REGULATIONS


Delhi High Court allows Midas Touch Investors Association to be impleaded into the public interest litigation against SEBI’s artibrary Consent Orders   Despite strenuous objections by the Securities & Exchange Board of India (SEBI) the Delhi High Court has allowed Midas Touch...

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If cases relating to important scams can languish for 12 years, isn’t it proof that SEBI has failed its basic mandate? At the end of July, the Securities Appellate Tribunal (SAT) let off the brokerage firm Subhkam Securities Pvt Ltd in a case pertaining to trading in the shares of Mascon...

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Moneylife Digital Team 09 August 2012
The former Secretary calls for senior functionaries at SEBI and RBI to make public disclosure of their salaries and an annual declaration of their assets, in accordance with the spirit of Article 19 of the constitution which confers on the citizen the right to know about various public...

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The gross corporate misdemeanors reported by Indian and overseas financial analysts make it imperative to revisit the process of appointment of independent directors and auditors—statutory and internal   The CBDT (Central Board of Direct Taxes) chairman-headed report on black money...

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Moneylife Digital Team 08 August 2012
The market regulator has sent a routine, post-office like acknowledgement, even after writing to its chairman, which ensured that SEBI can wash its hands off any responsibility of responding It is an open secret that market regulator Securities and Exchange Board of India (SEBI), time...

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MDT/PTI 07 August 2012
The draft guidelines of IRDA pertain to participation of insurers in repo and reverse-repo operations in government securities and corporate debts   New Delhi: The Insurance Regulatory and Development Authority (IRDA) has came out with three draft guidelines with a view to giving...

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MDT/PTI 06 August 2012
Nearly a year after the final listing guidelines were issued for life insurance players, none of the 10-odd insurers who are eligible for public float have got listed so far and now IRDA is issuing norms for non-life players   Mumbai: Insurance Regulatory and Development Authority...

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MDT/PTI 06 August 2012
The approvals would allow MCX-SX to expand its offerings in the currency derivatives segment by introducing currency options in the USD-INR currency pair   New Delhi: MCX Stock Exchange (MCX-SX) has said it has received approvals from market watchdog Securities and Exchange Board of...

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MDT/PTI 31 July 2012
BSE said these 52 companies ceased to fulfil eligibility criteria and hence would not be available for trading in the securities lending and borrowing or SLB segment    Mumbai: The BSE said it will exclude 52 stocks including Oil India, Essar Oil and MRPL from trading in securities...

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MDT/PTI 30 July 2012
SEBI is looking into the possibility of brokers being used as front entities by some foreign investors, HNIs financiers and even company promoters   New Delhi: Some little-known brokers have come under the scanner of market watchdog Securities and Exchange Board of India (SEBI) for...

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MDT/PTI 27 July 2012
The apex court issued notice to union government on a PIL challenging Finance Minister's power to nominate two members in the search and selection board for appointment of SEBI chairman and full time members New Delhi: The Supreme Court on Friday issued notice to the Centre on a public...

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Some operator-driven stocks in the F&O segment have crashed in response to SEBI’s decision to change the norms. Why had NSE added a bunch of dubious stocks to the F&O list that was open to manipulation and why is BSE silent about manipulation in hundreds of obscure companies? The answer is...

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Moneylife Digital Team 26 July 2012
The panel recommended that general insurance companies proposing to come out with IPOs should disclose the “claims arising out of catastrophic losses, which could impact the profitability or cash flow of the insurance companies.” Mumbai: Clearing the decks for the Insurance Regulatory...

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Media has faithfully reported SEBI’s decision to change F&O eligibility criteria as a move to curb manipulation. But nobody has asked what was NSE doing all this while? Moneylife has highlighted brazen manipulation in creating the F&O list several times in the past On Tuesday market...

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Shares with a minimum trading volume of Rs10 lakh and market wide position limit or market capitalisation of Rs300 crore would be eligible for entry into the Future and Options segment   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has hiked the benchmark...

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Moneylife Digital Team 18 July 2012
SEBI wants brokers and investors to give an undertaking that they have no connection with the company in which the investor wants to invest his hard earned money Just two days ago, regulators including Securities and Exchange Board of India (SEBI), released the draft “National Strategy...

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MDT/PTI 16 July 2012
The draft “National Strategy for Financial Education” seeks to create a “financially aware and empowered India” and convert savers into investors over five years Mumbai: Financial sector regulators, including Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) and...

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Being frustrated by the lack of opportunities to grow in the organisation, SEBI’s VRS scheme is used by good officers to exit and join stock exchanges or market intermediaries In April 2012, SEBI offered a voluntary retirement scheme (VRS) for employees above 40 years who had completed...

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The CIC said argument offered by SEBI official that the disclosure would impede the process of the quasi-judicial proceedings is neither supported by any evidence nor tenable   New Delhi: The Chief Information Commissioner has directed the Securities and Exchange Board of India (SEBI)...

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The trade repositories will be launched in phases, starting with inter-bank forex forwards and swaps in the US dollar-rupee pair, and then go on to other areas Mumbai: The Clearing Corp of India (CCIL) on Monday launched a trade repository for over the counter (OTC) foreign exchange...

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