REGULATIONS


British banks and financial institutions were asked to shell out £1.3 billion in compensation for mis-selling insurance from Card Protection Plan. What lessons can we learn from this episode?   In a first of its kind, the UK regulator had, in November 2012, imposed the largest...

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Moneylife Digital Team 10 September 2013
The commodities market regulator would now be controlled by the Finance Ministry instead of Consumer Affairs Ministry   Commodity markets regulator, Forward Markets Commission (FMC), will now be under the administrative control of the Finance Ministry. With this, all the financial...

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No Regulation, No Penalties One issue that gets minimal media coverage in India is that of ‘paid news’. The trading of awards, honours and gushing media coverage in return for fat sponsorship fees and advertisement campaigns is already very brazen, but it does not bother the political...

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Sucheta Dalal, Debashis Basu &Jason Monteiro 06 September 2013
The new Companies Bill and the Ordinance to amend the SEBI Act will create a monumental combined impact. Will the average saver benefit? Some 50 years after independent India enacted the Companies Act, a new Bill is ready to deliver a new and modern statute. Separately, exactly 25 years...

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Moneylife Digital Team 05 September 2013
Having predicted the 2008 financial crash and been involved with the financial sector closely since then the RBI governor surely knows that the West has made consumer financial protection a centrepiece of financial sector regulation. How about setting the ball rolling in that direction in India...

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Moneylife Digital Team 04 September 2013
After taking over charge as governor, Rajan said RBI actions will be at measured pace given the current market turmoil Raghuram Rajan has assumed charge as the 23rd Governor of the Reserve Bank of India (RBI) from D Subbarao. "This is not an easy time; the economy faces challenges. Our...

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Moneylife Digital Team 04 September 2013
In an attempt to curb volatility, SEBI has modified the limits of the circuit filter of indices, which will now be calculated on a daily basis instead of on a quarterly basis Market regulator Securities Exchange Board of India (SEBI), has modified the circuit filter mechanisms for stock...

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The new governor of RBI, who rose to fame when he predicted the US crisis, has a lot of work to do in cleaning up the economic mess in India.  Here is a list of things that Raghuram Rajan must do now to restore stability in the Indian economy Raghuram Rajan, the new governor of Reserve...

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Moneylife Digital Team 03 September 2013
SEBI noted that Maitreya Plotters had launched a scheme towards booking or purchase of plot of land and invited investment from public, on promise of allotment of land Market regulator Securities and Exchange Board of India (SEBI) has barred Maitreya Plotters and Structures Pvt Ltd and...

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Moneylife Digital Team 30 August 2013
SEBI said, OCAL fraudulently diverted Rs35.25 crore from the IPO proceeds to Fincare, Precise and KPT, who were found to be acting hand in glove with the company Market regulator Securities and Exchange Board of India (SEBI) has directed Onelife Capital Advisors Ltd (OCAL) and its...

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Moneylife Digital Team 30 August 2013
Subbarao said the new CPI has only 19 data points which is not sufficient for a statistically robust analysis as the central bank need to develop a series of producer price indices that will help gauge how price momentum builds up in the economy Reserve Bank of India (RBI) governor D...

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Moneylife Digital Team 26 August 2013
The market regulator is also framing a new set of norms to enable it to conduct search and seizure operations and recover unlawful gains through disgorgement orders Market regulator Securities and Exchange Board of India (SEBI) has started the process of framing new regulations and...

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Moneylife Digital Team 21 August 2013
The new proposals that would be carried out through amendments in Clause-41 of the listing agreement include mandatory disclosure of half-yearly consolidated results in case of 20% or more variation in revenue, assets, liabilities, profits or losses Market regulator Securities and...

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Moneylife Digital Team 21 August 2013
SEBI debarred two ‘unregistered experts’ after it found the duo offering intraday tips, stock advisory services to investors through SMS and promising daily earnings between Rs5,000 to Rs75,000 Market regulator Securities and Exchange Board of India (SEBI) after noticing that certain...

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Moneylife Digital Team 13 August 2013
SEBI decided to heavily penalise unregistered collective investment schemes, or the so-called Ponzi or MLM schemes Market regulator Securities and Exchange Board of India (SEBI) has decided  to heavily penalise unregistered collective investment schemes, or the so-called Ponzi or...

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Moneylife Digital Team 12 August 2013
Two of these three banks are from Switzerland and one is from the UK. SEBI suspects that some portfolio managers at these banks could have helped their Indian clients to route their money back into India in disguise of foreign funds Market regulator Securities and Exchange Board of India...

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Moneylife Digital Team 08 August 2013
Just last month, the government had promulgated an ordinance amending the securities law that would provide more powers to SEBI and plans to introduce a new bill to replace the ordinance in the ongoing Monsoon session The Indian government on Thursday withdrew a bill to amend the...

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Virendra Jain 06 August 2013
Under the new ordinance, SEBI becomes an absolute power in ‘settling’ defaults and is not accountable to any authority. Do these powers have legal sanctity? Market regulator Securities and Exchange Board of India (SEBI) was conferred unchallengeable powers through an ordinance on 18 July...

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Moneylife Digital Team 29 July 2013
While an independent consultant recently suggested to SEBI that it increase the headcount by more than 50% within 2-3 years, the regulator now aims to expand its workforce at a faster pace Having been given greater authority to take on market manipulators and fraudulent schemes, the...

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Moneylife Digital Team 22 July 2013
The amendments have made it clear that SEBI would have powers to pass orders against any person who has made profit or averted loss by indulging in any transaction or activity in contravention of the provisions of the SEBI regulations In a major upgrade of powers given to the Securities...

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