REGULATIONS


A ray of hope for hapless homebuyers   The Union Cabinet has cleared The Real Estate (Regulation & Development) Bill which had been languishing under the United Progressive Alliance government. The Cabinet clearance comes at a time when there is irrefutable evidence of a severe...

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Moneylife Digital Team 14 April 2015
Now even big corporates can manufacture pickles and chutneys, wooden furniture, exercise books and registers, wax candles, agarbatties and glass bangles that were monopoly of the MSME segment   The union government has removed remaining 20 items like fireworks, safety matches, bread,...

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Market regulator SEBI on Monday barred Kolkata-based I-Nova Solutions Ltd (INSL) and its directors from accessing the capital market.   "The company shall not mobilize funds from investors. Further, the company and its directors are prohibited from issuing prospectus or any offer...

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While the country's installed power generation capacity is around 250,000 MW from all sources, the government has set a target of generating 175,000 MW from renewable sources by 2022, including 100,000 MW from solar power   The NITI Aayog will soon come out with an integrated policy...

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If the generation of black money is not curbed, the new law will be just another amnesty scheme and tool for tax terrorism   The Narendra Modi government swept into power on the promise that it would provide minimum government, maximum governance and help bring back the vast hoards of...

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Moneylife Digital Team 10 April 2015
The Real Estate Bill passed by the Modi cabinet, would bring some accountability among realty players. However, government agencies whose slow approval processes delay projects, would remain as unaccountable as before   The union cabinet, chaired by Prime Minister Narendra Modi, on...

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Greenpeace India, however, has received "no official communication" from the ministry, the NGO said in a statement   The Indian government on Thursday announced it has "temporarily" suspended the registration of Greenpeace India under the foreign contributions law for...

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Of late, the number of complaints by people who have paid money for buying flats and villas promoted by real estate companies have gone up drastically   To streamline real estate development in Kerala and to eliminate fly-by-night operators, the state government has approved the...

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For Rs1 Lakh, Borrower Makes the Lender Approach the SC   One Mr A gave a loan of Rs1 lakh to his friend Mr B. Later, B gave a cheque for Rs1 lakh dated 31 December 2005 to A, towards repayment of the loan. The cheque was presented on 30 June 2006, six months later. It bounced. A...

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According to an official of the Delhi government, the company has been committing major entertainment tax fraud since 2013   The Delhi government on Tuesday directed Essel Group owned Siti Cable Network Limited to deposit Rs33.12 crore as outstanding entertainment tax for two years,...

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The bill provides for setting up a Real Estate Regulatory Authority and fast-tracking resolution of disputes through adjudication   The union cabinet on Tuesday gave its approval to amendments to the real estate bill which seeks to promote fair play in real estate transactions and...

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Admitting that changing the age-old system was not possible overnight, Amitabh Kant, secretary in the department of industrial policy said sustained, persistent and hard work would pave way for ease of doing business in the country   The central government has given 98 points to...

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The bill offers many sops to the investors including exemption from size of land holding   The Rajasthan assembly on Monday passed a bill to set up special economic zones (SEZs) in the state.   Passed by voice vote, The Rajasthan Special Economic Zones Bill, 2015, seeks to...

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PM Modi said environment protection and development can go "hand in hand" but expressed disappointment that "lies" were being floated around in this regard   Seeking to scotch "lies" about the controversial land acquisition bill, Prime Minister Narendra Modi on Monday declared that it...

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The chargesheet was filed before the city sessions court, under the provisions of the Prevention of Money Laundering Act in pursuance of the a complaint from the Securities and Exchange Board of the India to the Enforcement Directorate   Arrested Rose Valley group chairman Gautam...

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"The required national push to finance infrastructure should not override financial stability, which is key to national security," RBI Governor said.   Warning of excessive lending to infrastructure posing a possible threat to the country's security, RBI Governor Raghuram Rajan on...

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Moneylife Digital Team 02 April 2015
The Centre is working on formulating a new law on the lines of Section 66 (A) as there was no conviction in the previous law, the Maharashtra chief minister told the Legislative Council     Maharashtra chief minister Devendra Fadnavis said that the Centre is working on formulating a...

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Moneylife Digital Team 02 April 2015
The company was engaged in fund mobilising activity from public by floating/ sponsoring/  launching Collective Investment Scheme (CIS) as defined in section 11AA of the SEBI Act, 1992, according to the SEBI Order   The SEBI Order passed on Swar Agroteak and Housing (India) Private...

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Moneylife Digital Team 02 April 2015
The company was found engaged in fund mobilising activity through issue of NCRSDs to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956 and SEBI (Issue and Listing of Debt Securities) Regulations, 2008, according to the SEBI Order   SEBI, in...

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Prime Minister Narendra Modi on Thursday urged the Reserve Bank of India (RBI) to prepare a road-map for "financial inclusion" ahead of its centenary year in 2035.   "The RBI will be completing 100 years in 2035 and it will be appropriate for it to work on financial inclusion and...

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