REGULATIONS


Moneylife Digital Team 17 February 2015
SEBI found that 55 entities had indulged in synchronised trading on numerous occasions thus creating artificial volume in the scrip of Well Pack Papers   Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3.03 crore on 56 entities, including...

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Moneylife Digital Team 16 February 2015
SEBI said Suvidha Land Developers collected Rs2.16 crore from investors by issuing preference shares during 2013-14   Market regulator Securities and Exchange Board of India (SEBI) has asked Suvidha Land Developers India Ltd not to mobilise any fresh funds from investors.  Further,...

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Moneylife Digital Team 16 February 2015
SEBI has restrained the company and its 10 promoters, directors from any further fund mobilising activity and from accessing the securities market    Market regulator Securities and Exchange Board of India (SEBI) directed Sukhchain Hire Purchase Ltd, not to mobilise funds from...

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Moneylife Digital Team 16 February 2015
The market regulator also barred, promoters and directors of Shah Group Builders from accessing the securities market and further prohibited them from buying, selling or otherwise dealing in securities   Market regulator Securities and Exchange Board of India (SEBI) has prohibited...

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The proposed Maharashtra Guarantee of Public Services Act aims to provide transparency, efficiency and timely public services. It was hoped that the Act would further strengthen the RTI Act. Does the proposed Act, now put up for public consultations, live up to people’s expectations? Excerpts...

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Moneylife Digital Team 12 February 2015
According to the ratings agency, the CCCB guidelines provide RBI with a tool to compel banks to conserve capital and moderate their balance sheets during periods of fast credit growth   The recent guidelines issued by Reserve Bank of India (RBI) on countercyclical capital buffer...

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Moneylife Digital Team 10 February 2015
Shree Pushkar Chemicals and Fertilisers plan to raise Rs75 crore while coal washing company ACB India would sell shares held by Pineridge Investment, Ashok Mrig and Ganesh Chandra Mrig   Market regulator Securities and Exchange Board of India (SEBI) has given its approval for initial...

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Neha Somani 10 February 2015
RBI’s latest guidelines direct banks to share more information on lending rates, fees and charges to borrowers. But then, these are just guidelines. Will the RBI ask government to enact the stringent Truth in Lending law, which has provisions for penalty on creditors?   Last month,...

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Abhirup Ghosh 09 February 2015
RBI's new regulations on bond market prescribe settlement through clearing houses, allows inclusion of instruments issued by several agencies to bring more liquidity and the 'haircut' to help corporates to leverage more   The Reserve Bank of India (RBI) on 3 February 2015 came out...

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Moneylife Digital Team 04 February 2015
SEBI also restrained Amazan Agro Products and its directors from accessing the securities market and disposing off their assets   Market regulator Securities and Exchange Board of India (SEBI) has directed Amazan Agro Products Limited (AAPL) not to mobilise funds from investors. SEBI...

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Moneylife Digital Team 04 February 2015
SEBI's revised income estimates of Rs156.27 crore are lower than Rs193.37 crore original budget estimates for FY2014-15 due to lower income from offer documents, fee from mutual funds and AIFs   Market regulator Securities and Exchange Board of India (SEBI) is expecting an income...

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Moneylife Digital Team 04 February 2015
SEBI also restrained Prayas Projects India as well as its past and present directors from accessing the securities market   Market regulator Securities and Exchange Board of India SEBI has banned Prayas Projects India Ltd (PPIL) and its directors from markets for illegally raising...

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Will it lead to better consumer protection?   IRDAI has come up with revised draft regulations on consumer protection to help consumers guard against any inaccurate information from insurance companies. According to the draft regulations, “A prospectus of any insurance product shall...

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The Helios & Matheson story is a chilling reminder of the deep rot in our regulatory and enforcement structure   Last week, our news site put out a detailed report about how Helios & Matheson (H&M), a company whose net profit had jumped 35% to Rs 74.12 crore (after providing for...

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Moneylife Digital Team 28 January 2015
Accepting the plea raised by the eight societies against Lakeview Developers, the Bombay HC passed an interim order against Hiranandani Developers to stop its ongoing construction work   The Bombay High Court has stopped the Hiranandani Developers group’s plans of constructing...

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Moneylife Digital Team 28 January 2015
ASCI upheld 62 out of the 97 complaints received by them in December. Almost a third of the advertisements axed are from the Personal and Healthcare category, followed by Education    The Consumer Complaints Council (CCC) of Advertising Standards Council of India (ASCI) upheld as many...

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Moneylife Digital Team 21 January 2015
The proposal aimed at rationalising and making clear the roles and responsibilities of securitisation trustees, is likely to be discussed at SEBI's board meeting Thursday   Market regulator Securities and Exchange Board of India (SEBI) is planning to put in place stricter norms,...

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Moneylife Digital Team 21 January 2015
Several depositors and investors are sending letters, notices to H&M for bounced cheques, while the company is reporting ‘fabulous’ financial results and obtaining ‘fancy’ ratings    Chennai-based Helios and Matheson Information Technology (H&M), an unfancied software company,...

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Will SEBI's draconian powers be curtailed now?   Among the many hurried and ill-considered legal amendments pushed by the United Progressive Alliance (UPA) government in its last months in office was the comprehensive amendment to the Securities & Exchange Board of India (SEBI) Act....

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Moneylife Digital Team 21 January 2015
Companies which are supposed to be part of the 'Make in India' campaign and who are supposed to be in need of resources, are still quite some distance away from tapping the bond market, Sinha said   With 'Make in India' becoming a major thrust area for the Government, Securities and...

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