REGULATIONS


MDT/PTI 17 September 2012
All investment advisers would need to register with SEBI after payment of required application and registration fees   New Delhi: With an aim to crack its whip on investment advisers possibly indulging in unfair trade practices, market regulator Securities and Exchange Board of India...

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SEBI wants to create a new category of fund sellers: Postal agents, retired teachers, retired government and semi-government officials who will sell units of ‘simple’ and ‘performing’ mutual fund schemes. The concept and the definition of these two terms should rank pretty high in the list of...

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Moneylife Digital Team 14 September 2012
From 1st October, investing in mutual fund schemes will become costlier. The expense ratio could go up by an additional 45 basis points. Long-term investors would be penalised, fund companies would be the only ones benefiting and SEBI once again has showed that it couldn’t care less about...

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MDT/PTI 14 September 2012
Based on the preliminary findings in 2009 SEBI had barred 317 second-level entities identified in the interim order as used as conduits by Alka Securities, its promoters and other related entities   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has revoked its...

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MDT/PTI 14 September 2012
The Primary Market Advisory Committee chaired by TV Mohandas Pai would have 18 members, including chiefs of several financial institutions and other companies   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has reconstituted its Primary Market Advisory...

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MDT/PTI 14 September 2012
SEBI said a number of steps are being taken to increase the penetration of MF and to energise the distribution network while protecting the interest of investors   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has announced implementation of a number of steps...

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MDT/PTI 13 September 2012
The central bank has cancelled registration certificate of Vishal Finlease for violating RBI guidelines Ahmedabad: Reserve Bank of India (RBI) has restricted Gandhinagar based non-banking financial institution-Vishal Finlease Pvt Ltd- from accepting public deposits, for violation of...

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MDT/PTI 13 September 2012
SAT, while setting aside the SEBI order said that violations committed by the DSE Financial Services are mostly technical in nature and in some cases it has taken corrective measures Mumbai: The Securities Appellate Tribunal (SAT) has set aside a Rs4 lakh penalty imposed by market...

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MDT/PTI 13 September 2012
The two-member SAT bench found that the International Paper and promoters of AP Paper Mill have failed to provide SEBI with sufficient evidence to justify payment of non-compete fee to 15 promoter entities   New Delhi: The Securities Appellate Tribunal (SAT) has dismissed a petition...

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MDT/PTI 13 September 2012
SEBI has issued new rules for depository participants, NSDL and CDSL related with the composition of their boards, salaries of top officials and their listing   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has notified new governance rules for the...

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MDT/PTI 13 September 2012
SEBI is reportedly thinking about hiring a place or godown for storing these documents and has also asked Sahara to categorise all these papers in proper manner before submission Market regulator Securities and Exchange Board of India (SEBI)'s woes with Sahara Group are growing as it...

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MDT/PTI 12 September 2012
The central bank allowed companies engaged in infrastructure sector to raise bridge finance from overseas market under the automatic route   Mumbai: Giving a boost to infrastructure sector funding, the Reserve Bank of India (RBI) has relaxed the external commercial borrowings (ECB)...

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MDT/PTI 12 September 2012
Institutional investors can protect interests of minority shareholders by playing an active role in company decisions, says UK Sinha   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has said institutional shareholders should have a larger say in the...

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MDT/PTI 12 September 2012
SEBI has asked stock exchanges to synchronise their listing dates and trading approvals with each other for fresh shares to check transfer of shares before listing Mumbai: With an aim to check transfer of shares and other securities issued through public offers and other issues even...

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MDT/PTI 11 September 2012
SEBI in its order had slapped a fine to the tune of Rs4 lakh on Jani for circular trading in the scrip of Flawless Diamond during June 2006 to February 2007 Mumbai: The Securities Appellate Tribunal (SAT) has upheld charges of fraudulent and unfair stock market dealings against broker,...

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Moneylife Digital Team 10 September 2012
Sebi announces no-frills demat for benefit of retail investors   Sebi has finally woken up to the fact that a large number of retail investors have been suffering, thanks to the expensive compulsory demat system. It has decided to introduce no-frills demat accounts as part of an...

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Moneylife Digital Team 10 September 2012
RBI directs banks to make deposit rates uniform   The RBI asked state and central co-operative banks to put in place a board-approved transparent policy on pricing of liabilities, after it found that there were wide variations in the interest rates offered by banks on single term...

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SEBI’s short shrift to investors and distributors   The recent moves of the Securities Exchange Board of India (SEBI) have left a sour taste in the mouth of mutual fund distributors and investors. Hopes were pinned on the resumption of some sort of entry-load, plus some more...

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MDT/PTI 10 September 2012
About 35 brokers have been probed for their compliance to know your client (KYC) rules, their due diligence procedures and their compliance to various anti-money laundering and combating financing of terrorism related regulations Mumbai: As many as 35 stock brokers have been probed by...

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MDT/PTI 07 September 2012
As per the settlement with SEBI, Sanjay Sanghvi paid Rs15 lakh and took a voluntary debarment from the market for 36 months, without admission or denial of guilt in the alleged front running in shares traded by HDFC Mutual Fund   New Delhi: Market regulator Securities and Exchange...

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