INVESTOR ISSUES


Investments made by non-resident Indians (NRIs) on a non-repatriation basis will not be considered for calculation of indirect foreign investment.   The Department for Promotion of Internal Policy and Trade (DPIIT) under the Ministry of Commerce and Industry has reviewed the policy on...

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According to a media report, the scam-ridden Franklin Templeton Mutual Fund (FTMF) has placed its hands on its holster in a preemptive move to avoid punishment for its actions in India. It has indirectly threated the Indian government that if the market regulator dares to levy ‘unfairly large...

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The Economic Times (ET) has reported on the first page that Franklin Templeton (FT) is trying the time-tested trick of US-based businesses to apply diplomatic pressure whenever they find themselves in hot water with any foreign governmental agencies.    To give the devil its due, the...

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Moneylife Digital Team 27 March 2021
Time and again, the National Stock Exchange (NSE) has been found more focussed on brokers increasing their turnover than what they are doing to increase business for the exchagne. So, when the now crisis-hit Anugrah Stock and Broking Pvt Ltd (ASBPL) reported a sudden jump of 2546% in volumes...

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In what may give a fillip to stock broking activity, an appellate authority has exempted stock brokers buying or selling shares for clients from payment of GST on delayed payment charges.   The Appellate Authority for Advance Ruling (AAAR), Uttar Pradesh, has modified an earlier order...

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Moneylife Digital Team 25 March 2021
The Bombay High Court on Thursday admitted an interim application filed by Yes Bank AT1 Bond Holders Association for their claims worth Rs160 crore. While allowing the plea with specific prayer, the bench of justice AA Sayed and justice SP Tavade asked Securities and Exchange Board of India...

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The finance ministry’s intervention has probably led to a few quick announcements by the capital market regulator on the embarrassing outage at the National Stock Exchange (NSE) on 24th February. The Reserve Bank of India (RBI) Bulletin for March also seemed to contradict NSE’s claim about...

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Moneylife Digital Team 25 March 2021
The National Stock Exchange (NSE) has declared Delhi-based Bezel Stock Brokers Pvt Ltd as a defaulter and expelled it from its membership. The NSE notification says, “All members are hereby informed that the following trading member has been expelled from the membership of the Exchange under...

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IANS 24 March 2021
An error in the article comparing debt MF with Bank FDs came from CFMA press release via IANS. We have removed the error now.   The Chennai Financial Markets and Accountability (CFMA), an investor protection organisation, said on Wednesday that Franklin Templeton Mutual Fund (FTMF)...

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Moneylife Digital Team 24 March 2021
Market regulator Securities and Exchange Board of India (SEBI) has asked registered entities including market infrastructure institutions (MIIs) to strictly follow SMS regulation issued by the Telecom Regulatory Authority of India (TRAI).    In a release, SEBI says it noticed...

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The government has put yet another ceiling on tax-free contribution made to provident funds. Replying to the debate on Budget 2021-22, finance minister (FM) Nirmala Sitharaman said that a ceiling of Rs5 lakh per annum (PA) would be applied in cases where there is no contribution towards...

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Moneylife Digital Team 22 March 2021
The Technical Advisory Committee (TAC) appointed by Securities and Exchange Board of India (SEBI) has questioned the management of National Stock Exchange (NSE) about the reason for the Exchange's failure to shift operations to disaster recovery (DR) site from primary site on 24th...

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Moneylife Digital Team 22 March 2021
Amidst different claims and liabilities for the 24th February outage, the National Stock Exchange, has now blame storage area network (SAN) system, especially the failover logic provided by its vendor for the trading halt.    In a statement, NSE says, "...on 24th February, post link...

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Knight Frank, a leading international property consultancy, in its latest research report - Global House Price Index Q4 2020 cited that India has moved down 13 spots in the latest global home price index finish last at 56th rank in the quarter ending December 2020.   Indian markets...

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“There is a basic problem with perpetual bonds or perps; it is a finance 101 issue” says a top banker, explaining the controversy triggered last week over how these bonds have been valued since inception.    On 10th March, the Securities and Exchange Board of India (SEBI) had taken...

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Moneylife Digital Team 17 March 2021
Ajay Tyagi, chairman of Securities & Exchange Board of India (SEBI) has been reportedly pulled up by Lok Sabha's committee on petitions for his failure to appear before the panel on two previous occasions, says a report.    As per the report from Times of India, Mr Tyagi appeared...

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Moneylife Digital Team 12 March 2021
"24th February trading halt was a disaster even if you do not have a definition about what is a disaster for a stock exchange. If you think that is not a disaster, then pretty much nothing is a disaster after that. The exchange has to go to the disaster recovery (DR) site within two hours and...

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Thousands of investors have lost big chunks of their savings in the past two years because our ‘well-regulated capital market’, which boasts multiple safeguards such as investor protection funds and settlement guarantee funds, has turned out to be a mirage.    Many investors were...

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Moneylife Digital Team 10 March 2021
Market regulator Securities and Exchange Board of India (SEBI) has initiated proceedings against National Stock Exchange (NSE) in the Karvy Stock Broking Ltd (Karvy or KSBL) default matter, the Lok Sabha was informed.   Replying to a question, Anurag Thakur, minister of state for...

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Moneylife Digital Team 09 March 2021
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs90 lakh on Anugrah Stock & Broking Pvt Ltd for repeated violation of regulations and compliance.    In an order, Prasanta Mahapatra, adjudicating officer (AO) of SEBI says, "It is established...

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