REGULATIONS


Politically-connected Alchemist group under regulatory fire   Troubles seem to be raining on the once politically powerful Kanwar Deep Singh (KD Singh), a politically powerful member of parliament (MP) in the Rajya Sabha representing the Trinamool Congress. He is also the owner of...

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Moneylife Digital Team 12 August 2015
The company was engaged in fund mobilising activity through issue of Secured Redeemable Debentures to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956 and provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008, according...

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Moneylife Digital Team 12 August 2015
The company was engaged in fund mobilizing activity through issuance of Preference Shares, to more than 49 persons, without complying with the relevant provisions of the Companies Act, 1956, according to a SEBI Order   SEBI has passed an order on Rising Agrotech and its directors...

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Moneylife Digital Team 12 August 2015
Companies are presenting shareholders with ‘enabling resolutions’ that are vague and opaque to provide literally no material information to investors, says IiAS in an advisory   As the market regulator SEBI and the Ministry of Corporate Affairs (MCA) continue to debate the alignment...

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IANS 11 August 2015
On January 1, the Delhi government had banned the operation of app-based cab services till they complied with the guidelines of the Radio Taxi Scheme of 2006 which was amended on December 26, 2014   The Delhi High Court on Tuesday dismissed app-based cab service provider Ola's plea...

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IANS 06 August 2015
Amid ruckus and disruptions in the Rajya Sabha, the government on Thursday moved a bill to amend the Prevention of Corruption Act making the giving of bribe also a crime along with receiving it.   The bill, introduced in the Rajya Sabha in 2013 and subsequently sent to a...

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Venkatachari Jagannathan (IANS) 06 August 2015
The criteria whether the promoter(s) are 'fit and proper' is one of the fundamental criteria while licensing an insurance company   India's insurance regulator has not come across any concern relating to Sahara Life Insurance Company Ltd even though SEBI has cancelled the licence of...

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IANS 06 August 2015
The Securities Exchange Board of India (SEBI) on Wednesday barred Kolkata-based Alchemist Capital Limited (ACL) and its directors from accessing the securities market and ordered the company to return the investors' money.   SEBI received information from the Registrar of Companies...

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Can’t we stop trademarks and names that mislead unsuspecting consumers?    A positive effect of the draconian and, probably, ill-conceived action against Maggi noodles may be enhanced consumer awareness about harmful additives, colours and carcinogens that go into the snacks and...

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Smart definitions by RBI’s Deputy Governor SS Mundra, but we are struggling for solutions   Financial literacy—and how to tackle it—remains a major concern for regulators in India. The challenge is to get people to understand the many money-traps before they lose a chunk of their...

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IANS 04 August 2015
The government has recovered over a quarter of the penalty imposed on Reliance Industries Ltd for shortfall in gas production from the RIL consortium-operated KG basin fields in the eastern offshore, parliament was told on Monday   Petroleum Minister Dharmendra Pradhan told the Lok...

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IANS 04 August 2015
A day before the Reserve Bank of India's scheduled monetary policy review, the government on Monday clarified it was not trying to curtail the central bank's powers on this issue.   "We are in discussion with RBI Governor Raghuram Rajan on the form and manner of the monetary policy...

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While Indians will face the consequences of a draconian law, ‘foreign money’ gets to hide as faceless Participatory Notes   In 2007, Prof R Vaidyanathan (of IIM Bengaluru) wrote in The Hindu Business Line that Participatory Notes (PNs) had “created a storm in the stock market, with...

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Moneylife Digital Team 01 August 2015
SEBI has asked these 15 persons or entities to provide, within seven days of this order, a full inventory of all their assets and properties and details of all their bank accounts, demat accounts and holdings of shares or securities   Market regulator Securities and Exchange Board of...

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Moneylife Digital Team 01 August 2015
Some unlisted companies are luring retail investors by issuing securities including NPS, NCDs in the garb of private placement, warns SEBI while issuing a list of 193 such entities   Market regulator Securities and Exchange Board of India (SEBI), while warning investors about...

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IANS 01 August 2015
West Bengal tops the list of states with companies under investigation both in the last fiscal as well as the current one   In its crackdown on corporate fraud and chit fund scams, the government has, during the last three years and current year, ordered investigations of 145...

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The government should not further delay a revamp of the policy relating to recruitment, training, placement and compensation strategies    A newspaper report earlier this month says, “To ensure uniform minimum wages across the country, the Centre has hiked the national floor level...

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The Delhi government on Thursday decided to formulate a comprehensive policy for protecting witnesses, an official said.   "The policy envisages categorisation of witnesses, creation of witness protection fund, procedure for processing such requests by the competent authority and the...

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The central government on Thursday said states and union territories will be penalised for any delay in transfer of funds to the local bodies under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT).   "States and UTs shall release the central assistance along with the...

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The unprecedented hearing held at the Supreme Court past 3 a.m. on Thursday, in which 1993 Mumbai blasts convict Yakub Memon's last ditch attempt to avert his execution was rejected, was the first of its kind in the apex court's history and has been generally appreciated by the legal...

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