REGULATIONS


Moneylife Digital Team 18 March 2016
Amit Baburao Ahire allowed SEBI debarred entity HBJ Capital Services to use his registration, for carrying out investment advisory services in return of money   Market regulator SEBI (Securities and Exchange Board of India) passed an interim order against   Amit Baburao Ahire,...

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Moneylife Digital Team 17 March 2016
Some unlisted companies are luring retail investors by issuing securities including NPS, NCDs in the garb of private placement, warns SEBI while issuing a list of 233 such entities    Market regulator Securities and Exchange Board of India (SEBI), while warning investors about...

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New Delhi : The Lok Sabha on Wednesday passed a bill to amend the mines and minerals act to allow transfer of captive mining leases not granted through auction.   Transfer of captive mining leases, not granted through auction, would allow mergers and acquisitions of companies and...

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New Delhi : The Congress and other opposition parties on Wednesday made strong pitch against the overall nature of the Aadhar Bill, which has already been passed by the Lok Sabha.   As the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016...

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Agencies 15 March 2016
With the Lok Sabha passing the real estate bill, the government expects home prices to come down and also give credibility to the realty sector   With the Lok Sabha giving its nod, Parliament on Tuesday passed the real estate bill which, Urban Development Minister M Venkaiah Naidu...

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Moneylife Digital Team 14 March 2016
Asking HDFC Bank to pay a compensation of Rs5 lakh, the apex consumer forum said the Bank has no love and respect for India   The National Consumer Disputes Redressal Commission (NCDRC), while asking to pay a compensation of Rs5 lakh has criticised HDFC Bank for the lender's failure...

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Nagpur : The Reserve Bank of India (RBI) has ordered a probe into allegations of irregularities committed by public, private and foreign banks to claim achievements of targets in lending to farmers and the agro-sector, an official said on Friday.   The probe has been ordered following...

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Mumbai : Four days after booking Kingfisher Airlines founder Vijay Mallya in a money-laundering case, the Enforcement Directorate served summons here on Thursday to KFA staffers and officials of the state-owned IDBI bank which he has defaulted of around Rs.900 crore.   Among the top...

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Moneylife Digital Team  and   agencies 10 March 2016
The government accepted as many as 20 amendments to the measure as proposed by a Rajya Sabha Select Committee   The Real Estate Bill, proposing a Real Estate Regulatory Authority, was approved by India's upper house of parliament after the government accepted as many as 20 amendments...

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New Delhi : The Real Estate Bill, proposing a Real Estate Regulatory Authority, was on Thursday approved by India's upper house of parliament after the government accepted as many as 20 amendments to the measure as proposed by a Rajya Sabha Select Committee.   The Bill, pending...

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New Delhi : Parliament on Wednesday passed the National Waterways Bill, which provides for declaring certain inland waterways as national waterways with the Rajya Sabha giving its nod to the legislation.   The bill, passed by Lok Sabha in December 2015, also repeals the five acts on...

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Chennai : Markets regulator Securities and Exchange Board of India (SEBI) on Tuesday finally held that Reliance Petroinvestments Ltd is not guilty of insider trading in respect of Indian Petrochemicals Corporation Ltd (IPCL).   In his order, adjudicating officer Suresh Gupta,...

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New Delhi : The National Green Tribunal (NGT) on Wednesday did not stay spiritual guru Sri Sri Ravi Shankar's Art of Living's World Culture Festival on the Yamuna floodplains but slapped an initial fine of Rs.5 crore on it.   Disclaimer: Information, facts or opinions expressed in...

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New Delhi : The telecom regulator has extended the date of submission of call drops compensation compliance report for the service providers to March 14, according to industry sources.   “TRAI has extended compliance report submission to March 14,” the source said.   The...

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Moneylife Digital Team 09 March 2016
According to the bank employees union, action against liquor baron Mallya will definitely have a chain reaction and the state machinery will have to take similar steps against all wilful defaulters of banks   The Indian National Bank Employees' Federation (INBEF), banking wing of...

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Moneylife Digital Team 08 March 2016
Mr Sarma, former secretary of the Government of India, in a letter to the Election Commission has demanded that a criminal case be filed against Vijay Mallya, MP, for not disclosing offshore accounts he held   EAS Sarma, former secretary to the Government of India (GoI) has demanded...

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New Delhi : The Supreme Court will hear on Wednesday a plea by the consortium of banks led by the State Bank of India seeking to restrain beleaguered liquor baron Vijay Mallya from leaving the country.   The apex court bench of Chief Justice T.S. Thakur and Justice U.U. Lalit agreed...

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New Delhi/Mumbai : The Enforcement Director (ED) on Monday registered a money-laundering case against founder of now defunct Kingfisher Airlines and liquor baron Vijay Mallya, official sources said.   "We have filed a case against Mallya on Monday. The case is specifically based on...

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Bengaluru : In a setback to industrialist Vijay Mallya, the Debt Recovery Tribunal (DRT) on Monday ordered British liquor major Diageo plc not to pay him the $75 million (Rs.504 crore) agreed as a severance package to quit its Indian arm United Spirits Ltd till the case against him before it...

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New Delhi : The government is under no contractual obligation to provide contiguous spectrum to a telecom operator, but Sistema Shyam has the right to seek alignment of its airwaves for continuity on terms allowed to other players, the industry tribunal has held.   Accordingly, the...

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