REGULATIONS


Moneylife Digital Team 02 November 2015
Sitaraman who had helped Harshad Mehta as an SBI employee was convicted by the Bombay High Court, along with MS Srinavasan of State Bank of Saurashtra   On 23rd April 1992, when the Times of India first reported that Rs500 crore had been credited to the Big Bull’s (Harshad Mehta’s...

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IANS 31 October 2015
The court had said that charge would be collected by the toll operators without any deduction and handed over to the Delhi government on every Friday   The collection of environment compensation charge (ECC) from commercial vehicles entering Delhi from 127 entry points will commence...

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TRAI should periodically publish results of their audit giving full details of number of subscribers compensated by each telecom operator, and total number of call drops for each operator.    The Telecom Regulatory Authority of India (TRAI) has announced that from 1 January 2016, all...

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IANS 29 October 2015
The Indian telecom watchdog's decision to impose a penalty of Re.1 for dropped calls from January 1 next year will stand as of now, an official said on Thursday.   "We have given a clear message to the telecom companies that order on compensation will be effective from January 1,...

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IANS 29 October 2015
India's fair trade watchdog, the Competition Commission of India (CCI), has dismissed five complaints against the Jaypee Group companies -- Jaiprakash Associates (JAL) and Jaypee Infratech (JIT) -- for alleged abuse of their dominant position in the real estate market of Noida and Greater...

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IANS 28 October 2015
The CBI on Tuesday raided several locations, across the country, of basmati exporter REI Agro Ltd, which has allegedly defrauded several banks, an agency official said.   "Following a complaint by a consortium of 15 public sector banks, the Central Bureau of Investigation has...

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Moneylife Digital Team 26 October 2015
In a reply to a set of 51 questions raised by Moneylife on 12th September on high frequency trading in NSE, SEBI has just informed us that the issue is drawing its serious attention and that a fact-finding exercise is already underway   Market regulator Securities and Exchange...

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IANS 26 October 2015
The Supreme Court will hear on November 12 the Central Vigilance Commission's (CVC) application seeking clarification whether it could share, with CBI's former special director M.L.Sharma, the confidential reports on coal block scam that it had submitted to the top court in sealed...

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Moneylife Digital Team 21 October 2015
The company was engaged in fund mobilising activity from the public through offer of RPS without complying with the relevant provisions of the Companies Act. 1956 and provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008, says a SEBI Order on Shine India Infra...

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Moneylife Digital Team 21 October 2015
The company was engaged in fund mobilising activity through issue of Redeemable Preference Shares to more than 49 persons without complying with the provisions of the Companies Act, 1956, according to the SEBI Order   Market regulator SEBI (Securities Exchange Board of India) directed...

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IANS 21 October 2015
A subscriber could get a maximum of Rs.90 per month. But based on average revenues per subscriber, which is Rs.180-Rs.200 for Idea and Bharti, it can prove quite a knock   The Indian telecom watchdog's decision to penalise mobile phone service providers for call drops is fraught with...

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Moneylife Digital Team 16 October 2015
The apex court also holds unconstitutional and void the 99th Constitutional Amendment to bring in NJAC for appointing judges   The Supreme Court, while maintaining that the collegium system for selecting judges will continue, has rejected the National Judicial Appointments Commission...

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IANS 15 October 2015
The Supreme court on Thursday relaxed its earlier order extending use of Aadhaar card on voluntary basis in social welfare scheme MNREGA, old age pension scheme, provident fund and Prime Minister's Jan Dhan Yojana.   The apex court constitution bench headed by Chief Justice H.L. Dattu...

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IANS 15 October 2015
Central Bureau of Investigation (CBI) Special Judge O.P. Saini discharged Ghosh and three telecom firms - Bharti Cellular Ltd, Hutchison Max Telecom Pvt Ltd (Vodafone India Ltd) and Sterling Cellular Ltd (Vodafone Mobile Service Ltd)   A special court here on Thursday dropped charges...

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High-frequency trading is causing more and more concern, especially among global regulators   High frequency trading (HFT), through computer-generated algorithms, is something that few retail investors are even aware about, despite its massive role in our equity markets. According to...

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From not being sure about the applicability of its own regulation to issuing bizarre order of refunding money with 10% interest, SEBI’s repeated bungling under three different chairmen is shocking   The Securities Appellate Tribunal (SAT) on Tuesday set aside part of an order of...

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Moneylife Digital Team 14 October 2015
PACL’s small investors from remote districts are in a panic about their investments, as the company gives them a run-around; but SEBI recovery proceedings can begin only after 11 November 2015, as per SAT order   Lakhs of investors who put their hard earned money in PACL formerly...

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Harsh rules, poor awareness can destroy the financial future of a person   It is 15 years since India answered the demand of large lenders, such as banks and finance companies, by setting up the first credit information bureau to track the credit history of individual borrowers. This...

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IANS 14 October 2015
The new black money law has been intentionally made harsh because the government is tacking a problem which normal law were not able to address for so many years, Central Board of Direct Taxes (CBDT) chairperson Anita Kapur said on Tuesday.   "We owe it to the country to ensure at...

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Moneylife Digital Team 13 October 2015
SEBI (Securities and Exchange Board of India) passed an order on Sunheaven Agro India and its directors directing it to refund the money collected by the company through issuance of Redeemable Preference Shares from investors, with interest at the rate of 15% per annum compounded at half...

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