REGULATIONS


MDT/PTI 09 January 2013
The regulator has also directed Bajaj Allianz to put in place a system so that all claims, papers and documents are properly docketed New Delhi: Taking serious note of violation of claims servicing regulations by Bajaj Allianz General Insurance, the Insurance Regulatory and Development...

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MDT/PTI 08 January 2013
Directing the IRDA to go ahead with the process of finalising the regulations, the HC asked the authority to specify the role of TPAs and state whether more powers could be given to the Ombudsman while hearing consumer complaints Mumbai: The Bombay High Court has said the Insurance...

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MDT/PTI 08 January 2013
RBI has enhanced the ECB limit for NBFC-IFCs under the automatic route to 75% of their owned funds, including the outstanding ECBs, from 50% of their owned funds Mumbai: Relaxing the external commercial borrowings (ECBs) norms, the Reserve Bank of India (RBI) said non-banking financial...

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MDT/PTI 08 January 2013
Certificate of registration of Chennai-based Emcorp Finance was cancelled on 3rd December, while that of Coimbatore- based Care Credit and Investments Company was cancelled on 10th December Mumbai: The Reserve Bank of India (RBI) said it has cancelled registration of two non-banking...

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MDT/PTI 07 January 2013
The move will ease the process of obtaining PAN card details from QFIs but they will have to submit alternative identity proof Mumbai: Securities and Exchange Board of India (SEBI) allowed the market entities to verify the permanent account number (PAN) of qualified foreign investors...

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MDT/PTI 07 January 2013
Reserve Bank may release its final guidelines for new bank licenses by January-end or early next month New Delhi/Mumbai: The Reserve Bank of India (RBI) is likely to issue final guidelines for grant of banking licences to new players within the next four-six weeks, while those interested...

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MDT/PTI 04 January 2013
In the discussion paper for proposed changes in the corporate governance norms for listed companies, SEBI has also proposed measures for a greater oversight by and on independent directors, as well as greater alignment of CEO salaries with the performance and goals of the company Market...

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Vivek Sharma Vivek Sharma 04 January 2013
There is a lot that needs to be done in financial education and financial planning. Volatility and undesirable speculation in the equity market needs to be reined in so that investors could have more faith in equity market. Also, investors need to be moved to investments like Gold ETFs in...

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MDT/PTI 04 January 2013
These include applications of RIL itself, as also various group companies and that of RIL Chairman Mukesh Ambani's close aide Manoj Modi, India Infoline and HSBC Investdirect Securities Mumbai: Indian Market regulator Securities and Exchange Board of India (SEBI) has rejected as many as...

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MDT/PTI 04 January 2013
The market regulator said it noticed certain listed companies giving monthly disclosure of their sales,  turnover and production figures to their respective trade bodies and the same is not disclosed to the bourses Mumbai: Listed companies will now have to necessarily disclose all...

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MDT/PTI 04 January 2013
Central banks cannot fix economies by themselves and the governments too need to act from the fiscal side and both monetary and fiscal policies have to act in harmony Mumbai: Reserve Bank of India (RBI) Governor D Subbarao has said there is a need to preserve the independence of central...

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MDT/PTI 03 January 2013
The proposals from SEBI are primarily aimed at ensuring that only serious companies launch a share buyback programme, which in turn would help in protecting the interest of investors Mumbai: Market regulator Securities and Exchange Board of India has proposed significant changes to...

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MDT/PTI 03 January 2013
The manipulation in shares of Murli Industries was initially discovered by the I-T Department, which was referred to SEBI. I-T Department had found that 10 firms incorporated by MIL were "dummy" companies and they had cornered a large part of the MIL shareholding Mumbai: Market regulator...

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MDT/PTI 02 January 2013
In a part-modification of its previous circular, SEBI has now allowed certain FIIs to re-invest up to 50% of their maximum debt holdings at any point of time in itself during 2013 Mumbai: Relaxing debt allocation norms for foreign institutional investors (FII), Securities and Exchange...

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MDT/PTI 31 December 2012
In order to reduce the cost of insurance inflicted by fraud, IRDA is planning to build advanced detection and prevention systems at industry level to identify fraudulent claims before payment occurs New Delhi: Worried over fraud in the health insurance sector, Insurance Regulatory and...

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MDT/PTI 31 December 2012
SEBI said Budhwani acted as key operator in concert with certain other entities and was involved in the scheme of cornering of shares in the IPOs of 13 companies including Yes Bank and Suzlon Energy Mumbai: Market regulator Securities and Exchange Board of India (SEBI) imposed a penalty...

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MDT/PTI 31 December 2012
IRDA said copies of current passbook and current statement of bank accounts with full residential details would be considered as "officially valid document" towards identity and address in case of micro-insurance products New Delhi: Insurance Regulatory and Development Authority (IRDA)...

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MDT/PTI 28 December 2012
The open offer is part of a proposed acquisition of up to 53.4% stake in United Spirits (USL) by Diageo Plc for an aggregate amount of Rs11,166.5 crore. An acquirer can go ahead with the open offer only after SEBI issues its ‘observations’ on the same New Delhi: Market regulator...

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MDT/PTI 27 December 2012
MCX-SX has already got an approval from SEBI to function as a full-fledged stock exchange New Delhi: The government has notified the country’s newest bourse MCX-SX (MCX Stock Exchange)as a recognised stock exchange, paving the way for initial public offers, listing and trading of shares...

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Moneylife Digital Team 27 December 2012
Two activists from Lucknow have urged the RBI governor to enquire into the allegations and cancel the licence of HSBC, if found true   Lucknow-based activists Amitabh Thakur and Dr Nutan Thakur have approached the Reserve Bank of India (RBI) with regard to allegations of...

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