REGULATIONS


Do not ask the investors’ for PAN number, address proof or for any KYC. Just promise huge returns in few months and give 35-40% commission to agents and voila! You can garner any amount of money from people, both educated or uneducated living in urban and rural areas. And don’t worry about...

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Moneylife Digital Team 17 May 2013
Most companies are yet to increase their public holding to the requisite level (25%) and compliance before 3rd June for companies (PSUs have to do it by August) is surely impossible. Probably they do not care at all about the SEBI diktat   Most companies are yet to increase their free...

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The current regulatory system permits NBFCs, banks, insurance companies & lakhs of unregulated entities to easily loot the public India is perhaps the only country that permits anyone to accept money from the public at large, on the basis of promises, mostly unwritten. In most countries,...

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Moneylife Digital Team 08 May 2013
In January, the Central Information Commission directed the market regulator to upload from April onwards information about PMS schemes on its website. Despite assurance from SEBI to the CIC, it has not uploaded any data on PMS for which Moneylife has been fighting a long battle Market...

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In India, we are plagued with a multiplicity of authorities and shadow boxing of regulators in the financial arena. There is an urgent need to place consumer protection at the heart of financial regulation with a stronger Financial Redressal Agency or mechanism Now that our financial...

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Dr SD Israni 03 May 2013
The judgement against Osian is a prime example of SEBI’s slow processes Since the advent of Securities and Exchange Board of India (SEBI), nobody can deny that the capital market has undergone a sea change. Gone are the days when the markets were controlled and manipulated by cliques of...

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Aditi Jhunjhunwala 23 April 2013
As per the October 2011 circular, upon amendment to Clause 41(d) of LA, companies were supposed to file only their audited accounts within 60 days. The April 2012 circular says companies could submit their unaudited results within 45 days and there was no specified period to submit audited...

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Moneylife Digital Team 22 April 2013
SEBI investigations have found that many of these schemes are being used for the purpose of money laundering and to channelize illicit funds into the financial system Amid a countrywide proliferation of fraud investment schemes, the Securities and Exchange Board of India (SEBI) is...

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Dr SD Israni 19 April 2013
SEBI restrains promoters of Zenith Infotech with ad-interim order The more things change, the more they remain the same, if the recent ad-interim order passed by the Securities Exchange Board of India (SEBI) against Zenith Infotech and its promoters is any indication. On 25 March...

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Moneylife Digital Team 17 April 2013
It took the market regulator almost six years to finally take a call on Osian's. Moneylife has been spearheading the campaign for refund of investors’ money Market regulator Securities and Exchange Board of India (SEBI) has finally asked Osian’s-Connoisseurs of Art Pvt Ltd (or Osian's,...

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SEBI recently issued a press release claiming to have busted an organised gang trying to cheat targeted individuals with the false promise of riches. Its claims leave a lot of questions unanswered   On 9th April, the Securities & Exchange Board of India (SEBI) issued a press release...

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Moneylife Digital Team 16 April 2013
The registration has been cancelled for allegedly violating broker norms, including furnishing false details to obtain recognition as a market intermediary, SEBI said in a release The Securities and Exchange Board of India (SEBI) has cancelled the registration of Mudra Bullions Pvt Ltd,...

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Moneylife Digital Team 16 April 2013
The High Level Committee has decided to seek inputs and suggestions from the public, at the outset, on any aspect of the PIT Regulations, which in their opinion may merit a review The Securities and Exchange Board of India (SEBI) has constituted a High Level Committee to review the SEBI...

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Moneylife Digital Team 13 April 2013
After the “preliminary hearing” today, the Securities and Appellate Tribunal posted the matter to 20th April as the counsel for Sahara Group sought adjournment due to medical reasons The Securities Appellate Tribunal (SAT) today adjourned to 20th April its hearing on Subrata Roy's plea...

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Moneylife Digital Team 12 April 2013
As per SEBI’s directions, all trading members of stock exchanges would be required to submit on a continuous basis, the general business and organisation details, key personnel details, subsidiary and associate or group company details, among others   Market watchdog Securities and...

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Moneylife Digital Team 10 April 2013
SEBI's probe found that an investor was receiving calls from agents and brokers of MF and insurance companies asking him to invest more money to get an impressive return on products bought by his deceased son   Market regulator Securities and Exchange Board of India (SEBI) has unearthed...

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Moneylife Digital Team 08 April 2013
While SEBI opposed RIL’s plea saying that it is up to the regulator to decide on acceptance or rejection of a consent application, SAT said it is seeking written submissions from both the parties as it is hearing such a case for the first time The Securities Appellate Tribunal (SAT) on...

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Moneylife Digital Team 06 April 2013
The regulator said an existing stock exchange or new bourse willing to set up a debt segment is required to make an application with SEBI, providing operational, regulatory and any other necessary details The Securities and Exchange Board of India (SEBI) on Friday notified guidelines for...

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Moneylife Digital Team 04 April 2013
The arbitrator will now be selected from a centre-wise common pool through an automated process and all parties will be sent a system-generated text message or email Market regulator Securities and Exchange Board of India (SEBI), starting 1st April, has automated the process of selecting...

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Moneylife Digital Team 04 April 2013
SEBI is looking to find a process which guarantees that tax savers who invested under the RGESS are not affected by matters completely beyond their control, like an NFO failure   Market regulator Securities and Exchange Board of India (SEBI) said it is looking at how the interests of...

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