REGULATIONS


Moneylife Digital Team 22 September 2016
The market regulator Securities and Exchange Board of India (SEBI) has ordered National Stock Exchange to appoint a third-party auditor to examine allegations of unfair access to the Exchange for some brokers in algorithmic trading, say media reports. SEBI also asked the Exchange, to deposit...

Read More



Moneylife Digital Team 21 September 2016
The SEBI Employees’ Association (SEA) has expressed concern over recent raids by Central Bureau of Investigation (CBI) on residences of three of its members. "...These selective examinations are extremely demoralising for the entire organisation and will result in creating a fear psychosis,"...

Read More



Moneylife Digital Team 13 September 2016
Market regulator Securities and Exchange Board of India (SEBI) has issued a warning for investors asking them to stay away from participating in fund-raising through digital platforms. This warning is surprising, especially when in 2014, SEBI itself has floated a consultation paper on...

Read More



On 6th September, the Supreme Court of India refused to permit Ravi Ruia, promoter of the giant Essar group of companies to travel abroad. Here’s what a bench of Justices JS Khehar and Arun Mishra said while rejecting his plea. “We have allowed a person to go abroad but he never came back. He...

Read More



A quarter century ago, when the capital market watchdog had just come into existence but there were no insider trading regulations, we used to joke that 90% of all trading in the stock market is based only on inside information. Even the last guy getting a hot tip on a long train commute to...

Read More



IANS 25 August 2016
The Securities and Exchange Board of India (Sebi) on Wednesday confirmed its interim ban order on 10 persons and one corporate connected with Dhyana Finstock Ltd from dealing in the securities market for evading tax using the preferential allotment and stock market mechanism.   The...

Read More



Moneylife Digital Team 18 August 2016
Market regulator Securities & Exchange Board of India (SEBI) has barred Maharashtra's minister for cooperation, marketing and textile Subhash Deshmukh, his Lokmangal group and its promoters and directors from markets for failing to adhere to guidelines. The regulator also asked these...

Read More



Vignesh Iyer 16 August 2016
Market regulator Securities and Exchange Board of India (SEBI) in their order dated 4 February 2016 regarded ‘Facebook’ account as evidence to prove charges against an individual under the SEBI (Prohibition of Insider Trading) Regulations, 1992. SEBI continues interpreting this in a wider...

Read More



Six years after it allowed the National Stock Exchange (NSE) to introduce high frequency trading (HFT) and algorithmic (algo) trading without any debate, rules or regulations, the Securities and Exchange Board of India (SEBI), on 5th August, put out a discussion paper on “Strengthening of the...

Read More



Moneylife Digital Team 12 August 2016
Kailash Auto Finance Ltd, a company listed on BSE with a market capital of Rs37.57 crore, was finally suspended as a surveillance measure. The company, which was a part of S&P BSE SmallCap, and is engaged in hire purchase and lease financing business, was operating from a table space, reveals...

Read More



CS Jyoti Srivastva 10 August 2016
In order to facilitate smooth transition during the first year of India accounting standard (IND-AS) implementation, market regulator Securities Exchange Board of India (SEBI) issued a circular (No. CIR/CFD/FAC/62/2016) on 5 July 2016 (the Circular). The Ministry of Corporate Affairs (MCA)...

Read More



Moneylife Digital Team 08 August 2016
The Securities Appellate Tribunal (SAT) has asked Whole Time Member (WTM) of Securities and Exchange Board of India (SEBI) to pass within two weeks an order in the Adventz Finance Pvt Ltd case. This follows refusal by Adventz Finance to avail fresh opportunity of hearing before the concerned...

Read More



IANS 04 August 2016
The US Federal Reserve on Wednesday ordered Goldman Sachs to pay $36.3 million of civil money penalty for its unauthorised use and disclosure of confidential supervisory information.   The Fed was also seeking to impose a fine on a former Managing Director at Goldman Sachs, Joseph...

Read More



IANS 03 August 2016
The Supreme Court on Wednesday asked Sahara chief Subrata Roy to deposit another Rs300 crore to continue to stay on parole.   The court rejected Roy's plea to be permitted to sell Sahara's property to raise money to return investors' deposits collected in 2008 and 2009 through OFCDs...

Read More



It is good that the capital market watchdog had the sagacity to defuse, with an unconditional apology, an ugly situation with dangerous portends. It was also mature of the Securities Appellate Tribunal (SAT) to accept the apology and close the matter in order to protect the regulator’s...

Read More



Moneylife Digital Team 28 July 2016
The Securities Appellate Tribunal (SAT), following unconditional apology and review application from Securities and Exchange Board of India (SEBI), has allowed the Whole Time Member (WTM) of SEBI to pass an appropriate order within a week in the Adventz Finance Pvt Ltd case. The Tribunal also...

Read More



Taking a crucial step towards checking black money, the Lok Sabha on Wednesday passed the Benami Transactions Amendment Bill with the new legislation having provisions for confiscating 'benami' (proxy) assets.   During the debate, members favoured stringent measures including capital...

Read More



The Union Cabinet on Wednesday approved a proposal to raise foreign shareholding limit in Indian stock exchanges from 5 to 15 per cent, an official statement said.   The decision, taken at a meeting of the cabinet, chaired by Prime Minister Narendra Modi, will increase shareholding...

Read More



The Reserve Bank of India (RBI) has imposed a penalty of Rs5 crore ($754,000) on the Bank of Baroda (BoB) for irregularities in anti-money laundering (AML) provisions that came to light in October 2015, the public sector lender said here on Monday.   "The Reserve Bank of India has...

Read More



The Supreme Court on Monday issued notice to businessman Vijay Mallya on a plea by the lenders seeking contempt proceedings against him for not making full disclosure of assets held by him, his wife and children in India and abroad.   As the bench of Justice Kurian Joseph and Justice...

Read More

Free Helpline
Legal Credit
Feedback