REGULATIONS


Moneylife Digital Team 10 September 2019
Vivimed announced its limited review results of Q3 FY16-17 on 14 February 2017 and reported a revenue of Rs363 crore (O2 FY17 - Rs300 crore) and a profit after tax (PAT) of Rs52 crores (Q2 FY16-17 - Rs26 crore). The revenue included Rs73 crore of business transfer agreement (BTA) with Ordain...

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Moneylife Digital Team 09 September 2019
With market regulator Securities & Exchange Board of India (SEBI) asking all rating agencies to do probability of default (PD) benchmarking for their AAA, AA and A ratings, the divergence across rating agencies could soon be a thing of the past, says a research note.    With rising...

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Moneylife Digital Team 09 September 2019
Justice DK Jain, appointed by the National Company Law Appellate Tribunal (NCLAT) to oversee the Infrastructure Leasing & Financial Services (IL&FS) resolution process, has approved transfer of Gurgaon Rapid MetroRail to Haryana Urban Development Authority (HUDA). It will now be incumbent on...

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Moneylife Digital Team 09 September 2019
The Securities Appellate Tribunal (SAT) has overturned the 2-Year ban imposed by market regulator SEBI (Securities & Exchange Board of India) on Price Waterhouse & Co (PwC).   Last year, SEBI had barred PwC from undertaking any fresh audit or issuing any certificate of audit to listed...

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Moneylife Digital Team 06 September 2019
While admitting that Securities and Exchange Board of India (SEBI) had indeed ordered a forensic audit for three years between 2015-16 and 2017-18, Sun Pharmaceutical Industries Ltd (Sun Pharma), however, has failed to explain why it did not disclose this price sensitive information to stock...

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IANS 30 August 2019
The Reserve Bank of India (RBI) said on Thursday that the overall economic outlook of the country appeared clouded for 2019-20 and advised to prioritise the revival of consumption and private investment and structural reforms.   "Overall, the outlook appears clouded as the Indian...

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IANS 30 August 2019
Counterfeiting of the newly-designed Rs 500 notes shot up by 121 per cent and of the Rs 2,000 notes by 21.9 per cent in 2018-19 in comparison to the previous year, the RBI said on Thursday.   Of the Rs 200 denomination note, which was introduced in August 2017, as many as 12,728...

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IANS 29 August 2019
The balance sheet of RBI swelled by 13.42% from Rs 36.17 lakh crore to touch Rs 41 lakh crore during the 2018-19 due to domestic and foreign investments, according to the annual report of the central bank relased on Thursday.   There was an increase in the size of the bank's balance...

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IANS 23 August 2019
Reserve Bank of India's August policy meet had quite a few 'unconventional' takeaways. It will surely be recalled for the 35 basis point rate cut and 'floccinaucinihilipilification' (no spelling error!).   The rare term came from the external Monetary Policy Committee (MPC) member...

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Moneylife Digital Team 21 August 2019
Market regulator Securities and Exchange Board of India (SEBI), on Wednesday, eased  the rules for foreign portfolio investors (FPI) doing away with the broad-based eligibility criteria for FPIs and announced that the registration for multiple investment manager structure would be...

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IANS 20 August 2019
Securities market regulator Sebi on Monday came out with stringent norms for regulatory disclosures by listed firms.   A Sebi circular on "non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018" issued on Monday prescribes a...

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IANS 20 August 2019
Union Housing and Urban Affairs Secretary Durga Shanker Mishra on Monday said the government is working towards amending several provisions of the Real Estate Regulations Act (RERA), which will benefit both developers and homebuyers.   Speaking at the 15th national convention of the...

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Ambika Mehrotra 19 August 2019
The Securities Appellate Tribunal (SAT) vide its order dated 2 August 2019 recently quashed the order passed by the Securities and Exchange Board of India (SEBI) on 2 August  2017 in the matter of PG Electroplast Ltd (PGEL)  and its Promoter Directors.   Setting aside the penalty...

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Moneylife Digital Team 13 August 2019
Market regulator Securities Exchange board of India (SEBI) has directed Indore-based Star India Market Research and its proprietor Dharmendra Kumar to pay a penalty of Rs40 lakh for pushing its clients towards investments with a higher risk profile than they could afford.    The...

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CS Ambika Mehrotra 13 August 2019
The status of key managerial personnel of a company bestows on the company secretary manifold functions and responsibilities under various provisions of law, inter alia, Section 205 of the Companies Act, 2013, Regulation 6 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,...

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The Central government on Monday told the Supreme Court that the NBCC is willing to complete pending housing projects of Unitech under a court-appointed monitoring committee, headed by a retired high court judge, which would eventually hand over the possession of the flats to home buyers in a...

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Moneylife Digital Team 26 July 2019
Fund crunch at IL&FS Securities Services Ltd (ISSL) hit its client-brokers on Thursday morning as the National Stock Exchange (NSE) put their terminals in square-off mode due shortfall in settlement payments by ISSL. On Friday too, the terminals continued to remain in square-off mode....

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The incessant unravelling of corporate frauds and misappropriations in India over the past few weeks have opened up a Pandoras Box on the critical gaps in the countrys corporate rescue framework.   The key message is that effective corporate governance must separate ownership and...

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Pammy Jaiswal 23 July 2019
The listed entities are burdened with the compliance requirements under numerous regulations issued by the Securities Exchange Board of India (SEBI) including the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations). These regulations lay down various to-dos for the...

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Vinod Kothari  and   Vinita Nair 19 July 2019
A Securities Exchange Board of India (SEBI) proposal by way of a consultative paper on 18 July 2019 to amend Reg. 33 of SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations seeks to lay down in the rule book of listed entities that when auditors want to resign in the middle...

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