REGULATIONS


Moneylife Digital Team 30 October 2014
The regulator has applied to the SC seeking directions against Sahara and to obtain a schedule of payment for the whole amount.   SEBI on Thursday moved the Supreme Court seeking the directions against the Sahara Group for non-payment of dues of Rs47,000 crore.   In its...

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Moneylife Digital Team 30 October 2014
FDI in construction sector will help the cash-starved realty sector raise funds, says Nomura in a research note   The government on 29th October relaxed rules for allowing FDI (foreign direct investment) in the construction sector including housing by reducing the minimum built-up...

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Moneylife Digital Team 28 October 2014
Competition Commission of India imposed a penalty of Rs10,62,062/- on Chemist and Druggists Association, Goa for indulging in anti-competitive practices   The Competition Commission of India (‘the Commission’) has found the Chemist and Druggists Association, Goa (CDAG) to be in...

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Why are investors of DLF and FT asked to pay the price for their promoters’ behaviour?   On 10th October, the Securities & Exchange Board of India (SEBI) closed a very reluctant, seven-year investigation into dubious disclosures by DLF Limited by barring the company, its chairman...

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Moneylife Digital Team 21 October 2014
SEBI said it might issue observations on RINL’s IPO document within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers to the clarification or additional information sought from them   Market regulator Securities and Exchange Board of India (SEBI)...

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Moneylife Digital Team 21 October 2014
The agency filed the report before Special CBI Judge Bharat Parashar and said that it contains a detailed report of investigation being carried out in the coal scam case   The Central Bureau of Investigation (CBI) on Tuesday filed a “detailed and comprehensive” revised final closure...

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Moneylife Digital Team 17 October 2014
DLF has filed an appeal with the Securities Appellate Tribunal –SAT against the ban, imposed by SEBI, on tapping capital markets for three years   DLF Ltd on Friday filed an appeal before the Securities Appellate Tribunal (SAT) against an order issued by Securities and...

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Moneylife Digital Team 16 October 2014
The one month extension, till 15th November, would allow companies to file their pending annual documents without attracting higher fees or fine and other penal action   The Ministry of Corporate Affairs (MCA) has extended the Company Law Settlement Scheme by one month to 15 November...

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Did IRDA get the answers it wanted? If not, what it it is doing about it?    Senior citizen Vishv Raj Singh from Karnal (Haryana) was mis-sold six policies by allegedly offering him installation of an Airtel tower to get a monthly rent and even sending a fake engineer to check the...

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Moneylife Digital Team 15 October 2014
SEBI issued its final observations on the draft offer documents filed by Kishore Biyani-promoted Future Retail. The company proposes to raise up to Rs1,600 crore through rights issue   Kishore Biyani-promoted Future Retail has received approval from Securities and Exchange Board of...

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Will the penalties lead to increased bribes?   Insurers are likely to happy with the new Road Transport and Safety Bill introduced in Parliament. There will be a graded penalty point system with enhanced fines that will act as a deterrent and improve traffic conditions by reducing...

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Moneylife Digital Team 15 October 2014
Fund companies are pushing them for their own benefit. They Are Illiquid & Costly   Fund houses have been vigorously pushing close-ended schemes over the past few months. Since the beginning of 2014, out of the 31 equity schemes launched, as many as 22 schemes have been close-ended...

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Moneylife Digital Team 14 October 2014
SEBI said disclosures were admittedly made by the Glaxo group with an aggregate delay of 60 days   Market regulator Securities and Exchange Board of India (SEBI), on Tuesday slapped a fine of Rs25 lakh on Glaxo Group Ltd, a promoter entity of drug maker Glaxo SmithKline...

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Moneylife Digital Team 14 October 2014
According to reports, the ED is probing whether Flipkart had violated any retail norms during its Big Billion Day sale and may impose stiff penalty on the online retailer if found guilty   The Enforcement Directorate (ED) has issued notice to online shopping portal Flipkart...

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Moneylife Digital Team 14 October 2014
Amid a public spat between him and the Tata group, Pendse was removed as Tata Finance chief way back in 2001 after a company subsidiary ran huge mark-to-market losses and the group also filed criminal charges against him   Market regulator Securities and Exchange Board of India (SEBI)...

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Moneylife Digital Team 14 October 2014
CBI, which has examined IRDA’s former chairman J Hari Narayan and other officials, is looking at the circumstances under which the penalty was ‘brought down’ to Rs20 lakh from a possible Rs17,500 crore, say media reports   The Central Bureau of Investigation (CBI) has started a...

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Moneylife Digital Team 13 October 2014
According to an RTI reply received by Shailesh Gandhi, the Home Ministry has even failed to reply to a proposal aimed at allowing the police to purchase fuel needed for the 72 speed boats   After the 26/11 Mumbai terror attack, Maharashtra bought about 72 speedboats to beef up...

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Moneylife Digital Team 10 October 2014
The Securities Laws Amendment Act, notified by the government in August facilitates setting up of a special SEBI court to fast-track suspected cases of fraud   A special court may be set up soon to fast-track prosecution and investigations initiated by the Securities and Exchange...

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Moneylife Digital Team 08 October 2014
SEBI chief wants to unveil new insider-trading norms by March 2015 while the market regulator ignores hundreds of cases of brazen stock manipulation   Market regulator Securities and Exchange Board of India (SEBI) is likely to unveil latest version of its insider trading regulations...

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Moneylife Digital Team 01 October 2014
Loop Mobile’s licences for Mumbai circle will expire in November after which it will not be able to offer telecom services   The Telecom Regulatory Authority of India (TRAI) has directed Loop Mobile to inform date of closure of its services in Mumbai to all its...

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