REGULATIONS


Moneylife Digital Team 15 October 2014
Fund companies are pushing them for their own benefit. They Are Illiquid & Costly   Fund houses have been vigorously pushing close-ended schemes over the past few months. Since the beginning of 2014, out of the 31 equity schemes launched, as many as 22 schemes have been close-ended...

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Moneylife Digital Team 14 October 2014
SEBI said disclosures were admittedly made by the Glaxo group with an aggregate delay of 60 days   Market regulator Securities and Exchange Board of India (SEBI), on Tuesday slapped a fine of Rs25 lakh on Glaxo Group Ltd, a promoter entity of drug maker Glaxo SmithKline...

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Moneylife Digital Team 14 October 2014
According to reports, the ED is probing whether Flipkart had violated any retail norms during its Big Billion Day sale and may impose stiff penalty on the online retailer if found guilty   The Enforcement Directorate (ED) has issued notice to online shopping portal Flipkart...

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Moneylife Digital Team 14 October 2014
Amid a public spat between him and the Tata group, Pendse was removed as Tata Finance chief way back in 2001 after a company subsidiary ran huge mark-to-market losses and the group also filed criminal charges against him   Market regulator Securities and Exchange Board of India (SEBI)...

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Moneylife Digital Team 14 October 2014
CBI, which has examined IRDA’s former chairman J Hari Narayan and other officials, is looking at the circumstances under which the penalty was ‘brought down’ to Rs20 lakh from a possible Rs17,500 crore, say media reports   The Central Bureau of Investigation (CBI) has started a...

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Moneylife Digital Team 13 October 2014
According to an RTI reply received by Shailesh Gandhi, the Home Ministry has even failed to reply to a proposal aimed at allowing the police to purchase fuel needed for the 72 speed boats   After the 26/11 Mumbai terror attack, Maharashtra bought about 72 speedboats to beef up...

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Moneylife Digital Team 10 October 2014
The Securities Laws Amendment Act, notified by the government in August facilitates setting up of a special SEBI court to fast-track suspected cases of fraud   A special court may be set up soon to fast-track prosecution and investigations initiated by the Securities and Exchange...

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Moneylife Digital Team 08 October 2014
SEBI chief wants to unveil new insider-trading norms by March 2015 while the market regulator ignores hundreds of cases of brazen stock manipulation   Market regulator Securities and Exchange Board of India (SEBI) is likely to unveil latest version of its insider trading regulations...

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Moneylife Digital Team 01 October 2014
Loop Mobile’s licences for Mumbai circle will expire in November after which it will not be able to offer telecom services   The Telecom Regulatory Authority of India (TRAI) has directed Loop Mobile to inform date of closure of its services in Mumbai to all its...

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Finance Ministry is keen to make the rules easier for FDI but is not in favour of putting any composite FDI caps, perhaps at the moment, as reported in the press. It has been clarified that all sources of foreign investments, FDI, FII and Private equity are all lumped together   From...

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RBI must act instead of simply issuing warnings about mutliple accounts opened under the PM’s pet project   The finance ministry has set stiff targets for nationalised banks to open new accounts under the Jan Dhan Yojana. But RBI governor, Dr Raghuram Rajan, has warned banks to be...

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Overzealous implementation of CSR is a wrong strategy. Why is BJP-led government doing this?   In July this year, I wrote that the United Progressive Alliance (UPA) had stopped just short of prescribing penalties for those corporates who fail to spend the mandatory 2% of their net...

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Moneylife Digital Team 30 September 2014
Talking about the norms for non-cooperative defaulters, the RBI governor said the guidelines have been formulated to tackle those borrowers who resist repaying at every corner and hold up the entire repayment process   Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday...

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Moneylife Digital Team 29 September 2014
Although vegetable prices moderated sharply in September, the central bank will keep the interest rates at current levels for a prolonged period, says Nomura   The Reserve Bank of India (RBI) will keep the interest rates at current levels for a prolonged period to achieve an inflation...

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Moneylife Digital Team 26 September 2014
The CCI said it formed a 'prima facie opinion' that Jaiprakash Associates is in the dominant position in the residential market in Noida and Greater Noida and had violated fair trade norms   The Competition Commission of India (CCI) has ordered a fresh probe against Jaiprakash...

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Veeresh Mailk 24 September 2014
This judgement could turn the tide in favour of consumers and end-users   For decades now, we have been listening to the automobile industry moan and groan about the supposed high taxes and duties slowing sales. All this while, the same automobile industry has been happily notching up...

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Moneylife Digital Team 24 September 2014
Kolkata-based Weird Industries collected money from thousands of investors through NCDs, SEBI said   Market regulator Securities and Exchange Board of India (SEBI), has Kolkata-based Weird Industries Ltd from mobilising public funds. SEBI also restricted the company as well as its...

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Moneylife Digital Team 19 September 2014
New norms will enable listing and trading of Real Estate Investment Trusts -REITs as any other security on the stock exchange   Market regulator Securities and Exchange Board of India (SEBI) said it will soon notify norms for creation and listing of business trusts to help attract...

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Moneylife Digital Team 19 September 2014
According to the drug pricing regulator, creating a database is necessary for monitoring production and availability of scheduled formulations and the active pharmaceutical ingredients in the scheduled formulations, and monitoring the prices of non-scheduled formulations   The...

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Moneylife Digital Team 18 September 2014
The SC said transparency is the hallmark of selection procedure and not only bureaucrats but people across should be allowed to apply for the post   The Supreme Court on Thursday questioned the union government over lack of transparency in the appointment of Chief Vigilance...

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