REGULATIONS


MDT/PTI 29 November 2012
The Finance Ministry has asked banks and financial institutions to initiate penal measures, like barring wilful defaulters from accessing new loans for five years and also filing complaint against the auditors   New Delhi: Worried over rising bad loans, the Union government has asked...

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MDT/PTI 28 November 2012
SEBI said allegations of breach of certain relevant regulations by Kailash Nath Bhandari and Azam Mohmmed Ahsan Shaikh do not stand established and they are being absolved of the charges   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has disposed of cases...

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Sucheta Dalal Sucheta Dalal 27 November 2012
Why is the regulator avoiding a 'statutory' corporate filing  system. In early November, the central information commissioner ordered the Securities and Exchange Board of India (SEBI) to reveal the names of 12 entities that had short-sold Reliance Petroleum shares in the derivatives...

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MDT/PTI 27 November 2012
On the count of violating broker norms, SEBI gave Hem Securities 'benefit of doubt', noting that the alleged trade was carried out only for two clients and that too through a sub-broker's terminal   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) disposed the...

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William Gamble William Gamble 26 November 2012
When the regulations make doing business impossible, the only shortcut is to bribe the officials enforcing the law and since most of the bureaucrats have an economic interest in an inefficient law, it remains in place   Law is simple: A series of yeses and nos; permits and...

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MDT/PTI 26 November 2012
Front-runners use confidential information for buying or selling securities ahead of a large order with the objective of benefiting from the subsequent price movement   Mumbai: Market watchdog Securities and Exchange Board of India (SEBI) has said it will review the regulations...

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MDT/PTI 26 November 2012
SEBI has now decided to extend the deadline for bid submission to 21st December and would open the technical bids on the same day   New Delhi: Market watchdog Securities and Exchange Board of India (SEBI) has extended the deadline by one month for submission of bids by public sector...

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Gurpur Gurpur 23 November 2012
Credit rating agencies are facing the wrath of investors over their rating decisions gone horribly wrong and law suits are being filed against them in several countries. Will SEBI and the RBI act in the interest of orderly development of rating mechanism in our country? Deepak Parekh,...

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MDT/PTI 23 November 2012
SEBI said that an Index ETF would be considered 'liquid', if it has traded on at least 80% of the days over the past six months Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has allowed exchange traded funds (ETFs) that track indices to trade in the short selling...

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MDT/PTI 22 November 2012
Ignoring the advice of five out of six external members of the Technical Advisory Committee, the RBI decided to keep the interest rates unchanged in the view of high inflation in its second quarter review of the monetary policy announced last month Mumbai: The Reserve Bank of India (RBI)...

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MDT/PTI 21 November 2012
During the first five months, SEBI also barred Shukla Data Technics, Top Telemedia, International Hometex and Alpine Industries and their respective directors from accessing securities market for not resolving investor grievances Mumbai: Tightening its noose on the companies that failed...

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MDT/PTI 21 November 2012
SEBI decided to discontinue mini derivatives contracts on Sensex and Nifty to deter small investors from this segment Mumbai: Market regulator Securities and Exchange Board of India (SEBI) said it has decided to discontinue mini derivatives contracts on Sensex and Nifty indices, to...

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MDT/PTI 21 November 2012
SEBI slapped a fine of Rs4.50 lakh on Lohia Polyesters for failing to redress investor complaints and  imposed penalty of Rs50,000 on the company for failing to submit certain information on SCORES Mumbai: The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs5...

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MDT/PTI 21 November 2012
Sinha, a businessman from Delhi had alleged that DLF and its directors and agents had lured and compelled him to transfer certain plots of land and did not fulfil the promise of developing the land and providing him higher returns New Delhi: The Delhi High Court has dismissed realty...

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MDT/PTI 20 November 2012
RBI also asked the UP commissioner of Cooperation and Registrar of Cooperative Societies to issue an order for winding up Ghaziabad Urban Cooperative Bank as well as appoint a liquidator for the bank   Mumbai: The Reserve Bank of India (RBI) has cancelled the licence of Ghaziabad...

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MDT/PTI 19 November 2012
SEBI will not get power to directly tap the phone calls, however, it would get call data records through agencies, says the Finance Minister New Delhi: The government is making an arrangement for market regulator Securities and Exchange Board of India (SEBI) getting access to call data...

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MDT/PTI 16 November 2012
According to the RBI Governor it will take at least eight-nine months to issue the first new bank licence if the Act is amended in the Winter Session of the Parliament   Pune: A day after Finance Minister P Chidambaram asked the Reserve Bank of India (RBI) to speed up the process of...

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MDT/PTI 15 November 2012
Chidambaram said his ministry has urged the central bank to proceed to finalise the guidelines and proceed to receive applications for new banking licences in anticipation of the amendment in the banking regulation act   New Delhi: Finance Minister P Chidambaram on Thursday said he...

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MDT/PTI 15 November 2012
Noting the defaults of Earnest Healthcare as repetitive in nature SEBI said the company did not even respond to the charges against it   Mumbai: Securities and Exchange Board of India (SEBI) has slapped a fine of Rs10 lakh on Earnest Healthcare for failing to redress investors'...

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Sucheta Dalal Sucheta Dalal 12 November 2012
Few positive actions have been taken by the Sebi on IPOs and depositories, to make them more investor friendly Investor Protection: Positive actions on the IPO front Market intermediaries have ridiculed two proposed actions by the Securities and Exchange Board of India (SEBI) which...

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