REGULATIONS


Facts of each case will decide which orders can be appealed against   As investors, we have often felt let down by a listed company or have been taken for a ride because of wrong or misleading information. Every time this happens, we feel the urge to lodge a complaint against the...

Read More



Nearly 181 private companies and 16 PSUs would need to sell shares before the August 2013 deadline in order to comply with the 25% shareholding rule. Will corporate India succeed in another deferment of the deadline? 'Not again’, we said, on reading SEBI (Securities and Exchange Board of...

Read More



Moneylife Digital team 08 May 2012
SEBI said it was in talks with other regulators, including RBI and IRDA, for common know-your-customer (KYC) norms for the financial sector. KYC with any one of the KYC Registration Authority (KRA) will suffice for all the transactions across spectrum of the financial sector, SEBI chairman

Read More



Moneylife Digital Team 07 May 2012
Regional offices can clear proposals for IPO of up to Rs500 crore and would also be delegated powers with respect to mutual funds, inspection Chennai : Market regulator Securities and Exchange Board of India (SEBI) on Monday said its regional offices would be delegated powers to clear...

Read More



Jesse Eisinger (ProPublica) 03 May 2012
The SEC brought a civil case against a tiny, iconoclastic ratings agency called Egan-Jones accusing it of filling out forms wrong. The allegations seem especially paltry when compared with the disastrous performance of the ratings agencies that matter—Moody’s and S&P The Securities and...

Read More



The United Stock Exchange is the worst example of SEBI’s dereliction of duty. The fourth forex-derivatives bourse, set up by a bunch of institutions, was permitted to start operations without a revenue model, SEBI and the Reserve Bank of India did not question this In India, poor public...

Read More



Moneylife Digital Team 26 April 2012
AMFI chief HN Sinor has admitted that SEBI and AMFI had made a costly error in banning entry load for mutual funds. Remember, fund companies had welcomed the ban, as had mainstream media In a recent interview with Economic Times the Association of Mutual Funds of India (AMFI) chairman HN...

Read More



Moneylife Digital Team 26 April 2012
To check the flow of illicit funds and other manipulative activities in the stock market, SEBI is planning more frequent inspection of various market entities and a new code of conduct for brokers. The regulator proposes to ask all the market entities, including brokers and mutual funds, to...

Read More



Moneylife Digital Team 26 April 2012
SEBI has put in place rules for the use of sophisticated automated software to prevent systemic risks caused by algorithmic trading used by brokers. Algorithmic trading refers to orders on bourses that are generated using high-frequency, automated-execution logic. SEBI said that...

Read More



Sucheta Dalal Sucheta Dalal 24 April 2012
In the past 20 years since the securities scam was exposed, radical transformation and development was followed by bumbling insularity, a near monopoly of the NSE, poor leadership and lack of vision at the BSE and an unseemly collusion has kept competition out of the capital market space

Read More



 Audit is much more than checking the numbers. It has more to do with the application of analytical skills going beyond the books of accounts involving mere cross tally of figures. The auditor collects big money for attesting them all the same and the so-called disclaimers are mere fig...

Read More



Moneylife Digital team 17 April 2012
A simple query to SEBI about aggregate list of assets under management was stymied as being fiduciary in nature, when parts of that information are already available in public domain. It shows SEBI’s intention to stall, rather than share information, with the public In response to a RTI...

Read More



Moneylife Digital Team 11 April 2012
Midas Touch has argued that that it has additional information relating to consent orders The Delhi High Court (HC), on Tuesday, issued notices to the market watchdog Securities and Exchange Board of India (SEBI) and a petitioner, for impleading Midas Touch Investor Association in the...

Read More



Sucheta Dalal Sucheta Dalal 06 April 2012
After making the same mistakes as his predecessors, Madhu Kannan has quit BSE, saddling it with an expensive and inexperienced management team On Tuesday, Madhu Kannan, Managing Director and CEO of the Bombay Stock Exchange (BSE) announced plans to quit and join the Tata Group. This was...

Read More



Moneylife Digital Team 05 April 2012
SEBI realises too late that the company scammed its shareholders, a year after Moneylife published the story on Jay Energy and S Energies Last year, Moneylife had written a piece on the alleged fraud in Jay Energy and S Energies (Jay Energy), where its shareholders were being ripped apart by...

Read More



Sucheta Dalal Sucheta Dalal 03 April 2012
SEBI tweaks Bimal Jalan Committee Report and makes a mess of it. The new rules may favour NSE management but the investors of NSE, BSE and aspirant MCX-SX feel let down The Securities and Exchange Board of India (SEBI) has virtually junked the Bimal Jalan Committee report on key issues,...

Read More



Sucheta Dalal Sucheta Dalal 03 April 2012
SEBI whole-time member Prashant Saran, a former central banker, let off the group saying that the violation need not be ‘considered grave’ since it did not involve price or volume manipulation to hurt other investors’ interest – even though the bank deliberately flouted RBI norms. In a...

Read More



Moneylife Digital Team 02 April 2012
Listing of bourses and variable pay for exchange management staff allowed The Securities and Exchange Board of India (SEBI) today misleadingly claimed that it has "broadly accepted" the Bimal Jalan-headed committee report on market infrastructure institutions (MII) submitted about...

Read More



Sucheta Dalal Sucheta Dalal 02 April 2012
Regulators in the financial markets still don’t get what savers really need On 27th March, chief election commissioner of India (CEC) Dr SY Quraishi had Moneylife Foundation members and hundreds of others spellbound with his description of what the great Indian Election Circus is all about. A...

Read More



Though the demat system in its present form has served the interest of large investors, it now requires improvements to make it user-friendly for the retail investors and responsive to the changing profile of a new class of investors The system of dematerialization of shares (demat accounts)...

Read More

Free Helpline
Legal Credit
Feedback