REGULATIONS


Moneylife Digital Team 15 November 2011
Mumbai based advocate had filed a petition requesting the SC to include him in the SEBI chairman’s appointment case as he wants to highlight the regulator’s alleged failure in addressing insider trading matters In an interesting twist to the writ filed by S Krishnaswamy (former Chief of the...

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Sucheta Dalal Sucheta Dalal 15 November 2011
Investigation into financial scandals never leads to logical punitive action On 9th November, CNN-IBN carried a newsbreak about how Pentamedia Graphics, which was part of the notorious K-10 stocks that were manipulated to stratospheric highs by Ketan Parekh, had left investors...

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Moneylife Digital Team 15 November 2011
In a remarkable effort to protect traders and ensure systematic balance, MCX contacts MF Global customers directly whether payments have been credited. Will National Stock Exchange and Bombay Stock Exchange, which always take a hands-off attitude to the problems of investors, traders and...

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Moneylife Digital Team 14 November 2011
RBI fears stressed assets of Rs5 lakh crore from power, real estate and infrastructure sectors on higher interest rates and slow growth. The rise in NPA may reflect very badly on bank’s book The Reserve Bank of India (RBI) fears that bank loans of around Rs5 lakh crore (Rs5 trillion) may come...

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Sucheta Dalal Sucheta Dalal 14 November 2011
An accusatory letter by a Whole Time Member, an unusual writ petition by some eminent citizens, an explosive rebuttal by the finance ministry and the buck of senior appointments at the capital market watchdog again stops at the Prime Minister At the end of the day, it may boil down to an...

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Moneylife Digital Team 08 November 2011
The Group has alleged that NSE issued certain circulars in contravention to the rules and guidelines of the SEBI and thus favoured brokers over investors Delhi-based Investor Protection Group (IPG) has filed a writ petition in the Delhi High Court (HC) against the National Stock Exchange...

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Gurpur Gurpur 08 November 2011
The committee set up to review FEMA has made many pragmatic suggestions that will simply Portfolio Investment Scheme for NRIs With time and changes in the economy, many rules under the Foreign Exchange Management Act (FEMA) have become redundant.  “The operations of FEMA still betray a ‘fear’...

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Gurpur Gurpur 28 October 2011
Giving freedom to banks to fix their own interest rates on saving bank deposits in the present juncture may create more problems for the common man, who may have to face higher service charges and more restrictive practices The Reserve Bank of India (RBI) has always been known to be like a...

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Moneylife Digital Team 25 October 2011
“Changing the policy stance when inflation is still far above the tolerance level entails risks to the credibility of the Reserve Bank’s commitment to low and stable inflation,” the apex bank said in its policy review document.

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Moneylife Digital Team 25 October 2011
The RBI has already hiked the repo rate by 375 basis points (bps) from the bottom, and it is loose fiscal policy that is the main culprit behind high inflationary pressures, says Macquarie Over the past 22 months, headline inflation as measured by the wholesale price index (WPI) have remained...

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William Gamble William Gamble 24 October 2011
Marching against corruption in India is akin to marching against corporate fraud in the US. Civic activism across the globe is taking place because the youth want more transparency and fairness in the system Across the United States and across the world, young people, and some not so young,...

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Sucheta Dalal Sucheta Dalal 19 October 2011
The market regulator seems unable to break free from the past When UK Sinha took over as chairman of the Securities and Exchange Board of India (SEBI) in February 2011, I wrote, it was an advantage that he came without the baggage of litigation (against SEBI itself) that his predecessor had...

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William Gamble William Gamble 17 October 2011
With faith and with risks mounting for government bonds rising in developed markets, emerging markets countries and corporations were able to issue more debt than ever before. In 2010 Chinese companies raised three times more money from bonds as they did from equities. Now many of these bonds...

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William Gamble William Gamble 10 October 2011
Greece is a democracy with a free press and subject to the restrictions of the EU. China actively suppresses information. To determine the state of the Chinese economy it is sometimes necessary to look outside some of the official reports. Like discovery of the structure of DNA, it is necessary...

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Debashis Basu Debashis Basu 07 October 2011
SEBI’s circular on due diligence to be done by large distributors is yet to be taken seriously. Some banks are not even aware of it! Six months after the Securities and Exchange Board of India (SEBI) got a new chairman, the market watchdog issued a new circular that aims to regulate the...

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Sucheta Dalal Sucheta Dalal 06 October 2011
Interference of ministry or the PM in the selection of the SEBI head is the norm In June 2011, I wrote in this column, “Who will discipline a regulator that fails to discharge its responsibilities?” This was in the context of a strongly-worded letter by Dr G Mohan Gopal, a former member of...

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ML Digital Team 06 October 2011
The RBI (Reserve Bank of India) at its September annual conference of Banking Ombudsmen held in Mumbai has said that it has plans to improve processes to redress consumer grievances. The RBI or the Indian Banks’ Association would examine the issues pertaining to monetary compensation for mental...

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ML Digital Team 06 October 2011
SEBI is planning to regulate the practice of investment advisors who also act as distributors of the products they advise customers to buy. A discussion paper on regulating investment advisors & distributors will be soon put out for public comments. But it is not clear if SEBI’s draft paper will...

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S D Israni S D Israni 06 October 2011
The Everonn case shows how a chairman and directors are not enough to ensure governance among listed companies Even as investors are yet to recover from the shocking saga of Satyam Computer Services Ltd, a company that once formed a part of the Sensex, comes the sordid news of another...

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Moneylife Digital Team 30 September 2011
Our discussions of SEBI’s paper on investment advisors have drawn a tremendous response. Here is the summary of the distributors’ perspective Comments have been pouring in from distributors of financial products- apart from the ones that are already there in our website (Please scroll below...

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