REGULATIONS


Dr SD Israni 18 June 2013
If companies with solid reputation in the marketplace can indulge in manipulation ordinary investor is left with a feeling of being cheated Recently, the capital market regulator completed 25 years of its existence. Unfortunately, despite its best efforts, the Securities Exchange Board...

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Moneylife Digital Team 18 June 2013
According to the former secretary to the GoI, the whole gamut of showering one largesse after another on Reliance Industries should be subject to an independent investigation by a special investigation team or SIT EAS Sarma, former secretary of the Government of India (GoI), has said...

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Moneylife Digital Team 08 June 2013
The high-powered committee headed by SBI managing director S Vishwanathan would submit its report by July-August, and later based on the report the merger process could start by September, SBI chairman Pratip Chaudhuri told reporters State Bank of India on Friday said the proposed merger...

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Moneylife Digital Team 07 June 2013
The capital market regulator has spent crores of rupees, twice, over sophisticated real time market surveillance systems to track stock price manipulation. Yet, it says it has no statistics on the surveillance! In a shocking disclosure, the Securities Exchange Board of India (SEBI) says...

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Anishi Khetan 06 June 2013
The initiative from ASCI will go a long way in getting seriously offending ads removed immediately before they cause any damage to the consumers and society in general Advertisements which breach the ASCI (Advertising Standards Council of India) code either by being grave obscene,...

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Moneylife Digital Team 05 June 2013
The governor also expressed reservations on the recommendations of the Financial Sector Legislative Reforms Commission, which calls for making the FSDC a statutory body to ensure financial stability Reserve Bank of India (RBI) governor D Subbarao today said the Financial Stability and

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Moneylife Digital Team 05 June 2013
Voting rights and corporate benefits of promoters and directors of Adani Ports, BGR Energy Systems, Tata Teleservices and Videocon among others, have been frozen. SEBI has also warned of levying monetary penalties, initiation of criminal proceedings, restricting trading activities of related...

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Moneylife Digital Team 28 May 2013
The capital market watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities Pitching for a major overhaul of the powers it has got to deal with market manipulators,...

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Moneylife Digital Team 24 May 2013
Around 75 private and 12 PSU companies are yet to comply with the revised minimum public shareholding norms. Over the next few days, promoters of these 75 would have to sell shares worth about $1.9 billion   Even as the deadline to increase public shareholding to 25% (for private...

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Moneylife Digital Team 23 May 2013
While there are enough provisions in existing Acts like the PCMCS Act, it has become difficult to curb dubious chit funds and MLM companies so far, thanks to multiple regulation and lack of coordination between authorities   The Standing Committee on Finance chaired by Yashwant Sinha...

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Do not ask the investors’ for PAN number, address proof or for any KYC. Just promise huge returns in few months and give 35-40% commission to agents and voila! You can garner any amount of money from people, both educated or uneducated living in urban and rural areas. And don’t worry about...

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Moneylife Digital Team 17 May 2013
Most companies are yet to increase their public holding to the requisite level (25%) and compliance before 3rd June for companies (PSUs have to do it by August) is surely impossible. Probably they do not care at all about the SEBI diktat   Most companies are yet to increase their free...

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The current regulatory system permits NBFCs, banks, insurance companies & lakhs of unregulated entities to easily loot the public India is perhaps the only country that permits anyone to accept money from the public at large, on the basis of promises, mostly unwritten. In most countries,...

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Moneylife Digital Team 08 May 2013
In January, the Central Information Commission directed the market regulator to upload from April onwards information about PMS schemes on its website. Despite assurance from SEBI to the CIC, it has not uploaded any data on PMS for which Moneylife has been fighting a long battle Market...

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In India, we are plagued with a multiplicity of authorities and shadow boxing of regulators in the financial arena. There is an urgent need to place consumer protection at the heart of financial regulation with a stronger Financial Redressal Agency or mechanism Now that our financial...

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Dr SD Israni 03 May 2013
The judgement against Osian is a prime example of SEBI’s slow processes Since the advent of Securities and Exchange Board of India (SEBI), nobody can deny that the capital market has undergone a sea change. Gone are the days when the markets were controlled and manipulated by cliques of...

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Aditi Jhunjhunwala 23 April 2013
As per the October 2011 circular, upon amendment to Clause 41(d) of LA, companies were supposed to file only their audited accounts within 60 days. The April 2012 circular says companies could submit their unaudited results within 45 days and there was no specified period to submit audited...

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Moneylife Digital Team 22 April 2013
SEBI investigations have found that many of these schemes are being used for the purpose of money laundering and to channelize illicit funds into the financial system Amid a countrywide proliferation of fraud investment schemes, the Securities and Exchange Board of India (SEBI) is...

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Dr SD Israni 19 April 2013
SEBI restrains promoters of Zenith Infotech with ad-interim order The more things change, the more they remain the same, if the recent ad-interim order passed by the Securities Exchange Board of India (SEBI) against Zenith Infotech and its promoters is any indication. On 25 March...

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Moneylife Digital Team 17 April 2013
It took the market regulator almost six years to finally take a call on Osian's. Moneylife has been spearheading the campaign for refund of investors’ money Market regulator Securities and Exchange Board of India (SEBI) has finally asked Osian’s-Connoisseurs of Art Pvt Ltd (or Osian's,...

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