REGULATIONS


Murali Krishnan (Bar  and   Bench) 31 July 2014
The case has proved to be a tough nut to crack, especially for Sahara  with a number of Senior Advocates like Ram Jethmalani and Aryama Sundaram, withdrawing from the case midway   Senior Advocate Rajeev Dhavan will no longer appear for Subrata Roy in the SEBI-Sahara dispute before...

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Moneylife Digital Team 29 July 2014
The market regulator also warned of further actions against Khoday India including levy of monetary penalties, initiation of criminal proceedings and restricting the trading activities of related stocks   Market regulator Securities and Exchange Board of India (SEBI) has confirmed the...

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Moneylife Digital Team 29 July 2014
CAG has questioned how Axis Bank gave a guarantee of Rs252.50 crore to Infotel Broadband, which had a net-worth of Rs2.5 crore, without any margin money. Will RBI show some interest now?   The Comptroller & Auditor General (CAG) has recommended cancellation of the 4G licence and...

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Moneylife Digital Team 28 July 2014
RBI cancelled registration of GE Strategic Investments India, Profound Exports, Two Brothers Holding, Swank Services, Praxis Consulting and Information Services and Credible Microfinance, all based in Delhi   The Reserve Bank of India on Monday cancelled certificate of registration...

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Debolina Banerjee 28 July 2014
MCA’s latest order burdens private limited companies with even more stringent compliance, in case of related party transactions   The Ministry of Corporate Affairs (MCA) is leaving no stone unturned to make matters pertaining to related party and transactions clear. But is it...

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Shampita Das 25 July 2014
MCA's latest circular on 'transitional period for resolutions passed Under the Companies Act, 1956’ adds to a long list of such clarifications that seem to be standing in for lawmaking   The Ministry of Corporate Affairs’ (MCA) new avatar as the lawmaker seems to be gaining ground by...

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Moneylife Digital Team 24 July 2014
SEBI has passed an interim order directing Remac Realty not to collect any money from investors from its existing "schemes"/plans or to launch any new "scheme"/plan   SEBI (Securities and Exchange Board of India) has passed an interim order directing Remac Realty India Ltd., and its...

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Moneylife Digital Team 24 July 2014
SEBI orders Seashore Securities not to mobilise funds and not to dispose of any assets   The Securities and Exchange Board of India (SEBI) has ordered Seashore Securities Limited and its promoters and directors including Prashanta Kumar Dash, Pravat Kumar Dash, Jyotirani Sarangi,...

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Moneylife Digital Team 24 July 2014
With the Cabinet approving the amendments to the long pending Insurance Laws (Amendment) Bill, it will now be taken up by Parliament   The Cabinet on Thursday approved 49% foreign direct investment (FDI) in insurance companies through the Foreign Investment Promotion Board (FIPB)...

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Moneylife Digital Team 23 July 2014
While there is a talk of providing legal provision in the Companies Act, the RBI would like to work on examining regulatory framework for voluntary withdrawal by the entrepreneur, says B Mahapatra   In the absence of a good bankruptcy code in India, Reserve Bank of India (RBI) is...

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Moneylife Digital Team 23 July 2014
The latest order against the company is the third such ruling by SEBI against a Sai Prasad group firm. In 2013, SEBI had issued similar directions against two other Sai group firms — Sai Prasad Properties and Sai Prasad Foods   In another crackdown on an unauthorised money pooling...

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Indian companies seem to get away by not paying back public deposits. Will the newly active Ministry of Corporate Affairs under Nirmala Sitharaman start acting in the interests of the depositors?   The ministry of corporate affairs (MCA), which has a dynamic new minister in Nirmala...

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Indian Commodity markets are among the worst-regulated. Will the finance minster ask some questions?   The repercussions of the Rs5,600-crore scam at the National Spot Exchange Limited (NSEL) and the commodity transaction tax continue to be felt across the set of badly regulated...

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Moneylife Digital Team 21 July 2014
Pulling the plug on illegal mobilisation of funds by Sunplant Forgings, the market regulator said the company and its directors raised more than Rs17 crore from 6,662 investors, a clear violation of its CIS rules    Market regulator Securities and Exchange Board of India (SEBI) has...

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The bench mark price of ethanol has been fixed at Rs44 per litre and the government had made it mandatory for OMCs to blend 5% ethanol with petrol, which has now been increased to 10% but actual lifting has been unsatisfactory   Oil Minister, Dharmendra Pradhan, admitted in the Lok...

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Moneylife Digital Team 21 July 2014
Those who are aware about the modus operandi of such scamsters tend to blame it on the greed and ignorance of victims. It is time for policy makers to stop blaming people and do some thinking on putting an end to these scams   The deluge of e-scams that are ensnaring Indians everyday,...

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Moneylife Digital Team 18 July 2014
The Modi government has reiterated that FDI up to 100% is permitted in single brand retail trading and no decision on FDI in multi-brand retail trading has been taken   The Indian government on Friday said it has not taken any decision on permitting foreign direct investment (FDI) in...

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Moneylife Digital Team 18 July 2014
SEBI said disclosure with regard to 'disciplinary history' for AIFs would be applicable in those cases, where monetary penalty of more than Rs5 lakh is being levied   Market regulator Securities and Exchange Board of India (SEBI) on Friday revised certain guidelines with regard to...

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Nivedita Shankar 18 July 2014
Property developers suffer from a perennial cash crunch and launch alluring schemes everyday. The Deposit Rules 2014 will help investors in this regard   The recent hype regarding the termination of jewellery instalment schemes and the newspaper advertisements put out in this regard,...

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TruthInAdvertising.org 18 July 2014
The guidelines from US FDA would not necessarily carry any legal implications, but would rather serve as something that is suggested or recommended, though not required   The US Food and Drug Administration (FDA) has its concerns about Twitter; namely, how big pharma and others use...

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