REGULATIONS


Companies listed exclusively on closed regional exchanges to re-list   Virendra Jain of Midas Touch Investors Association may have won yet another battle for marginalised retail investors, without even having to file a public interest litigation (PIL) this time.   In June...

Read More



Market regulators unconcerned about Helios & Matheson’s shenanigans   Astudy by FTI Consulting on disclosure standards shows that a majority of Indian companies have a long way to go in complying with mandatory as well as voluntary corporate disclosures mandated under listing...

Read More



Venkatachari Jagannathan (IANS) 28 April 2015
The department of industrial policy and promotion under the commerce and industry notified the increase in FDI limits in line with the FDI cap raised recently in the insurance sector from the existing 26%   Even as the Indian government on Monday notified the raised limit of foreign...

Read More



All investments in the pension sector, however, will have to abide by the pension sector regulator the Pension Fund Regulatory and Development Authority (PFRDA)   The Indian government on Monday raised the limit of foreign direct investment (FDI) in the pension sector to 49 percent in...

Read More



The transgender community, meanwhile, said it was happy to receive a "positive response" from all political parties   For the first time in 45 years, the Rajya Sabha on Friday unanimously passed a private member's bill to accord equal rights on transgenders.   "It is a...

Read More



Moneylife Digital Team 24 April 2015
Dr Subramanian Swamy gave an elaborative speech on the Black Money Bill to a standing ovation from an overflowing audience while speaking at a seminar organised by Moneylife Foundation in Mumbai   Dr Subramanian Swamy, the leader of Bharatiya Janata Party (BJP) said, "The Black Money...

Read More



The state government filed a review petition on April 7 seeking a stay on the March 30 order of Justice B.V. Nagarathna to the SEC for holding the civic poll by May 30, as its five-year term was ending on April 22   The Karnataka High Court on Friday put off elections to the city's...

Read More



Deutsche Bank has agreed to pay a $2.5-billion fine to settle US and British accusations that more than 20 employees engaged in a "widespread effort" to rig benchmark interest rates for profit between 2005 and 2009, officials said on Thursday.   New York State's Department of...

Read More



The government is considering clarificatory amendments to the rules on minimum alternate tax (MAT) for the benefit of foreign investors who are faced with retrospective capital tax gains demands worth Rs.40,000 crore.   "Clarificatory amendments to MAT rules are under consideration of...

Read More



Moneylife Digital Team 23 April 2015
Any offer of securities made to 50 or more persons has to be construed as a “Public Offer” under the provisions of Companies Act, 1956, points out SEBI in a release   Some unlisted companies are luring retail investors by issuing  securities  including non-convertible debentures/...

Read More



The Commercial Divisions will exercise jurisdiction over all cases and applications relating to commercial disputes   In a move aimed to speed up the disposal of commercial suits and take into consideration the Law Commission's recommendations on the matter, the union cabinet on...

Read More



Moneylife Digital Team 22 April 2015
Sri Ganesh Stocks, C Venkatesan and Vijaya Bharathi had acted as unregistered stock broker, sub-broker and also indulged in portfolio management services without obtaining registration from SEBI, according to a SEBI Order   SEBI in its order against Sri Ganesh Stocks and Shares, C...

Read More



The new rules in Maharashtra want builders to sell by ‘carpet area’. But is the government really serious?    Property-buyers in India are generally taken for a ride, or taken for granted. The Consumer Protection Act, 1986 (the Act), was supposed to provide relief; but implementation...

Read More



Moneylife Digital Team 21 April 2015
The company was engaged in fund mobilising activity through issue of Redeemable Preference Shares to more than 49 persons without complying with the provisions of the Companies Act, 1956, according to a SEBI Order on Affiance Industries Limited   SEBI passed an order on Affiance...

Read More



Moneylife Digital Team 21 April 2015
The company was engaged in fund mobilising activity through issue of Redeemable Preference Shares to more than 49 persons without complying with the provisions of the Companies Act, 1956, according to a SEBI Order on Polaris Agro Industries   SEBI passed an Order with respect to...

Read More



An industries department official told IANS on the condition of anonymity: 'A show-cause notice has been issued to the company on land allocation'   The Tamil Nadu government has cancelled the land allotted to Hindustan Coca Cola Beverages Pvt Ltd for its plant in Erode district, said...

Read More



Moneylife Digital Team 16 April 2015
Pune Stock Exchange is the thirteenth Stock Exchange to exit under this SEBI policy, says a release from SEBI   SEBI (Securities and Exchange Board of India) has passed an Order on 13 April 2015 providing the exit to Pune Stock Exchange Limited (PSE). PSE is the thirteenth Stock...

Read More



Moneylife Digital Team 16 April 2015
ERIL Mutual Benefit India Limited and its promoters/directors, including Biplab Kumar Dey,  Juthika Ghosh and Chandan Sinha Roy, are restrained from mobilizing funds through the issue of equity shares or through any other form of securities, to the public, according to a SEBI...

Read More



Moneylife Digital Team 15 April 2015
Ex-servicemen demand right to appeal to High Courts as fundamental right exercised by other citizens, against an order of SC making Armed Forces Tribunal the first and last forum for them    The Indian Ex-Servicemen Movement (IESM), which is Federation of Military Veterans' Movement,...

Read More



Nidhi Bothra 14 April 2015
In an environment where securitisation is considered to be done and written off, the amendments on public offer and listing of securitised debt instruments by SEBI are highly inconsequential   Market regulator Securities Exchange Board of India (SEBI) on 9 April 2015 amended the...

Read More

Free Helpline
Legal Credit
Feedback