REGULATIONS


MDT/PTI 27 September 2012
The central bank would consider financial restructuring proposals submitted by UCBs, involving conversion of deposits into equity/IPDI, even if the networth of the bank does not become positive after such conversion of deposits, provided the depositors agree voluntarily for such...

Read More



MDT/PTI 27 September 2012
SEBI decided that Value at Risk margin computation for ETFs that track an index shall be computed as higher of 5% or three times sigma of the ETF, in order to bring efficiency in margining of index ETFs New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has...

Read More



MDT/PTI 27 September 2012
The changes, which would come into effect from next month, allows fund houses to charge investment and advisory fees on their schemes and levy brokerage and transaction costs   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) on Wednesday notified wide-ranging...

Read More



MDT/PTI 27 September 2012
SEBI filed an application alleging that the Sahara Group has not furnished all documents in their custody to the regulator by 10th September New Delhi: Market Regulator Securities and Exchange Board of India (SEBI) on Wednesday approached the Supreme Court accusing the Sahara Group of...

Read More



MDT/PTI 26 September 2012
The Supreme Court sent notices to Centre and UK Sinha to file replies on alleged irregularities in Sinha's appointment as SEBI Chairman. The Court also impleded Omita Paul following allegations that she bent rules to facilitate Sinha's appointment   New Delhi: The appointment of UK...

Read More



MDT/PTI 26 September 2012
SEBI said all 40 self certified syndicate banks should provide ASBA facility at their branches by December-end   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has asked banks, authorised to accept application supported by blocked amount (ASBA) forms wherein...

Read More



MDT/PTI 26 September 2012
SEBI barred Chandra Financial Services, Kundan Leasing & Finvest, Jay Investrade and Maruti Securities besides three individuals -- Harsh Shirish Maniar, Jay Shirish Maniar and K Varadarajan from stock markets for allegedly indulging in unfair trade practices   New Delhi: Securities...

Read More



Moneylife Digital Team 25 September 2012
  If the Nifty closes below 5,615, the index may go sideways    The market closed flat with a positive bias in the absence of any local cues and on fresh concerns from Europe. Today the Nifty moved almost in the same range as yesterday. However, it ended with marginal gains. If...

Read More



Wing Commander (Retd) CR Mohan Raj 25 September 2012
An army officer narrates his harrowing tale of how his life savings got wiped out at Motilal Oswal, his victory in consumer courts and how SEBI took the brokers’ side despite clear grounds of fraud and forgery. And SEBI is supposed to protect investors’ interests! The very first sentence...

Read More



MDT/PTI 25 September 2012
Last month, the cabinet approved a proposal for conversion of debentures worth Rs923 crore into shares of IFCI, that in turn raised government's stake to over 55% from less than 1%   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has approved a proposed hike...

Read More



MDT/PTI 25 September 2012
SEBI had summoned Mehta, the CA, to examine his link to Sangeeta Jayram Sawant, director of 30 companies that were connected to the promoters which were buying and selling shares of BoR, but he did not comply with the order New Delhi: Market regulator Securities and Exchange Board of...

Read More



MDT/PTI 24 September 2012
IRDA has proposed the lead insurance model on the basis of geography, similar to banking industry in order to give emphasis on availability of various services in one particular zone Mumbai: The Insurance Regulatory and Development Authority (IRDA) on Monday said it is mulling to follow...

Read More



MDT/PTI 24 September 2012
The insurance regulator would prescribe annual targets for insurance companies so that they can provide insurance cover to entire population under the BPL category over next five years   New Delhi: The Insurance Regulatory and Development Authority (IRDA) has come with a draft...

Read More



MDT/PTI 24 September 2012
SEBI said an investor can reach out to the regulator for grievances against a listed company on issues like refund, allotment, bonus, dividend, rights, redemption, prelisting offer documents of shares, debentures and bonds, delisting of securities, buyback of securities, corporate governance...

Read More



MDT/PTI 24 September 2012
Out of the 20 pending applications for alternative investment funds, SEBI said 15 applications are "being processed", while it has sought further details from five others New Delhi: As many as 20 entities have sought Securities and Exchange Board of India (SEBI)'s approval to set up...

Read More



MDT/PTI 24 September 2012
Funds structured as PCCs, which are legal entities in places like Mauritius, might be looking at a re-entry into Indian markets through routes like foreign venture capital funds and other avenues for round-tripping of funds New Delhi: Securities and Exchange Board of India (SEBI) is...

Read More



MDT/PTI 21 September 2012
These penalties have been imposed after a SEBI probe found that the three entities, including Gupta, were involved in manipulative trading in shares of Videocon Industries and NRB Bearings   New Delhi, Sep 20 (PTI) Market regulator Securities and Exchange Board of India (SEBI) has...

Read More



MDT/PTI 21 September 2012
In March, SEBI had withdrawn a ban against 100 entities belonging or linked to the Tayal group, after barring these entities for two years from the markets   Mumbai: The Securities Appellate Tribunal (SAT) has upheld an order issued by Securities and Exchange Board of India (SEBI)...

Read More



MDT/PTI 20 September 2012
According to the CCI Chairman, there are complaints that some trade associations have used their platform for anti-competitive activities   Mumbai: The Competition Commission of India (CCI) on Thursday said it has come across cases of some trade and industry bodies indulging in unfair...

Read More



MDT/PTI 20 September 2012
Imposing a penalty of Rs6 lakh on SBI Life Insurance, the insurance regulator also reprimanded the company that its business practices severely dent public faith   New Delhi: The Insurance Regulatory and Development Authority (IRDA) has imposed a penalty of Rs6 lakh on SBI Life...

Read More

Free Helpline
Legal Credit
Feedback