REGULATIONS


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...

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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...

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Moneylife Digital Team 26 March 2014
SEBI levied a fine of Rs28 lakh on Mafatlal Finance and its two promoters for delay in compliance with its disclosure norms Market regulator Securities Exchange Board of India (SEBI) has imposed a penalty of Rs28 lakh on Mafatlal Finance Company and its two promoters on failure to...

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Moneylife Digital Team 25 March 2014
If Jignesh Shah-led Financial Technologies fails to cut its stake in MCX to 2% from 26% by 30th April, then FMC may restrain the commodity exchange from launching fresh contracts Multi Commodity Exchange (MCX), the country's largest commodity exchange may be barred launching fresh...

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Moneylife Digital Team 25 March 2014
MFs would be required to disclose certain additional details about their assets under management (AUM) as well as explain rationale behind exercising their voting rights in companies from 1st April Market regulator Securities and Exchange Board of India (SEBI) has asked mutual fund (MF)...

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Moneylife Digital Team 21 March 2014
SEBI imposed a penalty of Rs10 lakh on a shareholder of Raj Packaging for failing to disclose around 5% rise in his shareholding in the company Market regulator Securities and Exchange Board of India (SEBI) fined Rs10 lakh penalty on one shareholder of Raj Packaging Industries Ltd (RPIL)...

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Shambo Dey  and   Prachi Narayan 20 March 2014
Class actions aim to minimise litigation by reducing multiplicity of suits, however, the ambiguous provisions leave no option for commoners other than to look up to the courts for clarity and interpretation. This is the concluding part of a three part series The provision for class...

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Moneylife Digital Team 20 March 2014
Cracking the whip, SEBI has directed Jignesh Shah-led Financial Technologies group to offload its direct and indirect holdings in MCX-SX, MCX-SX CCL, DSE, VSE and NSEIL within 90 days Market regulator Securities and Exchange Board of India has ruled that Jignesh Shah-led Financial...

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Moneylife Digital Team 19 March 2014
SEBI banned Karvy Stock Brokers from acquiring new contracts, clients and launching new schemes for six months in matter of irregularities in IPOs during 2003-2005 Market regulator Securities Exchange Board of India (SEBI) has barred Karvy Stock Broking Ltd (KSBL) from taking up new...

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Shambo Dey  and   Prachi Narayan 19 March 2014
In absence of a distinguishing factor, the underlying principle of class action gets frustrated and nullified. The Companies Act, 2013 confers rights upon members and depositors to initiate two proceedings with regard to the same subject matter. This is second part of a three part series

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Moneylife Digital Team 18 March 2014
SEBI barred four promoters of the PG Electroplast for diverting funds, manipulative activities and trading in its own shares during IPO in 2011 Market regulator the Securities and Exchange Board of India (SEBI) has barred PG Electroplast and its four promoters from markets for 10 years...

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Shambo Dey  and   Prachi Narayan 18 March 2014
Class actions under Section 245 of the new Companies Act, 2013 are evidently distinctive and separate and were brought in as additional tool for investor protection. This is first part of a three part series Very generally speaking, class action suit is a lawsuit that allows a large...

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IRDA has asked SBI Life to refund Rs275 crore for collecting premium upfront on a policy, which had two premium payment terms. But why did IRDA approve this product which was cleverly designed to earn hefty commission for SBI?   The Insurance Regulatory and Development Authority...

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Moneylife Digital Team 11 March 2014
During 2006-07 SEBI began a probe into art funds being sold as investment schemes. These left investors with losses. SEBI however found Bajaj Capital to be only into an advisory business with regard to art as an investment   After an over seven-year probe into alleged money-pooling...

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Moneylife Digital Team 11 March 2014
Did Transgene Biotek insiders use structured GDRs as an end game through price manipulation and motivated announcements? We will never know because SEBI refuses to investigate On Monday, Moneylife pointed out, several shareholders of Hyderabad-based Transgene Biotek Ltd are crying foul...

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Moneylife Digital Team 10 March 2014
SEBI, which is preaching to world about corporate governance, has ignored investor complaints about GDR scam and blatant manipulation of Transgene Biotek shares. This is first part of a two-part series Minority shareholders of Transgene Biotek Ltd have alleged misuse of global depository...

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Vishrut Patel 10 March 2014
Although SEBI barred Royal Twinkle Star Club and its directors from collecting money from investors, the company continues to collect money using a new name. Just last week, Moneylife informed SEBI about RTSC’s new avatar Citrus Check Inn Market regulator Securities and Exchange Board of...

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Moneylife Digital Team 05 March 2014
The market regulator approved Mangalore Stock Exchange’s application to wind up its business as an exchange   Market Regulator, Securities and Exchange Board of India (SEBI) has allowed Mangalore Stock Exchange Ltd (MGSE) to exit from the business as Exchange.   As per SEBI...

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Moneylife Digital Team 04 March 2014
Seven fund houses, including ICICI Prudential MF, Reliance MF and UTI MF, which hold 3.93% stake in Maruti Suzuki would approach SEBI over the carmaker's deal with its Japanese parent The stand-off between Maruti Suzuki India Ltd (MSIL) and its investors, especially mutual fund houses,...

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Moneylife Digital Team 27 February 2014
SEBI said it found 34 investor grievances pending against Serene Industries in its online complaint redressal system, SCORES as 19 December 2013 Market regulator Securities and Exchange Board of India (SEBI) has slapped a fine of Rs5 lakh on Serene Industries for the company's alleged...

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