REGULATIONS


IANS 06 January 2016
New Delhi : The Supreme Court will hear, on February 2, market regulator SEBI 's plea seeking appointment of a receiver for sale of Sahara group's assets for compliance of the apex court's August 2012 order to return investors' money that it had raised in 2008 and 2009.   A bench...

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IANS 06 January 2016
New Delhi/Bengaluru : The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the closure of three Hindustan Machine Tools (HMT) companies -- HMT Watches, HMT Chinar Watches and HMT Bearings.   "With a cash assistance of Rs.427.48 crore, the three loss making...

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IANS 06 January 2016
New Delhi : The union cabinet on Wednesday approved the setting up of a credit guarantee fund for loans of Micro Units Development & Refinance Agency Ltd or MUDRA Bank.   The fund is expected to guarantee more than Rs.100,000 crore worth of loans to micro and small units in the first...

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IANS 06 January 2016
New Delhi : The union cabinet on Wednesday approved a proposal for taking up Hybrid Annuity based Public Private Partnership (PPP) model under Namami Gange Programme that aims to reform the wastewater sector in the country.   "Hybrid Annuity based PPP model will now be adopted to...

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IANS 06 January 2016
New Delhi : The cabinet on Wednesday approved the tabling in India's parliament for adoption of the International Labour Organization (ILO)-adopted recommendations "The Transition from the Informal to the Formal Economy (No.204)", a statement said here.   "The International Labour...

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Moneylife Digital Team 06 January 2016
Religare's analysis of 10 out of 15 strategic debt restructuring -SDR cases suggest that this scheme won’t help Indian banks’ deteriorating asset health – instead it increases the risk by deferring an estimated Rs1.5 lakh crore of NPA formation.    The strategic debt restructuring...

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IANS 06 January 2016
Mumbai : Capital markets regulator SEBI on Tuesday barred 27 entities from the securities market for fraudulent trading in shares of Gemstone Investments Ltd. and Spectacle Infotek.   "SEBI initiated investigation into the trading in certain scrips, including Gemstone Investments Ltd....

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IANS 05 January 2016
The company will be issuing 1,75,00,000 shares of Re.1 each under the book building route   Larsen & Toubro Infotech Ltd, a subsidiary of engineering company Larsen & Toubro Ltd, has got market regulator SEBI's nod for its initial public offer (IPO), said an company...

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SEBI top management is focused on its entitlements, guarding its turf, it has little interaction with investors   In the 23-odd years since it got its statutory teeth, the Securities and Exchange Board of India (SEBI) has already had its statute amended to become one of the most...

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Moneylife Digital Team 31 December 2015
Market regulator Securities and Exchange Board of India (SEBI) has once again warned investor not to get lured to any investment schemes offered by 221 companies, including Sahara India Real Estate Corporation Ltd, Sahara Housing Investment Corporation Ltd, SGI Research & Analysis Ltd, Ramel...

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IANS 30 December 2015
New Delhi : The cabinet on Wednesday approved the formation of joint venture companies with state governments to undertake various railway infrastructure projects.   "This would ensure greater participation of state governments in implementation of railway projects both in terms of...

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Moneylife Digital Team 30 December 2015
SEBI should own up its decisions and not push it on to individual officials. Deposition of dealing officials before external agencies like CBI several years after a decision should be only an exception and not routine, the employees union argues   Market regulator Securities and...

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IANS 30 December 2015
New Delhi: The Competition Commission of India (CCI) on Tuesday approved the formation of a 2.75 billion euro joint venture (JV) for synthetic rubber production by German chemicals company Lanxess and Saudi Arabia's Aramco Overseas Company (AOC), in which each will hold a 50 percent...

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IANS 29 December 2015
The Supreme Court on Tuesday upheld the Kerala government's liquor policy restricting service and consumption of liquor at bars in five star hotels only.   An apex court bench comprising Justice Vikramjit Sen and Justice Shiva Kirti Singh in their judgement pronounced on Tuesday said...

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Moneylife Digital Team 28 December 2015
PACL, despite its similar request pending before the Supreme Court, has approached the High Court seeking stay on SEBI's proceedings to recover the money   PACL Ltd, formerly known as Pearl Agrotech, has appealed to the Delhi High Court for a stay order against recovery proceedings...

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The number of people scammed is endless, while that of people who have successfully recovered their money is negligible. Even well-educated people are naïve enough to believe that easy redress is available and tend to lash out on hearing that none of the financial regulators will help them...

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Regulation and commercial pressures can make a difference to buyers in 2016   By all indications, many changes set in motion this year will impact the real estate industry in 2016 and beyond, in a way that will benefit ordinary Indians yearning for an affordable roof over their...

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Moneylife Digital Team 22 December 2015
The Delhi High Court on Tuesday issued notice to Delhi Chief Minister Arvind Kejriwal and five other AAP leaders in a defamation suit filed by Finance Minister Arun Jaitley.   The court sought replies from Kejriwal, Kumar Vishwas, Raghav Chadha, Ashutosh, Sanjay Singh and Deepak...

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IANS 21 December 2015
It proposes Insolvency Regulator to exercise regulatory oversight over insolvency professionals, insolvency professional agencies and informational utilities   Highlights of the bill for an Insolvency and Bankruptcy Code that was introduced in the Lok Sabha, the lower house of...

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Moneylife Digital Team 21 December 2015
The order is likely to reduce crores of wealth of millions of small shareholders’ into junk, tied up in 5,152 companies listed exclusively at 22 Regional Stock Exchanges (RSE), according to a release from the Midas Touch Investors Association   Delhi High Court has dismissed a Public...

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