REGULATIONS


Moneylife Digital Team 28 February 2015
The proposed merger of FMC with SEBI would help streamline the monitoring of commodity futures trading and curb wild speculations, Jaitley said    In a significant move, the Union Government Saturday said commodities market watchdog Forward Markets Commission (FMC) will be merged with...

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Sree Iyer 28 February 2015
SEBI and RBI have ensured that NRIs are put through many hurdles before they can invest in Indian stocks. A first-person account of the pains   I have lived about half of my life in the United States and the other, in India where I was born. Growing up in a Socialistic country, it was...

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CS Nivedita Shankar 27 February 2015
Between April-December 2014, new companies incorporated have dropped by over 40%. By subjecting private companies to restrictions on lending, restrictions on dealing with related parties, the new Companies Act has completely throttled the need to ease doing business in India    The...

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Moneylife Digital Team 26 February 2015
The penalty shall be paid by way of a duly crossed demand draft drawn in favour of “SEBI- Penalties Remittable to Government of India” payable at Mumbai within 45 days, according to the SEBI Order   Sudipti Estates and 32 others were fined Rs33 crore collectively, by a SEBI Order in...

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Moneylife Digital Team 26 February 2015
The penalty shall be paid by way of a duly crossed demand draft drawn in favour of “SEBI- Penalties Remittable to Government of India” payable at Mumbai within 45 days   SEBI imposed Rs52 crore fine on DLF and seven others in an adjudication order. The following table gives the extent...

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Moneylife Digital Team 26 February 2015
ISIS had already been declared banned in India under a UN Schedule. The recruitment of youths from India and their radicalisation in ISIS is a matter of serious concern for the country   India on Thursday decided to ban terrorist group Islamic State of Iraq and Syria (ISIS) and all...

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Several thousand investors left in the lurch   There was a time, in India, when the mandarins in government thought that the cult of investing in equity could be encouraged if stock exchanges were located close to investors. As a result, stock exchanges got established in different...

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Moneylife Digital Team 24 February 2015
Kolkata-based Basil International as well as its promoters and directors have also been asked to refund money collected, with returns that were promised to the investors   Market regulator Securities and Exchange Board of India (SEBI) has imposed a four-year ban on Kolkata-based Basil...

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Moneylife Digital Team 23 February 2015
President Mukherjee said the government will focus on simplification of official procedures and reduce the decision-making levels by leveraging technology    President Pranab Mukherjee on Monday said India has emerged as the fastest growing large economy with an estimated growth rate...

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Moneylife Digital Team 19 February 2015
The apex court also directed Setalvad and her husband Javed Anand to provide Gujarat police all documents, vouchers and list of persons who gave donations to their NGOs   The Supreme Court on Thursday directed Gujarat Police not to arrest social activist Teesta Setalvad and her...

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Moneylife Digital Team 18 February 2015
SEBI has asked HBN Dairies & Allied to submit proof including trail of funds, bank statements to support its contention that it has refunded the monies to its investors. SEBI would also initiate attachment and recovery proceedings under the SEBI Act and rules and regulations   Market...

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Moneylife Digital Team 17 February 2015
ATM Agro illegally collected Rs1.86 crore through issuance of redeemable preference shares to 1,223 investors, says SEBI    Market regulator Securities and Exchange Board of India (SEBI) has restrained ATM Agro Industries India Ltd from mobilising funds from investors. Further, the...

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Moneylife Digital Team 17 February 2015
To check market manipulation through penny stocks, the market regulator wants stock exchanges to create a new group T+ for scrips that are found to be prone to market manipulation   Market regulator Securities and Exchange Board of India (SEBI) would soon ask stock exchanges to create...

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Moneylife Digital Team 17 February 2015
SEBI found that 55 entities had indulged in synchronised trading on numerous occasions thus creating artificial volume in the scrip of Well Pack Papers   Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3.03 crore on 56 entities, including...

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Moneylife Digital Team 16 February 2015
SEBI said Suvidha Land Developers collected Rs2.16 crore from investors by issuing preference shares during 2013-14   Market regulator Securities and Exchange Board of India (SEBI) has asked Suvidha Land Developers India Ltd not to mobilise any fresh funds from investors.  Further,...

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Moneylife Digital Team 16 February 2015
SEBI has restrained the company and its 10 promoters, directors from any further fund mobilising activity and from accessing the securities market    Market regulator Securities and Exchange Board of India (SEBI) directed Sukhchain Hire Purchase Ltd, not to mobilise funds from...

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Moneylife Digital Team 16 February 2015
The market regulator also barred, promoters and directors of Shah Group Builders from accessing the securities market and further prohibited them from buying, selling or otherwise dealing in securities   Market regulator Securities and Exchange Board of India (SEBI) has prohibited...

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The proposed Maharashtra Guarantee of Public Services Act aims to provide transparency, efficiency and timely public services. It was hoped that the Act would further strengthen the RTI Act. Does the proposed Act, now put up for public consultations, live up to people’s expectations? Excerpts...

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Moneylife Digital Team 12 February 2015
According to the ratings agency, the CCCB guidelines provide RBI with a tool to compel banks to conserve capital and moderate their balance sheets during periods of fast credit growth   The recent guidelines issued by Reserve Bank of India (RBI) on countercyclical capital buffer...

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Moneylife Digital Team 10 February 2015
Shree Pushkar Chemicals and Fertilisers plan to raise Rs75 crore while coal washing company ACB India would sell shares held by Pineridge Investment, Ashok Mrig and Ganesh Chandra Mrig   Market regulator Securities and Exchange Board of India (SEBI) has given its approval for initial...

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