REGULATIONS


MDT/PTI 06 September 2012
While Wal-Mart has invested Rs455.8 crore in Cedar Support Services, a unit of Bharti Ventures, through Mauritius, the RBI do not have data of this deal New Delhi: US retail giant Wal-Mart Stores Inc has invested Rs455.8 crore in a subsidiary of Bharti Ventures in 2010 via its Mauritius...

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MDT/PTI 06 September 2012
In the final order, SEBI upheld its interim order passed against book running lead manager -D&A Financial Services to the public issue of Brooks Laboratories and Dinesh R Kaushik, director of the company   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has...

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MDT/PTI 05 September 2012
Mobile operators can offer cash-out or mobile wallet facility only if they work as banking business correspondent, says the RBI Mumbai: Reserve Bank of India (RBI) deputy governor HR Khan on Wednesday ruled out allowing mobile network operators (MNOs) from offering cash-out or mobile...

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Cold calculations show that such is the draconian charges SEBI plans to introduce for fund investors, that even the horrible practice of entry load would have been a cheaper option for investors. The new charges also perversely penalise committed investors Exactly three years ago the...

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Moneylife Digital Team 04 September 2012
It is the finance ministry and not the RBI that is responsible for all the confusion over the size and design of Rs2, Re1 and 50 paise coins   Have you been blaming the Reserve Bank of India (RBI) for the changes in currency and the fact that the Rs2 coin looks like the Re1 coin, the...

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MDT/PTI 04 September 2012
“The homogeneity in security features act as deterrent against frauds, and the fixed field placement specifications facilitate straight-through-processing at drawee banks’ end through the use of optical or image character recognition technology,” RBI said in a notification   Mumbai:...

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MDT/PTI 04 September 2012
CIC Satyananda Mishra also directed SEBI to make public statistical details of number of cases in which penalty has been imposed and the number of cases which have been closed without any penalty   New Delhi: The Central Information Commission has directed the Securities and Exchange...

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MDT/PTI 04 September 2012
SEBI carried out investigation into alleged irregularity in trading in the shares of 12 entities   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Sunil Kumar Mehta for alleged indulging in synchronised trading activities...

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MDT/PTI 03 September 2012
SEBI's proposed steps are aimed at safeguarding the investors' interest and ring-fencing the IPO market from possible over-pricing of the public offers through a nexus between the company promoters and merchant bankers   New Delhi: Market regulator Securities and Exchange Board of...

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MDT/PTI 03 September 2012
Carmakers are accused of abusing their dominant position by making available spare parts only through their authorised dealers, who in turn sell them at higher rates New Delhi: The Competition Commission of India (CCI) may soon send notices to as many as 17 carmakers, seeking their...

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After the landmark verdict by the apex court, Subrata Roy-led Sahara Group has come out with full page ads in various newspapers. This is childishness and only underlines the dangers of allowing this group to keep expanding without regulatory checks and balances In hindsight, it was...

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With life savings of millions at stake, the question is—why was the administration sleeping while this Rs20,000 crore was raised through a million agents?   The ruling of the Supreme Court in the Sahara Real Estate Corporation (Sahara) case is a landmark ruling, not so much for the...

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Moneylife Digital Team 31 August 2012
The apex court while upholding SAT verdict, also asked SEBI to probe Sahara India Real Estate Corp and Sahara Housing Investment Corp and find out their actual subscriber base In a big blow to Subrata Roy-led Sahara group, the Supreme Court on Friday asked the group to refund Rs17,400...

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MDT/PTI 31 August 2012
SEBI investigations found that only part of the proceeds from the preferential allotment were received by Aastha and the same funds were re-circulated as the allotment consideration from the five entities New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has...

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MDT/PTI 31 August 2012
SEBI suspended registration of Rajkumar C Basantani and Kolar Sharex for allegedly misleading investors   Mumbai, Aug 30 (PTI) Market regulator Securities and Exchange Board of India (SEBI) has suspended the registration of two stock brokers for making false statements regarding issue...

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MDT/PTI 31 August 2012
Banks will 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 has asked the urban co-operative banks to modify fixed deposit (FD) account opening form to...

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MDT/PTI 31 August 2012
The matter relates to SEBI's investigation into the affairs of BoR for a period between June 2007 and December 2009. SEBI said allegations of breach of relevant regulations by these two do not stand established and therefore, they are absolved of the charges   Mumbai: Market regulator...

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MDT/PTI 30 August 2012
While one case is related to investigations by SEBI in the IPO of RDB Rasayans, the other relates to alleged irregularities in the IPO and trading of the shares of PG Electroplast. SEBI still has not passed its final orders in these cases in last seven months after imposing interim...

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MDT/PTI 30 August 2012
The move would facilitate business relationship between non-residents and local businessmen Mumbai: The Reserve Bank of India has allowed non-residents to provide guarantee for non-fund based activities to residents, a move that would facilitate business relationship between...

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MDT/PTI 29 August 2012
To shorten the entire IPO process, SEBI is also working at faster allotment of shares to investors and reduce the time -gap between closure of issue and final listing from 12 days to five days   New Delhi: Capital Market regulator Securities and Exchange Board of India (SEBI) will...

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