REGULATIONS


Why can't RBI force banks to share the sender's name?   “The Core Banking Solutions (CBS) of banks should be enabled to capture complete information from the relevant fields in the messages, data files which can be displayed to customers when they access their accounts online or...

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Moneylife Digital Team 20 January 2015
Senior minister in the Modi government discussed issues involving procedures to be followed for replacing Ordinances with Bills and the preparatory measures in the upcoming Budget session of the Parliament   Senior ministers from the Narendra Modi cabinet met on Tuesday to discuss...

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Moneylife Digital Team 20 January 2015
According to investors and depositors, despite proclaimed strong financial results, H&M has been defaulting on repayments for fixed deposit and interest dues since June 2014   Shareholders and investors of Helios and Matheson Information Technology (H&M), an unfancied software...

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Moneylife Digital Team 19 January 2015
The President’s views assume significance in the context of the Modi Government promulgating nine Ordinances, after Parliament was paralysed in the winter session   President Pranab Mukherjee on Monday asked the ruling and Opposition parties to put their heads together and arrive at a...

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Moneylife Digital Team 17 January 2015
As per the financial statements of Utkarsha, it had long term liability Rs6.36 crore as on 31 March 2013 as against an inventory of Rs98.54 lakh comprising of agricultural lands   Market regulator Securities and Exchange Board of India (SEBI) has barred Utkarsha Plotters & Multi Agro...

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Moneylife Digital Team 17 January 2015
SEBI said these 63 companies are illegally collecting mobilising money, from investors by making false promises and assuring unrealistic return and people should stay away from these entities   Market regulator Securities and Exchange Board of India (SEBI) has cautioned people from...

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Moneylife Digital Team 17 January 2015
According to SEBI findings, the company had raised nearly Rs7 crore from thousands of investors   Cracking down on illicit realty investment activity, market regulator Securities and Exchange Board of India (SEBI) has barred NICL India Ltd from raising funds from the public and...

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Moneylife Digital Team 16 January 2015
It is utopian to expect banks to become insurance brokers, given that banks have neither expertise nor interest to sell insurance correctly   Seeking to increase “insurance penetration” in the country, the Reserve Bank of India (RBI) has allowed banks to act as brokers for insurers,...

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Moneylife Digital Team 16 January 2015
The new guidelines from RBI allow banks to act as brokers and permitting them to sell insurance policies from different insurance companies   Seeking to increase insurance penetration in the country, the Reserve Bank of India (RBI) has allowed banks to act as brokers for insurers, set...

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Moneylife Digital Team 14 January 2015
According to media reports, the Directorate General of Foreign Trade has slapped a fine of Rs100 crore on Riddhi Siddhi Bullions and also cancelled the bullion trader's import licence   The Directorate General of Foreign Trade (DGFT) has slapped a fine of Rs100 crore on Mumbai-based...

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Moneylife Digital Team 14 January 2015
SEBI, while passing the suspension order pointed out that the stock broker failed to furnish any documentary evidence to dispute the dues towards the registration fees    Market regulator Securities and Exchange Board of India (SEBI) has suspended the registration certificate of...

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TruthInAdvertising.org 14 January 2015
TINA.org's wins an important battle to obtain complaints against Utah-based companies   Consumers received an important holiday present this year when the Utah State Records Committee ruled in favor of TINA.org’s request to obtain copies of consumer complaints filed with the state...

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Moneylife Digital Team 13 January 2015
According to SEBI probe Infinity Realcon issued redeemable preference shares to 24,718 investors and mobilised about Rs19.32 crore between 2009 to 2013   Market regulator Securities and Exchange Board of India (SEBI) has barred Infinity Realcon Ltd from raising funds from investors...

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Moneylife Digital Team 13 January 2015
Golden Life Agro and its promoter-directors have also been restrained and prohibited from buying, selling or otherwise dealing in the securities market for four years   Market regulator Securities and Exchange Board of India (SEBI) has asked Golden Life Agro India Ltd and its...

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Moneylife Digital Team 13 January 2015
CBDT has asked the I-T department to specifically focus on cases getting "time barred by 31st March" so that legal requests could be sent abroad to US, UK, Switzerland and Gulf countries   The Central Board of Direct Taxes (CBDT) has asked officials from the Income Tax (I-T)...

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Moneylife Digital Team 13 January 2015
As per the status on 9th January, SEBI was awaiting clarifications on the IPO of Videocon d2h, which provides direct-to-home TV services   Market regulator Securities and Exchange Board of India (SEBI) has sought fresh clarifications from the merchant banker of Videocon d2h Ltd, the...

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Virendra Jain 12 January 2015
More than 3,000 listed companies have disappeared over the years. Even after a massive exercise and expenses, by the executive, Parliament and High Court's order, investors continue to be in a lurch    Over the last two decades, hundreds of companies that have vanished after picking...

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Moneylife Digital Team 08 January 2015
SEBI observed that VPIPL is prima facie engaged in fund mobilising activity from the public, through the Offer of NCDs   The Securities and Exchange Board of India (SEBI), based on its investigation ruled that VPIPL (Vaibhav Pariwar India Projects Limited) shall not mobilise funds...

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Marketing gimmick needs to be filed with the regulator   The Insurance Regulatory and Development Authority (IRDA) has said that insurance companies offering a guarantee for settlement of insurance claims within a certain number of days should make it a part of the product filing....

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Moneylife Digital Team 07 January 2015
A stock that will return 200% in 12 months? Stocks tips continue unabated despite SEBI’s rules to curb them. The rule will end up harassing genuine analysts it seems.   An email sent from an anonymous email ID suggests that the receiver buy “Prozone Intu Properties” or PIP. The email...

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