REGULATIONS


Moneylife Digital Team 16 July 2014
Individual unit holders were observed holding more than 25% of the mutual fund scheme’s quarterly average net assets As many as 33 mutual fund (MF) houses out of the total 45 were found to have violated the ‘20-25 rule’ which requires a minimum of 20 investors and a cap of 25%...

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Moneylife Digital Team 16 July 2014
SEBI said these five persons have committed a sophisticated white collar financial fraud with pre-meditated and well thought of plan and deliberate design for personal gains and to the detriment of the company and investors in its securities Closing five-and-a-half year long probe into...

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Moneylife Digital Team 15 July 2014
The market regulator has ordered freezing of demat and bank account of one Ashok Bhagat to recover Rs97 lakh in the Empower Industries case Market regulator Securities and Exchange Board of India (SEBI) has ordered attachment of bank and demat accounts of one Ashok Bhagat to recover dues...

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The weaker the governance of a company, the faster its shares seem to be flying Our markets seem to be headed for good days. There is optimism everywhere and, each day, a new broker keeps predicting a higher and higher target for the index. This is a great time to open your cupboards and...

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Moneylife Digital Team 15 July 2014
Neither the RBI nor the SEBI was interested in regulating deposits collected by jewellers like Tanishq. Now, new Rules under the Companies Act 2013, are forcing corporate jewellers to stop such scheme. Will the money now go into smaller, less reliable jewelers running partnership and...

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Moneylife Digital Team 14 July 2014
Total penalty on Reliance Industries for missing production target in four fiscal years beginning 1 April 2010 now stands at a cumulative $2.376 billion. The penalty is in the form of disallowing costs incurred The Indian government has slapped an additional penalty of $579 million on...

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Moneylife Digital Team 14 July 2014
SEBI has asked to recover Rs8.93 lakh from Mangiram Sharma, Rs6.87 lakh from DPS Shares & Securities, Rs3.76 lakh from Sachin Patil, Rs91,537 from RajKumar Dinesh Masalia and Rs91,521 each from Sujal Shah and Pratik Shah Market regulator Securities & Exchange Board of India (SEBI) has...

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Moneylife Digital Team 14 July 2014
NSEL has recovered about Rs356.39 crore of dues from defaulting members out of the total outstanding amount of Rs5,689 crore. So far only two members out of 24 defaulters have paid their dues Commodities market regulator Forward Markets Commission (FMC) has asked crisis-hit National Spot...

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Moneylife Digital Team 14 July 2014
Repeated violations of traffic rules resulting in cancellation of driving license is likely to be one of the major amendments to the Bill The amendment to the Motor Vehicle Act is likely to be delayed by a couple of months as the Ministry of Road Transport and Highways has said it needs...

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Vinita Nair 11 July 2014
Subsequent to this clarification, Corporate can proceed with any school of thought and stay assured of the form MGT-14 getting approved. The Ministry of Corporate Affairs (MCA) recently issued clarifications on compliance filings regarding resolutions and agreements for companies. There...

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Moneylife Digital Team 10 July 2014
SEBI said Jayesh C Shah and Jaiprakash Jain executed synchronised trades in shares of Hit Kit Global Solutions creating artificial volumes and were aided by Galaxy Broking and Shree Hari Hira Stock Broking Market regulator Securities and Exchange Board of India (SEBI) has ordered...

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Moneylife Digital Team 09 July 2014
Prashant Bhushan alleged that RIL, with the help of ICICI Bank, laundered and funnelled back into Reliance companies over Rs6,500 crore through Singapore-based Bio Metrix Marketing  Aam Admi Party (AAP) leader Prashant Bhushan has complained to the Special Investigation Team (SIT) on...

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Moneylife Digital Team 09 July 2014
In an order by majority view, the SAT said that as the time granted to FTIL for divesting its stakes had already expired and the company can take another four weeks to exit its holdings   The Securities Appellate Tribunal (SAT) on Wednesday dismissed Jignesh Shah-promoted Financial...

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Moneylife Digital Team 09 July 2014
Difficulties were being faced as the OBC caste certificate had space for mentioning the name of the   caste or community but no space for indicating the specific resolution by which the said caste or   community has been included in the central list   The union government has revised...

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Modi Sarkar must junk UPA’s flawed approach Narendra Modi’s government has sensibly extended the extremely restrictive scope of the corporate social responsibility (CSR) guidelines prescribed earlier by the ministry of corporate affairs (MCA). As with most decisions of the United...

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Moneylife Digital Team 07 July 2014
The Supreme Court while saying that no religion, including Islam, allows punishing innocent persons, ordered that no 'Darul Qaza' should give verdict which affects rights of a person who is not before it Disapproving of a Shariat court issuing fatwa and order against a person who is not...

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Moneylife Digital Team 05 July 2014
According to citizens and activists, the Maharashtra Police Bill formalises the very practices of unwarranted political interference with everyday police management that the Supreme Court has sought to reduce A delegation of concerned citizens recently met Maharashtra governor K...

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Moneylife Digital Team 04 July 2014
Due to difficulties expressed by the depositories and the depository participants, SEBI said it  has decided to postpone its new norms on delivery instruction slips -DIS till October Market regulator Securities and Exchange Board of India (SEBI) on Friday said its new framework to...

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TruthInAdvertising.org 04 July 2014
While L’Oreal advertised that its Youth Code would “crack the code to younger acting skin,’’ the FTC said the touted studies didn’t test the product or even one of its ingredients L’Oreal USA has joined a growing list of companies jumping on the DNA bandwagon promoting products it...

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Moneylife Digital Team 02 July 2014
CREDAI decided to file a complaint with the CCI against the 'illogical' price hike in cement, which it said is creating pressure on developers to increase sale price of homes Criticising steep increase in the cement prices, the Confederation of Real Estate Developers' Association of...

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