REGULATIONS


Moneylife Digital Team 06 August 2021
Market regulator Securities & Exchange Board of India (SEBI) on Friday approved relaxation of lock-in requirement for promoters' shareholding to 18 months from the allotment in initial public offering (IPO) or follow-on public offering (FPO), from three years.   In its meeting, the...

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Moneylife Digital Team 06 August 2021
Market regulator Securities and Exchange Board of India (SEBI) has reduced the minimum application value of real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), while revising trading lot to one unit for these investment instruments to make them more attractive...

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Moneylife Digital Team 06 August 2021
Market regulator Securities & Exchange Board of India (SEBI) says it has refunded Rs129 crore, including interest to 16,909 applications involving 45,451 accounts of investors of Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL). As on 31 March 2021,...

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The Reserve Bank of India (RBI) has extended deadlines for meeting certain thresholds prescribed under the Covid Resolution Framework 1.0.   The resolution plans implemented under the Resolution Framework for COVID-19 related stress announced on August 6, 2020, are required to meet...

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To provide comfort to banks on their liquidity requirements, the Reserve Bank of India (RBI) on Friday extended the facility of tapping funds under the marginal standing facility (MSF) for a further period of three months, up to December 31, 2021.   Under MSF banks are allowed to...

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Moneylife Digital Team 05 August 2021
Market regulator Securities and Exchange Board of India (SEBI) wants to align interest of asset management companies (AMCs) and their employees with the unit-holders of the mutual fund (MF) schemes. For this, part compensation to key employees would be given in the form of units of MF schemes...

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Moneylife Digital Team 05 August 2021
Market regulator Securities and Exchange Board of India (SEBI) has allowed mutual funds to maintain current accounts in an appropriate number of banks for receiving the subscription amounts and for payment of redemption to investors. Interestingly, banking regulator Reserve Bank of India...

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Moneylife Digital Team 04 August 2021
Paying heed to outrage on social media and requests by banks, the Reserve Bank of India (RBI) has extended the deadline to 31st October from 31 July 2021 for implementation of its guidelines for banks on current account opening.    In a notification, RBI says, “Banks will be permitted...

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Moneylife Digital Team 04 August 2021
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs50.35 lakh on Janalaxmi Co-operative Bank from Nashik for non-compliance with its directions.   The banking regulator said that the Janalaxmi Co-operative Bank did not follow directions issued on 'Placement of...

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Sucheta Dalal Sucheta Dalal 04 August 2021
The National Stock Exchange (NSE) released its annual report over the weekend, making news for the announcement that it was planning to apply again for an initial public offering (IPO). The Indian capital market is in a rare bull market where food delivery major Zomato is seeing its share...

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Moneylife Digital Team 03 August 2021
IndusInd Bank says it has been empanelled by the Reserve Bank of India (RBI) to act as an 'agency bank' to facilitate transactions related to government businesses. The bank said this will strengthen the bank's presence within the government domain.   The announcement follows a recent...

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Moneylife Digital Team 03 August 2021
Almost a month after State-owned Punjab National Bank (PNB) asked PNB Housing Finance (PNBHFL)’s board to "reconsider restructuring" its fund-raising plans, CS Mallikarjuna Rao the managing director (MD) and chief executive officer (CEO) of PNB, said the lender never objected to the deal...

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The Securities and Exchange Board of India (SEBI) has barred Green Money Solution (GMS) and its proprietor Arvind Patidar from the securities market for involving in investment advisory activities without being registered with the capital market regulator.   In an interim ex-parte...

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Moneylife Digital Team 03 August 2021
Market regulator Securities and Exchange Board of India has allowed asset management companies (AMCs) to offer instant access facility in overnight schemes of mutual funds. Earlier, AMCs were allowed to offer such a facility only in liquid schemes. Instant access facility (IAF) facilitates...

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Moneylife Digital Team 02 August 2021
The National Stock Exchange (NSE) is waiting permission from market regulator Securities and Exchange Board of India (SEBI) for submitting draft red herring prospectus (DRHP) for its initial public offering (IPO).   In its annual report for FY20-21, the Exchange says, "NSE has...

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Ranganathan V Ranganathan V 02 August 2021
How earnest the promoter-dominated companies are in making comprehensive, clear and candid communication to minority shareholders and the market at large?   The article looks at three recent instances from Chennai, where companies typically pride themselves on being law-abiding and...

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Subhash Narayan (IANS) 02 August 2021
The Centre has proposed a crackdown on insolvency professionals that develop nexus with companies facing bankruptcy proceedings thereby delaying the resolution process.   Bankruptcy regulator, the Insolvency and Bankruptcy Board of India (IBBI) has tightened disciplinary proceedings...

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Moneylife Digital Team 30 July 2021
Market regulator Securities and Exchange Board of India (SEBI) has disposed the adjudication proceedings initiated against Dewan Housing Finance Corporation Ltd (DHFL) in the matter of certain transaction of shares by the company.   "The present proceedings cannot be continued against...

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Moneylife Digital Team 30 July 2021
As if the pains caused by the coronavirus (COVID) pandemic were not enough for businesses, banks from across the country are either freezing or closing current accounts of customers.   Banks are citing a circular issued by the Reserve Bank of India (RBI) in August 2020 titled 'Opening...

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Moneylife Digital Team 30 July 2021
The Reserve Bank of India (RBI) has cancelled the license of Goa-based Madgaum Urban Cooperative Bank, with effect from 29 July 2021. This bank is latest to add to a long list of badly-run banks whose licenses have been cancelled by the RBI after their poor performance.   The banking...

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