REGULATIONS


Moneylife Digital Team 01 June 2015
There is a need to fix the liability of Brand Ambassadors for the claims they make while endorsing products, charges a traders' body   The Confederation of All India Traders (CAIT) has asked all brand ambassadors who endorse a product, and thus influence choice of customers and...

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President Pranab Mukherjee on Sunday gave his assent to re-promulgation of the land ordinance, which was to expire next month.   Rashtrapati Bhavan officials told IANS that the president signed the ordinance before leaving on an official visit to Sweden and Belarus.    The...

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The Supreme Court on Friday described as tentative a high court observation that the central government's May 21 order giving Delhi's lieutenant governor the final say in posting and transfers of bureaucrats was "suspect", even as it issued notice to the city government on the...

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Moneylife Digital Team 29 May 2015
The company was engaged in fund mobilising activity through issue of NCRSDs to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956 and provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008, according to an interim order from...

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The government on Tuesday set up a committee to recommend measures to "revisit and revitalise" the public-private partnership (PPP) mode of infrastructure development as union Finance Minister Arun Jaitley said in his budget speech, a statement said.   The committee will be headed by...

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Niddhi Parmar 26 May 2015
Companies will have to ensure availability of documents at their Registered Office, Head Office as well as Corporate Office at the time of general meetings   The secretarial standards issued by Institute of Company Secretaries of India (ICSI), which are intended to ensure...

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An apex court vacation bench of Justice A.K. Sikri and Justice Uday Umesh Lalit asked the tourist taxi operators to go to the National Green Tribunal (NGT) for the modification of its other May 5 directions   The Supreme Court on Tuesday freed the Manali-Rohtang tourist taxi operators...

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RBI’s new initiative raises the question: have Customer Services Committees failed?   On 14th May, the Reserve Bank of India (RBI) asked banks (all public sector banks and only certain private and foreign banks) to appoint an ‘internal ombudsman’ to resolve consumer complaints....

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Modi Sarkar’s laudable social schemes need to guard against several pitfalls   The Modi government seems really serious about financial inclusion and keen on providing some form of social security to the poorest people of India. The Pradhan Mantri Jan Dhan Yojana (PMJDY) along with...

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The main holding arm for the government's interests in the hospitality and tourism trade are through the state-run India Tourism Development Corp   Hotels managed by state-run India Tourism Development Corp may soon be sold. A clear indication on this came on Friday from Finance...

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The question to Jaitley was posed against the backdrop of the commerce minister's deliberations last week with key stakeholders on the issue of whether or not India should allow foreign direct investment its e-commerce space   Finance Minister Arun Jaitley on Friday said the decision...

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The union cabinet on Thursday approved certain amendments to the Foreign Direct Investment (FDI) policy to make investments by overseas Indians in the country easier and simpler.   Overseas Indians comprise Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas...

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Market regulator on Thursday charged A.Vellayan, chairman of Murugappa group and three other persons of insider trading.   The Securities and Exchange Board of India (SEBI) in an order said Vellayan also the chairman of Coromandel International seemed to have passed on unpublished...

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A court here on Friday granted bail to industrialist Naveen Jindal, former Jharkhand chief minister Madhu Koda and eight others in a case relating to the allocation of coal blocks.   Central Bureau of Investigation (CBI) Special Judge Bharat Parashar granted bail to the accused and...

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Markets regulator SEBI on Wednesday simplified norms for domestic mutual funds to manage offshore pooled assets, dropping its "20-25 rule" which requires a minimum of 20 investors and a cap of 25 percent on investment by an individual, for funds from low-risk foreign investors.   In a...

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Special Judge Bharat Parashar framed charges of cheating against RSPL and its CEO Udit Rathi   A special court here on Tuesday framed charges in the coal block allocation case against Delhi-based Rathi Steel and Power Ltd. (RSPL) and others.   Special Judge Bharat Parashar...

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Moneylife Digital Team 19 May 2015
Suraksha Industries India 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 a SEBI Order   SEBI passed an order directing Suraksha Industries...

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The Supreme Court Monday put on hold the Allahabad High Court order asking the Uttar Pradesh government to disclose in how many criminal cases it has withdrawn prosecution against an accused even though the trial is pending against them.   A vacation bench of Justice A.K. Sikri and...

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Venkatachari Jagannathan (IANS) 18 May 2015
Corporate compliance officials hold that the new regulations have imposed some additional risks on them as a large community of outsiders including journalists, vendors, bankers and others have been included under the definition of the term insider   The Indian securities market...

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The Supreme Court Thursday declined a batch of petitions by farmers of villages located in Noida, Greater Noida and Noida Extension, neighbouring the national capital, seeking restoration of their lands which were held to be wrongly acquired by NOIDA authority by invoking the urgency...

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