REGULATIONS


MDT/PTI 20 August 2012
Some of the public sector banks are likely to approach the Finance Ministry to seek more time for complying with the norm to reduce bulk deposits to 15% of the total deposits Mumbai: Some public sector banks (PSBs) are likely to approach the Finance Ministry to seek more time for...

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MDT/PTI 20 August 2012
The 'safety net' proposal would be back on the agenda when SEBI board's meets next month, although some changes could be made to limit this benefit to 'very small investors’   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) will consider next month providing...

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MDT/PTI 17 August 2012
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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MDT/PTI 17 August 2012
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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MDT/PTI 17 August 2012
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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MDT/PTI 16 August 2012
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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MDT/PTI 16 August 2012
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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MDT/PTI 16 August 2012
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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MDT/PTI 16 August 2012
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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MDT/PTI 14 August 2012
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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MDT/PTI 14 August 2012
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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MDT/PTI 13 August 2012
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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MDT/PTI 13 August 2012
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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MDT/PTI 13 August 2012
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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MDT/PTI 09 August 2012
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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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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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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