REGULATIONS


Moneylife Digital Team 27 March 2015
The company was engaged in fund mobilising activity through issue of equity shares to public without complying with the relevant provisions of the Companies Act, 1956, provisions of SEBI (Disclosure and Investor Protection) Guidelines, 2000 and the provisions of the SEBI (Issue of Capital and...

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Moneylife Digital Team 26 March 2015
Quashing a ban, the Nagpur Bench of Bombay HC said authorised representatives of automobile dealers are permitted to enter RTO premises after completing certain formalities   The Nagpur Bench of the Bombay High Court, in line with an earlier verdict issued in 2002, quashed the ban on...

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Moneylife Digital Team 25 March 2015
Jaipur Stock Exchange Limited is the eleventh Stock Exchange to exit under this policy of SEBI   SEBI passed an Order on 23 March 2015 providing the exit to Jaipur Stock Exchange Limited (JSEL). SEBI vide circular dated 30 May 2012 had issued the Guidelines for exit of stock...

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Moneylife Digital Team 25 March 2015
Cell Industries was engaged in fund mobilising activity through issue of Redeemable Preference Shares and NCDs to more than 49 persons without complying with the provisions of the Companies Act, 1956   SEBI passed an Interim Order dated 17 March 2015 in the matter of Cell Industries...

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The government has decided to change the definition of what constitute small and medium enterprises, notably by raising the capital caps for qualification, in a bid to revive a sector that is India's second-largest employer, with a 40 percent share in exports.   A draft bill has...

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Moneylife Digital Team 24 March 2015
In an historic decision, the Supreme Court struck down the 'draconian' Section 66A of the IT Act, thus guaranteeing citizens fundamental right to freedom of speech and expression    The Supreme Court on Tuesday struck down Section 66A of the Information Technology (IT) Act holding it...

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The Supreme Court on Monday gave Sahara a "final and last opportunity" to raise Rs.10,000 crore to make a part payment to investors for the money raised through OFCDs in 2008-09, for release of Subrata Roy and two directors from custody.   The apex court bench of Justice T.S.Thakur,...

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Moneylife Digital Team 23 March 2015
The company was engaged in fund mobilising activity through issuance of Secured Non-Convertible Redeemable Debentures, to more than 49 persons, without complying with the relevant provisions of the Companies Act,1956 and provisions of the SEBI (issue and Listing of Debt Securities)...

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Moneylife Digital Team 23 March 2015
The URO group of companies were engaged in fund mobilising activity through issue of equity shares to more than 49 persons without complying with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("ICDR Regulations") and the provisions of the Companies...

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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...

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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...

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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...

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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...

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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,...

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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...

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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...

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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...

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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...

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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...

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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...

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