REGULATIONS


MDT/PTI 15 October 2012
About 74% of those who know these regulatory agencies have reported benefiting directly or indirectly from their regulations, says the survey New Delhi: The Reserve Bank of India (RBI) is the most known regulator followed by electricity and telecom sectoral watchdogs, Telecom Regulatory...

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MDT/PTI 12 October 2012
While saying that the market regulator is looking into the NSE freak trade issue very seriously, the SEBI chairman refused to use the word 'investigation'   Mumbai: A week after the worst crash of the National Stock Exchange (NSE), markets regulator Securities and Exchange Board of...

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MDT/PTI 12 October 2012
In two separate orders, SEBI, exonerated Vakrangee Softwares along with its eight executives from the charges, saying 'there is no history of any irregularity or indulgence of any violation' by the these entities   Mumbai: Market regulator Securities and Exchange Board of India (SEBI)...

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MDT/PTI 12 October 2012
SEBI said draft document of companies would not be entertained in case major portion of the issue proceeds are utilised for expenses towards brand building, advertisement and payment to consultants   New Delhi: Companies will not be able to access the capital market if the utilisation...

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MDT/PTI 11 October 2012
SEBI is looking into contradictory statements about stake sale in Kingfisher to foreign airlines and private equity players and also about United Spirits selling stake to UK's Diageo New Delhi: Following requests from bourses National Stock Exchange (NSE) and BSE, market regulator...

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MDT/PTI 10 October 2012
The Godrej committee has recommended adoption of 17 "Guiding Principles" to underpin the system of corporate governance in the country, including responsibilities of independent directors and functioning of a company's board   New Delhi: Market regulator Securities and Exchange Board...

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MDT/PTI 10 October 2012
Naiker had sought exemption from SEBI regarding acquisition of 5.62 lakh shares representing 45% stake from existing promoters of Hemakuta Industrial Investment, which have not been trades since 2002   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has...

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MDT/PTI 10 October 2012
SEBI said Jain dealt in 15,080 shares of the company on behalf of Polaris Holding on the basis of 'unpublished price sensitive information' held by him and made unfair gains of Rs27.26 lakh   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has barred Polaris...

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MDT/PTI 10 October 2012
ICICI Bank and ING Vyasa Bank are fined for their failure to obtain adequate documents for opening accounts, failure to carry out sufficient customer identification procedures and failure to examine control structure of entities   Mumbai: The Reserve Bank of India (RBI) has slapped a...

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MDT/PTI 09 October 2012
Among 42 charges against Metlife, one was related with floating contests for the referral partners and expenses incurred and there were five such instances   New Delhi: Insurance Regulatory And Development Authority (IRDA) has imposed a penalty of Rs76 lakh on Met Life India Insurance...

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MDT/PTI 09 October 2012
The central bank is open to looking at increasing the limit on international e-commerce transactions from $3,000 at present says RBI executive director G Padmanabhan Mumbai: The Reserve Bank of India (RBI) is open to looking at increasing the limit on international e-commerce...

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MDT/PTI 09 October 2012
The central bank is trying to redefine sick units and would soon come up with the new definition, says Dr Chakrabarty Mumbai: The Reserve Bank of India (RBI) will come out with a new definition of sick units shortly, reports PTI quoting RBI Deputy Governor KC Chakrabarty.   "We...

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Moneylife Digital Team 08 October 2012
SAT upheld charges of insider trading against VK Kaul, a former independent director of Ranbaxy, and his wife Bala Kaul The Securities Appellate Tribunal (SAT) on Monday upheld charges levied by the market regulator Securities and Exchange Board of India (SEBI) against VK Kaul, an...

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Narendra Kondajji 08 October 2012
SEBI has just come out with draft regulations for investment advisors. Unfortunately, the proposed regulations will be of little consequence. It will mean little to investors and mis-selling may continue as before and with appropriate disclosures! An analysis of the proposed rules…

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MDT/PTI 08 October 2012
Companies including Birla Sun Life Insurance, ICICI Prudential, HDFC Life Insurance, MetLife Insurance and Reliance Life among others have been issued summons by the Finance Ministry as part of its probe into alleged service tax evasion of over Rs300 crore New Delhi: The Finance Ministry...

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MDT/PTI 08 October 2012
IRDA directed SBI Life to identify the member or beneficiaries for each master policy and distribute the wrongful administrative charge by way of refund   New Delhi: The Insurance Regulatory and Development Authority (IRDA) has directed SBI Life Insurance Company to distribute the...

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MDT/PTI 08 October 2012
Reliance Life has filed two health plans, one a reimbursement health plan and another one a simple fixed benefit plan and is awaiting approval from the insurance regulator   New Delhi: Private insurer Reliance Life has sought approval of the Insurance Regulatory and Development...

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MDT/PTI 08 October 2012
SEBI has asked stock exchanges to inform investors well in advance about any potential penal action against companies not complying with minimum public shareholding Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has asked stock exchanges to inform investors well...

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MDT/PTI 08 October 2012
SEBI decided to initiate steps that would enable an investor to view the details of his holdings and transactions across all asset classes through a single consolidated statement under a demat account Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has proposed to...

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MDT/PTI 08 October 2012
SEBI decided that an additional exposure to financial services sector (over and above the existing 30%) not exceeding 10% of the net assets of the scheme in debt oriented mutual fund schemes will be allowed by way of increase in exposure to HFCs only Mumbai: Providing respite for housing...

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