REGULATIONS


Moneylife Digital Team 20 November 2014
According to SEBI, the present management of DSE, even after getting to know about the irregularities committed by the erstwhile management, failed to initiate any action   Market regulator Securities and Exchange Board of India (SEBI), after finding "serious irregularities" in the...

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Moneylife Digital Team 19 November 2014
While approving stricter norms to deal with insider trading menace SEBI has also eased delisting norms for companies   Market regulator Securities and Exchange Board of India (SEBI) on Wednesday approved stricter norms to deal with insider trading menace. SEBI also widened the...

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Moneylife Digital Team 19 November 2014
According to the draft guidelines, reserve price will be determined before 22nd December, while bidding fees will be based on geological reserves of coal mines   The Indian government has released draft guidelines for allocation of 74 coal blocks. Under the draft rules, issued by the...

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Moneylife Digital Team 18 November 2014
Another blow to the I-T Dept in its endeavour to recover taxes on transfer of shares between Indian subsidiaries of foreign multi-nationals   In another blow to the Indian government and Income Tax (I-T) Department's hopes of recovering additional taxes from multi-national companies,...

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Moneylife Digital Team 18 November 2014
Under the new norms, depository participants would be required to have only single certificate of registration issued by the SEBI   Seeking to simplify procedural requirements, market regulator Securities and Exchange Board of India (SEBI) is planning to put in place a one—time single...

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Moneylife Digital Team 17 November 2014
According to the Committee headed by Vijay Kelkar, production sharing contract regime is more suited for Indian conditions rather than the revenue-sharing model as recommended by Rangarajan panel and adopted by UPA government     An expert panel headed by Vijay Kelkar has...

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Moneylife Digital Team 13 November 2014
Both Mumbai Metro Transport, a unit of R-Infra and Maharashtra government agreed to terminate concession agreement for Charkop-Bandra-Mankhurd Metro at no cost or claim to either party   Reliance Infrastructure on Thursday announced the cancellation of Mumbai's Metro Line 2 project...

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Moneylife Digital Team 12 November 2014
BSE has placed 34 companies exclusively listed on the OTC Exchange as well as 20 companies on the Bangalore Stock Exchange on its DB that allows buyers and sellers to disseminate their bids/ offers using the services of trading members   To safeguard interests of investors of firms...

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IRDA directs insurer to strictly comply with claim provision guidelines   IRDA has levied a hefty penalty of Rs50 lakh on ICICI Lombard for violating various norms during financial years FY10-11, FY11-12, FY12-13 and FY13-14. The general insurer was found to have violated...

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An anti-consumer move by IRDA which can bring back mass mis-selling   TS Vijayan, chairman Insurance Regulatory and Development Authority (IRDA) seems to be making a U-turn on the feeble pro-consumer moves made by the previous chairman J Hari Narayan. Media reports say that IRDA has...

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Moneylife Digital Team 11 November 2014
The Cabinet note proposes widening the net of Consumer Protection Law to online retailers and e-commerce sites, while also setting up a new authority to deal with unfair trade practices and consumer issues   The Consumer Affairs Department had moved a Cabinet proposal looking to cover...

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Moneylife Digital Team 11 November 2014
Admitting petitions of DLF directors, the SAT directed SEBI to submit responses to this new bunch of petitions on 6th December and directed the petitioners to file their rejoinders   The Securities Appellate Tribunal (SAT) has bundled petitions of DLF promoter-chairman KP Singh and...

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Moneylife Digital Team 11 November 2014
The government has proposed to accord high priority to provide air connectivity to remote, difficult and interior areas of the country and focusing on building and modernising airports in Tier-II and Tier-III cities   To meet the challenges of burgeoning air traffic, connecting remote...

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Moneylife Digital Team 10 November 2014
GN Dairies was running a scheme of cattle, calf, ghee and mobilizing funds from investors without obtaining any permission from SEBI   Market regulator Securities and Exchange Board of India (SEBI) has asked GN Dairies Ltd and its directors to wind up its collective investment...

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Moneylife Digital Team 10 November 2014
The new norms -- to help companies save cost and time with a faster process and also check any manipulation in share price associated with a longer time-frame-- will be put up for approval at SEBI's board meeting next week   To make delisting easier and faster, market regulator...

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It’s time to make Robert Vadra’s poser a national slogan and get regulators and governments to become serious about citizen and consumer rights   In the previous issue, I wrote that minority shareholders of DLF Limited are being punished by the market regulator for the acts of its...

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Moneylife Digital Team 07 November 2014
A new initiative by the Department of Consumer Affairs promises better regulation and more teeth to the ASCI and its orders against errant advertisers.   The Advertising Standards Council of India (ASCI) will soon become more than just a recommending body against errant advertising....

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Moneylife Digital Team 07 November 2014
Telecom Commission decided to send back reference to TRAI as some clarification is required on some of the recommendations while few of them cannot be implemented in the present form   The Inter-ministerial panel on Telecom has decided to send back Telecom Regulatory Authority of...

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Moneylife Digital Team 06 November 2014
ASCI ruled that the Wockhardt ad, which appeared in September in Mumbai Mirror, was misleading and against the MCI code of ethics.   The Advertising Standards Council of India (ASCI), on the 5th of November, ruled on Moneylife Foundation's complaint against an advertisement by...

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Moneylife Digital Team 06 November 2014
SEBI's proposal is expected to infuse funds into the infrastructure sector, crucial for development of the country and has vast positive spill over effects over various other sectors and the entire economy   Market regulator Securities and Exchange Board of India (SEBI) has proposed...

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