REGULATIONS


MDT/PTI 20 November 2012
SEBI decided that an additional exposure not exceeding 10% of net assets of the scheme shall be allowed only to HFCs as part of financial services sector for prudential limits in debt oriented schemes   Mumbai: Providing more leeway for housing finance companies, market regulator...

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MDT/PTI 20 November 2012
RBI also asked the UP commissioner of Cooperation and Registrar of Cooperative Societies to issue an order for winding up Ghaziabad Urban Cooperative Bank as well as appoint a liquidator for the bank   Mumbai: The Reserve Bank of India (RBI) has cancelled the licence of Ghaziabad...

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MDT/PTI 19 November 2012
SEBI will not get power to directly tap the phone calls, however, it would get call data records through agencies, says the Finance Minister New Delhi: The government is making an arrangement for market regulator Securities and Exchange Board of India (SEBI) getting access to call data...

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MDT/PTI 16 November 2012
According to the RBI Governor it will take at least eight-nine months to issue the first new bank licence if the Act is amended in the Winter Session of the Parliament   Pune: A day after Finance Minister P Chidambaram asked the Reserve Bank of India (RBI) to speed up the process of...

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MDT/PTI 15 November 2012
Chidambaram said his ministry has urged the central bank to proceed to finalise the guidelines and proceed to receive applications for new banking licences in anticipation of the amendment in the banking regulation act   New Delhi: Finance Minister P Chidambaram on Thursday said he...

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MDT/PTI 15 November 2012
Noting the defaults of Earnest Healthcare as repetitive in nature SEBI said the company did not even respond to the charges against it   Mumbai: Securities and Exchange Board of India (SEBI) has slapped a fine of Rs10 lakh on Earnest Healthcare for failing to redress investors'...

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Few positive actions have been taken by the Sebi on IPOs and depositories, to make them more investor friendly Investor Protection: Positive actions on the IPO front Market intermediaries have ridiculed two proposed actions by the Securities and Exchange Board of India (SEBI) which...

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Nidhi Ladha  and   Nivedita Shankar 12 November 2012
The new Order is more or less like a master circular which has brought all its earlier circulars at one place. The Order is another welcome step of the MCA towards making data and information of companies more transparent to investors   The ministry of corporate affairs (MCA) issued a...

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MDT/PTI 12 November 2012
According to the SAT, the three had not acted as intermediaries but individual traders in the securities market and hence have not violated any norms of SEBI   Mumbai: The Securities Appellate Tribunal (SAT) had set aside an order by Securities and Exchange Board of India (SEBI) that...

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Indians are eager to defend Rajat Gupta because we are too used to the powerful always getting away in India. Take a look at a short list Rajat Gupta, for most Indians, was the ultimate success story. He had good looks, was well-educated (IIT-Delhi, Harvard Business School) and rose to...

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MDT/PTI 12 November 2012
After a probe into the dealings of Polaris Financial Technology shares during August-September 2000, SEBI held Jain, promoter of the company, guilty of flouting norms related to insider trading   Chennai: Madras High Court had stayed an order by Securities and Exchange Board of India...

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MDT/PTI 12 November 2012
SEBI probe found that Bahubali Shantilal Shah, Lok Prakashan, Shreyans S Shah and Smruti S Shah provided funds to key operators for cornering shares reserved for retail individual investors in IPOs of IDFC and IL&FS   Mumbai: Market regulator Securities and Exchange Board of India...

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MDT/PTI 12 November 2012
SEBI is looking at introducing a small-duration trading pause and annulment of orders to ring-fence equity investors in a 'flash crash' situation   New Delhi: Capital market regulator Securities and Exchange Board of India (SEBI) is looking at introducing a small-duration trading...

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MDT/PTI 09 November 2012
CIC asked the market regulator to make public names of entities which were allegedly involved in the insider trading of shares of Reliance Petroleum in 2007   New Delhi: The Central Information Commission (CIC) has directed the Securities and Exchange Board of India (SEBI) to make...

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MDT/PTI 09 November 2012
SEBI found that 10 entities including the five individuals transferred or received shares in off-market transactions in respect of 70.78 lakh shares of Indo Pacific Software and Entertainment   Mumbai: The Securities Appellate Tribunal (SAT) upheld Securities and Exchange Board of...

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MDT/PTI 09 November 2012
SEBI found Dynamic Stock Broking was one such entity which facilitated Nirmal Kotecha, one of the promoters and the largest shareholder of Pyramid Saimira then, to create artificial volumes in the company shares   Mumbai: Market regulator Securities and Exchange Board of India (SEBI)...

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“The RBI independence is critical and crucial. It has to be fiercely guarded. But, that does not mean that in shaping monetary policy, the RBI should not consider the fiscal consequences of monetary policies”—Sumit K Majumdar, Professor of Technology Strategy, University of Texas (Hindu...

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MDT/PTI 08 November 2012
SEBI said the proceedings against Kwality Dairy for non-compliance with the guidelines, 'stand settled and it will not initiate any enforcement action against the company Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has disposed of the case against Kwality Dairy...

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MDT/PTI 08 November 2012
From January 2014 onwards, FIIs and their sub-accounts can re-invest 50% of their debt holdings Mumbai: Easing norms for foreign investors, market regulator Securities and Exchange Board of India (SEBI) has allowed them to re-invest half of their investments in debt holdings to the next...

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MDT/PTI 08 November 2012
The ban on NGHI, its promoters and its directors would continue, till the schemes of the company are wound up and all the monies are refunded to the investors Mumbai: Jaipur-based NGHI Developers and related entities will remain barred from collecting money from investors and accessing...

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