REGULATIONS


Moneylife Digital Team 04 February 2015
SEBI's revised income estimates of Rs156.27 crore are lower than Rs193.37 crore original budget estimates for FY2014-15 due to lower income from offer documents, fee from mutual funds and AIFs   Market regulator Securities and Exchange Board of India (SEBI) is expecting an income...

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Moneylife Digital Team 04 February 2015
SEBI also restrained Prayas Projects India as well as its past and present directors from accessing the securities market   Market regulator Securities and Exchange Board of India SEBI has banned Prayas Projects India Ltd (PPIL) and its directors from markets for illegally raising...

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Will it lead to better consumer protection?   IRDAI has come up with revised draft regulations on consumer protection to help consumers guard against any inaccurate information from insurance companies. According to the draft regulations, “A prospectus of any insurance product shall...

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The Helios & Matheson story is a chilling reminder of the deep rot in our regulatory and enforcement structure   Last week, our news site put out a detailed report about how Helios & Matheson (H&M), a company whose net profit had jumped 35% to Rs 74.12 crore (after providing for...

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Moneylife Digital Team 28 January 2015
Accepting the plea raised by the eight societies against Lakeview Developers, the Bombay HC passed an interim order against Hiranandani Developers to stop its ongoing construction work   The Bombay High Court has stopped the Hiranandani Developers group’s plans of constructing...

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Moneylife Digital Team 28 January 2015
ASCI upheld 62 out of the 97 complaints received by them in December. Almost a third of the advertisements axed are from the Personal and Healthcare category, followed by Education    The Consumer Complaints Council (CCC) of Advertising Standards Council of India (ASCI) upheld as many...

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Moneylife Digital Team 21 January 2015
The proposal aimed at rationalising and making clear the roles and responsibilities of securitisation trustees, is likely to be discussed at SEBI's board meeting Thursday   Market regulator Securities and Exchange Board of India (SEBI) is planning to put in place stricter norms,...

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Moneylife Digital Team 21 January 2015
Several depositors and investors are sending letters, notices to H&M for bounced cheques, while the company is reporting ‘fabulous’ financial results and obtaining ‘fancy’ ratings    Chennai-based Helios and Matheson Information Technology (H&M), an unfancied software company,...

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Will SEBI's draconian powers be curtailed now?   Among the many hurried and ill-considered legal amendments pushed by the United Progressive Alliance (UPA) government in its last months in office was the comprehensive amendment to the Securities & Exchange Board of India (SEBI) Act....

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Moneylife Digital Team 21 January 2015
Companies which are supposed to be part of the 'Make in India' campaign and who are supposed to be in need of resources, are still quite some distance away from tapping the bond market, Sinha said   With 'Make in India' becoming a major thrust area for the Government, Securities and...

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Why can't RBI force banks to share the sender's name?   “The Core Banking Solutions (CBS) of banks should be enabled to capture complete information from the relevant fields in the messages, data files which can be displayed to customers when they access their accounts online or...

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Moneylife Digital Team 20 January 2015
Senior minister in the Modi government discussed issues involving procedures to be followed for replacing Ordinances with Bills and the preparatory measures in the upcoming Budget session of the Parliament   Senior ministers from the Narendra Modi cabinet met on Tuesday to discuss...

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Moneylife Digital Team 20 January 2015
According to investors and depositors, despite proclaimed strong financial results, H&M has been defaulting on repayments for fixed deposit and interest dues since June 2014   Shareholders and investors of Helios and Matheson Information Technology (H&M), an unfancied software...

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Moneylife Digital Team 19 January 2015
The President’s views assume significance in the context of the Modi Government promulgating nine Ordinances, after Parliament was paralysed in the winter session   President Pranab Mukherjee on Monday asked the ruling and Opposition parties to put their heads together and arrive at a...

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Moneylife Digital Team 17 January 2015
As per the financial statements of Utkarsha, it had long term liability Rs6.36 crore as on 31 March 2013 as against an inventory of Rs98.54 lakh comprising of agricultural lands   Market regulator Securities and Exchange Board of India (SEBI) has barred Utkarsha Plotters & Multi Agro...

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Moneylife Digital Team 17 January 2015
SEBI said these 63 companies are illegally collecting mobilising money, from investors by making false promises and assuring unrealistic return and people should stay away from these entities   Market regulator Securities and Exchange Board of India (SEBI) has cautioned people from...

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Moneylife Digital Team 17 January 2015
According to SEBI findings, the company had raised nearly Rs7 crore from thousands of investors   Cracking down on illicit realty investment activity, market regulator Securities and Exchange Board of India (SEBI) has barred NICL India Ltd from raising funds from the public and...

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Moneylife Digital Team 16 January 2015
It is utopian to expect banks to become insurance brokers, given that banks have neither expertise nor interest to sell insurance correctly   Seeking to increase “insurance penetration” in the country, the Reserve Bank of India (RBI) has allowed banks to act as brokers for insurers,...

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Moneylife Digital Team 16 January 2015
The new guidelines from RBI allow banks to act as brokers and permitting them to sell insurance policies from different insurance companies   Seeking to increase insurance penetration in the country, the Reserve Bank of India (RBI) has allowed banks to act as brokers for insurers, set...

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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...

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