REGULATIONS


Moneylife Digital Team 08 June 2017
SEBI passed an order in respect of Pinku Kumar Das of Newland Agro Industries Limited under Sections 11 and 11B of the SEBI Act, directing Das, along with Newland Agro Industries Ltd. and other directors, to jointly and severally, refund the money collected by the company through the issuance...

Read More



Stock exchange major BSE on Monday disclosed that Rs 2.45 lakh crore worth of shares have been pledged by promoters of companies which are listed on its indices.   According to the BSE, as on May 31, 2017, out of the total 5,269 companies which are listed on the BSE, promoters of...

Read More



The Securities & Exchange Board of India’s (SEBI) show-cause notice to 14 top officials of the National Stock Exchange (NSE) hit the headlines at the end of May. But is it really a step forward in the investigation into serious charges made by an anonymous whistleblower about mismanagement...

Read More



Under the late Dr RH Patil’s leadership, the National Stock Exchange (NSE) bucked all predictions of failure and became India’s showpiece Exchange with a near monopoly over trading and a reputation for meticulous fair play. But transparency was always an issue with the NSE. My first...

Read More



Moneylife Digital Team 02 June 2017
Ravi Narain, Vice Chairman and former Managing Director & chief executive (CEO) of the National Stock Exchanges has resigned from the Exchange Board. Mr Narain, one of the founding members of NSE, had sent his resignation to NSE Chairman Ashok Chawla last night, say sources. This follows a...

Read More



Moneylife Digital Team 30 May 2017
Market regulator Securities and Exchange Board of India (SEBI) has issued show cause notices to 14 senior officials, from National Stock Exchange (NSE) in the algorithm (algo) or high frequency trading (HFT) case. Those who have been issued notices include, NSE's former Managing Director &...

Read More



Moneylife Digital Team 23 May 2017
Midas Touch Investors' Association (Midas), a well-known investor organisation, has suggested market regulator Securities and Exchange Board of India (SEBI) to provide monetary compensation to cheated investors for losses suffered, as a pre-requisite for investor...

Read More



Moneylife Digital Team 12 May 2017
The Securities Appellate Tribunal (SAT) has upheld an order of the Securities and Exchange Board of India (SEBI) that Pancard Clubs Ltd (PCL) is a collective investment scheme (CIS), which needs to be wound up and the Rs7,035 crore that the company had collected, should be refunded to...

Read More



Criticising corporate governance practices and whipping independent directors is a good way for a new chairman of the Securities and Exchange Board of India (SEBI) to start his term. There is usually plenty of fodder for such criticism; it makes the SEBI chairman appear tough and...

Read More



IANS 29 April 2017
Mumbai, Securities markets regulator SEBI on Friday directed all mutual funds (MFs) and asset management companies (AMCs) to reveal the remuneration packages of their top executives.   According to a SEBI circular, all MFs have to disclose on their website the name, designation and...

Read More



On 30 January 2016, Karthik Srinivasan, a communications professional, got an e-mailer from HDFC Bank offering a ‘Free’ account-handling service. The fine print at the bottom mentioned that it was Free only for a year and would be charged @Rs110 per quarter. This acceptance was auto-ticked....

Read More



Moneylife Digital Team 26 April 2017
Market regulator SEBI on Wednesday allowed options trading in commodity derivatives market, while allowing instant access facility (IAF) through online mode and use of e-wallets for investment in mutual funds (MFs). Redemption of investments made through e-wallet, however, can be done only...

Read More



Three cheers to Abhay Deol, the thinking actor, whose celebrity status has drawn enormous attention to our obsession with fairness. The trigger for his Facebook post, which has gone viral, was the crass comment of former Bharatiya Janata Party (BJP) parliamentarian Tarun Vijay, on a...

Read More



It seems to be an open season for whistle-blower letters these days—at least, at Moneylife. We keep getting one letter after another exposing the dirt on Indian capital markets and companies. Unfortunately, the deep expertise of insiders, and the excruciating detail they go into, will not...

Read More



Mumbai, The CBI on Friday raided the residences of several serving and former officers of the Central Bank of India and officials of the Sinhagad Technical Education Society (STES) at multiple locations in connection with a Rs 58 crore scam, an official said here.   The Central Bureau...

Read More



Mumbai, The Securities and Exchange Board of India (Sebi) on Thursday said stock exchanges operating in international financial services centres (IFSCs) may allow dealing in equity derivatives.   "Based on the recommendations of the Risk Management Review Committee of SEBI, it has...

Read More



Moneylife Digital Team 13 April 2017
The Bombay High Court has appointed the Official Liquidator attached to the Court as Provisional Liquidator of Elder Pharmaceuticals Ltd.    A copy of the letter has been sent to Moneylife Foundation by the Office of the Official Liquidator of High Court, Bombay, since Elder Pharma is...

Read More



IANS 13 April 2017
New Delhi, Stock market major BSE on Wednesday said that all listed entities on its platform need to file their financial results in 'XBRL' mode, in addition to 'PDF' format.   XBRL is a data-rich language for transmitting information via the Internet. It was developed specifically to...

Read More



Mumbai, Securities market regulator SEBI on Monday said it has settled an alleged case of takeover code violation with the budget passenger carrier SpiceJets Chairman Ajay Singh.   SEBI had earlier proposed to carry out adjudication proceedings against Singh for his failure to make...

Read More



Moneylife Digital Team 03 April 2017
Cautioning investors of PACL Ltd (erstwhile Pearls), market regulator Securities and Exchange Board of India (SEBI) had asked them to retain all documents with himself or herself and not to share or handover it to anyone for any reason. SEBI said the Justice RM Lodha Committee appointed by...

Read More

Free Helpline
Legal Credit
Feedback