REGULATIONS


Moneylife Digital Team 02 September 2011
As the tussle between KM Abraham and the Securities and Exchange Board of India gets more bizarre, the finance ministry has gone one step further, saying it has received serious complaints against the former member of SEBI of abuse of power and corruption The Abraham-SEBI saga is getting...

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Sucheta Dalal Sucheta Dalal 18 August 2011
An internal study commissioned by the new SEBI chairman found what Moneylife alone has been saying: total subjectivity in the way whole-time members have been passing consent orders Among the many things that UK Sinha, Chairman of the Securities and Exchange Board of India (SEBI) has thought...

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Moneylife Digital Team 17 August 2011
SEBI’s consent orders are seen as a quick escape mechanism for anyone who is caught violating market regulations and the amount paid would depend on the skills of the lawyer who negotiates the settlement Market regulator the Securities and Exchange Board of India (SEBI) has again let off...

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Sucheta Dalal Sucheta Dalal 12 August 2011
A hard-hitting confidential letter from UK Sinha, SEBI chairman, once more proves the seamy underbelly of the regulator under former chief CB Bhave. Moneylife alone has been reporting about this seamy side for two years now Barely four months into his job, UK Sinha was delivered a blow that...

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Sucheta Dalal Sucheta Dalal 12 August 2011
Chairman UK Sinha’s analysis of the “Possible Causes” for Dr KM Abraham’s (former whole time member of SEBI) many allegations against him and finance ministry officials, includes anger, delusion, insecurity complex, severe emotional stress and many others SEBI chairman UK Sinha's first six...

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Sucheta Dalal Sucheta Dalal 11 August 2011
India needs to encourage proxy services to check corporate misgovernance, but ensure that conflict, regulation and compensation issues are addressed right now, while it is still a nascent business Indian companies, or rather their owners/managers, tend to be extremely touchy and thin-skinned...

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Sucheta Dalal Sucheta Dalal 11 August 2011
Manipulation, time & again The Securities and Exchange Board of India’s (SEBI) action in the Vaswani Industries’ IPO (initial public offering) whose listing was halted in May, raises more questions than it answers. This is a company caught in the most brazen episode of stock manipulation....

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Sucheta Dalal Sucheta Dalal 11 August 2011
Without the SEBI top team to bat for it, NSE is quickly compromising on a variety of court battles After three years of aggressive high-handedness, the National Stock Exchange (NSE), which has a virtual monopoly over India's capital markets, filed consent terms that closed a slew of lawsuits.

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Moneylife Digital Team 10 August 2011
Given the poor interest of retail investors, state of the intermediaries and poor governance standards, SME exchanges are likely to be useless While the market regulator has allowed the two national stock exchanges to launch exchanges for small and medium enterprises (SMEs) it is not clear...

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Moneylife Digital Team 08 August 2011
Hearing an RTI appeal, chief information commission orders ministry to be the nodal body; Reserve Bank of India and finance ministry to submit affidavits in case of denial of any deals in the yellow metal At a time when popular and judicial pressure is building up on the government regarding...

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Debashis Basu Debashis Basu 04 August 2011
To the utter amazement of the entire market, the stock of the broking firm was rigged up non-stop to Rs225 from Rs91, once again making a mockery of regulators, raters, and the entire market system Stockbrokers may be cutting branches and staff but the stock of broking company Inventure made...

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Ramesh S Arunachalam Ramesh S Arunachalam 04 August 2011
The proposed Council to advise the government on the microfinance business should have proper representation from among all the stakeholders who will be alert to the task, while those who have specific business interests should be avoided The draft Microfinance Bill talks about a...

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R Balakrishnan R Balakrishnan 01 August 2011
The Securities and Exchange Board of India continues to act in the interest of the business community rather than provide equity for investors The changes in the takeover code, announced by the Securities and Exchange Board of India (SEBI) last week are noteworthy for two things. First,...

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Moneylife Digital Team 29 July 2011
The proposed fee (Rs100-Rs150 on investments above Rs10,000) might be too little to help agents—who find peddling ULIPs more lucrative The Securities and Exchange Board of India (SEBI) plans to impose a transaction fee of Rs100-Rs150 on investments above Rs10,000 in mutual funds to...

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Ramesh S Arunachalam Ramesh S Arunachalam 29 July 2011
It is critical to define the criteria for independent directors and implement this strictly in the interests of good governance; otherwise we could be in for a ‘blind date’ with yet another crisis Consider the following occurrences that happened in some NBFC MFIs. The first instance is an...

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Moneylife Digital Team 29 July 2011
The scandalous ganging up of some SEBI members to protect CB Bhave and NSDL was reported extensively only in Moneylife and conveniently glossed over by the mainline media. SEBI's decision to release orders from the Mohan Gopal report to NSDL for compliance, just vindicates the stand taken by...

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Moneylife Digital Team 29 July 2011
The stock has been rallying by 126% since February 2011, six months before the US entertainment giant announced its plan to buy out the Indian company and subsequently delist it, but the market watchdog has been looking elsewhere  US-based entertainment giant Walt Disney recently announced...

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The SEBI chief wants to keep the no-load system in place. But it offers too little incentive for many small fund distributors and small investors The Indian mutual fund industry got caught in growing regulatory pressures, even before it grew up. The result is stagnation; the industry has not...

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The Securities and Exchange Board of India drags a report against Religare Securities through adjudication over a paltry penalty of Rs3 lakh, but seems unable to investigate case of rampant price manipulation If the Emmel Financial case makes SEBI appear investor friendly, then a 16th June...

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Yogesh Mehta, a former member broker, has for over three years been demanding information with respect to market making by the BSE. He says this resulted in a cost of nearly Rs90 crore and benefitted just a handful. The stock exchange will not cooperate, saying that it is not a public body and...

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