REGULATIONS


Moneylife Digital Team 01 December 2014
SEBI have 123 funds registered as AIFs. Of these, around 34 entities got the market regulator's approval to operate so far this year, 67 in 2013 and the remaining 22 in 2011   Market regulator Securities and Exchange Board of India (SEBI) has allowed as many as 123 entities to set up...

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Moneylife Digital Team 27 November 2014
The new small and payments banks will have the responsibility to extend credit to small borrower who is dependent on money lenders and private financers   The Reserve Bank of India (RBI) on Thursday released its final guidelines for small and payments bank in the country. The intent...

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Moneylife Digital Team 27 November 2014
Under the new model, SEBI would divide market entities into four groups -- very low risk, low risk, medium risk and high risk -- and the quantum of surveillance and number of inspections would increase as per the risk level   Market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 26 November 2014
In the letter, to SFIO, the markets regulator has asked MCA to take an action against PACL's agents who are still collecting money from investors and expedite the proceedings to wind up the company operations   Market regulator Securities and Exchange Board of India (SEBI) has upped...

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Moneylife Digital Team 25 November 2014
The market regulator has asked foreign investors to ensure compliance with all necessary norms before issuing offshore derivative instruments-ODIs or P-Notes   Amid concerns about possible misuse of offshore derivative instruments (ODIs), or P-Notes, for money laundering and other...

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Moneylife Digital Team 25 November 2014
Micro Leasing and Funding as well its six directors, including three former directors are barred by SEBI from raising money from investors   Market regulator Securities and Exchange Board of India (SEBI) has barred Micro Leasing and Funding Ltd from mobilising funds from investors...

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Moneylife Digital Team 24 November 2014
Besides HSBC Securities, which acted as the merchant banker, SEBI also reprimanded India Star (Mauritius) that had made the open offer for Global Offshore Services   Market regulator Securities and Exchange Board of India (SEBI) has 'reprimanded' HSBC Securities and Capital Markets...

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Moneylife Digital Team 21 November 2014
The regulator finally woke up to long time misuse of funds by Transgene Biotek and barred its promoters and director from accessing the markets. Moneylife has been highlighting these issues since long   After keeping mum for almost a year, market regulator, Securities and Exchange...

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Moneylife Digital Team 20 November 2014
While refusing to elaborate reasons as it may tarnish reputation of CBI, the apex court directed senior most officer in the 2G probe team to takeover role of Sinha in the case   The Supreme Court on Thursday directed Ranjit Sinha, director of Central Bureau of Investigation (CBI) to...

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Moneylife Digital Team 20 November 2014
According to SEBI, the present management of DSE, even after getting to know about the irregularities committed by the erstwhile management, failed to initiate any action   Market regulator Securities and Exchange Board of India (SEBI), after finding "serious irregularities" in the...

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Moneylife Digital Team 19 November 2014
While approving stricter norms to deal with insider trading menace SEBI has also eased delisting norms for companies   Market regulator Securities and Exchange Board of India (SEBI) on Wednesday approved stricter norms to deal with insider trading menace. SEBI also widened the...

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Moneylife Digital Team 19 November 2014
According to the draft guidelines, reserve price will be determined before 22nd December, while bidding fees will be based on geological reserves of coal mines   The Indian government has released draft guidelines for allocation of 74 coal blocks. Under the draft rules, issued by the...

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Moneylife Digital Team 18 November 2014
Another blow to the I-T Dept in its endeavour to recover taxes on transfer of shares between Indian subsidiaries of foreign multi-nationals   In another blow to the Indian government and Income Tax (I-T) Department's hopes of recovering additional taxes from multi-national companies,...

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Moneylife Digital Team 18 November 2014
Under the new norms, depository participants would be required to have only single certificate of registration issued by the SEBI   Seeking to simplify procedural requirements, market regulator Securities and Exchange Board of India (SEBI) is planning to put in place a one—time single...

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Moneylife Digital Team 17 November 2014
According to the Committee headed by Vijay Kelkar, production sharing contract regime is more suited for Indian conditions rather than the revenue-sharing model as recommended by Rangarajan panel and adopted by UPA government     An expert panel headed by Vijay Kelkar has...

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Moneylife Digital Team 13 November 2014
Both Mumbai Metro Transport, a unit of R-Infra and Maharashtra government agreed to terminate concession agreement for Charkop-Bandra-Mankhurd Metro at no cost or claim to either party   Reliance Infrastructure on Thursday announced the cancellation of Mumbai's Metro Line 2 project...

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Moneylife Digital Team 12 November 2014
BSE has placed 34 companies exclusively listed on the OTC Exchange as well as 20 companies on the Bangalore Stock Exchange on its DB that allows buyers and sellers to disseminate their bids/ offers using the services of trading members   To safeguard interests of investors of firms...

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IRDA directs insurer to strictly comply with claim provision guidelines   IRDA has levied a hefty penalty of Rs50 lakh on ICICI Lombard for violating various norms during financial years FY10-11, FY11-12, FY12-13 and FY13-14. The general insurer was found to have violated...

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An anti-consumer move by IRDA which can bring back mass mis-selling   TS Vijayan, chairman Insurance Regulatory and Development Authority (IRDA) seems to be making a U-turn on the feeble pro-consumer moves made by the previous chairman J Hari Narayan. Media reports say that IRDA has...

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Moneylife Digital Team 11 November 2014
The Cabinet note proposes widening the net of Consumer Protection Law to online retailers and e-commerce sites, while also setting up a new authority to deal with unfair trade practices and consumer issues   The Consumer Affairs Department had moved a Cabinet proposal looking to cover...

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