REGULATIONS


MDT/PTI 11 September 2012
SEBI in its order had slapped a fine to the tune of Rs4 lakh on Jani for circular trading in the scrip of Flawless Diamond during June 2006 to February 2007 Mumbai: The Securities Appellate Tribunal (SAT) has upheld charges of fraudulent and unfair stock market dealings against broker,...

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Moneylife Digital Team 10 September 2012
Sebi announces no-frills demat for benefit of retail investors   Sebi has finally woken up to the fact that a large number of retail investors have been suffering, thanks to the expensive compulsory demat system. It has decided to introduce no-frills demat accounts as part of an...

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Moneylife Digital Team 10 September 2012
RBI directs banks to make deposit rates uniform   The RBI asked state and central co-operative banks to put in place a board-approved transparent policy on pricing of liabilities, after it found that there were wide variations in the interest rates offered by banks on single term...

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R Balakrishnan R Balakrishnan 10 September 2012
SEBI’s short shrift to investors and distributors   The recent moves of the Securities Exchange Board of India (SEBI) have left a sour taste in the mouth of mutual fund distributors and investors. Hopes were pinned on the resumption of some sort of entry-load, plus some more...

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MDT/PTI 10 September 2012
About 35 brokers have been probed for their compliance to know your client (KYC) rules, their due diligence procedures and their compliance to various anti-money laundering and combating financing of terrorism related regulations Mumbai: As many as 35 stock brokers have been probed by...

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MDT/PTI 07 September 2012
As per the settlement with SEBI, Sanjay Sanghvi paid Rs15 lakh and took a voluntary debarment from the market for 36 months, without admission or denial of guilt in the alleged front running in shares traded by HDFC Mutual Fund   New Delhi: Market regulator Securities and Exchange...

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MDT/PTI 06 September 2012
Flagging the surge in bad assets levels and requests for loan restructuring, Anand Sinha, deputy governor of the RBI said there is urgent need for banks to improve their credit management systems Mumbai: There is an urgent need to beef up the credit management systems at banks as the...

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MDT/PTI 06 September 2012
SEBI probe found that a group of entities connected to each other and to T Spiritual World had dealt in the stock in a fraudulent and manipulative manner New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1.75 lakh on Galaxy Broking Ltd...

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MDT/PTI 06 September 2012
SEBI barred Alfa Fiscal Services and its directors -- Hardik R Bagadia and Bhavesh Natwarlal Sheth from the securities market, except allowing Sheth to sell other securities held in his demat account New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has passed the...

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MDT/PTI 06 September 2012
While Wal-Mart has invested Rs455.8 crore in Cedar Support Services, a unit of Bharti Ventures, through Mauritius, the RBI do not have data of this deal New Delhi: US retail giant Wal-Mart Stores Inc has invested Rs455.8 crore in a subsidiary of Bharti Ventures in 2010 via its Mauritius...

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MDT/PTI 06 September 2012
In the final order, SEBI upheld its interim order passed against book running lead manager -D&A Financial Services to the public issue of Brooks Laboratories and Dinesh R Kaushik, director of the company   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has...

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MDT/PTI 05 September 2012
Mobile operators can offer cash-out or mobile wallet facility only if they work as banking business correspondent, says the RBI Mumbai: Reserve Bank of India (RBI) deputy governor HR Khan on Wednesday ruled out allowing mobile network operators (MNOs) from offering cash-out or mobile...

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Jason Monteiro Jason Monteiro 05 September 2012
Cold calculations show that such is the draconian charges SEBI plans to introduce for fund investors, that even the horrible practice of entry load would have been a cheaper option for investors. The new charges also perversely penalise committed investors Exactly three years ago the...

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Moneylife Digital Team 04 September 2012
It is the finance ministry and not the RBI that is responsible for all the confusion over the size and design of Rs2, Re1 and 50 paise coins   Have you been blaming the Reserve Bank of India (RBI) for the changes in currency and the fact that the Rs2 coin looks like the Re1 coin, the...

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MDT/PTI 04 September 2012
“The homogeneity in security features act as deterrent against frauds, and the fixed field placement specifications facilitate straight-through-processing at drawee banks’ end through the use of optical or image character recognition technology,” RBI said in a notification   Mumbai:...

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MDT/PTI 04 September 2012
CIC Satyananda Mishra also directed SEBI to make public statistical details of number of cases in which penalty has been imposed and the number of cases which have been closed without any penalty   New Delhi: The Central Information Commission has directed the Securities and Exchange...

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MDT/PTI 04 September 2012
SEBI carried out investigation into alleged irregularity in trading in the shares of 12 entities   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Sunil Kumar Mehta for alleged indulging in synchronised trading activities...

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MDT/PTI 03 September 2012
SEBI's proposed steps are aimed at safeguarding the investors' interest and ring-fencing the IPO market from possible over-pricing of the public offers through a nexus between the company promoters and merchant bankers   New Delhi: Market regulator Securities and Exchange Board of...

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MDT/PTI 03 September 2012
Carmakers are accused of abusing their dominant position by making available spare parts only through their authorised dealers, who in turn sell them at higher rates New Delhi: The Competition Commission of India (CCI) may soon send notices to as many as 17 carmakers, seeking their...

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Sucheta Dalal Sucheta Dalal 01 September 2012
After the landmark verdict by the apex court, Subrata Roy-led Sahara Group has come out with full page ads in various newspapers. This is childishness and only underlines the dangers of allowing this group to keep expanding without regulatory checks and balances In hindsight, it was...

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