REGULATIONS


Moneylife Digital Team 20 March 2015
These entities were engaged in providing investment advisory services to public at large without obtaining requisite registration from SEBI for the same and as a result have violated provisions of the SEBI Act, 1992 and SEBI (Investment Advisers) Regulations, 2013   A SEBI Order...

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Javadekar said the Goa government will now have to decide on ore extraction limits for individuals mines in the state, so that extraction does not exceed the cap of 20 million tonnes   In a major development which could bring cheer to Goa's multi-crore-rupee mining sector, Environment...

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Moneylife Digital Team 17 March 2015
With just a fortnight left to meet the deadline, SEBI has written to more than 160 among the top 500 listed companies to ensure compliance   Market regulator Securities Exchange Board of India (SEBI) will take 'necessary' action against listed companies, which fail to appoint at least...

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The Supreme Court said it cannot agree that politically organised Jats are backward class so as to be entitled to OBC reservation    The Supreme Court on Tuesday quashed the 4 March 2014, notification by the then United Progressive Alliance (UPA) government extending other backward...

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Kolkata based I-Core E-Services had allegedly collected Rs45.74 crore from investors during 2009-2010   Market regulator Securities Exchange Board of India (SEBI) has ordered Kolkata based I-Core E-Services (ICES) and its promoters not to raise funds through issuance of securities...

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The Bench reiterated it was incumbent upon the central government to ensure that the states complied with the Supreme Court's order of not making Aadhaar mandatory for availing social benefits under various schemes   The Supreme Court has directed the central and state governments not...

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Moneylife Digital Team 13 March 2015
Calling a three year ban on DLF and its top six executives as 'over-regulation', a majority view of the three-judge SAT bench quashed SEBI's order   The Securities Appellate Tribunal (SAT) on Friday quashed and set aside the order issued by market regulator Securities and Exchange...

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Major Navdeep Singh 12 March 2015
The decision by the apex court effectively ensures that the Armed Forces Tribunal or AFT becomes the first and the last forum for litigants. This also means defense personnel, veterans and their families will not have a multi-layered remedy of reviews and appeals that is available for other...

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Moneylif eDigital Team 11 March 2015
Anmol India Agro-Herbal and its directors have been barred by SEBI from disposing of or alienate any of the properties or assets owned or acquired through the money raised    Market regulator Securities and Exchange Board of India (SEBI) barred Anmol India Agro-Herbal Farming &...

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BLRC has a limited mandate and so its recommendations have to dovetail into a larger reform to be effective. Its not going to be easy   Finance Minister Arun Jaitley has promised the introduction of comprehensive bankruptcy code of global standards to induce legal certainty and speed...

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Moneylife Digital Team 03 March 2015
According to reports, those arrested by the EOW, include, Amit Rathi, Chintan Modi of IIFL and CP Krishnan from Geojit Comtrade   The Economic Offences Wing (EOW) of Mumbai police, which is probing the Rs5,600 crore National Spot Exchange Ltd (NSEL) scam, has reportedly arrested...

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Moneylife Digital Team 03 March 2015
In the Economic Intelligence Council meeting, the chief of CEIB reportedly said that RBI had initially agreed to share extracts of the inspection reports on banks but later on, had changed its stand   The Reserve Bank of India (RBI) has refused to share its reports on banks’...

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More silly tinkering with IPO rules   Every time the capital market regulator is under pressure to explain why retail investors shun the market, it fishes out the absurd idea of a ‘safety net’ for equity investors. Each time, the safety net has a new name. This time, The Economic...

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For the government and regulators, financial inclusion does not mean listening to consumers   Corporation Bank is an exception among Indian banks—public, private and foreign. Its outspoken officers’ association often acts as a whistleblower and has prevented more than one chairman...

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Moneylife Digital Team 02 March 2015
FMC will have the same KYC document for commodity derivatives market as prescribed by SEBI for securities market   There will now be a common know your customer (KYC) process for both commodity and stock markets. Commodities regulator Forward Markets Commission (FMC) has modified its...

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Moneylife Digital Team 02 March 2015
Odisha-based AM Fund Managers was collecting money from investors through issue of preference shares   Market regulator Securities and Exchange Board of India (SEBI) asked AM Fund Managers Ltd not to mobilise funds from investors. SEBI also barred the company and its directors from...

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Moneylife Digital Team 28 February 2015
The proposed merger of FMC with SEBI would help streamline the monitoring of commodity futures trading and curb wild speculations, Jaitley said    In a significant move, the Union Government Saturday said commodities market watchdog Forward Markets Commission (FMC) will be merged with...

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Sree Iyer 28 February 2015
SEBI and RBI have ensured that NRIs are put through many hurdles before they can invest in Indian stocks. A first-person account of the pains   I have lived about half of my life in the United States and the other, in India where I was born. Growing up in a Socialistic country, it was...

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CS Nivedita Shankar 27 February 2015
Between April-December 2014, new companies incorporated have dropped by over 40%. By subjecting private companies to restrictions on lending, restrictions on dealing with related parties, the new Companies Act has completely throttled the need to ease doing business in India    The...

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Moneylife Digital Team 26 February 2015
The penalty shall be paid by way of a duly crossed demand draft drawn in favour of “SEBI- Penalties Remittable to Government of India” payable at Mumbai within 45 days, according to the SEBI Order   Sudipti Estates and 32 others were fined Rs33 crore collectively, by a SEBI Order in...

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