REGULATIONS


MDT/PTI 19 January 2013
The Supreme Court has asked the market regulator to facilitate the refund, amounting to thousands of crores of rupees, after ascertaining the genuineness of about three crore investors from whom the companies had raised money through bonds Chennai: Market regulator Securities and...

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MDT/PTI 18 January 2013
SEBI in its board meeting today decided to abolish the 25% margin money requirement for entities bidding through the auction route. It has also said that indicative prices during Offer for Sale (OFS) or auction route, should be disclosed throughout the trading session Chennai: To make it...

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MDT/PTI 18 January 2013
“We have received confirmation from the government that it is very keen to complete the transactions with regard to public sector undertakings (PSUs) and they will not be seeking any extensions,” SEBI chairman UK Sinha told reporters here after its board meeting Chennai: Market regulator...

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Moneylife Digital Team 18 January 2013
The financial watchdog has planned a slew of regulatory changes, including introduction of a debt trading platform. However, mostly intermediaries and corporates are to benefit with hardly any mention of retail investors The Securities and Exchange Board of India (SEBI) held a board...

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MDT/PTI 17 January 2013
A SEBI probe into the case found that the fraudsters had tricked the investors into putting in their money with a promise of 18% dividend, although the real assured dividend was a minuscule 0.12% New Delhi: Referring to Supreme Court’s order against the Sahara group as a benchmark for...

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MDT/PTI 17 January 2013
The NSE has already decided to suspend the trading in shares of DCHL from 23rd January, as the company failed to submit financial results and shareholding pattern data   Mumbai: BSE (Bombay Stock Exchange) has decided to exclude Deccan Chronicle Holdings from the BSE-500 index,...

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MDT/PTI 16 January 2013
Associated persons functioning as approved users and sales personnel of brokers and other traders shall obtain certification from NISM for the purpose   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has notified new norms for “associated persons’ working as...

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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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