REGULATIONS


In a bid to get back ill-gotten money stashed by Indians abroad, curb the menace and deter future such practices, the proposed new law not only seeks stringent action against perpetrators but also abetors like banks, chartered accountants, directors and employees.   "In keeping with...

Read More



The Supreme Court on Monday issued notice to the centre, the CBI and Essar on a PIL seeking a probe into the high-level political-bureaucrat-corporate nexus exposed in e-mail leaks wherein a corporate house allegedly granted favour to ministers and bureaucrats for promoting its...

Read More



Facing a road block in parliament and widespread protests, the government has now decided to go slow on the contentious land acquisition bill and may let the ordinance promulgated on the issue lapse. Knowledgeable sources said the government is unlikely to discontinue either of the houses in...

Read More



For Harish, being able to ply his e-rickshaw on the roads of the national capital without any hindrance from law is still a far cry.   As the sole bread winner of his family, Harish, a father of five, says he has to "grease the palm" of the authorities to be allowed to run his...

Read More



With the coal ordinance permitting auction of cancelled blocks due to lapse early April, the Rajya Sabha on Friday passed the Coal Mines (Special Provisions) Bill, 2014, in the nick of time before parliament goes into its scheduled month-long recess.   Failure to pass the bill,...

Read More



A bill on unearthing black money and punishing those with ill-gotten wealth was tabled in the Lok Sabha on Friday, the last day before parliament goes into its scheduled month-long recess. The Undisclosed Foreign Income and Assets (Imposition of New Tax) Bill, 2015, proposes a short...

Read More



Moneylife Digital Team 20 March 2015
These entities were engaged in providing investment advisory services to public at large without obtaining requisite registration from SEBI for the same and as a result have violated provisions of the SEBI Act, 1992 and SEBI (Investment Advisers) Regulations, 2013   A SEBI Order...

Read More



Javadekar said the Goa government will now have to decide on ore extraction limits for individuals mines in the state, so that extraction does not exceed the cap of 20 million tonnes   In a major development which could bring cheer to Goa's multi-crore-rupee mining sector, Environment...

Read More



Moneylife Digital Team 17 March 2015
With just a fortnight left to meet the deadline, SEBI has written to more than 160 among the top 500 listed companies to ensure compliance   Market regulator Securities Exchange Board of India (SEBI) will take 'necessary' action against listed companies, which fail to appoint at least...

Read More



The Supreme Court said it cannot agree that politically organised Jats are backward class so as to be entitled to OBC reservation    The Supreme Court on Tuesday quashed the 4 March 2014, notification by the then United Progressive Alliance (UPA) government extending other backward...

Read More



Kolkata based I-Core E-Services had allegedly collected Rs45.74 crore from investors during 2009-2010   Market regulator Securities Exchange Board of India (SEBI) has ordered Kolkata based I-Core E-Services (ICES) and its promoters not to raise funds through issuance of securities...

Read More



The Bench reiterated it was incumbent upon the central government to ensure that the states complied with the Supreme Court's order of not making Aadhaar mandatory for availing social benefits under various schemes   The Supreme Court has directed the central and state governments not...

Read More



Moneylife Digital Team 13 March 2015
Calling a three year ban on DLF and its top six executives as 'over-regulation', a majority view of the three-judge SAT bench quashed SEBI's order   The Securities Appellate Tribunal (SAT) on Friday quashed and set aside the order issued by market regulator Securities and Exchange...

Read More



Major Navdeep Singh 12 March 2015
The decision by the apex court effectively ensures that the Armed Forces Tribunal or AFT becomes the first and the last forum for litigants. This also means defense personnel, veterans and their families will not have a multi-layered remedy of reviews and appeals that is available for other...

Read More



Moneylif eDigital Team 11 March 2015
Anmol India Agro-Herbal and its directors have been barred by SEBI from disposing of or alienate any of the properties or assets owned or acquired through the money raised    Market regulator Securities and Exchange Board of India (SEBI) barred Anmol India Agro-Herbal Farming &...

Read More



BLRC has a limited mandate and so its recommendations have to dovetail into a larger reform to be effective. Its not going to be easy   Finance Minister Arun Jaitley has promised the introduction of comprehensive bankruptcy code of global standards to induce legal certainty and speed...

Read More



Moneylife Digital Team 03 March 2015
According to reports, those arrested by the EOW, include, Amit Rathi, Chintan Modi of IIFL and CP Krishnan from Geojit Comtrade   The Economic Offences Wing (EOW) of Mumbai police, which is probing the Rs5,600 crore National Spot Exchange Ltd (NSEL) scam, has reportedly arrested...

Read More



Moneylife Digital Team 03 March 2015
In the Economic Intelligence Council meeting, the chief of CEIB reportedly said that RBI had initially agreed to share extracts of the inspection reports on banks but later on, had changed its stand   The Reserve Bank of India (RBI) has refused to share its reports on banks’...

Read More



More silly tinkering with IPO rules   Every time the capital market regulator is under pressure to explain why retail investors shun the market, it fishes out the absurd idea of a ‘safety net’ for equity investors. Each time, the safety net has a new name. This time, The Economic...

Read More



For the government and regulators, financial inclusion does not mean listening to consumers   Corporation Bank is an exception among Indian banks—public, private and foreign. Its outspoken officers’ association often acts as a whistleblower and has prevented more than one chairman...

Read More

Free Helpline
Legal Credit
Feedback