruti Agarwal 10 December 2015
RBI's new circular allows authorised dealer category-l banks to offer payment facility for e-commerce players for imports by entering into standing arrangements with the online payment gateway service providers   E-commerce world has taken conventional business by a sweep and has...

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Ministry of social justice takes note of the issue raised by 80-year old S Krishnamurthy   There is good news for senior citizens who have moved to retirement homes. The government, it appears, is finally going to listen to their issues. A month ago, I wrote about a PIL (public...

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