REGULATIONS


MDT/PTI 08 November 2012
RBI in its guidelines said that Long term resources should not fall below 70% of long term assets and long and medium term resources together should not fall below 80% Mumbai: In order to enhance the risk management of the banking system, the Reserve Bank of India has prescribed...

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MDT/PTI 07 November 2012
As per SEBI norms any person who holds more than 5% shares for voting rights in a company has to disclose the number of shares held and change in shareholding. The disclosures have to be made even if such change results in stake falling below 5% Mumbai: Market regulator Securities and...

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MDT/PTI 07 November 2012
In its consent order, dated 1 November 2012, SEBI said its High Powered Advisory Committee has accepted the consent terms involving a payment of settlement charges of Rs37.5 lakh Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has agreed to settle charges against...

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MDT/PTI 07 November 2012
NBFCs accept post-dated cheques from their customers for future monthly instalment payments. For the purpose of standardisation and enhanced security features, the banks have been told by RBI to migrate to the “CTS 2010” standard by 31 December 2012 Mumbai: The Reserve Bank of India...

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MDT/PTI 06 November 2012
Under the new guidelines, the government is expected to offer a number of options like mutual funds, term deposits, treasury bills and government securities to for cash-rich CPSEs for investing their surplus funds   New Delhi: The Indian government is contemplating tightening norms...

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MDT/PTI 06 November 2012
SEBI had alleged that Adroit Financial Services along with another broker had entered into a number of cross deals, structured deals and synchronised deals which resulted into "creation of false market" for Shamken Multifab shares   Mumbai: Market regulator Securities and Exchange...

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MDT/PTI 06 November 2012
Preliminary investigations by SEBI revealed that Grishma Securities had diverted substantial part of Tijaria Polypipes' IPO proceeds, 'through layered transactions', to certain entities who had allegedly provided an exit to the retail allottees and QIBs   Mumbai: Market regulator...

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MDT/PTI 06 November 2012
While 61 mines had earlier been asked to pay Rs47,805 crore as fine, Rs20,095 crore penalty was imposed on 42 mines a couple of days back for excess mining in Odisha   Bhubaneswar/ New Delhi: The Odisha government has imposed Rs67,900 crore penalty on 103 mines for excess production...

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MDT/PTI 05 November 2012
SEBI invited bids from public sector banks and registered KRAs for assisting it in 'carrying out the KYC-related in-person verification of bondholders' of three crore investors of the two Sahara companies New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has...

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MDT/PTI 02 November 2012
The DoT had on 21 September 2012 had imposed a penalty of Rs39.82 crore on RCom for not completing the verification of Customer's Application Form (CAF) in Assam circle by April this year New Delhi: Telecom tribunal TDSAT has directed Reliance Communications to deposit Rs5 crore and a...

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MDT/PTI 02 November 2012
Easing the procedures, SEBI said in case there is change of name after marriage, the individual investor can submit either a copy of marriage certificate or passport showing husband’s name or document showing the publication of name change in official gazette New Delhi: Market regulator...

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MDT/PTI 02 November 2012
SEBI said that the stock broker has failed to show high standards of integrity, promptitude and fairness as well as failed to act with due skill, care and diligence in the conduct of the business   Mumbai: Market regulator SEBI imposed a penalty of Rs 10 lakh on a brokerage firm...

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MDT/PTI 02 November 2012
In three separate orders, SEBI said it has imposed a fine Rs50,000 on JMD Telefilms Industries, another Rs75,000 on a Avishek Bose and slapped a penalty of Rs45,000 on Gulistan Vanijya Pvt Ltd Mumbai: SEBI has imposed a total penalty of Rs1.70 lakh on three entities for not making...

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MDT/PTI 02 November 2012
"SEBI in its consent order dated 31 October 2012 said that “enquiry proceedings initiated against the applicant (GSB Securities) for the non-compliance of provisions...stand settled and SEBI shall not initiate any enforcement action against the applicant for the same”   Mumbai: Market...

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MDT/PTI 30 October 2012
The central bank is reviewing existing know your customer norms for simplifying them within the provisions of the PMLA and international standards Mumbai: The Reserve Bank of India (RBI) has announced a slew of measures, including a simplification of the stringent know-your-customer...

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MDT/PTI 30 October 2012
During its probe, SEBI said it found lack of due diligence on the part of merchant bankers, Chartered Capital and Investment in the IPO of RDB Rasayan   Mumbai: The Securities Appellate Tribunal (SAT) has set aside Securities and Exchange Board of India (SEBI)'s order that restrained...

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MDT/PTI 30 October 2012
The attachment orders, freezing two bank accounts of relatives of main accused Shivraj Puri and two properties of two another of his associates, had been issued by ED recently New Delhi: The Enforcement Directorate (ED) has issued orders attaching assets worth about Rs20 crore in...

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MDT/PTI 29 October 2012
SEBI has issued tender inviting applications from professional investigating agencies for empanelment for conducting investigations in the Sahara case   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) plans to hire professional investigating agencies to help it...

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MDT/PTI 29 October 2012
Sinha said SEBI has to balance the needs of the retail investors and also to encourage people to invest in the equity market for long term   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has said it plans to undertake several reforms to develop equity culture...

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MDT/PTI 26 October 2012
Preliminary findings of the SEBI probe revealed that Tijaria Polypipes diverted substantial part of the IPO proceeds, 'through layered transactions', to certain entities   New Delhi: Securities and Exchange Board of India (SEBI) has revoked a ban imposed on two independent directors...

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