REGULATIONS


Moneylife Digital Team 07 October 2013
SEBI has spelt out the norms to be followed by the FPIs and their employees while rendering any investment advice through publicly accessible media Overseas investors coming through the newly created foreign portfolio investor (FPI) route would need to disclose their direct and indirect...

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Moneylife Digital Team 07 October 2013
During 2007-09, Prayag Infotech allegedly mobilised Rs341 crore through issuance of preference shares from a large number of people without complying with various provisions of law Market regulator Securities and Exchange Board of India (SEBI) has barred Prayag Infotech Hi-Rise Ltd and...

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Moneylife Digital Team 04 October 2013
During January-December 1998 percentage increase in other scrips varied from 140-340%, whereas DSQ shares zoomed 750% due to misleading statements from the company and its managing director, SEBI said Market regulator Securities and Exchange Board of India (SEBI) has barred DSQ Software...

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Moneylife Digital Team 03 October 2013
These changes are likely to help boost the interest of foreign investors, who tend to prefer clauses like 'right of first refusal, tag-along and drag-along' in their M&A deals Market regulator Securities and Exchange Board of India (SEBI) on Thursday allowed entities entering into merger...

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Moneylife Digital Team 02 October 2013
Stock exchanges will have to take action against promoters of non-complaint companies before suspending their share trading as per the new guidelines from the market regulator Market regulator Securities and Exchange Board of India (SEBI) has asked stock exchanges to take action against...

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Moneylife Digital Team 25 September 2013
According to SEBI, the company planted false announcements in order to create an opportunity for Vinod Baid to offload his shares in the market at inflated prices and generate artificial interest in the scrip of Gennex Lab Market regulator Securities and Exchange Board of India (SEBI)...

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Nivedita Shankar 25 September 2013
The jurisdiction of CLB has been again extended to also include cases pertaining to rectification of register of members on matters other than transfer or transmission pursuant to section 59 of the new Companies Act A revamp of Companies Act, 1956 (the Act, 1956) had been in the making...

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Moneylife Digital Team 23 September 2013
The Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households has been tasked to develop a monitoring framework to track progress of financial inclusion across the country The Reserve Bank of India (RBI) on Monday announced a 13-member Committee,...

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Dr SD Israni 23 September 2013
How important and effective will the role of independent directors be in the view of the new Companies Act? Apublic company is a democratic institution working on the principle of ‘majority rule’. In other words, a promoter group with over 50% of the effective voting power could dictate...

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Prachi Narayan 19 September 2013
The new Companies Act has several provisions for non-bailable offences. What should you know when you get arrested? What are your rights ? And what are the implications of non-bailable offences? The Companies Act, 2013 (the Act) has brought in extensive changes with the objective to...

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Moneylife Digital Team 17 September 2013
While prohibiting NBFCs from issuing misleading, the central bank asked them to value gold jewellery accepted as collateral at the average of closing price of 22-carat gold in past 30 days Seeking to keep the demand for gold under check, the Reserve Bank of India (RBI) has tightened the...

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Regulators pretend all is well, in response to the most glaring violations we report A few weeks ago, the Securities & Exchange Board of India (SEBI) decided to break its established practice of responding to the media only through its communications department and sent us an aggressive...

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Moneylife Digital Team 16 September 2013
The new norms would help in encouraging entrepreneurship in India by financing small start-ups at a stage where they find it difficult to obtain funds from traditional sources of funding such as banks or financial institutions   Market regulator Securities and Exchange Board of India...

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In a response to a Moneylife RTI, the Ministry of Finance has revealed that Rs4.72 crore of taxpayer’s money was spent on the members of the Financial Sector Legislative Reforms Commission-FSLRC. It is time to standardise compensation norms of those who provide policymaking inputs A...

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Moneylife Digital Team 12 September 2013
SEBI's measures come at a time when concerns are being raised about outflows of foreign capital and weakening of the rupee against the dollar and other foreign currencies Market regulator Securities and Exchange Board of India (SEBI) will soon notify new rules to make it easier for...

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Nivedita Shankar 12 September 2013
By mandating vigil mechanism for companies with borrowing of Rs50 crore, the Ministry has unnecessarily regulated such companies which may in nature be closely held companies, in which such a need may not arise at all In what had been only recommended for listed companies, the Companies...

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Moneylife Digital Team 11 September 2013
SEBI has barred 34 entities, including Sunil Mehta, from markets for synchronised trading, creation of artificial volumes and price manipulation in scrips of eight companies Market regulator Securities and Exchange Board of India (SEBI) has barred 34 entities from the securities market...

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Nidhi Ladha 11 September 2013
The new Companies Act has enhanced scope of auditors by mandating internal audit for such class of companies as may be specified, while by imposing civil liability on the auditors, the Act requires auditors to be more cautious and careful while auditing Following the trend in the US,...

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Moneylife Digital Team 11 September 2013
In response to Moneylife campaign for better disclosure of PMS data, a SEBI official has written to us defending the regulator’s stance. Here are the watchdog’s arguments, and our rebuttal For nearly two years, Moneylife has battled the regulator to get information on the performance of...

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Moneylife Digital Team 10 September 2013
The Lucknow Bench of the Allahabad High Court also directed union and state government to apprise the Court about what has so far been done in the matter of issuance of Sahara Q Shop bonds or advances   The Lucknow Bench of the Allahabad High Court on Monday issued notice to market...

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