REGULATIONS


The seven AIFs registered with SEBI includes IFCI Syncamore India Infrastructure Fund, Utthishta Yekum Fund, Indiaquotient Investment Trust, Forefront Alternate Investment Trust, Excedo Realty Fund, Sabre Partners Trust and KKR India Alternate Credit Opportunities Fund   New Delhi:...

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Chidambaram also said he expects the government to take a decision shortly on SEBI's recommendation for providing tax benefits to equity mutual fund investors under the proposed Rajiv Gandhi Equity Savings Scheme New Delhi: Indian Finance Minister P Chidambaram on Friday said market...

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Banks will now have to incorporate a clause in the FD form to give option of premature withdrawal by survivor in case of death of the other joint account holder   Mumbai: The Reserve Bank of India (RBI) has asked banks to modify fixed deposit (FD) account opening forms to allow...

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SEBI on Thursday announced a slew of measures covering IPO and mutual funds. Many of them will have no effect, since SEBI refuses to acknowledge that the vast majority of people are disillusioned with IPOs and mutual funds Mumbai: Investing in mutual funds (MFs) might become more...

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RBI has proposed that a bank's exposure to its own group entities should not exceed 20% of the paid-up capital and reserves   Mumbai: Aiming to avoid concentration of credit risk, the Reserve Bank of India (RBI) has proposed that a bank's exposure to its own group entities should not...

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RBI said that banks should put in place a Board approved transparent policy on pricing of liabilities Mumbai: The Reserve Bank of India (RBI) has asked banks to ensure the variation in interest rates on single-term deposits of Rs15 lakh and above and other deposits is minimal for...

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At the SEBI board meeting, the market regulator is likely to consider some wide-ranging reforms in its regulations for mutual funds and initial public offers Mumbai: Market regulator Securities and Exchange Board of India (SEBI) will consider new rules on Thursday to protect the...

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SEBI said, Aadhaar letter issued by UIDAI would be admissible as proof of address in addition to its presently being recognised as proof of identity   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has said investors can use 'Aadhaar' letters as a valid...

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SEBI also asked stock exchanges to conduct immediate scrutiny of the audit issues highlighted in these documents and seek necessary clarifications from the company Mumbai: Tightening noose around companies trying to hide issues raised by auditors in their voluminous annual reports,...

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The SEBI Board in its meeting on 16th August is likely to discuss regulations for mutual funds and IPOs, including a 'safety net' guarantee and tax incentives for new investors   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) will consider this week...

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SEBI barred International Hometex, its CMD Vineet Kumar Agarwal and directors Vinod Kumar Agarwal and Vishwinder Nath Gupta from markets till they resolve all 21 pending investor grievances   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has barred textile...

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The agency would be roped in to assist SEBI in its campaign aimed at educating and creating awareness among retail investors and converting the current savers into investors   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has shortlisted 13 agencies in its...

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Moneylife Digital Team 11 August 2012
The Economic Times wrote a few days ago that the mutual fund advisory committee has suggested a 2% entry load. Business Standard wrote today that no such thing was discussed and the minutes were doctored. If true, this only shows lawlessness inside SEBI. Here is a video discussion between...

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These SEBI executives being investigated for alleged cases of irregularities, bribery and corruption are assistant general managers Jerome K Alexander and Rajesh Pratap Singh and deputy general manager Avarjeet Singh   New Delhi: The government on Thursday said three executives of...

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Sucheta Dalal Sucheta Dalal 09 August 2012
Delhi High Court allows Midas Touch Investors Association to be impleaded into the public interest litigation against SEBI’s artibrary Consent Orders   Despite strenuous objections by the Securities & Exchange Board of India (SEBI) the Delhi High Court has allowed Midas Touch...

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Sucheta Dalal Sucheta Dalal 09 August 2012
If cases relating to important scams can languish for 12 years, isn’t it proof that SEBI has failed its basic mandate? At the end of July, the Securities Appellate Tribunal (SAT) let off the brokerage firm Subhkam Securities Pvt Ltd in a case pertaining to trading in the shares of Mascon...

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Moneylife Digital Team 09 August 2012
The former Secretary calls for senior functionaries at SEBI and RBI to make public disclosure of their salaries and an annual declaration of their assets, in accordance with the spirit of Article 19 of the constitution which confers on the citizen the right to know about various public...

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Moneylife Digital Team 08 August 2012
The market regulator has sent a routine, post-office like acknowledgement, even after writing to its chairman, which ensured that SEBI can wash its hands off any responsibility of responding It is an open secret that market regulator Securities and Exchange Board of India (SEBI), time...

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The draft guidelines of IRDA pertain to participation of insurers in repo and reverse-repo operations in government securities and corporate debts   New Delhi: The Insurance Regulatory and Development Authority (IRDA) has came out with three draft guidelines with a view to giving...

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Nearly a year after the final listing guidelines were issued for life insurance players, none of the 10-odd insurers who are eligible for public float have got listed so far and now IRDA is issuing norms for non-life players   Mumbai: Insurance Regulatory and Development Authority...

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