REGULATIONS


MDT/PTI 14 September 2012
The Primary Market Advisory Committee chaired by TV Mohandas Pai would have 18 members, including chiefs of several financial institutions and other companies   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has reconstituted its Primary Market Advisory...

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MDT/PTI 14 September 2012
SEBI said a number of steps are being taken to increase the penetration of MF and to energise the distribution network while protecting the interest of investors   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has announced implementation of a number of steps...

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MDT/PTI 13 September 2012
The central bank has cancelled registration certificate of Vishal Finlease for violating RBI guidelines Ahmedabad: Reserve Bank of India (RBI) has restricted Gandhinagar based non-banking financial institution-Vishal Finlease Pvt Ltd- from accepting public deposits, for violation of...

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MDT/PTI 13 September 2012
SAT, while setting aside the SEBI order said that violations committed by the DSE Financial Services are mostly technical in nature and in some cases it has taken corrective measures Mumbai: The Securities Appellate Tribunal (SAT) has set aside a Rs4 lakh penalty imposed by market...

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MDT/PTI 13 September 2012
The two-member SAT bench found that the International Paper and promoters of AP Paper Mill have failed to provide SEBI with sufficient evidence to justify payment of non-compete fee to 15 promoter entities   New Delhi: The Securities Appellate Tribunal (SAT) has dismissed a petition...

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MDT/PTI 13 September 2012
SEBI has issued new rules for depository participants, NSDL and CDSL related with the composition of their boards, salaries of top officials and their listing   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has notified new governance rules for the...

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MDT/PTI 13 September 2012
SEBI is reportedly thinking about hiring a place or godown for storing these documents and has also asked Sahara to categorise all these papers in proper manner before submission Market regulator Securities and Exchange Board of India (SEBI)'s woes with Sahara Group are growing as it...

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MDT/PTI 12 September 2012
The central bank allowed companies engaged in infrastructure sector to raise bridge finance from overseas market under the automatic route   Mumbai: Giving a boost to infrastructure sector funding, the Reserve Bank of India (RBI) has relaxed the external commercial borrowings (ECB)...

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MDT/PTI 12 September 2012
Institutional investors can protect interests of minority shareholders by playing an active role in company decisions, says UK Sinha   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has said institutional shareholders should have a larger say in the...

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MDT/PTI 12 September 2012
SEBI has asked stock exchanges to synchronise their listing dates and trading approvals with each other for fresh shares to check transfer of shares before listing Mumbai: With an aim to check transfer of shares and other securities issued through public offers and other issues even...

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MDT/PTI 11 September 2012
SEBI in its order had slapped a fine to the tune of Rs4 lakh on Jani for circular trading in the scrip of Flawless Diamond during June 2006 to February 2007 Mumbai: The Securities Appellate Tribunal (SAT) has upheld charges of fraudulent and unfair stock market dealings against broker,...

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Moneylife Digital Team 10 September 2012
Sebi announces no-frills demat for benefit of retail investors   Sebi has finally woken up to the fact that a large number of retail investors have been suffering, thanks to the expensive compulsory demat system. It has decided to introduce no-frills demat accounts as part of an...

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Moneylife Digital Team 10 September 2012
RBI directs banks to make deposit rates uniform   The RBI asked state and central co-operative banks to put in place a board-approved transparent policy on pricing of liabilities, after it found that there were wide variations in the interest rates offered by banks on single term...

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R Balakrishnan R Balakrishnan 10 September 2012
SEBI’s short shrift to investors and distributors   The recent moves of the Securities Exchange Board of India (SEBI) have left a sour taste in the mouth of mutual fund distributors and investors. Hopes were pinned on the resumption of some sort of entry-load, plus some more...

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MDT/PTI 10 September 2012
About 35 brokers have been probed for their compliance to know your client (KYC) rules, their due diligence procedures and their compliance to various anti-money laundering and combating financing of terrorism related regulations Mumbai: As many as 35 stock brokers have been probed by...

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MDT/PTI 07 September 2012
As per the settlement with SEBI, Sanjay Sanghvi paid Rs15 lakh and took a voluntary debarment from the market for 36 months, without admission or denial of guilt in the alleged front running in shares traded by HDFC Mutual Fund   New Delhi: Market regulator Securities and Exchange...

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MDT/PTI 06 September 2012
Flagging the surge in bad assets levels and requests for loan restructuring, Anand Sinha, deputy governor of the RBI said there is urgent need for banks to improve their credit management systems Mumbai: There is an urgent need to beef up the credit management systems at banks as the...

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MDT/PTI 06 September 2012
SEBI probe found that a group of entities connected to each other and to T Spiritual World had dealt in the stock in a fraudulent and manipulative manner New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1.75 lakh on Galaxy Broking Ltd...

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MDT/PTI 06 September 2012
SEBI barred Alfa Fiscal Services and its directors -- Hardik R Bagadia and Bhavesh Natwarlal Sheth from the securities market, except allowing Sheth to sell other securities held in his demat account New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has passed the...

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MDT/PTI 06 September 2012
While Wal-Mart has invested Rs455.8 crore in Cedar Support Services, a unit of Bharti Ventures, through Mauritius, the RBI do not have data of this deal New Delhi: US retail giant Wal-Mart Stores Inc has invested Rs455.8 crore in a subsidiary of Bharti Ventures in 2010 via its Mauritius...

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