REGULATIONS


Munira Dongre 01 November 2010
Analysts and economists at brokerages expect interest rates to rise by a minimum 25 basis points at the RBI’s half-yearly review tomorrow The Reserve Bank of India (RBI) has increased the repo and reverse repo rates five times since March this year - repo rate by 1.5% and the reverse repo rate...

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Moneylife Digital Team 28 October 2010
Sun-Plant Agro, whose application was rejected by SEBI and was supposed to wind up its scheme in 2003, continued to raise funds under the guise of ‘sale of plants’, which was just a collective investment scheme Market regulator Securities and Exchange Board of India (SEBI) has asked...

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Moneylife Digital Team 27 October 2010
Minority shareholders have alleged that Bharti Airtel got away by avoiding open offer of Rs30,000 crore thanks to SEBI’s flexible application of takeover norms A few minority shareholders of Bharti Airtel Ltd have approached the Securities Appellate Tribunal (SAT) for taking action against the...

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Moneylife Digital Team 21 October 2010
In the past, companies have left out significant information like pending litigation against them from their red herring prospectuses. Coal India, however, was pulled up just for a typographical error Has the Securities and Exchange Board of India (SEBI) been unduly harsh with Coal India Ltd...

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Moneylife Digital Team 18 October 2010
MCX-SX, promoted by Financial Technologies, was prevented from launching equities trading in India. But it faced no troubles in launching two new exchanges in six weeks, first in Singapore and then in Mauritius Three weeks after the Indian regulator Securities and Exchange Board of India...

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Sucheta Dalal Sucheta Dalal 09 October 2010
We have frequently pointed out that the National Stock Exchange (NSE) is a secretive organisation. The transparency of its trading platform does not extend to its own operations. It is fighting a hard, legal battle to avoid application of the Right to Information (RTI) Act. It lost a case in the...

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Sanket Dhanorkar 08 October 2010
Mercer, the leading global consulting firm, which had advised the pension regulator on its pension offering, feels that PFRDA has missed out on the big picture in designing the NPS architecture While the new setup at the pension regulator, Pension Fund Regulatory and Development Authority...

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Sucheta Dalal Sucheta Dalal 08 October 2010
While on the ambiguous governance standards at SEBI, most people have forgotten Dr Mohan Gopal, the SEBI director who was part of the two-member bench (former RBI deputy governor Leeladhar was the other member), whose order was discarded, discredited and declared ‘null and void’ by the SEBI...

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Sucheta Dalal Sucheta Dalal 06 October 2010
SEBI’s rejection of MCX-SX to start equity trading is the latest in a long list of sordid actions That the Securities and Exchange Board of India (SEBI) rejected MCX Stock Exchange’s (MCX-SX) application to start the equity segment was no surprise. Nor is the MCX-SX’s decision to fight...

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Moneylife Digital Team 05 October 2010
SEBI’s knockout punch to mutual fund distributors in August 2009 has left a trail of tribulation across all intermediaries in the mutual fund industry. We put together the actions and their impact to highlight why even a raging bull market has failed to enthuse the fund industry The Securities...

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Sucheta Dalal Sucheta Dalal 01 October 2010
SEBI’s rejection of MCX-SX’s application to start equity trading, not only stifles much-needed fresh thinking, competition and innovation, but draws attention to SEBI’s own sordid ethical standards That the Securities and Exchange Board of India (SEBI) rejected MCX Stock Exchange's (MCX-SX)...

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Sucheta Dalal Sucheta Dalal 23 September 2010
Why CB Bhave’s tenure as SEBI chairman will go down as among the worst in nearly two decades By his own admission, Bhave often looks in the mirror to ask: "Am I proud of what this guy did today?" The answer invariably is a resounding yes, Bhave had told this newspaper some time ago. He...

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Moneylife Digital Team 23 September 2010
In a freewheeling interview to Moneylife editors Sucheta Dalal and Debashis Basu in Hyderabad recently, J Hari Narayan, chairman, IRDA, spoke on key insurance-related issues On the tussle between insurers and hospitals. The hospital costs are a major issue. The total healthcare spending in...

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Moneylife Digital Team 23 September 2010
Given its DNA, it’s difficult to visualise RIL remaining a silent partner in EIH Reliance Industries Ltd (RIL) has booked its rooms in the hospitality business, buying a significant 14.12% stake in EIH Ltd, the Oberoi group company, for Rs1,021 crore. RIL paid a hefty 22% premium through its...

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Moneylife Digital Team 20 September 2010
The pension regulator is mulling setting up annuity service providers outside the insurance sector, wants PFMs to provide annuities for its pension products rather than relying on insurance companies. Is this planting the seeds for another regulatory turf war? In a move that will start another...

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Sucheta Dalal Sucheta Dalal 18 September 2010
The Indian capital market is narrow, shallow, illiquid and concentrated in the hands of a few individuals. Here is the evidence Whenever I point out that India’s investor population has plummeted from 20 million in 1992, when we embarked on our economic liberalisation programme, to eight...

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Moneylife Digital Team 16 September 2010
According to economists, the hike in key rates will lead to a rise in cost of funds for banks and eventually make loans expensive, which in turn will reduce consumption Continuing with its policy to modify policy rates in small percentage points, the Reserve Bank of India (RBI) on Thursday...

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Sucheta Dalal Sucheta Dalal 01 September 2010
With less then 24 hours to the implementation of a SEBI-mandated hike in arbitration fees, investors appeal to the finance ministry for help; they point out that 84% of arbitration cases are decided against them On 1st September, filing arbitration proceedings against a stockbroker will cost...

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Moneylife Digital Team 31 August 2010
Within hours, after Moneylife published a report about the unjustified increase in arbitration fees, SEBI has modified its earlier circular saying that there is a maximum limit on arbitration fees. Within hours after Moneylife published a report about the unjustified increase in arbitration...

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S Rodrigues 30 August 2010
The IFA (Independent/Individual Financial Advisor) is on life support, suspected dead — and the prime suspect is the Securities and Exchange Board of India (SEBI). What can be done to revive the industry? In the last article (see: http://www.moneylife.in/article/72/8477.html) we had explored...

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