REGULATIONS


MDT/PTI 16 January 2013
In November, L&T Finance had completed the acquisition of Fidelity's mutual fund business in India for an undisclosed amount Mumbai: Capital market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration of Fidelity Mutual Fund following its buyout by L&T...

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MDT/PTI 16 January 2013
SEBI slapped a fine of Rs25 lakh on Rich Universe Network and another Rs15 lakh on the company's CMD Shashwat Agarwal for not furnishing information related to alleged irregularity in the shares of the company Mumbai: the Securities and Exchange Board of India (SEBI) imposed a penalty of...

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MDT/PTI 15 January 2013
Without disclosing the details of the clarifications sought, SEBI has said that clarifications are awaited from lead manager for Bharat Business Channel, the D2H unit of Videocon, for its proposed IPO   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has sought...

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MDT/PTI 15 January 2013
Bajaj Finance, a subsidiary of Bajaj Finserv plans to use the proceeds of the issue for strengthening its capital base   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has given its go-ahead to the non-banking finance company (NBFC) Bajaj Finance's proposed...

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MDT/PTI 15 January 2013
IRDA said the 46 standard terms would reduce ambiguity in the health insurance sector and enable all stakeholders to provide better services New Delhi: The Insurance Regulatory and Development Authority (IRDA) has come out with standard definition of various key terms like critical...

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MDT/PTI 15 January 2013
A SEBI examination into the matter had revealed that there were huge off-market transfers of securities during April 2005 to December 2008 from the demat account of Sundararaman to the demat accounts of around 65 entities having different addresses and vice versa Mumbai: Market regulator...

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MDT/PTI 14 January 2013
SEBI has begun a process to rope in an IT service provider for monitoring of its integrated market surveillance system network through a network monitoring centre that would operate on a 24x7 basis New Delhi: With an aim to deploy latest technology and know-how to tackle ever-changing...

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MDT/PTI 11 January 2013
SEBI sought more time from SAT to study the RIL petition, pursuant to which the Tribunal adjourned the matter till 24th January for further hearing Mumbai: The Securities Appellate Tribunal (SAT) adjourned hearing on Reliance Industries’ (RIL) appeal against SEBI till 24th January, after...

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MDT/PTI 11 January 2013
In May 2012, SEBI tightened the regulations for settlement through consent framework, as a result of which many cases including those related to insider trading, cannot be settled through this mechanism Mumbai: The Securities Appellate Tribunal (SAT) will hear Reliance Industries’ appeal...

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MDT/PTI 10 January 2013
“In case of painting, the depreciation rate of 50% shall be applied only on the material cost of the total painting charges,” the Insurance Regulatory and Development Authority said in a statement New Delhi: Insurance Regulatory and Development Authority (IRDA) included vehicle paint...

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MDT/PTI 10 January 2013
In August last year, SEBI in an interim order, had barred White Horse Trading Company along with some other entities from the securities market till further directions Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has revoked its interim order restraining White...

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MDT/PTI 10 January 2013
With regard to the pledge of shares of Bartronics India to Raghu Daripalli and subsequent invocation of pledge, the promoter AB Satyavas Reddy was required to file disclosures Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has slapped a fine of Rs2 lakh on...

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MDT/PTI 10 January 2013
SEBI had alleged that Indiabulls Securities had modified the client codes without informing the exchange and issued contract notes to transferee clients Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has disposed of inquiry proceedings against Indiabulls...

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MDT/PTI 10 January 2013
SEBI chairman UK Sinha was answering media queries on what action will be taken against Reliance and Sahara Groups for their alleged market misconduct Mumbai: Market regulator SEBI said it has framed a new set of guidelines for consent order mechanism and warned that any corporate house,...

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MDT/PTI 09 January 2013
According to UK Sinha, the promoter holding in Indian companies is very high as compared to other Asian markets and SEBI took up the matter with the government as it feels that he PSUs should also follow the rules Mumbai: The government has assured the Securities and Exchange Board of...

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MDT/PTI 09 January 2013
The SEBI decision followed concerns about mutual fund distributors in India not being regulated and there being various complaints against them for mis-selling of products to the investors Mumbai: In a move to regulate mutual fund distribution business, the Securities and Exchange Board...

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MDT/PTI 09 January 2013
The regulator found that the entities together had received a total of 51,000 shares or 10.2% stake of EIIL, in physical form from the company's promoter—Devang Master, but failed to make a disclosure Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has imposed a...

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MDT/PTI 09 January 2013
SEBI found that Rotomac Global acquired 40 lakh shares representing 24% stake in FDIL from four entities in October 2009, but failed to make a public announcement Mumbai: Market regulator Securities and Exchange Board of India (SEBI) imposed a penalty of Rs5 lakh on Rotomac Global for...

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MDT/PTI 09 January 2013
The regulator has also directed Bajaj Allianz to put in place a system so that all claims, papers and documents are properly docketed New Delhi: Taking serious note of violation of claims servicing regulations by Bajaj Allianz General Insurance, the Insurance Regulatory and Development...

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MDT/PTI 08 January 2013
Directing the IRDA to go ahead with the process of finalising the regulations, the HC asked the authority to specify the role of TPAs and state whether more powers could be given to the Ombudsman while hearing consumer complaints Mumbai: The Bombay High Court has said the Insurance...

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