REGULATIONS


Moneylife Digital Team 26 April 2017
Market regulator SEBI on Wednesday allowed options trading in commodity derivatives market, while allowing instant access facility (IAF) through online mode and use of e-wallets for investment in mutual funds (MFs). Redemption of investments made through e-wallet, however, can be done only...

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Three cheers to Abhay Deol, the thinking actor, whose celebrity status has drawn enormous attention to our obsession with fairness. The trigger for his Facebook post, which has gone viral, was the crass comment of former Bharatiya Janata Party (BJP) parliamentarian Tarun Vijay, on a...

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It seems to be an open season for whistle-blower letters these days—at least, at Moneylife. We keep getting one letter after another exposing the dirt on Indian capital markets and companies. Unfortunately, the deep expertise of insiders, and the excruciating detail they go into, will not...

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Mumbai, The CBI on Friday raided the residences of several serving and former officers of the Central Bank of India and officials of the Sinhagad Technical Education Society (STES) at multiple locations in connection with a Rs 58 crore scam, an official said here.   The Central Bureau...

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Mumbai, The Securities and Exchange Board of India (Sebi) on Thursday said stock exchanges operating in international financial services centres (IFSCs) may allow dealing in equity derivatives.   "Based on the recommendations of the Risk Management Review Committee of SEBI, it has...

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Moneylife Digital Team 13 April 2017
The Bombay High Court has appointed the Official Liquidator attached to the Court as Provisional Liquidator of Elder Pharmaceuticals Ltd.    A copy of the letter has been sent to Moneylife Foundation by the Office of the Official Liquidator of High Court, Bombay, since Elder Pharma is...

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IANS 13 April 2017
New Delhi, Stock market major BSE on Wednesday said that all listed entities on its platform need to file their financial results in 'XBRL' mode, in addition to 'PDF' format.   XBRL is a data-rich language for transmitting information via the Internet. It was developed specifically to...

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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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