REGULATIONS


Moneylife Digital Team 15 November 2018
Former secretary Ashok Chawla, who has been named in a charge-sheet by Central Bureau of Investigation (CBI) in the Aircel-Maxis scam, has resigned as non-executive chairman of Yes Bank. Mr Chawla, however, continues to be chairman of the National Stock Exchange (NSE). According to Yes Bank’s...

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Moneylife Digital Team 13 November 2018
Market regulator Securities and Exchange Board of India (SEBI) has asked credit ratings agencies (CRAs) to include a specific section on liquidity in their reports to highlight the company financials.    In its guidelines, SEBI said, "The press release shall include a specific section...

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Moneylife Digital Team 13 November 2018
Market regulator Securities and Exchange Board of India (SEBI) has apparently stopped discussing surveillance action during its board meetings since two years. In addition, SEBI also stopped providing names of companies or entities mentioned in the surveillance action report since November...

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IANS 10 November 2018
The Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee.   "Reliance Communications Limited filed a suo moto...

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If the feud between the government and the Reserve Bank of India (RBI) escalates further (as reported by several media organisations), there is a good chance that governor Dr Urjit Patel will throw in the towel at the next board meeting on 19th November. Sources, who are in touch with the...

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Moneylife Digital Team 26 October 2018
Quick on the heels of the appointment of Arundhati Bhattacharya, former chairperson of State Bank of India (SBI), on the board of Reliance Industries Ltd and Wipro, the All India Public Sector and Central Government Officers' Confederation (AIPCOC) has raised important questions about the...

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In February 2017, when the Infrastructure Leasing & Financial Services  (IL&FS) was already facing a liquidity crisis and its board of directors was probably discussing a fat, 144%  pay hike for chairman Ravi Parthasarathy (taking his pay to Rs26.3 crore), he was busy settling a stock...

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The Supreme Court has pulled up the Indian government for the delay in appointment of judges to the Securities Appellate Tribunal (SAT). Almost 500 cases are pending in the Tribunal for want of a judicial member. The posts of presiding officer and judicial member have been lying vacant since...

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Elon Musk, credited with building Tesla into one of America’s most valuable car companies, has been fined $20 million by the Securities and Exchange Commission (SEC) of the US.  Additionally, he has to step aside as chairman for three years. Not only Musk, but the company has also been fined...

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Moneylife Digital Team 01 October 2018
The government has reportedly cut short the second term of Nachiket Mor as member of the central board at Reserve Bank of India (RBI). He was re-nominated on RBI board in August last year.   According to a report in Economic Times, Mr Mor, who was informed about the decision on 20...

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Moneylife Digital Team 01 October 2018
UPDATED 1.04pm on 1 Oct 2018   The Indian government has finally decided to intervene in the Infrastructure Leasing & Financial Services Ltd (IL&FS) issue by moving to the National Company Law Tribunal (NCLT) for changing management at debt-ridden conglomerate, says media...

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Moneylife Digital Team 28 September 2018
The National Stock Exchange (NSE) has apparently transferred Suprabhat Lala, senior vice-president for regulatory and investor services cell to its central know-you-customer (CKYS) department.   Lala was moved due to ongoing proceedings under SEBI (Prohibition of Fraudulent and Unfair...

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Moneylife Digital Team 28 September 2018
Securities Exchange Board of India (SEBI) has clarified that it has not advised Mutual Funds to not rollover their current exposure to Indiabulls Housing Finance and Dewan Housing Finance Corp (DHFL).   In a release, the regulator termed a news report likely published by Zee...

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IANS 28 September 2018
The Securities and Exchange Commission (S.E.C.) has filed a lawsuit accusing Tesla Inc. founder Elon Musk of committing fraud by making false public statements with the potential to hurt investors, a move that could force him out of the companys leadership.   The lawsuit filed...

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IANS 25 September 2018
Mumbai, Private lender Yes Bank's board will meet on September 25 to discuss the future course of action after its MD and CEO Rana Kapoor demits office on January 31, under the direction of the Reserve Bank of India (RBI).   The board meeting comes days after the RBI decided against...

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Moneylife Digital Team 24 September 2018
The Supreme Court (SC) will decide on 5th October whether the single technical member of Securities Appellate Tribunal (SAT) can pass an interim stay on an important order issued by market regulator Securities and Exchange Board of India (SEBI).   According to media reports, after JP...

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CS Vinita Nair Dedhia 24 September 2018
With just 10 days left for the timeline set by the ministry of corporate affairs (MCA) to expire, companies have initiated steps for facilitating the transfer of securities in demat. The first step is the obtaining of the International Securities Identification Number (ISIN) for each of the...

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IANS 19 September 2018
Fair trade regulator Competition Commission of India (CCI) has imposed a total penalty of Rs38 crore on 18 sugar mills and two associations for unfairly fixing the bids of a joint tender floated by state-run oil marketing companies in 2013, the government said on Tuesday.   A finance...

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Market regulator Securities and Exchange Board of India (SEBI) has decided not to not settle any proceedings against a wilful defaulter, a fugitive economic offender or someone who has defaulted in payment of any fees due or penalty imposed under securities laws. In addition, SEBI said it...

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Market regulator Securities and Exchange Board of India (SEBI) has said that the National Stock Exchange (NSE) has filed fresh consent application in the co-location or Algo trading scam.    Speaking with reporters, SEBI chairman Ajay Tyagi, said, "We have already issued about 28-30...

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