REGULATIONS


Moneylife Digital Team 21 July 2014
Pulling the plug on illegal mobilisation of funds by Sunplant Forgings, the market regulator said the company and its directors raised more than Rs17 crore from 6,662 investors, a clear violation of its CIS rules    Market regulator Securities and Exchange Board of India (SEBI) has...

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The bench mark price of ethanol has been fixed at Rs44 per litre and the government had made it mandatory for OMCs to blend 5% ethanol with petrol, which has now been increased to 10% but actual lifting has been unsatisfactory   Oil Minister, Dharmendra Pradhan, admitted in the Lok...

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Moneylife Digital Team 21 July 2014
Those who are aware about the modus operandi of such scamsters tend to blame it on the greed and ignorance of victims. It is time for policy makers to stop blaming people and do some thinking on putting an end to these scams   The deluge of e-scams that are ensnaring Indians everyday,...

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Moneylife Digital Team 18 July 2014
The Modi government has reiterated that FDI up to 100% is permitted in single brand retail trading and no decision on FDI in multi-brand retail trading has been taken   The Indian government on Friday said it has not taken any decision on permitting foreign direct investment (FDI) in...

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Moneylife Digital Team 18 July 2014
SEBI said disclosure with regard to 'disciplinary history' for AIFs would be applicable in those cases, where monetary penalty of more than Rs5 lakh is being levied   Market regulator Securities and Exchange Board of India (SEBI) on Friday revised certain guidelines with regard to...

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Nivedita Shankar 18 July 2014
Property developers suffer from a perennial cash crunch and launch alluring schemes everyday. The Deposit Rules 2014 will help investors in this regard   The recent hype regarding the termination of jewellery instalment schemes and the newspaper advertisements put out in this regard,...

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TruthInAdvertising.org 18 July 2014
The guidelines from US FDA would not necessarily carry any legal implications, but would rather serve as something that is suggested or recommended, though not required   The US Food and Drug Administration (FDA) has its concerns about Twitter; namely, how big pharma and others use...

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Moneylife Digital Team 17 July 2014
After prima-facie finding Rajan violating insider trading regulations in the company shares, SEBI has barred him from markets Market regulator Securities and Exchange Board of India (SEBI) has barred Abhijit Rajan, former chairman and managing director (CMD) of Gammon Infrastructure...

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Moneylife Digital Team 17 July 2014
RBI signed an MoU for supervisory cooperation and exchange of supervisory information with the Hong Kong Monetary Authority The Reserve Bank of India (RBI) has signed a memorandum of understanding (MoU) with the Monetary Authority of Hong Kong for exchange of supervisory information.

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Moneylife Digital Team 16 July 2014
Individual unit holders were observed holding more than 25% of the mutual fund scheme’s quarterly average net assets As many as 33 mutual fund (MF) houses out of the total 45 were found to have violated the ‘20-25 rule’ which requires a minimum of 20 investors and a cap of 25%...

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Moneylife Digital Team 16 July 2014
SEBI said these five persons have committed a sophisticated white collar financial fraud with pre-meditated and well thought of plan and deliberate design for personal gains and to the detriment of the company and investors in its securities Closing five-and-a-half year long probe into...

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Moneylife Digital Team 15 July 2014
The market regulator has ordered freezing of demat and bank account of one Ashok Bhagat to recover Rs97 lakh in the Empower Industries case Market regulator Securities and Exchange Board of India (SEBI) has ordered attachment of bank and demat accounts of one Ashok Bhagat to recover dues...

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The weaker the governance of a company, the faster its shares seem to be flying Our markets seem to be headed for good days. There is optimism everywhere and, each day, a new broker keeps predicting a higher and higher target for the index. This is a great time to open your cupboards and...

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Moneylife Digital Team 15 July 2014
Neither the RBI nor the SEBI was interested in regulating deposits collected by jewellers like Tanishq. Now, new Rules under the Companies Act 2013, are forcing corporate jewellers to stop such scheme. Will the money now go into smaller, less reliable jewelers running partnership and...

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Moneylife Digital Team 14 July 2014
Total penalty on Reliance Industries for missing production target in four fiscal years beginning 1 April 2010 now stands at a cumulative $2.376 billion. The penalty is in the form of disallowing costs incurred The Indian government has slapped an additional penalty of $579 million on...

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Moneylife Digital Team 14 July 2014
SEBI has asked to recover Rs8.93 lakh from Mangiram Sharma, Rs6.87 lakh from DPS Shares & Securities, Rs3.76 lakh from Sachin Patil, Rs91,537 from RajKumar Dinesh Masalia and Rs91,521 each from Sujal Shah and Pratik Shah Market regulator Securities & Exchange Board of India (SEBI) has...

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Moneylife Digital Team 14 July 2014
NSEL has recovered about Rs356.39 crore of dues from defaulting members out of the total outstanding amount of Rs5,689 crore. So far only two members out of 24 defaulters have paid their dues Commodities market regulator Forward Markets Commission (FMC) has asked crisis-hit National Spot...

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Moneylife Digital Team 14 July 2014
Repeated violations of traffic rules resulting in cancellation of driving license is likely to be one of the major amendments to the Bill The amendment to the Motor Vehicle Act is likely to be delayed by a couple of months as the Ministry of Road Transport and Highways has said it needs...

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Vinita Nair 11 July 2014
Subsequent to this clarification, Corporate can proceed with any school of thought and stay assured of the form MGT-14 getting approved. The Ministry of Corporate Affairs (MCA) recently issued clarifications on compliance filings regarding resolutions and agreements for companies. There...

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Moneylife Digital Team 10 July 2014
SEBI said Jayesh C Shah and Jaiprakash Jain executed synchronised trades in shares of Hit Kit Global Solutions creating artificial volumes and were aided by Galaxy Broking and Shree Hari Hira Stock Broking Market regulator Securities and Exchange Board of India (SEBI) has ordered...

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