REGULATIONS


Just as one was about to laud the Securities & Exchange Board of India (SEBI) for a couple of good decisions (on hurdle fee for holders of participatory notes and reporting loan defaults to bourses within a day), it has gone and blotted its copy book rather badly. Chairman Ajay Tyagi is a man...

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Moneylife Digital Team 11 August 2017
The Securities Appellate Tribunal on Friday upheld an order passed by Securities and Exchange Board of India (SEBI) barring Vijay Mallya from holding any board position or act as a key managerial person in a listed company in the country. SAT also dismissed appeals filed by four other persons...

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IANS 10 August 2017
The Securities Appellate Tribunal (SAT) on Thursday stayed the trade restriction order by securities market regulator Securities and Exchange Board of India (Sebi) on building construction services provider J.Kumar Infraprojects.   The company's attorney Amit Bikram Dey confirmed the...

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Moneylife Digital Team 08 August 2017
Last evening, the market regulator, Securities and Exchange Board of India (SEBI), placed 331 companies in stage VI of Graded Surveillance Measure (GSM). These companies have been identified as shell companies. What this means is that the securities in this group will be allowed to trade only...

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Moneylife Digital Team 04 August 2017
Market regulator Securities and Exchange Board of India (SEBI) has set up a Committee to explore and deliberate on emerging technologies like financial market platforms for fund raising, online access to investment products, post-trade market for securities, including blockchain, and product...

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IANS 04 August 2017
Market regulator Securities and Exchange Board of India (SEBI) on Thursday approved the launch of 85 additional derivatives in stock exchanges of Gujarat International Finance Tec-City International Financial Service Centre (GIFT City IFSC).   SEBI elaborated that approval has been...

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IANS 03 August 2017
The government has prepared a draft law to check frauds by chit fund companies which operate in more states than one, Finance Minister Arun Jaitley said in the Lok Sabha on Thursday. He also declared that criminal and recovery proceedings will be started against defaulters of bank loans who...

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IANS 02 August 2017
The BSE on Tuesday said it has got no-objection nod from securities markets regulator SEBI to act as a facilitator in non-competitive bidding (NCB).   Securities and Exchange Board of India (SEBI) go-ahead will facilitate the stock exchange major to act as a facilitator in the auction...

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IANS 02 August 2017
Stock market regulator, the Securities and Exchange Board of India (Sebi) on Tuesday said it has set up a committee "on fair market conduct".   The committee is expected to submit the report within a period of four months.   "The committee will suggest short term and medium...

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Moneylife Digital Team 28 July 2017
SEBI (Securities and Exchange Board of India) convened a meeting on 28 July 2017 with stock exchanges, clearing corporations and depositories (market infrastructure institutions-MIIs) operating in the domestic market and GIFT IFSC in order to assess their preparedness on areas related to...

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The panic triggered by the malfunction of the National Stock Exchange (NSE) on 10th July, when its prices were not updating and the Exchange was forced to remain shut for nearly three hours was, by no means, a ‘black swan’ event, as chairman Ashok Chawla described it. His statement not only...

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Indian Commodity Exchange Ltd (ICEX), a screen based on-line derivatives exchange for commodities, on Monday said it has received approval from Securities and Exchange Board of India (Sebi) to re-commence live trading operations.   In a statement issued here, ICEX said it has...

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Moneylife Digital Team 07 July 2017
Market regulator Securities and Exchange Board of India (SEBI) says it is initiating action against non-compliant companies that were exclusively listed (ELCs) on dissemination board and their promoters-directors. SEBI action includes barring the company, its promoters-directors from market...

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Moneylife Digital Team 30 June 2017
The Securities Appellate Tribunal on 28 June 2017 passed a judgment rapping Securities and Exchange Board of India (SEBI) in two cases and imposing a Rs10,000 fine.    In one case, the appellants were Vilas Valunji, Partha Debnath and Janardhan Shriniwas Purandare. In another case, VA...

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Moneylife Digital Team 27 June 2017
The Securities and Exchange Board of India (SEBI) is putting out absurdly wrong numbers and data full of mistakes with regard to data for portfolio management services (PMS).    SEBI has always been reluctant to share the data, which is key to helping investors choose the right...

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Moneylife Digital Team 23 June 2017
Market regulator Securities & Exchange Board of India (SEBI) will further amend its norms for investment advisers and distributors, making it necessary to segregate their advisory and product distribution businesses. "To prevent the conflict of interest that exists between 'advising' of...

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Moneylife Digital Team 21 June 2017
Market regulator Securities and Exchange Board of India (SEBI) has engaged a forensic expert to aid in its investigation in the National Stock Exchange (NSE) case of allowing co-location (Colo) facility for algorithm (algo) or high frequency trading (HFT).    Talking to reporters...

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Moneylife Digital Team 21 June 2017
Market regulator Securities and Exchange Board of India (SEBI) has relaxed the takeover norms for the acquisition of stressed assets to help the government and the Reserve Bank of India (RBI) in their efforts to tackle bad loans.   SEBI Chairman Ajay Tyagi told reporters after the...

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The new chairman of the Securities & Exchange Board of India (SEBI), Ajay Tyagi, is a man in a hurry. Almost every day, you have a major order, decision or committee being announced, whether it is the Reliance Industries insider trading case decided after nine years, setting up yet another...

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Securities markets regulator SEBI on Tuesday mandated commodity exchanges to set up investor protection fund (IPF) and investor service fund (ISF) from July 1.   "The investor claim arising out of a default of a broker/member of the exchange shall be eligible for compensation from...

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