REGULATIONS


Moneylife Digital Team 07 May 2014
RBI,  as part of a consumer protection initiative, has asked banks not to levy penalties on customers who don't maintain a minimum balance in any inoperative account The Reserve Bank of India (RBI) on Wednesday directed all banks not to levy penal charges for non-maintenance of minimum...

Read More



Professionals like CAs and CSs can be punished with a fine of Rs 1 lakh-Rs 5 lakh which can even extend to Rs 25 lakh The Satyam scandal of 2009 not only shook the corporate sector but also woke up the government from its deep slumber. The government embarked on an exercise to tighten...

Read More



To avoid costs of compliance, financial institutions in India may decide to filter the US client that they want to be on board. However, the actual impact be realised once RBI, SEBI and other regulators come out with guidelines to ensure compliance with FATCA in their respective domains

Read More



When will a regulator like SEBI be made accountable? After 25 years of existence, does the Securities & Exchange Board of India (SEBI) need to pause and re-examine its attitude to regulation and market development? Not a day passes without SEBI issuing a press release on how it is...

Read More



IRDA should act a little more in consumer interest ARight to Information (RTI) application to the Insurance Regulatory Development Authority of India (IRDA), followed by an appeal, is what it took to ferret out the information that, until August 2013, Reliance Life Insurance, through its...

Read More



We have a long way to go before financial consumers feel safe Consumers International (CI), a global network of 240 consumer organisations, has decided on four key areas of financial consumer protection (FCP) that will be the focus of its consumer advocacy in the coming year. CI will...

Read More



Moneylife Digital Team 28 April 2014
Peers Allied and its nine directors mobilised Rs14.21 crore from about 4,500 investors as on 31 March 2012, under the pretext of real estate investment schemes Market regulator Securities and Exchange Board of India (SEIB) has barred Peers Allied Corporation and its directors from...

Read More



Moneylife Digital Team 28 April 2014
Since bourses are already collecting annual subscription charges from members, it is the responsibility of the exchanges to conduct such audits at their own cost, the commodity markets regulator said Commodity markets regulator, Forward Markets Commission (FMC), has asked national...

Read More



Moneylife Digital Team 22 April 2014
Although SEBI made IPO grading voluntary, three companies opted for IPO grading from ratings agencies. IPO grading helps good companies to raise capital and investors to make informed decisions. But SEBI and its lobby think that this serves 'no purpose' Although the Securities & Exchange...

Read More



It would be a healthy practice at making monetary policy and banking system more transparent to being accountable and answerable to the people instead of being hush-hush secretive in its operations Our Reserve Bank of India (RBI) successfully stands up elegantly at par with its western...

Read More



At last, the RBI governor is nudging Indian banks in the right direction For the first time after taking over as the RBI governor, Dr Raghuram Rajan has made a strong pitch for a more level playing field for bank customers. His first credit policy statement for FY2014-15 specifically...

Read More



Moneylife Digital Team 14 April 2014
SEBI barred Almondz Global Securities for failing to exercise due diligence and for violating norms in the IPO of Bharatiya Global Infomedia  Market regulator Securities and Exchange Board of India (SEBI) suspended merchant banker registration certificate of Almond Global Securities...

Read More



Moneylife Digital Team 11 April 2014
Birla Power Solutions has submitted a proposal to Bombay High Court offering to repay money to its creditors of past eight years. However the Yash Birla group company will not pay interest to its fixed deposit holders The debt-ridden Yash Birla Group unit Birla Power Solutions Ltd (BPSL)...

Read More



Moneylife Digital Team 10 April 2014
SEBI chief Sinha also expressed concerned over the decline in capital raising activities as Rs60,000 crore worth of approvals and intentions to raise money have either been allowed to lapse or withdrawn during the past three years Market regulator Securities and Exchange Board of India...

Read More



The MCA should free the companies that are small or have below Rs5 crore paid up capital from the routine filings other than changes in directors and annual returns There is a school of thought that very rightly laments “The Companies Act 2013 threads small aadmi and his companies with...

Read More



Moneylife Digital Team 08 April 2014
SEBI banned Alderbrooke PMS and its two directors for five years after finding the firm offering PMS services and collecting money from investors without obtaining any registration from the market regulator   Market regulator Securities and Exchange Board of India (SEBI) has...

Read More



Moneylife Digital Team 04 April 2014
SEBI levied a fine of Rs25 lakh on MAN Industries and its five officials for delay in disclosing price sensitive information Market regulator Securities Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on MAN Industries, its chairman and four other officials for not...

Read More



Shampita Das 03 April 2014
The entire list of charges requiring registration has been done away with the issuance of final Rules on Chapter VI of the Companies Act. In the absence of the list, all charges and pledges would now require registration with the Registrar With 283 sections of the Companies Act, 2013...

Read More



Moneylife Digital Team 01 April 2014
The Reserve Bank of India has said that banks should consider the possibility of allowing them to pre-pay floating rate term loans without any penalty The Reserve Bank of India, in its first bi-monthly policy had said that banks should allow customers to prepay floating rate term loans...

Read More



Moneylife Digital Team 01 April 2014
While keeping key rates unchanged, the RBI said it would allowing the rate increases undertaken during September 2013-January 2014 to work their way through the economy The Reserve Bank of India (RBI), in its first bi-monthly credit policy review has kept repo, reverse repo, cash reserve...

Read More

Free Helpline
Legal Credit
Feedback