REGULATIONS


IRDA has asked SBI Life to refund Rs275 crore for collecting premium upfront on a policy, which had two premium payment terms. But why did IRDA approve this product which was cleverly designed to earn hefty commission for SBI?   The Insurance Regulatory and Development Authority...

Read More



Moneylife Digital Team 11 March 2014
During 2006-07 SEBI began a probe into art funds being sold as investment schemes. These left investors with losses. SEBI however found Bajaj Capital to be only into an advisory business with regard to art as an investment   After an over seven-year probe into alleged money-pooling...

Read More



Moneylife Digital Team 11 March 2014
Did Transgene Biotek insiders use structured GDRs as an end game through price manipulation and motivated announcements? We will never know because SEBI refuses to investigate On Monday, Moneylife pointed out, several shareholders of Hyderabad-based Transgene Biotek Ltd are crying foul...

Read More



Moneylife Digital Team 10 March 2014
SEBI, which is preaching to world about corporate governance, has ignored investor complaints about GDR scam and blatant manipulation of Transgene Biotek shares. This is first part of a two-part series Minority shareholders of Transgene Biotek Ltd have alleged misuse of global depository...

Read More



Vishrut Patel 10 March 2014
Although SEBI barred Royal Twinkle Star Club and its directors from collecting money from investors, the company continues to collect money using a new name. Just last week, Moneylife informed SEBI about RTSC’s new avatar Citrus Check Inn Market regulator Securities and Exchange Board of...

Read More



Moneylife Digital Team 05 March 2014
The market regulator approved Mangalore Stock Exchange’s application to wind up its business as an exchange   Market Regulator, Securities and Exchange Board of India (SEBI) has allowed Mangalore Stock Exchange Ltd (MGSE) to exit from the business as Exchange.   As per SEBI...

Read More



Moneylife Digital Team 04 March 2014
Seven fund houses, including ICICI Prudential MF, Reliance MF and UTI MF, which hold 3.93% stake in Maruti Suzuki would approach SEBI over the carmaker's deal with its Japanese parent The stand-off between Maruti Suzuki India Ltd (MSIL) and its investors, especially mutual fund houses,...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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’...

Read More



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...

Read More



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...

Read More



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...

Read More

Free Helpline
Legal Credit
Feedback