REGULATIONS


Moneylife Digital Team 21 October 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 the SEBI Order   Market regulator SEBI (Securities Exchange Board of India) directed...

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IANS 21 October 2015
A subscriber could get a maximum of Rs.90 per month. But based on average revenues per subscriber, which is Rs.180-Rs.200 for Idea and Bharti, it can prove quite a knock   The Indian telecom watchdog's decision to penalise mobile phone service providers for call drops is fraught with...

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Moneylife Digital Team 16 October 2015
The apex court also holds unconstitutional and void the 99th Constitutional Amendment to bring in NJAC for appointing judges   The Supreme Court, while maintaining that the collegium system for selecting judges will continue, has rejected the National Judicial Appointments Commission...

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IANS 15 October 2015
The Supreme court on Thursday relaxed its earlier order extending use of Aadhaar card on voluntary basis in social welfare scheme MNREGA, old age pension scheme, provident fund and Prime Minister's Jan Dhan Yojana.   The apex court constitution bench headed by Chief Justice H.L. Dattu...

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IANS 15 October 2015
Central Bureau of Investigation (CBI) Special Judge O.P. Saini discharged Ghosh and three telecom firms - Bharti Cellular Ltd, Hutchison Max Telecom Pvt Ltd (Vodafone India Ltd) and Sterling Cellular Ltd (Vodafone Mobile Service Ltd)   A special court here on Thursday dropped charges...

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High-frequency trading is causing more and more concern, especially among global regulators   High frequency trading (HFT), through computer-generated algorithms, is something that few retail investors are even aware about, despite its massive role in our equity markets. According to...

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From not being sure about the applicability of its own regulation to issuing bizarre order of refunding money with 10% interest, SEBI’s repeated bungling under three different chairmen is shocking   The Securities Appellate Tribunal (SAT) on Tuesday set aside part of an order of...

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Moneylife Digital Team 14 October 2015
PACL’s small investors from remote districts are in a panic about their investments, as the company gives them a run-around; but SEBI recovery proceedings can begin only after 11 November 2015, as per SAT order   Lakhs of investors who put their hard earned money in PACL formerly...

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Harsh rules, poor awareness can destroy the financial future of a person   It is 15 years since India answered the demand of large lenders, such as banks and finance companies, by setting up the first credit information bureau to track the credit history of individual borrowers. This...

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IANS 14 October 2015
The new black money law has been intentionally made harsh because the government is tacking a problem which normal law were not able to address for so many years, Central Board of Direct Taxes (CBDT) chairperson Anita Kapur said on Tuesday.   "We owe it to the country to ensure at...

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Moneylife Digital Team 13 October 2015
SEBI (Securities and Exchange Board of India) passed an order on Sunheaven Agro India and its directors directing it to refund the money collected by the company through issuance of Redeemable Preference Shares from investors, with interest at the rate of 15% per annum compounded at half...

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No focus on stock markets and other money-laundering machines   After all the noisy assertions, only Rs4,147 crore of unaccounted wealth was declared during the special 90-day compliance window of the The Undisclosed Foreign Income and Assets (Imposition of Tax) Act, 2015 (Black Money...

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IANS 12 October 2015
India's capital markets regulator SEBI on Monday said that it is making best efforts to check the flight of start-ups to other countries by creating a conducive climate for their growth in India.   "Start-up and SME IPOs have begun to develop in India. The perception, however, is...

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IANS 09 October 2015
Former union minister and Congress leader Matang Sinh's estranged wife Manoranjana -- who was arrested in connection with the Saradha scam -- was on Thursday sent to five days custody of the CBI by a court here.   Manoranjana along with Kolkata-based entrepreneur and chairman of the...

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Moneylife Digital Team 08 October 2015
Minutes of one of the last FMC meetings note rampant client code modifications by NSEL brokers “who may have indulged in manipulation in order to evade taxes, which needs to be probed into”   Market regulator Securities and Exchange Board of India (SEBI), which merged the Forward...

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IANS 08 October 2015
The Central Bureau of Investigation (CBI) has filed a charge sheet in the 2014 bribery case naming Syndicate Bank chairman-cum-managing director S.K. Jain and Bhushan Steel Ltd. vice-chairman Neeraj Singhal as accused in the case, sources said Thursday.   The charge sheet was filed...

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IANS 07 October 2015
The cabinet on Wednesday approved the National Watershed Management Project (NWMP) to ensure access to irrigation for every farm, union Shipping Minister Nitin Gadkari said.   The NWMP will be a component of the Pradhan Mantri Krishi Sinchayi Yojana (PMKSY) and will ensure access to...

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IANS 07 October 2015
Ahead of the festive season, the union cabinet on Wednesday declared a productivity linked bonus for Indian Railways' employees to the tune of Rs.1,030.02 crore for the current year.   The bonus - equivalent to 78 days' wages - will be calculated according to the prescribed ceiling...

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Moneylife Digital Team 07 October 2015
The larger bench will decide whether Aadhaar number can be used for schemes other than PDS & LPG as sought by various authorities and regulators like RBI, SEBI, TRAI, IRDA, PFRDA and others   In a setback to the central government, the Supreme Court on Wednesday refused to modify its...

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Market regulator seeks to make listed companies disclose more   Market regulator Securities and Exchange Board of India (SEBI) has been trying to protect the interest of investors by making listed companies disclose more. ‘Listing’, as investors know, denotes the permission granted by...

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