REGULATIONS


Moneylife Digital Team 19 May 2011
The market regulator’s rules which aim to protect investors are toothless, because they don’t take into account the ground realities The attempts by the securities market regulator to curb malpractices such as the misuse of investors’ funds, by tightening running account authorisation and other...

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The action by the RBI to supersede the board of directors of the MSC Bank and to appoint administrators has highlighted the need to bring all co-operative banks, a majority of which are controlled by politicians, under the central bank's direct control Over the weekend, the Reserve Bank of...

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The former member of the SEBI Board, in a letter to the prime minister, alleges how an "informal clique of current and serving bureaucrats, SEBI officials, lawyers and corporate interests orchestrated a subversion of the due process of law". It vindicates Moneylife's stand on various regulatory...

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The scandalous ganging up of some SEBI members to protect CB Bhave and NSDL—reported extensively only in Moneylife and conveniently glossed over by all mainline media—is coming back to haunt SEBI There were two major developments over the weekend, which underline the murky and the capricious...

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Moneylife Digital Team 02 May 2011
Legal e-mag reports how much law firms made from IPO, QIP rush last year. Amarchand & Mangaldas, Luthra, Crawford Bayley top the list 2010-2011 saw quite a few memorable IPOs (initial public offers) and QIPs (qualified institutional placements) last year. Whatever followed afterwards-with...

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Under the system introduced eight years ago to protect investors, investors still bear the risk of non-payment and non-delivery of shares due to inefficiency of stock exchanges and intermediaries. It is time SEBI penalises those who have benefited from this and compensate investors who have...

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Vinod Kothari Vinod Kothari 30 April 2011
The SARFARESI Act does not fulfill the purpose of registration of security interests. For, the Central Registry does not guarantee reliability. Therefore, the law as it stands is a futile and very costly exercise After nine years in hibernation, the provisions of the SARFAESI Act pertaining to...

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Sucheta Dalal Sucheta Dalal 21 April 2011
SEBI is policing others, what about itself ? The Securities and Exchange Board of India’s (SEBI’s) move to prevent market intermediaries and their employees from using the Internet/blogs/chat forums and email (official and personal) to circulate rumours or promote shady scrips is laudable....

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Sucheta Dalal Sucheta Dalal 21 April 2011
Insider trading was just one of his numerous shady deals, many in India, which have remained under the radar Hearing the tape where Rajat Gupta tells the Galleon Fund boss, Raj Rajaratnam, that Goldman Sachs was likely to acquire a commercial bank like Wachovia or an insurance company like...

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Sucheta Dalal Sucheta Dalal 21 April 2011
The insurance regulator needs to study the tricks connected with Mr Buffett’s visit Investment guru Warren Buffett, by all accounts, made a successful trip to India, but now that he has left, it’s time for the regulator to stop being overawed and analyse the gimmicks connected with his...

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Sucheta Dalal Sucheta Dalal 20 April 2011
Supreme Court had directed market regulator to take a second look at the inquiry report which was previously thrown out, in an obvious attempt to hide wrong-doings The directors of the Securities & Exchange Board of India (SEBI) will meet on 26th of April to re-consider its exoneration of...

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Moneylife Digital Team 08 April 2011
The market regulator said its restrictions would remain in force till Aashi Industries, Dharnendra Overseas, AEC Enterprises, Solid Carbide Tools and Dharnendra Industries resolve all pending investor grievances The market regulator, Securities and Exchange Board of India (SEBI), has barred...

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Sucheta Dalal Sucheta Dalal 07 April 2011
SEBI is getting ready for several changes in top management While corporate India is quietly calling for a re-look at the independence of regulators, SEBI is getting ready for several changes in top management. The government has already started the process of finding new members. When Mr...

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Sucheta Dalal Sucheta Dalal 24 March 2011
Who regulates the main businesses of the National Securities Depository Limited (NSDL) when it is no longer only a stock depository? The shocking answer is: nobody! Hopefully UK Sinha, the new SEBI chief, will realise that NSDL is far too big and sensitive to be operating under regulatory...

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Moneylife Digital Team 23 March 2011
The Securities and Exchange Board of India has in a circular observed that “unauthenticated news related to various scrips is being circulated” through various online channels by employees of broking houses and other intermediaries, which violates the Code of Conduct for Stock Brokers Market...

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Moneylife Digital Team 23 March 2011
An RTI query recently, alerted the IT department to the strange fact that no venture fund, which can get tax exemption for earnings, has approached the department for tax clearance The Income-Tax Department is initiating an investigation to check if venture capital funds (VCF), regulated by...

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Sucheta Dalal Sucheta Dalal 10 March 2011
A new tech-based system has been announced. What happened to the old ones? A flurry of pro-investor announcements by the Securities and Exchange Board of India (SEBI) in the last few days of chairman CB Bhave’s tenure are most welcome, even if they raise a few questions. One of the measures...

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Sucheta Dalal Sucheta Dalal 10 March 2011
SEBI has been quietly letting off a few hundred chosen price manipulators and offenders with a simple ‘administrative warning’ that depends on the whims of investigation officials. Such capriciousness can only breed corruption and brew a scandal that is bound to hit the finance ministry some day...

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Moneylife Digital Team 10 March 2011
Is the younger Ambani protesting too much? A denial-a-day by the Anil Ambani group is doing more damage to its share price than any bear cartel can. The younger Ambani sibling may rush to the regulator with a complaint, but nobody is really buying his charges. Consider this. On 16th...

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Moneylife Digital Team 04 March 2011
The Public Accounts Committee of Parliament says SEBI acted hastily in awarding the contract to NSDL that led to wasteful expenditure of about Rs12 crore The Public Accounts Committee (PAC) of Parliament has criticised market regulator Securities and Exchange Board of India (SEBI) for...

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