REGULATIONS


Moneylife Digital Team 12 April 2018
Sahara Mutual Fund has been instructed by Securities and Exchange Board of India (SEBI) to strictly comply with the timelines specified in a SEBI order which became effective from 23 October 2017. SEBI had passed an order on 28 July 2015 directing the cancellation of the Certificate of...

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Securities markets regulator Sebi on Tuesday said that investments made by two or more foreign entities with a "a common beneficial" owner will be treated as a single FPI entry.   The regulator said this in a circular "clarification on clubbing of investment limits of foreign...

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Securities markets regulator SEBI has said that 24 properties of Pancard Clubs and erstwhile Chairman and Managing Director Sudhir Moravekar will be auctioned on May 9, 2018 to recover over Rs 7,000 crore of investors' money.   According to a Securities And Exchange Board of India...

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Moneylife Digital Team 05 April 2018
The Reserve Bank of India (RBI) has asked all payment system operators to retain all data within the country. They were given six months to comply with this direction with the central bank issuing detailed guidelines within a week.   In a statement on development and regulatory...

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Moneylife Digital Team 28 March 2018
Market regulator SEBI, in its last board meeting for FY2017-18, on Wednesday accepted 40 out of 80 recommendations from the Kotak Committee on Corporate Governance as well host of other issues, like ways to strengthen algo trading, amendments to rules on angel funds, mutual funds, buybacks,...

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The Securities and Exchange Board of India (SEBI), after repeated amendments to its statute, has emerged as the most powerful market regulator in the world—at least on paper. But, being empowered does not make the regulator effective, efficient or even rational in its actions. Nothing...

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Mumbai, Securities market regulator Sebi has "exempted" the central government from making open offers for its proposed acquisitions of additional shares of six public sector banks (PSBs).   According to separate "exemption" orders passed by Sebi, the central government will not be...

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Moneylife Digital Team 19 March 2018
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty on New Delhi Television Ltd (NDTV), its top management Prannoy Roy, Radhika Roy, Vikram Chandra, and Anup Singh Juneja. NDTV is fined Rs10 lakh for violating disclosure norms while others will have to pay Rs3...

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A shocking internal note by an Executive Director of the Securities and Exchange Board of India (SEBI) shows SEBI officials leisurely sending written notes to each other in what could be construed as a deliberate delays to enforcement action.    Facing the heat due to interminably and...

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Moneylife Digital Team 27 February 2018
Market regulator Securities and Exchange Board of India (SEBI) said the Justice RM Lodha Committee appointed by the Supreme Court has decided to extend till 31 March 2018, the date to accept claim application from investors who had invested up to Rs2,500 in PACL Ltd (erstwhile...

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IANS 21 February 2018
In a first, thousands of investors from across India who were duped by PACL Ltd of crores of rupees will take out a protest march to the Securities and Exchange Board of India (SEBI) headquarters here on February 26 to demand their money back.   Rallying under the banner of Janlok...

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Moneylife Digital Team 20 February 2018
IFC, BSE and Institutional Investor Advisory Services India Limited (IiAS) have found improvement in governance standards of Indian companies over the last one year, according to a release from IFC. The Corporate Governance Scorecard for 2017, a study done on companies forming the S&P BSE 100...

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Moneylife Digital Team 16 February 2018
MSCI Inc, a provider of equity, fixed income, hedge fund stock market indexes, and equity portfolio analysis tools, has asked Securities and Exchange Board of India (SEBI), as well as National Stock Exchange (NSE), the Bombay Stock Exchange (BSE) and the Metropolitan Stock Exchange (MSEI) to...

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IANS 02 February 2018
New Delhi, The government on Thursday sought to amend the Prevention of Money Laundering Act (PMLA), 2002 aiming to widen its scope by providing for action against property, equivalent to proceeds of crime, held outside the country.   So far, the government could only proceed against...

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The fire that killed 14 people at the two swanky, upmarket restaurants at Kamala Mills in Mumbai’s Lower Parel provides deep insights into doing business in India. It also explains why most people are unimpressed by the 30-point jump in India’s World Bank’s Ease of Doing Business ranking...

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Moneylife Digital Team 11 January 2018
Nine-years after the Satyam Computer Services Ltd (SCSL) promoter Ramalinga Raju confessed to a massive fraud, its high profile auditor has got a slap on the wrist by the regulator. Market regulator Securities and Exchange Board of India (SEBI) has barred Price Waterhouse & Co (PwC) for two...

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Moneylife Digital Team 06 January 2018
Market regulator Securities and Exchange Board of India (SEBI) has appointed SBI Capital Markets Ltd for auctioning 18 properties of Kolkata-based MPS Group of companies to recover money from the money circulation scheme.    SEBI said, it has lined up 18 properties of MPS Group of...

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Moneylife Digital Team 06 January 2018
The Securities and Exchange Board of India (SEBI) ate humble pie and withdrew its insider trading allegations against five persons connected with the Multi Commodity Exchange of India (MCX), including its top officials. This includes Joseph Massey, Shreekant Javalgekar, Asha Javalgekar, Paras...

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The Securities and Exchange Board of India (SEBI), as the capital market regulator, has the power to frame regulations and bye-laws and enforce them through vast powers of surveillance, search and seizure and even arrest. However, the SEBI Act also makes it clear that powers are delegated to...

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Moneylife Digital Team 03 January 2018
The market regulator Securities and Exchange Board of India (SEBI) has put out its third consultation paper regarding amendments to the Registered Investment Advisors (RIA) regulations on 2 January 2018. Here are the proposals put forth in the latest consultation paper that was published on...

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