REGULATIONS


Why is the regulator avoiding a 'statutory' corporate filing  system. In early November, the central information commissioner ordered the Securities and Exchange Board of India (SEBI) to reveal the names of 12 entities that had short-sold Reliance Petroleum shares in the derivatives...

Read More



MDT/PTI 27 November 2012
On the count of violating broker norms, SEBI gave Hem Securities 'benefit of doubt', noting that the alleged trade was carried out only for two clients and that too through a sub-broker's terminal   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) disposed the...

Read More



MDT/PTI 27 November 2012
Successful bidders in the 2G auction will be allowed to avail of ECB under the automatic route from their ultimate parent company without any maximum ECB liability-equity ratio   Mumbai: The Reserve Bank of India (RBI) has relaxed norms allowing telecom companies to raise long term...

Read More



When the regulations make doing business impossible, the only shortcut is to bribe the officials enforcing the law and since most of the bureaucrats have an economic interest in an inefficient law, it remains in place   Law is simple: A series of yeses and nos; permits and...

Read More



MDT/PTI 26 November 2012
Front-runners use confidential information for buying or selling securities ahead of a large order with the objective of benefiting from the subsequent price movement   Mumbai: Market watchdog Securities and Exchange Board of India (SEBI) has said it will review the regulations...

Read More



MDT/PTI 26 November 2012
SEBI has now decided to extend the deadline for bid submission to 21st December and would open the technical bids on the same day   New Delhi: Market watchdog Securities and Exchange Board of India (SEBI) has extended the deadline by one month for submission of bids by public sector...

Read More



Credit rating agencies are facing the wrath of investors over their rating decisions gone horribly wrong and law suits are being filed against them in several countries. Will SEBI and the RBI act in the interest of orderly development of rating mechanism in our country? Deepak Parekh,...

Read More



MDT/PTI 23 November 2012
SEBI said that an Index ETF would be considered 'liquid', if it has traded on at least 80% of the days over the past six months Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has allowed exchange traded funds (ETFs) that track indices to trade in the short selling...

Read More



MDT/PTI 22 November 2012
Ignoring the advice of five out of six external members of the Technical Advisory Committee, the RBI decided to keep the interest rates unchanged in the view of high inflation in its second quarter review of the monetary policy announced last month Mumbai: The Reserve Bank of India (RBI)...

Read More



MDT/PTI 21 November 2012
During the first five months, SEBI also barred Shukla Data Technics, Top Telemedia, International Hometex and Alpine Industries and their respective directors from accessing securities market for not resolving investor grievances Mumbai: Tightening its noose on the companies that failed...

Read More



MDT/PTI 21 November 2012
SEBI decided to discontinue mini derivatives contracts on Sensex and Nifty to deter small investors from this segment Mumbai: Market regulator Securities and Exchange Board of India (SEBI) said it has decided to discontinue mini derivatives contracts on Sensex and Nifty indices, to...

Read More



MDT/PTI 21 November 2012
SEBI slapped a fine of Rs4.50 lakh on Lohia Polyesters for failing to redress investor complaints and  imposed penalty of Rs50,000 on the company for failing to submit certain information on SCORES Mumbai: The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs5...

Read More



MDT/PTI 21 November 2012
Sinha, a businessman from Delhi had alleged that DLF and its directors and agents had lured and compelled him to transfer certain plots of land and did not fulfil the promise of developing the land and providing him higher returns New Delhi: The Delhi High Court has dismissed realty...

Read More



MDT/PTI 20 November 2012
SEBI decided that an additional exposure not exceeding 10% of net assets of the scheme shall be allowed only to HFCs as part of financial services sector for prudential limits in debt oriented schemes   Mumbai: Providing more leeway for housing finance companies, market regulator...

Read More



MDT/PTI 20 November 2012
RBI also asked the UP commissioner of Cooperation and Registrar of Cooperative Societies to issue an order for winding up Ghaziabad Urban Cooperative Bank as well as appoint a liquidator for the bank   Mumbai: The Reserve Bank of India (RBI) has cancelled the licence of Ghaziabad...

Read More



MDT/PTI 19 November 2012
SEBI will not get power to directly tap the phone calls, however, it would get call data records through agencies, says the Finance Minister New Delhi: The government is making an arrangement for market regulator Securities and Exchange Board of India (SEBI) getting access to call data...

Read More



MDT/PTI 16 November 2012
According to the RBI Governor it will take at least eight-nine months to issue the first new bank licence if the Act is amended in the Winter Session of the Parliament   Pune: A day after Finance Minister P Chidambaram asked the Reserve Bank of India (RBI) to speed up the process of...

Read More



MDT/PTI 15 November 2012
Chidambaram said his ministry has urged the central bank to proceed to finalise the guidelines and proceed to receive applications for new banking licences in anticipation of the amendment in the banking regulation act   New Delhi: Finance Minister P Chidambaram on Thursday said he...

Read More



MDT/PTI 15 November 2012
Noting the defaults of Earnest Healthcare as repetitive in nature SEBI said the company did not even respond to the charges against it   Mumbai: Securities and Exchange Board of India (SEBI) has slapped a fine of Rs10 lakh on Earnest Healthcare for failing to redress investors'...

Read More



Few positive actions have been taken by the Sebi on IPOs and depositories, to make them more investor friendly Investor Protection: Positive actions on the IPO front Market intermediaries have ridiculed two proposed actions by the Securities and Exchange Board of India (SEBI) which...

Read More

Free Helpline
Legal Credit
Feedback