REGULATIONS


Mumbai, Securities market regulator SEBI on Monday said it has settled an alleged case of takeover code violation with the budget passenger carrier SpiceJets Chairman Ajay Singh.   SEBI had earlier proposed to carry out adjudication proceedings against Singh for his failure to make...

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Moneylife Digital Team 03 April 2017
Cautioning investors of PACL Ltd (erstwhile Pearls), market regulator Securities and Exchange Board of India (SEBI) had asked them to retain all documents with himself or herself and not to share or handover it to anyone for any reason. SEBI said the Justice RM Lodha Committee appointed by...

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Debashis Basu  and   Namrata Patel 31 March 2017
On 2 March 2017, an aggrieved minority shareholder of Raymond Limited, Vishal Patel, published an open letter in Business Standard, charging the promoters of frittering away the company’s money on personal luxuries. Raymond is controlled by a branch of the Singhania family which was a...

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Moneylife Digital Team 27 March 2017
The Securities and Exchange Board of India (SEBI) last week banned Reliance Industries Ltd(RIL) and 12 others from equity derivatives trading for one year and directed the company to disgorge nearly Rs1,000 crore for alleged fraudulent trading in a 10-year-old case. RIL, in a statement stated...

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Fear and distrust of the media now extends to regulators as well. One of the first actions after Mr Ajay Tyagi has taken over as chairman of the Securities & Exchange Board of India (SEBI), is a circular that effectively gags SEBI officers and bars them from talking to the media without prior...

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In early March, the Supreme Court of India (SC) disposed of a 2013 petition filed by a non-government organisation (NGO) called Humanity Salt Lake, asking for a proper investigation into chain-money schemes or illegal chit funds or Ponzi schemes. The Court took on board a submission by the...

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In June 2015, Moneylife published the first letter from an anonymous whistleblower on manipulation at the National Stock Exchange (NSE). The letter, and two subsequent ones, triggered a chain of events: a Rs100-crore defamation suit against us by the NSE; a detailed investigation by the market...

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IANS 28 February 2017
Securities market regulator SEBI on Monday said that it is in the process of framing new guidelines against misguiding investors through social media platforms.   According to SEBI Chairman U.K. Sinha, the limited mandate of the securities market regulator is to stop the misuse of...

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IANS 13 February 2017
New Delhi, Central securities depository NSDL's e-Governance Infrastructure has decided to cut maintenance and account opening charges for subscribers of the National Pension System (NPS) from April 1, the pension regulator has announced.   "NSDL e-Governance Infrastructure Ltd would...

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Moneylife Digital Team 10 February 2017
The government has decided to appoint Ajay Tyagi, Tyagi, additional secretary (investment) in the department of economic affairs of the finance ministry as the next chairman of the Securities of Exchange Board of India (Sebi). Tyagi was said to be among the three shortlisted for the job by...

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Moneylife Digital Team 24 January 2017
Securities and Exchange Board of India (SEBI) passed an order under sections 11(1), 11B and 11D of SEBI Act, 1992 against CapitalVia Global Research Limited (SEBI registered investment adviser bearing registration number INA200001512) and its directors namely Kiran Ravindra Kumar Choudhary,...

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IANS 18 January 2017
Capital market regulator SEBI on Tuesday said It would be "too early" to hold the central government's demonetisation move responsible for the massive pullout of foreign portfolio investment from India during the October-December quarter in view of vital international developments during the...

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On 5th January, I forwarded a letter from insiders at the National Stock Exchange (NSE), raising concerns about conflict of interest at the NSE board, to UK Sinha, chairman of the Securities and Exchange Board of India (SEBI). Mr Sinha thanked me for drawing his attention to the letter and...

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Moneylife Digital Team 29 December 2016
An independent agency, appointed to conduct a forensic audit of National Stock Exchange (NSE)'s algo trading system and examine unfair access to some brokers in algorithmic trading have found the allegations to be true, reveals the draft red herring prospectus (DRHP) filed by the Exchange for...

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IANS 28 December 2016
 Indian securities market regulator Sebi has eased the trading needs of stock brokers, foreign portfolio investors (FPI), and mutual funds in equity derivatives.   In a circular issued on Tuesday, the Securities and Exchange Board of India (Sebi) said the combined futures and options...

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Moneylife Digital Team 22 December 2016
A Committee has been constituted by SEBI (Securities and Exchange Board of India) under the Chairmanship of Justice (Retd.) R. M. Lodha, former Chief Justice of India, for disposing of the properties of PACL Ltd., so that the sale proceeds can be paid to customers.    The investors...

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On 2nd December, Chitra Ramakrishna, managing director and CEO of the National Stock Exchange (NSE), resigned abruptly citing ‘personal reasons’. The news was sensational because Ms Ramakrishna, along with Ravi Narain (who is non-executive vice chairman), was part of the team that came along...

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There are certain situations under the takeover code (Takeover Regulations) of SEBI (Securities and Exchange Board of India) which mandate an acquirer to make an open offer of shares to the existing shareholders. Can such an open offer be withdrawn? This question came up in the matter of...

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Moneylife Digital Team 10 December 2016
As per the findings of a Securities and Exchange Board of India (SEBI) appointed Committee, National Stock Exchange (NSE) had given preferential access to some brokers to its co-location servers for algorithmic trading, says the union government.   In a written reply in the Lok Sabha,...

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IANS 24 November 2016
To further develop the alternative investment industry and the start-up ecosystem in India, securities market regulator Sebi on Wednesday enhanced the number of 'Angel Funds' in one scheme from 49 to 200.   The regulator announced the changes that are expected to give a boost to the...

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