REGULATIONS


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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Securities markets regulator SEBI on Tuesday allowed exchanges to commence options trade in commodities futures on a pilot basis.   "It is decided that initially, on a pilot basis each exchange shall be allowed to launch options on futures of only one commodity that meets the criteria...

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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...

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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...

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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...

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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...

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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...

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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 &...

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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...

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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...

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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...

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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...

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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....

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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...

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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...

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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...

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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...

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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...

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