REGULATIONS


Moneylife Digital Team 27 November 2013
Orient Resorts had raised more than Rs10 crore from over 50,000 investors through collective investment schemes by promising 100 times return by investing in teak tree saplings Market regulator Securities and Exchange Board of India (SEBI) has asked Orient Resorts to wind up its...

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Moneylife Digital Team 26 November 2013
SEBI passed an order against MCX Biz Solutions and its proprietor Syed Sadaq for selling trading tips, misrepresenting facts and showing fake sub-broker registration certificate on its website Market regulator Securities and Exchange Board of India (SEBI) has barred MCX Biz Solutions...

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Sebi’s show-cause notice to HSBC for duping actor Suchitra Krishnamoorthi could set a great precedent Ashow-cause notice to the Hong Kong and Shanghai Banking Corporation (HSBC) for duping well-known actor and singer Suchitra Krishnamoorthi could probably end the silence of our...

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Moneylife Digital Team 22 November 2013
RBI has asked banks to follow its 'treating customers fairly' policy while selling third party products like mutual funds, capital market products and insurance policies Reserve Bank of India (RBI) has asked banks to follow its 'treating customers fairly' (TCF) policy for third party...

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Moneylife Digital Team 21 November 2013
The Supreme Court said its order of handing over title deeds of Rs20,000 crore to SEBI has not been followed by Sahara in letter and spirit The Supreme Court on Thursday while restraining Sahara group directors, including Subrata Roy from leaving the country directed the group not to...

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Moneylife Digital Team 20 November 2013
SEBI told the Supreme Court that Sahara group has overvalued its properties and did not hand over all original title deeds of assets worth Rs20,000 crore Market regulator Securities and Exchange Board of India (SEBI) on Wednesday told the Supreme Court that Sahara group has overvalued...

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Moneylife Digital Team 19 November 2013
Bubna Stock Broking, now known as Sunbright Stock Broking, traded in 27.46 lakh shares and had contributed in a significant way in raising share price of GR Industries during January 2004 to 28 February 2005, SEBI said Market regulator Securities and Exchange Board of India (SEBI) has...

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Moneylife Digital Team 19 November 2013
According to a PIL filed in the apex court chit fund companies are collecting money from the public in violation of laws and this need to be checked The Supreme Court on Tuesday issued notices to the union government, Reserve Bank of India (RBI) and market regulator Securities and...

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In India, laws and regulations are in place but implementation is abysmal. The enforcement machinery is extremely toothless. The miniscule penalties that are levied are not at all commensurate with the offence and ill gotten gains One fails to comprehend the soft peddling attitude of the...

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Moneylife Digital Team 06 November 2013
SEBI's found various SMSs circulating in the market mentioning buy recommendation for SMS Techsoft were used by its promoters and directors to offload the company shares Market regulator Securities and Exchange Board of India (SEBI) has barred 37 entities including Rajesh Mangilal Ranka,...

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Moneylife Digital Team 06 November 2013
Samruddha Jeevan Foods and its directors are barred from raising money from investor under any of its schemes. SEBI also asked them not to dispose of any assets or divert funds raised from public Market regulator Securities and Exchange Board of India (SEBI) has asked Samruddha Jeevan...

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Moneylife Digital Team 06 November 2013
SEBI has already initiated attachment proceedings against 200 entities including MPS Greenery, Pyramid Saimira for recovery of investor money as well as to collect long-pending penalties for various market related defaults Market regulator Securities and Exchange Board of India (SEBI)...

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Moneylife Digital Team 28 October 2013
The apex court has asked Sahara group to hand over title deeds of properties worth Rs20,000 crore to SEBI within three weeks The Supreme Court on Monday directed the Sahara group to handover title deeds of properties worth Rs20,000 crore to market regulator Securities and Exchange Board...

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Moneylife Digital Team 25 October 2013
The deadline for registering as an investment advisor under SEBI Investment Advisors Regulations has expired on 21st and apparently only 70 have registered. Clearly, nobody wants to advise; they want to sell products are earn commissions, a reality SEBI failed to realise, despite clear writing...

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Cs Vinita Nair  and   Pooja Rawal 25 October 2013
Meaning of KMPs under the Companies Act 2013 has come up for interesting debate, particularly the apparent mismatch between its definitions under various sections Key managerial personnel (KMP) sounds like the most important person of a company.  And why not, they do have an important...

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Vinita Nair  and   Pooja Rawal 14 October 2013
FII regulations prescribed by SEBI and QFI framework prescribed by both SEBI and RBI would be required to be repealed and replaced by a new framework for FPIs; amendments in FEMA and SEBI (ICDR) Regulations Driven by the rationale of having an integrated policy on foreign investments,...

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Moneylife Digital Team 08 October 2013
SEBI is expected to notify the new regulations within a week for listing start-ups and SMEs that would provide easier exit options for angel investors, VC and PE funds Market regulator Securities and Exchange Board of India (SEBI) will soon notify new norms for the listing of start-ups...

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Moneylife Digital Team 07 October 2013
SEBI has spelt out the norms to be followed by the FPIs and their employees while rendering any investment advice through publicly accessible media Overseas investors coming through the newly created foreign portfolio investor (FPI) route would need to disclose their direct and indirect...

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Moneylife Digital Team 07 October 2013
During 2007-09, Prayag Infotech allegedly mobilised Rs341 crore through issuance of preference shares from a large number of people without complying with various provisions of law Market regulator Securities and Exchange Board of India (SEBI) has barred Prayag Infotech Hi-Rise Ltd and...

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Moneylife Digital Team 04 October 2013
During January-December 1998 percentage increase in other scrips varied from 140-340%, whereas DSQ shares zoomed 750% due to misleading statements from the company and its managing director, SEBI said Market regulator Securities and Exchange Board of India (SEBI) has barred DSQ Software...

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