REGULATIONS


Moneylife Digital Team 01 July 2014
The UP Stock Exchange, which was set up in 1982, has not seen trading on its platform since 2001 and does not meet the market regulator SEBI’s requirements The board and shareholders of UP Stock Exchange have approved shutting down its operations as a bourse and the same is being...

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The FSLRC, in a hurry to resolve certain minor issues, ignored the evolution of the role and the care with which the RBI has nurtured the financial sector Dr Raghuram Rajam, the governor of Reserve Bank of India (RBI) in a speech in Mumbai on 17 June 2014, once again brought to the fore...

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Moneylife Digital Team 30 June 2014
The market regulator disposed off representation made by Dushyant N Dalal and Puloma D Dalal, who have been restrained from securities market for seven years Market Securities and Exchange Board of India (SEBI) has disposed of a representation made by two individuals, who had sought the...

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Moneylife Digital Team 30 June 2014
The Securities Appellate Tribunal -SAT dismissed an appeal filed by Reliance Industries in the company's dispute with SEBI regarding alleged contravention of FUTP regulations ahead of the 2007 merger between Reliance Petroleum and RIL The Securities Appellate Tribunal (SAT) on Monday...

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Nikita Snehil 30 June 2014
With the implementation of the pre-requisite to have at least one resident director, foreign companies doing business in India will now have a tough time ensuring the residency requirement  The Ministry of Corporate Affairs (MCA) seems to be in top gear, issuing clarifications, circulars...

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Moneylife Digital Team 26 June 2014
The role and responsibility of Hyderabad office of Sebi "shall extend to the areas falling under the territorial jurisdiction of the state of Telangana and state of Andhra Pradesh" Market watchdog SEBI said its local office in Hyderabad will oversee the regulatory affairs in Andhra...

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Moneylife Digital Team 25 June 2014
Research analysts must have a professional qualification, a post-graduate degree or a post-graduate diploma in finance, accountancy, capital market, financial services or markets besides certification from NISM, says SEBI As per the new norms issued by market regulator Securities and...

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Moneylife Digital Team 24 June 2014
The MCA has proposed as many as 13 relaxations for private companies, from various provisions of the Companies Act, including acceptance of public deposits, share capital, voting rights, further issuance of shares, appointment of auditor and directors, among others To ease the regulatory...

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Moneylife Digital Team 24 June 2014
RBI said an applicant for private bank licence should be given in-principle approval within 90 days after receipt of report from the independent external advisory committee Moving to a time-defined process, the Reserve Bank of India (RBI) has fixed schedules within its departments for...

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Moneylife Digital Team 24 June 2014
Zuari Fertilisers, Deepak Fertiliser and Mangalore Chemicals & Fertilisers compete with each other in the fertilizer business, but a huge debt burden had triggered a takeover battle for the Vijay Mallya-led group unit Market regulator Securities and Exchange Board of India (SEBI) has...

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Moneylife Digital Team 24 June 2014
The 17 members panel also advises SEBI on measures for reducing transaction costs, changes if required in risk management and regulatory framework in secondary market, among other issues Market regulator Securities and Exchange Board of India (SEBI) has reorganised its Secondary Market...

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Moneylife Digital Team 23 June 2014
Nikhara Bharath Construction and its directors were found collecting money illegally from investors under its grow tree and tree booking schemes, SEBI said Market regulator Securities and Exchange Board of India (SEBI) has barred Nikhara Bharath Construction Co and its directors from...

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Dr Raghuram Rajan fittingly took aim at the FSLRC’s ideas on unified regulation. Bank customers hope his rhetoric translates into a push by the RBI to do much more for them Central bankers are supposed to be obtuse in their speech. Alan Greenspan, the long-serving former chairman of the...

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Moneylife Digital Team 20 June 2014
The commodities regulator and the banking regulators need synergies with related stakeholders rather than other trading platforms Reserve Bank of India (RBI) governor Dr Raghuram Rajan has expressed apprehension about having a Unified Financial Agency (UFA), as recommended by the...

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Moneylife Digital Team 20 June 2014
SEBI has asked all AIFs to disclose the disciplinary history of the fund, its sponsor, manager, directors, partners, promoters and associates Market regulator Securities and Exchange Board of India (SEBI) has revised certain guidelines for alternative investment funds (AIFs), including...

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Moneylife Digital Team 20 June 2014
The market regulator has once again barred Rose Valley from collecting money as investment in real estate and construction and repay the money collected from investors within three months Market regulator Securities and Exchange Board of India (SEBI) has asked West Bengal-based Rose...

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Moneylife Digital Team 19 June 2014
SEBI's Board announced new norms for public shareholding for all listed companies including PSUs, ESOP scheme, offer for sale -OFS mechanism as well as research analysts Market regulator Securities and Exchange Board of India (SEBI) on Thursday cleared a slew of reforms including a...

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Moneylife Digital Team 19 June 2014
SAT said, after taking into consideration all mitigating factors, SEBI has imposed a penalty of Rs7 lakh on IndiaNivesh Capital as against penalty imposable at Rs1 crore, which can't be said to be arbitrary or unreasonably excessive The Securities Appellate Tribunal (SAT) dismissed plea...

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Moneylife Digital Team 18 June 2014
The proposed regulations would be applicable to employee stock options/ purchase scheme as well as on other general employee benefit schemes such as the case of accident, sickness, disability, death and scholarship funds Market regulator Securities and Exchange Board of India (SEBI) may...

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Moneylife Digital Team 18 June 2014
If the issuer does not receive minimum subscription of its base issue size of 75%, then the entire application money would be refunded within 12 days from the date of the closure of the issue, SEBI says Market regulator Securities and Exchange Board of India (SEBI) has issued new norms...

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