REGULATIONS


MDT/PTI 18 October 2012
RBI said banks should ensure that loans extended under priority sector are for approved purposes and the end use is continuously monitored   Mumbai: The Reserve Bank of India (RBI) has expanded the priority sector lending in agriculture, housing and small and medium enterprises (SME)...

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MDT/PTI 16 October 2012
While depositories and stock exchanges have already been asked to take necessary actions against defaulting companies, SEBI is of the view that certain regulations need to be amended to empower the depositories to take penal actions in such cases New Delhi: Market regulator Securities...

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MDT/PTI 16 October 2012
The market regulator advised all merchant bankers to take due care before filing the draft offer document as the framework for rejection of the offer documents has come into force   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has asked merchant bankers to...

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MDT/PTI 16 October 2012
In two separate orders, SEBI said it is disposing of the case against Subhashchandra Maheshwari and Manishbhai Mistry as the charges of violations of various norms by the two entities "do not stand established"   New Delhi: Market regulator Securities and Exchange Board of India...

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Sucheta Dalal Sucheta Dalal 16 October 2012
FSLRC's Approach Paper is impractical to implement Even before India embarked on economic liberalisation, the chairman of a financial institution used to say that we Indians suffer from the MAFA syndrome —Mistaking Articulation for Action. So the government sets up innumerable committees...

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MDT/PTI 15 October 2012
While refusing to stay the decision to allow FDI in retail, the apex court asked RBI to amend the FEMA regulations to allow implementation of the policy   New Delhi: The Supreme Court on Monday refused to stay the Centre's decision to allow foreign direct investment (FDI) in retail...

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MDT/PTI 15 October 2012
Investment advisers would be required to submit a credit report or credit score from CIBIL, instead of references from two bankers needed in the original draft regulations, while applying for SEBI registration   New Delhi: Investment advisers will need to have a good credit report...

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MDT/PTI 15 October 2012
  SEBI has decided to sign MoUs with six countries Argentina, Turkey, Kuwait, Qatar, Ireland and Latvia to attract foreign investors to Indian stock market   New Delhi: With an aim to attract foreign investors from a larger number countries to the Indian capital markets, regulator...

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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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