REGULATIONS


MDT/PTI 12 November 2012
SEBI probe found that Bahubali Shantilal Shah, Lok Prakashan, Shreyans S Shah and Smruti S Shah provided funds to key operators for cornering shares reserved for retail individual investors in IPOs of IDFC and IL&FS   Mumbai: Market regulator Securities and Exchange Board of India...

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MDT/PTI 12 November 2012
SEBI is looking at introducing a small-duration trading pause and annulment of orders to ring-fence equity investors in a 'flash crash' situation   New Delhi: Capital market regulator Securities and Exchange Board of India (SEBI) is looking at introducing a small-duration trading...

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MDT/PTI 09 November 2012
CIC asked the market regulator to make public names of entities which were allegedly involved in the insider trading of shares of Reliance Petroleum in 2007   New Delhi: The Central Information Commission (CIC) has directed the Securities and Exchange Board of India (SEBI) to make...

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MDT/PTI 09 November 2012
SEBI found that 10 entities including the five individuals transferred or received shares in off-market transactions in respect of 70.78 lakh shares of Indo Pacific Software and Entertainment   Mumbai: The Securities Appellate Tribunal (SAT) upheld Securities and Exchange Board of...

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MDT/PTI 09 November 2012
SEBI found Dynamic Stock Broking was one such entity which facilitated Nirmal Kotecha, one of the promoters and the largest shareholder of Pyramid Saimira then, to create artificial volumes in the company shares   Mumbai: Market regulator Securities and Exchange Board of India (SEBI)...

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“The RBI independence is critical and crucial. It has to be fiercely guarded. But, that does not mean that in shaping monetary policy, the RBI should not consider the fiscal consequences of monetary policies”—Sumit K Majumdar, Professor of Technology Strategy, University of Texas (Hindu...

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MDT/PTI 08 November 2012
SEBI said the proceedings against Kwality Dairy for non-compliance with the guidelines, 'stand settled and it will not initiate any enforcement action against the company Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has disposed of the case against Kwality Dairy...

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MDT/PTI 08 November 2012
From January 2014 onwards, FIIs and their sub-accounts can re-invest 50% of their debt holdings Mumbai: Easing norms for foreign investors, market regulator Securities and Exchange Board of India (SEBI) has allowed them to re-invest half of their investments in debt holdings to the next...

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MDT/PTI 08 November 2012
The ban on NGHI, its promoters and its directors would continue, till the schemes of the company are wound up and all the monies are refunded to the investors Mumbai: Jaipur-based NGHI Developers and related entities will remain barred from collecting money from investors and accessing...

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MDT/PTI 08 November 2012
RBI in its guidelines said that Long term resources should not fall below 70% of long term assets and long and medium term resources together should not fall below 80% Mumbai: In order to enhance the risk management of the banking system, the Reserve Bank of India has prescribed...

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MDT/PTI 07 November 2012
As per SEBI norms any person who holds more than 5% shares for voting rights in a company has to disclose the number of shares held and change in shareholding. The disclosures have to be made even if such change results in stake falling below 5% Mumbai: Market regulator Securities and...

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MDT/PTI 07 November 2012
In its consent order, dated 1 November 2012, SEBI said its High Powered Advisory Committee has accepted the consent terms involving a payment of settlement charges of Rs37.5 lakh Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has agreed to settle charges against...

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MDT/PTI 07 November 2012
NBFCs accept post-dated cheques from their customers for future monthly instalment payments. For the purpose of standardisation and enhanced security features, the banks have been told by RBI to migrate to the “CTS 2010” standard by 31 December 2012 Mumbai: The Reserve Bank of India...

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MDT/PTI 06 November 2012
Under the new guidelines, the government is expected to offer a number of options like mutual funds, term deposits, treasury bills and government securities to for cash-rich CPSEs for investing their surplus funds   New Delhi: The Indian government is contemplating tightening norms...

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MDT/PTI 06 November 2012
SEBI had alleged that Adroit Financial Services along with another broker had entered into a number of cross deals, structured deals and synchronised deals which resulted into "creation of false market" for Shamken Multifab shares   Mumbai: Market regulator Securities and Exchange...

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MDT/PTI 06 November 2012
Preliminary investigations by SEBI revealed that Grishma Securities had diverted substantial part of Tijaria Polypipes' IPO proceeds, 'through layered transactions', to certain entities who had allegedly provided an exit to the retail allottees and QIBs   Mumbai: Market regulator...

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MDT/PTI 06 November 2012
While 61 mines had earlier been asked to pay Rs47,805 crore as fine, Rs20,095 crore penalty was imposed on 42 mines a couple of days back for excess mining in Odisha   Bhubaneswar/ New Delhi: The Odisha government has imposed Rs67,900 crore penalty on 103 mines for excess production...

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MDT/PTI 05 November 2012
SEBI invited bids from public sector banks and registered KRAs for assisting it in 'carrying out the KYC-related in-person verification of bondholders' of three crore investors of the two Sahara companies New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has...

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MDT/PTI 02 November 2012
The DoT had on 21 September 2012 had imposed a penalty of Rs39.82 crore on RCom for not completing the verification of Customer's Application Form (CAF) in Assam circle by April this year New Delhi: Telecom tribunal TDSAT has directed Reliance Communications to deposit Rs5 crore and a...

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MDT/PTI 02 November 2012
Easing the procedures, SEBI said in case there is change of name after marriage, the individual investor can submit either a copy of marriage certificate or passport showing husband’s name or document showing the publication of name change in official gazette New Delhi: Market regulator...

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