REGULATIONS


MDT/PTI 18 December 2012
NSE said the stock broker would be moved back to the normal risk management mode as and when his  collateral is lower than 85% utilisation level Mumbai: The National Stock Exchange has asked its trading members to compulsorily implement a risk reduction mode when 90% of their capital is...

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MDT/PTI 18 December 2012
The funds raised through ECBs could be used either for developing low cost housing projects or for providing loans up to Rs25 lakh to individuals for buying home with a price tag of Rs30 lakh or less, says the central bank Mumbai: The Reserve Bank of India (RBI) has allowed real estate...

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MDT/PTI 17 December 2012
SEBI said it found that the stock broker, Triveni Management Consultancy, had placed manipulative orders for Asian Star Company shares in the accounts of its clients Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on Triveni...

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MDT/PTI 17 December 2012
The Finance Ministry has also urged SEBI to extend the time for accepting bids by the stock exchanges to 1730 hrs from 1530 hrs during the auction process New Delhi: The Finance Ministry has written to market regulator Securities and Exchange Board of India (SEBI) to do away with the 25%...

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MDT/PTI 17 December 2012
The 17-member SEBI Committee on Disclosures and Accounting Standards is now chaired by Tata Sons' Director-Finance Ishaat Hussain, while members include NSE chief Ravi Narain, HDFC AMC Managing Director Milind Barve, Bombay Shareholders' Association's AK Bakliwal and IT major Wipro's CFO and...

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MDT/PTI 15 December 2012
Almost all the banks have confirmed that they are issuing only multi-city or payable at par CTS-2010 standard cheques at present, representations have been received from various stakeholders requesting for extension of the time beyond 31st December   Mumbai: Bank account holders can...

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MDT/PTI 14 December 2012
SEBI has written to the Government seeking a well-defined framework for regulating money raising schemes like multi-level marketing schemes, timeshare schemes, emu farming, gold purchase schemes, goat farming and deposit collection for real estate development New Delhi: Market regulator...

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MDT/PTI 14 December 2012
Stock exchanges and clearing corporations are now required to submit background and related information to establish that their shareholders/promoters are fit and proper persons Mumbai: Market regulator Securities and Exchange Board of India (SEBI) announced exhaustive instructions...

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MDT/PTI 14 December 2012
Among others, SEBI has directed stock exchanges not to execute orders exceeding Rs10 crore in the normal market Mumbai: To prevent instances of flash crashes on stock exchanges, Securities and Exchange Board of India (SEBI) came out with stringent norms that require bourses to ensure...

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MDT/PTI 13 December 2012
In consultation with the government, SEBI has set up a committee under former Cabinet Secretary KM Chandrashekhar to bring all foreign investments under a single route Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has set up a committee under former Cabinet...

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MDT/PTI 13 December 2012
RBI has also referred alleged violation of the FEMA to the ED for investigation in regard to both Bharti Walmart and e-commerce venture Flipkart Online Services New Delhi: The Reserve Bank of India (RBI) has "not taken on record" the documents filed for investment of Rs455 crore by...

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MDT/PTI 13 December 2012
Banks may consider issuing cards with photographs of the cardholder or any other advanced methods to reduce instances of misuse of lost/stolen cards, says the central bank Mumbai: To prevent the use of stolen cards, the Reserve Bank of India (RBI) has asked banks to consider issuing...

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MDT/PTI 13 December 2012
According to RBI guidelines, all deposit-taking NBFCs would be mandated to obtain credit rating and also comply with Clause 49 of SEBI's listing agreement on induction of independent directors   Mumbai: Non Banking Financial Companies (NBFC) would need prior approval from the Reserve...

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MDT/PTI 12 December 2012
SEBI said the evidence points that Agarwal family intentionally aided or abetted Empower Industries India's promoter Devang Master in the circular movement of shares and creation of artificial trading volumes Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has...

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MDT/PTI 12 December 2012
In the current fiscal, the regulator imposed a fine of Rs5 lakh each on Lohia Polyesters and Kanel Oil & Export Industries and Rs10 lakh on Earnest Healthcare in November Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has slapped penalties of over Rs31 lakh on...

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MDT/PTI 12 December 2012
SEBI probe into the alleged irregularities in shares of Orchid Chemicals revealed that certain designated employees of the company including Deshpande had done opposite transactions in 2009 Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has disposed of the case...

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MDT/PTI 12 December 2012
SEBI said Jalaj I Batra indulged in circular/reversal synchronised trades with other brokers and clients in Betala Global Securities shares Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has slapped a fine of Rs5 lakh on an individual for allegedly facilitating...

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MDT/PTI 11 December 2012
Roselabs Industries was penalised for not redressing investor complaints within a stipulated time and not submitting action taken report to the market regulator   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs12 lakh on Roselabs...

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MDT/PTI 10 December 2012
The insurance regulator is in advanced stages of forming guidelines for a product design template that will enable speedier clearances for insurers   Hyderabad: Insurance regulator Insurance Regulatory and Development Authority (IRDA) is in advanced stages of forming guidelines for a...

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MDT/PTI 10 December 2012
SEBI said the broker Chotai had executed trades outside the trading mechanism provided by BSE and also tried to persuade BSE officials for not reporting the matter to the regulator Mumbai: Capital market regulator Securities and Exchange Board of India (SEBI) has cancelled the...

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