REGULATIONS


MDT/PTI 07 December 2012
According to Minster, there were 1,290 defaulters while the total penalty imposed on them was Rs112.25 crore as on 30 June 2012   New Delhi: The Union Government has said that market regulator Securities and Exchange Board of India (SEBI) has sought stronger powers to recover...

Read More



MDT/PTI 07 December 2012
SEBI said Bilcare CMD Bhandari bought 5.60 lakh shares or 17.6% stake, taking his stake to 22.43% in the company but failed to submit a mandatory report   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) said it has imposed a penalty of Rs1 lakh on Bilcare's CMD...

Read More



MDT/PTI 07 December 2012
SEBI said evidence is insufficient to establish that Kothari had acquired 5% shares of Alka Securities Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has disposed of the case against Mahesh Kothari, one of the promoters of Alka Securities Ltd (ASL), related to his...

Read More



MDT/PTI 07 December 2012
RBI has asked all core investment companies investing in joint ventures or subsidiaries or representative offices overseas in financial sector to obtain require prior approval from the central bank   Mumbai: The Reserve Bank of India (RBI) has said core investment companies (CICs)...

Read More



MDT/PTI 05 December 2012
Sud bought about 1.51 lakh shares of the company taking her stake in SR Industries to 5.39% from 4.19% but did not inform SEBI as mandated Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has settled the case against one Meenakshi Sud after she made a payment of...

Read More



MDT/PTI 05 December 2012
SAT while upholding the findings by SEBI, said no action has been initiated by the regulator against the counter parties (MKJ Group) who provided finance to Shraddha Stock Broking for entering into the trades in question Mumbai, Dec 4 (PTI) The Securities Appellate Tribunal has reduced...

Read More



MDT/PTI 05 December 2012
SEBI observed that ICL and its former MD Sanghavi made false and misleading statements in the quarterly results ending December 2003, with positive outlook which would induce the investors to deal in the company shares Mumbai: Market regulator Securities and Exchange Board of India...

Read More



MDT/PTI 05 December 2012
The central bank hopes that these college will become a key tool of consolidated supervision particularly considering the ever expanding footprint of Indian banks abroad   Mumbai: The Reserve Bank of India (RBI) has set up two supervisory bodies for State Bank of India (SBI) and ICICI...

Read More



MDT/PTI 04 December 2012
Commodities market regulator FMC, which analysed the trading data of NSEL, had found that National Spot Exchange allowed trading on its platform without verifying whether the seller has stocks with him or not, thus in effect allowing 'short sale' by members   New Delhi: The union...

Read More



MDT/PTI 04 December 2012
A bench headed by Chief Justice Altamas Kabir granted one more day to Sahara which sought additional time to make a statement on when it would return Rs27,000 crore invested by people in its two companies   New Delhi: Sahara group was on Tuesday given a day more by the Supreme Court...

Read More



Moneylife Digital Team 04 December 2012
In 2008, SEBI declared that art funds are collective investment schemes as per its regulations issued in 1999. In 2012, it dismissed a complaint filed by an investor against Osian's Art fund saying that the case does not fall under its purview. What exactly is happening? Collective...

Read More



MDT/PTI 04 December 2012
SEBI has imposed a penalty of Rs50,000 on Concurrent (India) Infrastructure Ltd, (now known as Shriniwas Power & Infrastructure Ltd) and Rs3 lakh on K Nirupama and Rs3.25 lakh on K Nirmala, both promoters of the company   Mumbai: Market regulator Securities and Exchange Board of India...

Read More



Moneylife Digital Team 03 December 2012
SAT orders SEBI to look into Osian's Art Fund following an investor’s complaint. The regulator had brushed off the complaint arguing that art funds do not come under its purview In a new twist to the never-ending Osian's saga and its unfortunate investors, the Securities Appellate...

Read More



MDT/PTI 03 December 2012
Finance Ministry has requested all states and union territories to set up such a committee to enable enhanced information-sharing among the concerned agencies New Delhi: With an aim to safeguard the investors from possible frauds involving collective investment schemes, the government...

Read More



MDT/PTI 03 December 2012
SEBI is looking at regulations in various countries, including major Asian financial markets like Singapore and Hong Kong, to fine-tune its own disclosure norms New Delhi: With an aim to preventing insider trading, capital markets regulator Securities and Exchange Board of India (SEBI)...

Read More



MDT/PTI 03 December 2012
Companies where the promoter holding was more than 75% at the end of September quarter include DLF, Jet Airways, Wipro, Tata Communications, Tata Tele, Sun TV, L&T Finance, Omaxe, Fortis Healthcare and Reliance Power New Delhi: About 200 listed companies with promoter stake of more than...

Read More



MDT/PTI 30 November 2012
SEBI allowed Sabero Organics to get away from redressing 79 pending complaints from its investors by paying Rs6.8 lakh Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has settled a case against Sabero Organics Gujarat Ltd after the company made a payment of Rs6.80...

Read More



MDT/PTI 30 November 2012
SEBI said Mathur is alleged to have had connections with the entities belonging to Mehta group, which had allegedly executed trades through broker Triveni Management Consultancy Services of which Mathur was the CEO Mumbai: Market regulator Securities and Exchange Board of India (SEBI)...

Read More



MDT/PTI 29 November 2012
The Securities Appellate Tribunal while dismissing the appeal filed by Sahara India Real Estate Corp and Sahara Housing Investment Corp, said that any further direction in the case can be sought for and granted by the Supreme Court alone   Mumbai: The Securities Appellate Tribunal...

Read More



MDT/PTI 29 November 2012
SEBI found that MITL sold shares of Mascon Global to various entities associated with Ketan Parekh and certain overseas corporate bodies to create artificial volumes   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has barred Mascon Information Technologies Ltd...

Read More

Free Helpline
Legal Credit
Feedback