REGULATIONS


MDT/PTI 03 October 2012
According to IRDA chairman, the insurance company would have to assess the health risks of a policyholder at the time of selling the policy and not at the time of renewal   New Delhi: Insurance Regulatory and Development Authority (IRDA) will soon come out with guidelines to prevent...

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MDT/PTI 03 October 2012
Both BSE and NSE have accordingly directed all market entities to initiate submission of suspicious transaction reports or STUs directly on the new FIU gateway and ensure compliance to the SEBI directive New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has asked...

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While we laud SEBI for the dogged pursuit of the Saharas, which issued over Rs17,500 crore worth of OFCDs, the regulator is strangely silent about Osian Art Fund. As we go to print, the Securities & Exchanges Board of India (SEBI) is moving the Supreme Court with an application to say...

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MDT/PTI 02 October 2012
IRDA, in consultation with insurers, will identify or design certain standard products which can be used by the industry under Use and File system   New Delhi: Insurance Regulatory and Development Authority (IRDA) will come out with a new policy to accord automatic clearance to the...

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MDT/PTI 02 October 2012
SEBI investigation revealed that Platinum Corp allegedly made certain false, misleading corporate announcements, subsequently, the company's share price jumped by 107% during July- September 2005   Mumbai, Oct 1 (PTI) Market regulator Securities and Exchange Board of India (SEBI) has...

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MDT/PTI 02 October 2012
The Financial Sector Legislative Reforms Commission, headed by former justice BN Srikrishna, has also suggested setting up of a financial redressal agency or FRA to address consumer complaints   New Delhi: Suggesting far-reaching legislative reforms in the financial sector, a...

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Selling of wrong products After the crash of 2008, there was a massive exodus of investors from capital market-based products. It was subsequently revealed that the worst of value destroying and toxic products were hard-sold by banks and market intermediaries to gullible investors. Debt...

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MDT/PTI 01 October 2012
SEBI had imposed the fine on India Infoline after finding that the brokerage firm had allowed one Sunil Mehta to trade on behalf of his mother Usha Mehta without authorisation Mumbai: The Securities Appellate Tribunal (SAT) upheld a penalty of Rs5 lakh imposed by market regulator...

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MDT/PTI 01 October 2012
As per SEBI's guidelines, the single plan structure would apply to all new schemes with effect from today while existing schemes with multiple plans (based on investment amount) can accept fresh subscriptions only under one plan New Delhi: Mutual funds will stop accepting fresh...

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MDT/PTI 28 September 2012
Reebok India, in May, had filed an FIR, alleging that its former MD Subhinder Singh Prem and CEO Vishnu Bhagat were involved in a Rs870-crore fraud by indulging in “criminal conspiracy” and “fraudulent practices” over a period of time   New Delhi: The Serious Fraud Investigation...

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MDT/PTI 27 September 2012
Both Ghelani and Rathod executed synchronised trades in the scrip of Era Construction and indulged in creation of artificial volume in 2004   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has imposed a total penalty of Rs12 lakh on two entities for alleged...

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MDT/PTI 27 September 2012
RBI said NRIs can invest in an Indian company at the face value of shares or debentures subject to compliance with FDI scheme   Mumbai: The Reserve Bank of India (RBI) has said non-residents, including non-resident Indians (NRIs) can make investment in an Indian company at the face...

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MDT/PTI 27 September 2012
The central bank would consider financial restructuring proposals submitted by UCBs, involving conversion of deposits into equity/IPDI, even if the networth of the bank does not become positive after such conversion of deposits, provided the depositors agree voluntarily for such...

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MDT/PTI 27 September 2012
SEBI decided that Value at Risk margin computation for ETFs that track an index shall be computed as higher of 5% or three times sigma of the ETF, in order to bring efficiency in margining of index ETFs New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has...

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MDT/PTI 27 September 2012
The changes, which would come into effect from next month, allows fund houses to charge investment and advisory fees on their schemes and levy brokerage and transaction costs   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) on Wednesday notified wide-ranging...

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MDT/PTI 27 September 2012
SEBI filed an application alleging that the Sahara Group has not furnished all documents in their custody to the regulator by 10th September New Delhi: Market Regulator Securities and Exchange Board of India (SEBI) on Wednesday approached the Supreme Court accusing the Sahara Group of...

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MDT/PTI 26 September 2012
The Supreme Court sent notices to Centre and UK Sinha to file replies on alleged irregularities in Sinha's appointment as SEBI Chairman. The Court also impleded Omita Paul following allegations that she bent rules to facilitate Sinha's appointment   New Delhi: The appointment of UK...

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MDT/PTI 26 September 2012
SEBI said all 40 self certified syndicate banks should provide ASBA facility at their branches by December-end   New Delhi: Market regulator Securities and Exchange Board of India (SEBI) has asked banks, authorised to accept application supported by blocked amount (ASBA) forms wherein...

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MDT/PTI 26 September 2012
SEBI barred Chandra Financial Services, Kundan Leasing & Finvest, Jay Investrade and Maruti Securities besides three individuals -- Harsh Shirish Maniar, Jay Shirish Maniar and K Varadarajan from stock markets for allegedly indulging in unfair trade practices   New Delhi: Securities...

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Moneylife Digital Team 25 September 2012
  If the Nifty closes below 5,615, the index may go sideways    The market closed flat with a positive bias in the absence of any local cues and on fresh concerns from Europe. Today the Nifty moved almost in the same range as yesterday. However, it ended with marginal gains. If...

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