REGULATIONS


Will they be used for investors’ benefit?   To make its two-decade old regulation on insider trading more effective, market regulator Securities and Exchange Board of India (SEBI) constituted a committee under chairmanship Justice NK Sodhi, former presiding officer of securities...

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Moneylife Digital Team 15 December 2014
The Union Cabinet has cleared changes in the Act. Union Power Minister Piyush Goyal earlier this week said the Bill would be tabled in Parliament soon   The amendments to the Electricity Act are likely to change the business dynamics for power distribution companies...

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Moneylife Digital Team 12 December 2014
P-Notes, or offshore derivative instruments, are mostly used by overseas HNIs, hedge funds and other foreign institutions to invest in Indian markets   The government said that it does not propose to ban Participatory Notes (P-Notes), as part of its policy to check inflow of black...

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Moneylife Digital Team 10 December 2014
The company and its directors are to wind up the existing collective investment schemes and refund the monies collected by the said company under the schemes with returns within a period of three months from the date of this Order   Prashant Saran, whole time member, SEBI, has passed...

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Moneylife Digital Team 10 December 2014
Directors and key management personnel of Unicon Capital Services are prohibited from accessing the securities market by a SEBI order.   Rajeev Kumar Agarwal, whole time member, SEBI, passed an order restraining Unicon Capital Services Pvt. Ltd. and its directors, namely, Gajendra...

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Moneylife Digital Team 10 December 2014
The company and its directors are prohibited from issuing prospectus or any offer document or issue advertisement for soliciting money from the public for the issue of securities, by a SEBI order   Prashant Saran, whole time member, SEBI, has passed an interim order on Midas Touch...

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Moneylife Digital Team 09 December 2014
The Reserve Bank is likely to issue guidelines on single authentication payment for small ticket transactions within a month   To make online transactions easier, the Reserve Bank of India (RBI) will soon come out with single authentication payment norms for low value e-commerce...

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Moneylife Digital Team 08 December 2014
SEBI found that Greenworld Agro and Mass Infra collected money from several investors through issuance of redeemable preference shares and non-convertible debentures -NCDs   Continuing with strict action against entities raising public money illegally, market regulator Securities and...

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Moneylife Digital Team 08 December 2014
Kolkata-based Orchid Cultivation is barred from mobilising funds through issuance of securities. SEBI also barred the company and its directors from dealing in stock markets   Markets regulator Securities and Exchange Board of India (SEBI) has prohibited Kolkata-based Orchid...

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Moneylife Digital Team 08 December 2014
SEBI found that Aditya Global Industries had mopped up over Rs92 lakh from nearly 1,100 investors through issuance of redeemable preference shares   Market regulator Securities and Exchange Board of India (SEBI) has restrained Aditya Global Industries Ltd (AGIL) from raising funds...

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As the banking regulator, will RBI be responsible and pro-active about NPAs instead of blaming the legal system?   Every public speech of Dr Raghuram Rajan, governor, Reserve Bank of India (RBI) creates a buzz. The 3rd Dr Verghese Kurien Memorial Lecture was no different. It was...

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Moneylife Digital Team 08 December 2014
Municipal bonds serve as an efficient tool for local bodies to mop up funds and can be extensively tapped to meet funding needs of urbanisation, while providing a new investment avenue to public and institutional investors   Market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 05 December 2014
A total of 17 companies were found to be non-compliant with the norms pertaining to the composition of the board of directors. These rules were related to minimum number of independent directors.   Market regulator Securities and Exchange Board of India (SEBI) has found 22 public...

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Moneylife Digital Team 05 December 2014
SEBI said its probe found these entities involved in artificially inflating price of Moryo Industries' scrip to Rs225 from Rs93.4 during January 2013 and August 2014   Market regulator Securities and Exchange Board of India (SEBI) has barred 91 entities including Moryo Industries, its...

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Moneylife Digital Team 05 December 2014
The new rules provide that e-rickshaw will be allowed to carry four passengers and 40 kg luggage while e-carts would transport goods up to 310 kg   The Indian government on Friday approved relaxation in norms for e-rickshaw drivers, paving the way for the battery-operated vehicles to...

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Moneylife Digital Team 04 December 2014
The TReDS will be an authorised payment system and also be subject to the oversight of the RBI   The Reserve Bank of India (RBI) on Thursday issued operative guidelines for mobile banking transactions seeking to standardise mobile banking services.   The guidelines for setting...

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Moneylife Digital Team 04 December 2014
SEBI said its curbs will remain on UP Hotels as the company has not complied with the minimum public shareholding requirements till date   Market regulator Securities and Exchange Board of India (SEBI) has confirmed the restrictions it had imposed on UP Hotels Ltd and the company...

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Moneylife Digital Team 03 December 2014
The uniform Bharat Bill Payment System will also help track all payments being made in economy, including cash payments to utilities, schools, and telcos among others   The Reserve Bank of India has issued final guidelines for the Bharat Bill Payment System (BBPS), which will help...

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Moneylife Digital Team 03 December 2014
SEBI said Moneyworld Research was offering trading tips to investors without obtaining requisite registration to act as an investment adviser   Market regulator Securities and Exchange Board of India (SEBI) has directed Moneyworld Research and Advisory Pvt Ltd to immediately stop...

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RBI tightens the norms for NBFCs in public interest   In the 1990s, just about anyone was promoting a non-banking finance company (NBFC) and seeking funds from investors; in the process, many fly-by-night operators vanished taking millions of rupees of savers’ money with them. At...

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