REGULATIONS


Moneylife Digital Team 27 February 2014
SEBI said it found 34 investor grievances pending against Serene Industries in its online complaint redressal system, SCORES as 19 December 2013 Market regulator Securities and Exchange Board of India (SEBI) has slapped a fine of Rs5 lakh on Serene Industries for the company's alleged...

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Dr SD Israni 26 February 2014
A Pune-based solar power scheme was trying to take investors for a ride The job of a regulator like the Securities and Exchange Board of India (SEBI) is never easy, what with new frauds taking place daily. Recently, SEBI seems to have stumbled upon a potential fraud that could have had...

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Moneylife Digital Team 25 February 2014
Mutual Funds continue to pay huge commissions to large distributors to promote their schemes. Is SEBI turning a blind eye to this practice? If so, why The Securities and Exchange Board of India (SEBI) continues to propose policy changes to achieve sustainable growth of the mutual fund...

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Moneylife Digital Team 25 February 2014
‘A person can serve as an independent director on the boards of a maximum 7 listed companies and a maximum of 3 listed companies in case the person is serving as a whole time director in a listed company’ says SEBI. What does this mean? SEBI has recently announced new Corporate...

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Abhirup Ghosh 25 February 2014
RBI came out with the 20:80 gold import scheme notification with an intent to curb volume of gold import in the country and create a more regulated domain for gold trading in India, but it ended up creating confusion among all due to lack of clarity on various issues The Reserve Bank of...

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Moneylife Digital Team 21 February 2014
SEBI has asked Green Ray International and its directors to wind up their existing collective investment schemes-CIS and refund collected money to the investors along with offered returns   Market regulator Securities and Exchange Board of India (SEBI) in its order dated 3 February...

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Moneylife Digital Team 20 February 2014
On the SEBI website, the portfolio management scheme or PMS data is available only for CY2013 and data from January 2014 onward is not yet updated Moneylife’s continuous efforts and battle  made Securities Exchange Board of India (SEBI) to put up portfolio managers’ monthly report on its...

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Moneylife Digital Team 20 February 2014
While the new Companies Act, 2013 require certain classes of companies to establish a vigil mechanism, SEBI has now decided to incorporate a provision in its new Corporate Governance Code as well for whistle blower protection   Market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 20 February 2014
SAT noted that while the loss caused to investors of Edserv Softsystems cannot be quantified but it was certain that investors, as a whole, incurred huge losses as a result of IPO due to the act of Keynote   The Securities Appellate Tribunal has upheld the Rs10 lakh penalty levied by...

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Moneylife Digital Team 19 February 2014
MCA also said private entities cannot use words such as ‘Bank,’ ‘Stock Exchange’ and ‘Exchange’ without obtaining NOC from sectoral regulators The Indian government said companies and limited liability partnership ILLP) firms floated by private entities should not use the word ‘National’...

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Moneylife Digital Team 19 February 2014
To avoid one person getting unfettered powers of management, SEBI's feels separation of the post of chairman, MD or CEO should be implemented by companies as a good governance practice Market watchdog Securities and Exchange Board of India (SEBI) wants listed companies to voluntarily...

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Moneylife Digital Team 18 February 2014
Any action initiated by SEBI as per the ordinance issued last year remains valid and the consequent effects of the same will continue, says the minister Any actions taken by market regulator Securities and Exchange Board of India (SEBI) under the government ordinance against capital...

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Moneylife Digital Team 17 February 2014
Moneylife Foundation, in a letter to RBI governor, has requested Dr Rajan to investigate frequent debt restructuring of Lanco group and role played by L Rajagopal, the suspended Congress MP from Vijaywada Moneylife Foundation has sent a representation to Dr Raghuram Rajan, governor of...

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Moneylife Digital Team 13 February 2014
Among other major decisions, SEBI board also cleared the much-awaited long term policy for mutual funds, which includes various proposals including potential tax benefits, for the future growth of the sector Market regulator Securities and Exchange Board of India (SEBI) on Thursday...

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Moneylife Digital Team 12 February 2014
Noting that compliance need to be enforced, the finance minister said in cases of deviations, faith must be put on the company's board of directors and shareholders to take action against those violating laws   Finance minister P Chidambaram on Wednesday said that regulators should...

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Moneylife Digital Team 11 February 2014
Vindicating the stand taken by Moneylife Foundation, the ministry of corporate affairs has warned people against celebrity endorsements and misleading claims in financial products The Ministry of Corporate Affairs (MCA) has vindicated the stand taken by Moneylife Foundation against...

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Nidhi Bothra 11 February 2014
While the NBFC-MFIs may have to review interest rates and borrowing costs on a quarterly basis, practically it may not be possible for them to review interest rates charged and revise instalments. Also in the tug of war of maintaining interest rates, the repayment history, credit worthiness...

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Shampita Das 06 February 2014
Timely disclosure of shareholding is an important aspect of takeover regulation and non-compliance. However, penalty levied by SEBI on HUL promoters is a bit harsh given that there was neither reportable change in promoter shareholding during the defaulting years nor the duration of such...

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Moneylife Digital Team 04 February 2014
When 95% of the broker’s capital is utilised towards margins, he would be compulsorily placed in risk reduction mode from 10th February, NSE says The National Stock Exchange (NSE) has asked its trading members to ‘compulsorily’ implement a risk reduction mode when 95% of their capital is...

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Moneylife Digital Team 29 January 2014
SEBI said Pal & Paul Builders had utterly neglected its duty of making the disclosures for 14 years from 1998 to 2011 Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs10 lakh on Pal & Paul Builders for alleged delay in making yearly disclosures to...

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