REGULATIONS


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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Moneylife Digital Team 03 March 2011
After staying shut for several months, PayPal has decided to follow RBI guidelines for online payment services while Plimus has discontinued the direct purchase option for India-based vendors Several online payment gateways like PayPal and Plimus, which have facilitated the sale of goods and...

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Sucheta Dalal Sucheta Dalal 24 February 2011
Will the new SEBI chairman  UK Sinha create a strong grievance-redressal mechanism and enforce rules impartially? As he gets set to become the eighth market watchdog in under two decades, UK Sinha knows well that this coveted chair had turned too hot for almost everyone of its occupants. And,...

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Sucheta Dalal Sucheta Dalal 24 February 2011
Special leave petition in Supreme Court revives the matter of the controversial role of the SEBI board in exonerating CB Bhave’s role as NSDL chief in the IPO scam in 2006  After a publicity blitz hailing Chandrashekar B Bhave as the messiah of retail investors (not by Moneylife) and the...

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R Balakrishnan R Balakrishnan 24 February 2011
If you are thinking of sinking money into a deposit scheme that offers you returns that are too good to be true, perish the thought Recently, the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) came out with a notification in various newspapers. It cautioned...

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Moneylife Digital Team 18 February 2011
Before being selected to head SEBI, Mr Sinha was the chairman and managing director of UTI Mutual Fund, and prior to this, a joint secretary in North Bloc Upendra Kumar Sinha assumed the office as the chairman of the Securities and Exchange Board (SEBI) today from the outgoing chairman...

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Sucheta Dalal Sucheta Dalal 17 February 2011
SEBI has been quietly letting off a few hundred chosen price manipulators and offenders with a simple ‘administrative warning’!   Open a newspaper and you will find lavish praises of the Securities and Exchange Board of India's (SEBI) long list of achievements and allegedly tough...

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Sucheta Dalal Sucheta Dalal  and   Yogesh Sapkale Yogesh Sapkale 09 February 2011
The market regulator routinely collects call data of individuals it is investigating. It took the persistent efforts of an RTI activist to ferret out the fact that SEBI had collected records of a massive 2,327 subscribers, although it is legally not authorised to do so The Securities and...

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Moneylife Digital Team 07 February 2011
SEBI board, which met for the last time under the chairmanship of CB Bhave today, also decided to make ASBA mandatory for non-retail investors like QIBs and NIIs from 1st May 2011 Market regulator Securities and Exchange Board of India (SEBI) has said that it would send a recommendation to the...

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Moneylife Digital Team 01 February 2011
Rahul Bajaj underlines the need for clean corporate governance if a company has to retain the trust of its customers and shareholders "If the top management, the chairman or chief executive officer of the company is downright corrupt then corporate governance is not possible," says Rahul...

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Moneylife Digital Team 14 January 2011
Anil Ambani and his group companies Rel Infra and RNRL settled a case of alleged violation of trading regulations with the market regulator by paying  Rs50 crore as settlement amount In what appears to be the biggest settlement through a consent order, the Securities and Exchange Board of...

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Sucheta Dalal Sucheta Dalal 13 January 2011
It is time the Standing Committee of Parliament started conducting public hearings and asked regulators to explain their failures and discussed their contribution to market development The Bimal Jalan committee, packed with government and SEBI officials, came up with a report that was so...

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Sucheta Dalal Sucheta Dalal 13 January 2011
It is now openly acknowledged that the recommendations of the Bimal Jalan Committee are biased in favour of the NSE; so, here’s how India’s monopoly stock exchange is expected to operate A rattled Bimal Jalan has reacted to the criticism about his committee’s retrograde suggestions by pointing...

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Moneylife Digital Team 04 January 2011
Apex court says SEBI can seek relevant information from Sahara group companies, but should not restrain them from raising money from capital markets In what appears to be a severe blow to the market regulator, the Supreme Court on Tuesday asked the Securities and Exchange Board of India...

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