INVESTOR ISSUES


Moneylife Digital Team 09 April 2021
The Insurance Regulatory & Development Authority of India (IRDAI) has issued draft guidelines for general insurance companies to come up with trade credit insurance products with customised covers for small and medium enterprises (SMEs) and micro, small, and medium enterprises...

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Moneylife Digital Team 01 April 2021
Market regulator Securities and Exchange Board of India (SEBI) has reduced the timelines to four days for refunding investors' money in case of non-receipt of minimum subscription and the issuer failing to obtain listing or trading permission from the stock exchanges. The timelines have been...

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Moneylife Digital Team 01 April 2021
After issuing an order to reduce interest rates on small savings schemes that would have delivered a blow to savers who depend on these schemes for income and social security, the Union government had withdrawn the order issued on 31 March 2021. Finance minister Nirmala Sitharaman (FM) says,...

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Moneylife Digital Team 31 March 2021
After record-high active client additions and average daily turnover (ADTO) in a pandemic-marred fiscal, brokerages will continue to see positive revenue growth in fiscal 2022. Nevertheless, the growth will be muted, with volatility and peak margin regulations being the dampeners. Discount...

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This is more of a narration of a personal nature and those hard pressed for time may turn to something more worthwhile.    Having made many dubious investments in the initial public offerings (IPOs) of the 1980s, the talk in the early 1990s, post the 1991 blockbuster Budget, of the...

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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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