INVESTOR ISSUES


Moneylife Digital Team 30 June 2021
A public interest litigation (PIL) filed against the Securities and Exchange Board of India (SEBI) in the Dewan Housing Finance Ltd (DHFL) matter came up before the bench of chief justice Sanjib Banerjee and justice Senthilkumar Ramamoorthy of the Madras High Court (HC) on Tuesday. The Madras...

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Personal encounters, at times, have the power to draw one’s attention to events in far-flung lands. The news of a military coup in Myanmar in February this year reignited the memory of my personal encounters and an attempt to make sense of the event and its implications for...

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Moneylife Digital Team 29 June 2021
Market regulator Securities and Exchange Board of India (SEBI) on Tuesday approved several key changes in its regulations including amending mutual fund (MF) rules to provide for minimum investment as 'skin in the game' by asset management companies (AMCs), enabling special purpose vehicles...

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Moneylife Digital Team 28 June 2021
Between January 2015 and May 2021, there were more than 3,100 attacks worldwide against community leaders, farmers, workers, unions, journalists, civil society groups and other defenders, who have raised the alarm about irresponsible business practices. More than 40% of these attacks were...

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Moneylife Digital Team 23 June 2021
The committee of creditors (CoC) of the beleaguered Dewan Housing Finance Ltd (DHFL) has voted against a proposal that sought to increase payouts to fixed depositors and non-convertible debenture(NCD) holders in the company. A proposal to repay the Rs39 crore claim by the Army Group Insurance...

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In a relief for PNB Housing Finance, the Securities Appellate Tribunal (SAT) has allowed voting by its shareholders on the proposed preferential issue worth Rs4,000 crore to entities led by The Carlyle Group Inc.   The extra-ordinary general meeting (EGM) of the company is scheduled...

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Public sector banks (PSBs) evidently have little interest now in the recovery of written off bad loans, especially from big defaulters, and are focused instead on merely keeping the account books clean and non-performing asset (NPA)-free, by writing off bad loans. This is brought home afresh...

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In a significant ruling granting major relief to all the housewives in the country, the Income Tax Appellate Tribunal (ITAT), Agra bench consisting of Judicial Member Lalit Kumar and the Accountant Member Dr Mitha Lal Meena has ruled that cash deposit made by the housewives during the...

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Maya M 21 June 2021
Updated at 10.30 am on 22 June 2021 to add clarification from Catalyst Trusteeship   Lenders to DHFL are now voting on the revised distribution mechanism which seeks to allocate higher sums to small investors in fixed deposit and also full repayment for retirement funds related to...

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Moneylife Digital Team 14 June 2021
BSE Administration & Supervision Ltd (BASL), a subsidiary of BSE Ltd (BSE), has been granted recognition for administration and supervision of investment advisers (IAs) by the market regulator.   In a statement, Securities and Exchange Board of India (SEBI) says, "All existing SEBI...

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The BSE and NSE have decided to suspend trading in the shares of Dewan Housing Finance Corporation Ltd (DHFL) from Monday.   The development follows the approval of the resolution plan of Piramal Capital & Housing Finance Ltd to acquire the bankrupt company.   Delisting of the...

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Moneylife Digital Team 08 June 2021
63 moons technologies has decided to challenge the order passed by National Company Law Tribunal (NCLT), permitting Piramal group to take over beleaguered Dewan Housing Finance Ltd (DHFL) under the Insolvency and Bankruptcy Code (IBC).    In a release, 63 moons says it believes that...

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The century scored by the regulator in issuing the much-awaited order in the case of Franklin Templeton Mutual Fund (MF) has hogged the headlines in the media and the order that the asset management company (AMC) shall return the fees collected from 4 June 2018 in all the affected schemes to...

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Domestic stock exchange BSE has crossed the milestone of 7 crore registered users based on Unique Client Code (UCC) on Monday (June 7).   The exchange also completed the journey from 6 crore to 7 crore users in just 139 days, as compared to 241, 652 and 939 days needed for the...

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Quite a difficult task, actually.   My neighbour’s son, age 30, has asked me to help him choose a ‘good’ insurance plan. He is particularly interested in an investment-linked insurance plan with ‘double benefit’ – insurance cover, plus safe investment, which would generate a nice...

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One of the chilling side effects of the COVID pandemic, especially its second wave, is that it has given a free pass to the government and its regulators on redress for victims of financial fraud.    People with ‘safe’ investments in bonds and non-convertible debentures (NCDs) watched...

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Moneylife Digital Team 03 June 2021
The Securities and Exchange Board of India (SEBI) has barred Indore-based Research Infotech’s sole proprietor Jasmeet Kaur Bagga from the capital markets for four years.    In an order, SEBI says that the noticee (Ms Bagga) is restrained from accessing the securities market and...

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Moneylife Digital Team 02 June 2021
Market regulator Securities and Exchange Board of India (SEBI) has banned Indore-based Capital Heed Financial Research's sole proprietor Shailendra Sen from the capital markets for three years for furnishing false information to the regulator in his application for registration as an...

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Moneylife Digital Team 28 May 2021
Market regulator Securities and Exchange Board of India (SEBI) ordered attachment of properties related to PACL Ltd in an illegal fundraising case as part of efforts to recover thousands of crores of investors’ money. According to SEBI’s notice, the properties being attached are land parcels...

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Moneylife Digital Team 24 May 2021
In a relief for Yes Bank Ltd in the AT-1 (additional tier-1) bonds case, the Securities Appellate Tribunal (SAT) has imposed an interim stay on an order passed by Securities and Exchange Board of India (SEBI), which had imposed a penalty of Rs25 crore on Yes Bank, and three of its executives:...

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