REGULATIONS


Moneylife Digital Team 14 January 2015
According to media reports, the Directorate General of Foreign Trade has slapped a fine of Rs100 crore on Riddhi Siddhi Bullions and also cancelled the bullion trader's import licence   The Directorate General of Foreign Trade (DGFT) has slapped a fine of Rs100 crore on Mumbai-based...

Read More



Moneylife Digital Team 14 January 2015
SEBI, while passing the suspension order pointed out that the stock broker failed to furnish any documentary evidence to dispute the dues towards the registration fees    Market regulator Securities and Exchange Board of India (SEBI) has suspended the registration certificate of...

Read More



TruthInAdvertising.org 14 January 2015
TINA.org's wins an important battle to obtain complaints against Utah-based companies   Consumers received an important holiday present this year when the Utah State Records Committee ruled in favor of TINA.org’s request to obtain copies of consumer complaints filed with the state...

Read More



Moneylife Digital Team 13 January 2015
According to SEBI probe Infinity Realcon issued redeemable preference shares to 24,718 investors and mobilised about Rs19.32 crore between 2009 to 2013   Market regulator Securities and Exchange Board of India (SEBI) has barred Infinity Realcon Ltd from raising funds from investors...

Read More



Moneylife Digital Team 13 January 2015
Golden Life Agro and its promoter-directors have also been restrained and prohibited from buying, selling or otherwise dealing in the securities market for four years   Market regulator Securities and Exchange Board of India (SEBI) has asked Golden Life Agro India Ltd and its...

Read More



Moneylife Digital Team 13 January 2015
CBDT has asked the I-T department to specifically focus on cases getting "time barred by 31st March" so that legal requests could be sent abroad to US, UK, Switzerland and Gulf countries   The Central Board of Direct Taxes (CBDT) has asked officials from the Income Tax (I-T)...

Read More



Moneylife Digital Team 13 January 2015
As per the status on 9th January, SEBI was awaiting clarifications on the IPO of Videocon d2h, which provides direct-to-home TV services   Market regulator Securities and Exchange Board of India (SEBI) has sought fresh clarifications from the merchant banker of Videocon d2h Ltd, the...

Read More



Virendra Jain 12 January 2015
More than 3,000 listed companies have disappeared over the years. Even after a massive exercise and expenses, by the executive, Parliament and High Court's order, investors continue to be in a lurch    Over the last two decades, hundreds of companies that have vanished after picking...

Read More



Moneylife Digital Team 08 January 2015
SEBI observed that VPIPL is prima facie engaged in fund mobilising activity from the public, through the Offer of NCDs   The Securities and Exchange Board of India (SEBI), based on its investigation ruled that VPIPL (Vaibhav Pariwar India Projects Limited) shall not mobilise funds...

Read More



Marketing gimmick needs to be filed with the regulator   The Insurance Regulatory and Development Authority (IRDA) has said that insurance companies offering a guarantee for settlement of insurance claims within a certain number of days should make it a part of the product filing....

Read More



Moneylife Digital Team 07 January 2015
A stock that will return 200% in 12 months? Stocks tips continue unabated despite SEBI’s rules to curb them. The rule will end up harassing genuine analysts it seems.   An email sent from an anonymous email ID suggests that the receiver buy “Prozone Intu Properties” or PIP. The email...

Read More



Moneylife Digital Team 06 January 2015
The Union Cabinet approved the eighth ordinance in the government's seven months   The Cabinet has approved yet another ordinance, this time regarding the sale of iron ore and mineral resources blocks through the auction route.   This ordinance would amend the existing Mining...

Read More



Neha Somani 06 January 2015
With this amendment, the bottleneck for investment in the infrastructure sector through the FVCIs route has been removed   As per an amendment to its regulations, the Securities and Exchange Board of India (SEBI) has substituted the definition of “Venture Capital...

Read More



Moneylife Digital Team 05 January 2015
The land was taken back by the Rajasthan Government for illegal land use mutations, part of the land also reportedly belonged to Robert Vadra   Land use mutations of 374.44 hectares of land have been cancelled by the Rajasthan Government. The land is in the Kolayat region in...

Read More



Moneylife Digital Team 03 January 2015
The IndAS once applied will converge accounting procedures in India with the IFRS standards   The Ministry of Corporate Affairs (MCA) released a revised roadmap for implementation of Indian Accounting Standards for companies other than banks, insurers and non-banking finance...

Read More



Moneylife Digital Team 31 December 2014
While restricting eight entities from accessing markets for 10 years, SEBI also asked Gagan Rastogi and Asiatexx Enterprises to repay unlawful gains of $92 million along with an interest of 6% per annum   Market regulator Securities and Exchange Board of India (SEBI) has barred eight...

Read More



Moneylife Digital Team 31 December 2014
Declaring Bhuleshwar and Bandra Reclamation in Mumbai as ‘Bays’, the HC directed Costal Zone Authority to give clearances to two projects that were outside the CRZ norms for bays   The Bombay High Court, while accepting the certificate issued by Institute of Remote Sensing (IRS) for...

Read More



Strapline: Political parties defying summons by CIC, a headless information commission and much more meant a low year for this otherwise strong transparency law in 2014.   If 2014 was the triumph of the BJP which brought it to power with a thumping majority, it was also the year when...

Read More



Moneylife Digital Team 30 December 2014
According to SEBI, municipal bonds would add to instruments where provident funds, pension funds and insurance companies can also invest   Market regulator Securities and Exchange Board of India (SEBI) Tuesday proposed a new set of norms for listing and trading of municipal bonds on...

Read More



Moneylife Digital Team 30 December 2014
The UPA government had cut excise duty on the auto industry to help growth. The tax holiday was extended past its first expiry on June 30, till December 31 by the Modi government.   Cars, SUVs and two-wheelers will become expensive from 1 January with the government deciding not to...

Read More

Free Helpline
Legal Credit
Feedback