REGULATIONS


Moneylife Digital Team 10 September 2015
A Bombay High Court order in a suit filed by NSE against Moneylife upholds the freedom of the press when due process of verification is followed, as Moneylife did   The Bombay High Court on Wednesday, while dismissing a notice of motion directed the National Stock Exchange (NSE) to...

Read More



Moneylife Digital Team 09 September 2015
While dismissing NSE's notice of motion, the High Court asked the Exchange to pay Rs3 lakh as cost to Sucheta Dalal and Debashis Basu of Moneylife and pay Rs47 lakh as donation to two hospitals within two weeks   The Bombay High Court on Wednesday, while dismissing National Stock...

Read More



Companies Act threatens to take away protection from minority shareholders   Alittle less than two decades ago, the term ‘delisting’ was virtually unheard of, as there would be talk only of listing. In fact, at that time, the general belief in the investor community was that shares,...

Read More



IANS 08 September 2015
Indian software majors Infosys Ltd and Tata Consultancy Services Ltd (TCS) on Tuesday said that the US labour department did not find any violation of visa rules by them.   "The US department of labor concluded its investigation, with no violations of compliance found in the...

Read More



But what happens to Citrus Check Inn?    The Securities & Exchange Board of India (SEBI) has issued another decisive order against Royal Twinkle Star Club, a massive collective investment scheme (CIS), which has been luring people with the promise of high returns. Moneylife has been...

Read More



IANS 02 September 2015
The Income Tax department had sent notices to 68 FIIs demanding Rs602.83 crore as MAT dues of previous years, and these FIIs, in turn, moved court challenging the demand   The government on Tuesday accepted the recommendations of the Justice A.P.Shah committee on the applicability of...

Read More



Moneylife Digital Team 01 September 2015
The Reserve Bank has brought out draft guidelines for banks adopting marginal cost of funds methodology while calculating base rates, which it thinks are more sensitive to changes in policy rates   The Reserve Bank of India (RBI) on Tuesday, released draft guidelines on base rates for...

Read More



SAT upholds SEBI’s order asking the company to refund money to investors   In another step towards unravelling the mind-boggling Rs49,100 crore raised by PACL Ltd through a collective investment scheme (CIS), on 18th August, the Securities Appellate Tribunal (SAT) has upheld SEBI’s...

Read More



IANS 31 August 2015
India's food safety watchdog on Monday notified the draft norms for regulating microbes in meat and meat products, and said they would come into force after 60 days of it being published in the official gazette.   It also invited stakeholders to file their comments and objections...

Read More



Moneylife Digital Team 26 August 2015
The appointment will be based on the recommendation from the Search-cum-Selection Committee. However, the Committee is free to identity and recommend any other person who has not applied for the post     The Central Government has started the process to select new Chairman for market...

Read More



IRDAI has come out with norms for insurance advertisement. While the changes will help improve transparency, ‘buyers beware’ will still apply in insurance buying   The Insurance Regulatory and Development Authority of India (IRDAI) has issued fresh norms on insurance advertisements to...

Read More



TruthInAdvertising.org 26 August 2015
Lawsuit alleges retirees were duped into borrowing against pensions   A lawsuit filed last Thursday by state and federal regulators in the US against two pension advance companies alleges that the online services misled military veterans and others by duping them into borrowing...

Read More



Moneylife Digital Team 25 August 2015
While asking Royal Twinkle Star Club and its directors not to collect money from investors, SEBI refused to lift the ban on Citrus Check Inns, the new avatar of RTSC    Market regulator Securities and Exchange Board of India (SEBI) has directed Royal Twinkle Star Club Ltd (RTSC) and...

Read More



Moneylife Digital Team 25 August 2015
SEBI asked Aspen Projects to refund money it collected from investors with an interest of 15%   Market regulator Securities and Exchange Board of India (SEBI) has asked Kolkata-based Aspen Projects India Ltd (Aspen Projects) and its directors to refund money, the company had illegally...

Read More



Moneylife Digital Team 25 August 2015
SEBI found that AGIL had garnered over Rs92 lakh from nearly 1,100 investors through redeemable preference shares   Market regulator Securities and Exchange Board of India (SEBI) has directed Aditya Global Industries Ltd (AGIL), formerly known as Angels Agro Industries, to refund in...

Read More



IANS 24 August 2015
In a statement, the SEBI said its board was apprised of the representations received from industry bodies/law firms and others on the subject matter and noted the guidance note under the insider trading regulations clarifies that exercise of ESOPs is not considered as "trading" for the...

Read More



Moneylife Digital Team 24 August 2015
The SEBI Board approved draft amendment to regulations that would be notified on 28th September for repealing of FCRA, necessary for merger of FMC with the market regulator    Market regulator Securities and Exchange Board of India (SEBI) has approved draft amendment to regulations...

Read More



Moneylife Digital Team 21 August 2015
SEBI said Eminence Infraproject collected Rs39.33 lakh from 331 investors by offering 'redeemable preference shares' during 2010-2013   Market regulator Securities and Exchange Board of India (SEBI) has barred Eminence Infraproject Ltd and the company directors, Somenath Banerjee, Apu...

Read More



Moneylife Digital Team 19 August 2015
The company was engaged in fund mobilising activity through the issue of Redeemable Preference Shares, to more than 49 persons, without complying with the relevant provisions of the Companies Act, 1956, according to a SEBI Order   SEBI passed an order on 13 August 2015 on Magnox...

Read More



Politically-connected Alchemist group under regulatory fire   Troubles seem to be raining on the once politically powerful Kanwar Deep Singh (KD Singh), a politically powerful member of parliament (MP) in the Rajya Sabha representing the Trinamool Congress. He is also the owner of...

Read More

Free Helpline
Legal Credit
Feedback