REGULATIONS


The new governor of RBI, who rose to fame when he predicted the US crisis, has a lot of work to do in cleaning up the economic mess in India.  Here is a list of things that Raghuram Rajan must do now to restore stability in the Indian economy Raghuram Rajan, the new governor of Reserve...

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Moneylife Digital Team 03 September 2013
SEBI noted that Maitreya Plotters had launched a scheme towards booking or purchase of plot of land and invited investment from public, on promise of allotment of land Market regulator Securities and Exchange Board of India (SEBI) has barred Maitreya Plotters and Structures Pvt Ltd and...

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Moneylife Digital Team 30 August 2013
SEBI said, OCAL fraudulently diverted Rs35.25 crore from the IPO proceeds to Fincare, Precise and KPT, who were found to be acting hand in glove with the company Market regulator Securities and Exchange Board of India (SEBI) has directed Onelife Capital Advisors Ltd (OCAL) and its...

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Moneylife Digital Team 30 August 2013
Subbarao said the new CPI has only 19 data points which is not sufficient for a statistically robust analysis as the central bank need to develop a series of producer price indices that will help gauge how price momentum builds up in the economy Reserve Bank of India (RBI) governor D...

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Moneylife Digital Team 26 August 2013
The market regulator is also framing a new set of norms to enable it to conduct search and seizure operations and recover unlawful gains through disgorgement orders Market regulator Securities and Exchange Board of India (SEBI) has started the process of framing new regulations and...

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Moneylife Digital Team 21 August 2013
The new proposals that would be carried out through amendments in Clause-41 of the listing agreement include mandatory disclosure of half-yearly consolidated results in case of 20% or more variation in revenue, assets, liabilities, profits or losses Market regulator Securities and...

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Moneylife Digital Team 21 August 2013
SEBI debarred two ‘unregistered experts’ after it found the duo offering intraday tips, stock advisory services to investors through SMS and promising daily earnings between Rs5,000 to Rs75,000 Market regulator Securities and Exchange Board of India (SEBI) after noticing that certain...

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Moneylife Digital Team 13 August 2013
SEBI decided to heavily penalise unregistered collective investment schemes, or the so-called Ponzi or MLM schemes Market regulator Securities and Exchange Board of India (SEBI) has decided  to heavily penalise unregistered collective investment schemes, or the so-called Ponzi or...

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Moneylife Digital Team 12 August 2013
Two of these three banks are from Switzerland and one is from the UK. SEBI suspects that some portfolio managers at these banks could have helped their Indian clients to route their money back into India in disguise of foreign funds Market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 08 August 2013
Just last month, the government had promulgated an ordinance amending the securities law that would provide more powers to SEBI and plans to introduce a new bill to replace the ordinance in the ongoing Monsoon session The Indian government on Thursday withdrew a bill to amend the...

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Virendra Jain 06 August 2013
Under the new ordinance, SEBI becomes an absolute power in ‘settling’ defaults and is not accountable to any authority. Do these powers have legal sanctity? Market regulator Securities and Exchange Board of India (SEBI) was conferred unchallengeable powers through an ordinance on 18 July...

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Moneylife Digital Team 29 July 2013
While an independent consultant recently suggested to SEBI that it increase the headcount by more than 50% within 2-3 years, the regulator now aims to expand its workforce at a faster pace Having been given greater authority to take on market manipulators and fraudulent schemes, the...

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Moneylife Digital Team 22 July 2013
The amendments have made it clear that SEBI would have powers to pass orders against any person who has made profit or averted loss by indulging in any transaction or activity in contravention of the provisions of the SEBI regulations In a major upgrade of powers given to the Securities...

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Moneylife Digital Team 18 July 2013
SEBI is being given more powers to regulate fraudulent activities and ponzi schemes that collect money from gullible people by giving false information The Government has decided to come out with an ordinance to provide more powers to market regulator Securities and Exchange Board of...

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Moneylife Digital Team 16 July 2013
“We have already started the process of relooking at it (delisting regulations)... The work is going on delisting regulations,” said UK Sinha, SEBI chairman Having revamped buyback, minimum public shareholding and takeover norms, market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 09 July 2013
In a probe, FMC, the commodities regulator found that National Spot Exchange allowed trading on its platform without verifying whether the seller had stocks, thus allowing short sales by members   Food and consumer affairs minister KV Thomas on Tuesday said that the government would...

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Group and individual products set for a makeover The Insurance Regulatory and Development Authority (IRDA) had come out with new regulations for health insurance in February 2013. The guidelines had set the implementation date of 1st July, for group products, and 1st October, for...

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Moneylife Digital Team 05 July 2013
Holding that such promises by political parties under present law does not amount to corrupt practice, the apex court, said that election manifesto released by parties can be included in the Model Code of Conduct Freebies promised by political parties in their election manifestos to lure...

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Insurance Information Bureau which was formed as an advisory body of the IRDA has now been transformed as an independent body. No reasoning is given by the IRDA circular. Could it be due to IRDA’s plans to set up an insurance credit bureau, for which companies like CIBIL are interested?

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Moneylife Digital Team 03 July 2013
As part of our continuing campaign on poor disclosure of PMS data, we find that many PMS companies, including some of the biggest, have failed to disclose their schemes and performance on their own websites, despite a clear direction by SEBI The entire capital market regulation is based...

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