REGULATIONS


RBI has replaced the 5:95 model with 15:85. Can something be done to retain the current cost structure for ARCs and mitigate the management-fee driven model? Here are the options   Stung by the aggressive management-fee based model adopted by Asset Reconstruction Companies (ARC),...

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Moneylife Digital Team 06 August 2014
A day after lowering SLR, Rajan said the RBI would reduce the amount of pre-emptions in the system including SLR and make a more effective priority sector lending process   Reserve Bank of India governor Dr Raghuram Rajan has said the central bank is all for reducing "pre-emptions"...

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Moneylife Digital Team 05 August 2014
SEBI found JSV Developers collecting money from public through its various schemes of joint venture association for development and maintenance of land   Market regulator Securities and Exchange Board of India (SEBI) has barred Madhya Pradesh-based JSV Developer India and its three...

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Moneylife Digital Team 05 August 2014
Following a circular from the market regulator, both BSE and NSE has asked all listed companies to strictly comply with corporate governance norms   Nudged by Securities and Exchange Board of India (SEBI) to step up their vigil against companies lacking good corporate governance...

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Moneylife Digital Team 05 August 2014
The COMPAT upheld an order passed by CCI, which had found NSE guilty of abusing its dominant market position in currency derivatives segment   The Competition Appellate Tribunal (COMPAT) on Tuesday upheld the directives passed by Competition Commission of India (CCI) against National...

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TruthInAdvertising.org 04 August 2014
The US FTC recommended telecom companies to prevent cramming, which is the illegal practice of hiding unauthorized charges, including giving customers express right to block third-party charges and developing a transparent process for resolving disputes   About four weeks after the...

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Moneylife Digital Team 31 July 2014
Pancard Clubs and its directors are barred from carrying on with their existing fund mobilizing activity through under holiday packages   The Securities and Exchanges Board of India (SEBI) ordered Pancard Clubs Ltd (PCL) and its directors to immediately stop collecting any fresh money...

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Murali Krishnan (Bar  and   Bench) 31 July 2014
The case has proved to be a tough nut to crack, especially for Sahara  with a number of Senior Advocates like Ram Jethmalani and Aryama Sundaram, withdrawing from the case midway   Senior Advocate Rajeev Dhavan will no longer appear for Subrata Roy in the SEBI-Sahara dispute before...

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Moneylife Digital Team 29 July 2014
The market regulator also warned of further actions against Khoday India including levy of monetary penalties, initiation of criminal proceedings and restricting the trading activities of related stocks   Market regulator Securities and Exchange Board of India (SEBI) has confirmed the...

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Moneylife Digital Team 29 July 2014
CAG has questioned how Axis Bank gave a guarantee of Rs252.50 crore to Infotel Broadband, which had a net-worth of Rs2.5 crore, without any margin money. Will RBI show some interest now?   The Comptroller & Auditor General (CAG) has recommended cancellation of the 4G licence and...

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Moneylife Digital Team 28 July 2014
RBI cancelled registration of GE Strategic Investments India, Profound Exports, Two Brothers Holding, Swank Services, Praxis Consulting and Information Services and Credible Microfinance, all based in Delhi   The Reserve Bank of India on Monday cancelled certificate of registration...

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Debolina Banerjee 28 July 2014
MCA’s latest order burdens private limited companies with even more stringent compliance, in case of related party transactions   The Ministry of Corporate Affairs (MCA) is leaving no stone unturned to make matters pertaining to related party and transactions clear. But is it...

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Shampita Das 25 July 2014
MCA's latest circular on 'transitional period for resolutions passed Under the Companies Act, 1956’ adds to a long list of such clarifications that seem to be standing in for lawmaking   The Ministry of Corporate Affairs’ (MCA) new avatar as the lawmaker seems to be gaining ground by...

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Moneylife Digital Team 24 July 2014
SEBI has passed an interim order directing Remac Realty not to collect any money from investors from its existing "schemes"/plans or to launch any new "scheme"/plan   SEBI (Securities and Exchange Board of India) has passed an interim order directing Remac Realty India Ltd., and its...

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Moneylife Digital Team 24 July 2014
SEBI orders Seashore Securities not to mobilise funds and not to dispose of any assets   The Securities and Exchange Board of India (SEBI) has ordered Seashore Securities Limited and its promoters and directors including Prashanta Kumar Dash, Pravat Kumar Dash, Jyotirani Sarangi,...

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Moneylife Digital Team 24 July 2014
With the Cabinet approving the amendments to the long pending Insurance Laws (Amendment) Bill, it will now be taken up by Parliament   The Cabinet on Thursday approved 49% foreign direct investment (FDI) in insurance companies through the Foreign Investment Promotion Board (FIPB)...

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Moneylife Digital Team 23 July 2014
While there is a talk of providing legal provision in the Companies Act, the RBI would like to work on examining regulatory framework for voluntary withdrawal by the entrepreneur, says B Mahapatra   In the absence of a good bankruptcy code in India, Reserve Bank of India (RBI) is...

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Moneylife Digital Team 23 July 2014
The latest order against the company is the third such ruling by SEBI against a Sai Prasad group firm. In 2013, SEBI had issued similar directions against two other Sai group firms — Sai Prasad Properties and Sai Prasad Foods   In another crackdown on an unauthorised money pooling...

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Indian companies seem to get away by not paying back public deposits. Will the newly active Ministry of Corporate Affairs under Nirmala Sitharaman start acting in the interests of the depositors?   The ministry of corporate affairs (MCA), which has a dynamic new minister in Nirmala...

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Indian Commodity markets are among the worst-regulated. Will the finance minster ask some questions?   The repercussions of the Rs5,600-crore scam at the National Spot Exchange Limited (NSEL) and the commodity transaction tax continue to be felt across the set of badly regulated...

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