REGULATIONS


MDT/PTI 03 January 2013
The proposals from SEBI are primarily aimed at ensuring that only serious companies launch a share buyback programme, which in turn would help in protecting the interest of investors Mumbai: Market regulator Securities and Exchange Board of India has proposed significant changes to...

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MDT/PTI 03 January 2013
The manipulation in shares of Murli Industries was initially discovered by the I-T Department, which was referred to SEBI. I-T Department had found that 10 firms incorporated by MIL were "dummy" companies and they had cornered a large part of the MIL shareholding Mumbai: Market regulator...

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VK Jain 02 January 2013
In the 21st December meeting, the first row around the large conference table was packed with SEBI officials and stock exchange reps, while investor associations were relegated to the second and third rows. And the chairman announced that he would leave in 10-15 minutes… The Securities &...

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MDT/PTI 02 January 2013
Around 200 listed companies would follow SEBI rule that mandates 25% public shareholding by June 2013, which would also infuse fresh shares worth Rs30,000 crore in Indian stock market Kochi: A total of 200 listed companies would comply with the new rule of Securities and Exchange Board...

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MDT/PTI 02 January 2013
In a part-modification of its previous circular, SEBI has now allowed certain FIIs to re-invest up to 50% of their maximum debt holdings at any point of time in itself during 2013 Mumbai: Relaxing debt allocation norms for foreign institutional investors (FII), Securities and Exchange...

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MDT/PTI 02 January 2013
SEBI has directed the four promoter entities, including two individuals, of Khaitan Electricals to make a public announcement regarding purchase of company's shares within 45 days Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has directed four promoter entities...

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MDT/PTI 31 December 2012
In order to reduce the cost of insurance inflicted by fraud, IRDA is planning to build advanced detection and prevention systems at industry level to identify fraudulent claims before payment occurs New Delhi: Worried over fraud in the health insurance sector, Insurance Regulatory and...

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MDT/PTI 31 December 2012
SEBI said Budhwani acted as key operator in concert with certain other entities and was involved in the scheme of cornering of shares in the IPOs of 13 companies including Yes Bank and Suzlon Energy Mumbai: Market regulator Securities and Exchange Board of India (SEBI) imposed a penalty...

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MDT/PTI 31 December 2012
IRDA said copies of current passbook and current statement of bank accounts with full residential details would be considered as "officially valid document" towards identity and address in case of micro-insurance products New Delhi: Insurance Regulatory and Development Authority (IRDA)...

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MDT/PTI 28 December 2012
The open offer is part of a proposed acquisition of up to 53.4% stake in United Spirits (USL) by Diageo Plc for an aggregate amount of Rs11,166.5 crore. An acquirer can go ahead with the open offer only after SEBI issues its ‘observations’ on the same New Delhi: Market regulator...

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MDT/PTI 27 December 2012
MCX-SX has already got an approval from SEBI to function as a full-fledged stock exchange New Delhi: The government has notified the country’s newest bourse MCX-SX (MCX Stock Exchange)as a recognised stock exchange, paving the way for initial public offers, listing and trading of shares...

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Moneylife Digital Team 27 December 2012
Two activists from Lucknow have urged the RBI governor to enquire into the allegations and cancel the licence of HSBC, if found true   Lucknow-based activists Amitabh Thakur and Dr Nutan Thakur have approached the Reserve Bank of India (RBI) with regard to allegations of...

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MDT/PTI 27 December 2012
During 2012, the apex court dealt with several high profile cases like the Sahara group v/s SEBI, Vodafone tax issue, illegal mining in Karnataka, Goa and other states. But perhaps the Supreme Court dealt the biggest blow to the government and corporates by scrapping 122 licenses for the 2G...

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MDT/PTI 26 December 2012
SEBI barred Dilip Pendse, former MD of erstwhile Tata Finance, for two years on charges of involvement in fraudulent and unfair trade practices in four companies including TELCO and Infosys   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has barred Dilip...

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Moneylife Digital Team 21 December 2012
SEBI has had a poor track record in resolving and responding to complaints. It also does not have data pertaining to PoA abuses. The government has asked the market regulator to resolve complaints faster Rajeev Chandrashekar, Member of Parliament, who had taken cognizance of one...

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MDT/PTI 21 December 2012
While dismissing Sahara group's plea, the SAT said Since the Supreme Court has already given a specific direction in the matter the appeals before the Tribunal have become infructuous Mumbai: A plea seeking extension of deadline for submission of investor documents by two Sahara group...

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MDT/PTI 21 December 2012
SAT said if a person indulges in fraudulent and unfair trade practices relating to securities, he would be liable to a penalty of Rs25 crore or three times the amounts of profit made out, but SEBI has charged Rs8 lakh Mumbai: The Securities Appellate Tribunal (SAT) has upheld Securities...

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MDT/PTI 21 December 2012
SEBI said Biren Kantilal Shah made a total ill gotten gain of Rs24.10 lakh while dealing as key operator in the IPOs of Suzlon Energy and IDFC Mumbai: Capital market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs20 lakh on one Biren Kantilal Shah for...

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MDT/PTI 21 December 2012
The companies which got relief from the ban are -- A to Z Steels, GN Credits, Premium Hospitality Services, 4a Financials Securities, Venus Infosoft and Neelanchal Mercantile Mumbai: Market regulator Securities and Exchange Board of India (SEBI) revoked its earlier order barring six...

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MDT/PTI 21 December 2012
SEBI observed that before placing the orders for CBI, shares were purchased in the account of Vibha Sharma and sold to match the orders of the bank. The couple thereby earned undue profits at the cost of CBI and its customers Mumbai: Market regulator Securities and Exchange Board of...

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