REGULATIONS


Sucheta Dalal Sucheta Dalal 06 October 2011
Interference of ministry or the PM in the selection of the SEBI head is the norm In June 2011, I wrote in this column, “Who will discipline a regulator that fails to discharge its responsibilities?” This was in the context of a strongly-worded letter by Dr G Mohan Gopal, a former member of...

Read More



ML Digital Team 06 October 2011
The RBI (Reserve Bank of India) at its September annual conference of Banking Ombudsmen held in Mumbai has said that it has plans to improve processes to redress consumer grievances. The RBI or the Indian Banks’ Association would examine the issues pertaining to monetary compensation for mental...

Read More



ML Digital Team 06 October 2011
SEBI is planning to regulate the practice of investment advisors who also act as distributors of the products they advise customers to buy. A discussion paper on regulating investment advisors & distributors will be soon put out for public comments. But it is not clear if SEBI’s draft paper will...

Read More



S D Israni S D Israni 06 October 2011
The Everonn case shows how a chairman and directors are not enough to ensure governance among listed companies Even as investors are yet to recover from the shocking saga of Satyam Computer Services Ltd, a company that once formed a part of the Sensex, comes the sordid news of another...

Read More



Moneylife Digital Team 30 September 2011
Our discussions of SEBI’s paper on investment advisors have drawn a tremendous response. Here is the summary of the distributors’ perspective Comments have been pouring in from distributors of financial products- apart from the ones that are already there in our website (Please scroll below...

Read More



Moneylife Digital Team 29 September 2011
The new (flawed) investment advisor regulation is a non-starter since SEBI is proposing to regulate through the idea of Self Regulatory Organisation. SROs have not worked in the past and may fail in this case too The Securities and Exchange Board of India (SEBI) in a concept paper suggests...

Read More



Moneylife Digital Team 28 September 2011
There is nothing stop an “agent” to pass back money to an “advisor”, which makes SEBI’s new idea nonsensical. If the agent and advisor sit side-by-side in two desks of the same bank, so much the worse The Securities and Exchange Board of India (SEBI), in a view to curb mis-selling of...

Read More



Moneylife Digital Team 27 September 2011
If SEBI’s new norms on investment advisors come into force, mutual fund sales will decline even further and mis-selling of insurance products will increase! When UK Sinha took over as the chairman of the Securities and Exchange Board of India (SEBI), small distributors were elated. As the...

Read More



Sucheta Dalal Sucheta Dalal 22 September 2011
The public is disgusted and angry over rampant corruption. Will politicians listen? All the Congress chickens seem to be coming home to roost, all together. But worse, they seem determined to stop at the prime minister’s (PM) door. Only recently, a former telecom minister (A Raja) and a...

Read More



Ramesh S Arunachalam Ramesh S Arunachalam 12 September 2011
A good MIS is absolutely necessary for MFIs to manage the interface with clients and conduct activities/processes in a manner that is efficient, effective and transparent Understanding the state of management information systems (MIS) in Indian microfinance institutions (MFIs) is very...

Read More



Sucheta Dalal Sucheta Dalal 08 September 2011
With wrong people at the helm, distrust and lack of integrity are the norm Consider some recent headlines. Chairmen of two large government insurers—Life Insurance Corporation of India (LIC) and New India Assurance—are under a cloud. The Central Vigilance Commission has issued an order...

Read More



S D Israni S D Israni 08 September 2011
The market watchdog’s pro-investor measures Small shareholders are a harried lot—what with market volatility and complicated procedures making things difficult. However, some decisions taken by SEBI (the Securities and Exchange Board of India) in late July may benefit them. Non-compete...

Read More



Moneylife Digital Team 02 September 2011
Despite repeated persuasion, investors’ complaints filed with the market regulator either remain unheard, or are disposed off with vague replies. Moneylife has had a personal experience of this For some years now, Moneylife has heard from investors and has been writing that the market...

Read More



Moneylife Digital Team 02 September 2011
The ratings agency has welcomed the new recommendations as they better guard firms against potential risks, though additional provisioning could have a short-term impact on profitability  Ratings agency Crisil has said that the recommendations of the RBI-appointed Working Group on...

Read More



Moneylife Digital Team 02 September 2011
As the tussle between KM Abraham and the Securities and Exchange Board of India gets more bizarre, the finance ministry has gone one step further, saying it has received serious complaints against the former member of SEBI of abuse of power and corruption The Abraham-SEBI saga is getting...

Read More



Sucheta Dalal Sucheta Dalal 18 August 2011
An internal study commissioned by the new SEBI chairman found what Moneylife alone has been saying: total subjectivity in the way whole-time members have been passing consent orders Among the many things that UK Sinha, Chairman of the Securities and Exchange Board of India (SEBI) has thought...

Read More



Moneylife Digital Team 17 August 2011
SEBI’s consent orders are seen as a quick escape mechanism for anyone who is caught violating market regulations and the amount paid would depend on the skills of the lawyer who negotiates the settlement Market regulator the Securities and Exchange Board of India (SEBI) has again let off...

Read More



Sucheta Dalal Sucheta Dalal 12 August 2011
A hard-hitting confidential letter from UK Sinha, SEBI chairman, once more proves the seamy underbelly of the regulator under former chief CB Bhave. Moneylife alone has been reporting about this seamy side for two years now Barely four months into his job, UK Sinha was delivered a blow that...

Read More



Sucheta Dalal Sucheta Dalal 12 August 2011
Chairman UK Sinha’s analysis of the “Possible Causes” for Dr KM Abraham’s (former whole time member of SEBI) many allegations against him and finance ministry officials, includes anger, delusion, insecurity complex, severe emotional stress and many others SEBI chairman UK Sinha's first six...

Read More



Sucheta Dalal Sucheta Dalal 11 August 2011
India needs to encourage proxy services to check corporate misgovernance, but ensure that conflict, regulation and compensation issues are addressed right now, while it is still a nascent business Indian companies, or rather their owners/managers, tend to be extremely touchy and thin-skinned...

Read More

Free Helpline
Legal Credit
Feedback