REGULATIONS


MDT/PTI 03 December 2012
Finance Ministry has requested all states and union territories to set up such a committee to enable enhanced information-sharing among the concerned agencies New Delhi: With an aim to safeguard the investors from possible frauds involving collective investment schemes, the government...

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MDT/PTI 03 December 2012
SEBI is looking at regulations in various countries, including major Asian financial markets like Singapore and Hong Kong, to fine-tune its own disclosure norms New Delhi: With an aim to preventing insider trading, capital markets regulator Securities and Exchange Board of India (SEBI)...

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MDT/PTI 03 December 2012
Companies where the promoter holding was more than 75% at the end of September quarter include DLF, Jet Airways, Wipro, Tata Communications, Tata Tele, Sun TV, L&T Finance, Omaxe, Fortis Healthcare and Reliance Power New Delhi: About 200 listed companies with promoter stake of more than...

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MDT/PTI 30 November 2012
SEBI allowed Sabero Organics to get away from redressing 79 pending complaints from its investors by paying Rs6.8 lakh Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has settled a case against Sabero Organics Gujarat Ltd after the company made a payment of Rs6.80...

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MDT/PTI 30 November 2012
SEBI said Mathur is alleged to have had connections with the entities belonging to Mehta group, which had allegedly executed trades through broker Triveni Management Consultancy Services of which Mathur was the CEO Mumbai: Market regulator Securities and Exchange Board of India (SEBI)...

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MDT/PTI 29 November 2012
The Securities Appellate Tribunal while dismissing the appeal filed by Sahara India Real Estate Corp and Sahara Housing Investment Corp, said that any further direction in the case can be sought for and granted by the Supreme Court alone   Mumbai: The Securities Appellate Tribunal...

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MDT/PTI 29 November 2012
SEBI found that MITL sold shares of Mascon Global to various entities associated with Ketan Parekh and certain overseas corporate bodies to create artificial volumes   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has barred Mascon Information Technologies Ltd...

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MDT/PTI 29 November 2012
The Finance Ministry has asked banks and financial institutions to initiate penal measures, like barring wilful defaulters from accessing new loans for five years and also filing complaint against the auditors   New Delhi: Worried over rising bad loans, the Union government has asked...

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MDT/PTI 28 November 2012
SEBI said allegations of breach of certain relevant regulations by Kailash Nath Bhandari and Azam Mohmmed Ahsan Shaikh do not stand established and they are being absolved of the charges   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has disposed of cases...

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Why is the regulator avoiding a 'statutory' corporate filing  system. In early November, the central information commissioner ordered the Securities and Exchange Board of India (SEBI) to reveal the names of 12 entities that had short-sold Reliance Petroleum shares in the derivatives...

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MDT/PTI 27 November 2012
On the count of violating broker norms, SEBI gave Hem Securities 'benefit of doubt', noting that the alleged trade was carried out only for two clients and that too through a sub-broker's terminal   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) disposed the...

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MDT/PTI 27 November 2012
Successful bidders in the 2G auction will be allowed to avail of ECB under the automatic route from their ultimate parent company without any maximum ECB liability-equity ratio   Mumbai: The Reserve Bank of India (RBI) has relaxed norms allowing telecom companies to raise long term...

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When the regulations make doing business impossible, the only shortcut is to bribe the officials enforcing the law and since most of the bureaucrats have an economic interest in an inefficient law, it remains in place   Law is simple: A series of yeses and nos; permits and...

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MDT/PTI 26 November 2012
Front-runners use confidential information for buying or selling securities ahead of a large order with the objective of benefiting from the subsequent price movement   Mumbai: Market watchdog Securities and Exchange Board of India (SEBI) has said it will review the regulations...

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MDT/PTI 26 November 2012
SEBI has now decided to extend the deadline for bid submission to 21st December and would open the technical bids on the same day   New Delhi: Market watchdog Securities and Exchange Board of India (SEBI) has extended the deadline by one month for submission of bids by public sector...

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Credit rating agencies are facing the wrath of investors over their rating decisions gone horribly wrong and law suits are being filed against them in several countries. Will SEBI and the RBI act in the interest of orderly development of rating mechanism in our country? Deepak Parekh,...

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MDT/PTI 23 November 2012
SEBI said that an Index ETF would be considered 'liquid', if it has traded on at least 80% of the days over the past six months Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has allowed exchange traded funds (ETFs) that track indices to trade in the short selling...

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MDT/PTI 22 November 2012
Ignoring the advice of five out of six external members of the Technical Advisory Committee, the RBI decided to keep the interest rates unchanged in the view of high inflation in its second quarter review of the monetary policy announced last month Mumbai: The Reserve Bank of India (RBI)...

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MDT/PTI 21 November 2012
During the first five months, SEBI also barred Shukla Data Technics, Top Telemedia, International Hometex and Alpine Industries and their respective directors from accessing securities market for not resolving investor grievances Mumbai: Tightening its noose on the companies that failed...

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MDT/PTI 21 November 2012
SEBI decided to discontinue mini derivatives contracts on Sensex and Nifty to deter small investors from this segment Mumbai: Market regulator Securities and Exchange Board of India (SEBI) said it has decided to discontinue mini derivatives contracts on Sensex and Nifty indices, to...

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