REGULATIONS


Moneylife Digital Team 01 September 2015
The Reserve Bank has brought out draft guidelines for banks adopting marginal cost of funds methodology while calculating base rates, which it thinks are more sensitive to changes in policy rates   The Reserve Bank of India (RBI) on Tuesday, released draft guidelines on base rates for...

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SAT upholds SEBI’s order asking the company to refund money to investors   In another step towards unravelling the mind-boggling Rs49,100 crore raised by PACL Ltd through a collective investment scheme (CIS), on 18th August, the Securities Appellate Tribunal (SAT) has upheld SEBI’s...

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IANS 31 August 2015
India's food safety watchdog on Monday notified the draft norms for regulating microbes in meat and meat products, and said they would come into force after 60 days of it being published in the official gazette.   It also invited stakeholders to file their comments and objections...

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Moneylife Digital Team 26 August 2015
The appointment will be based on the recommendation from the Search-cum-Selection Committee. However, the Committee is free to identity and recommend any other person who has not applied for the post     The Central Government has started the process to select new Chairman for market...

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IRDAI has come out with norms for insurance advertisement. While the changes will help improve transparency, ‘buyers beware’ will still apply in insurance buying   The Insurance Regulatory and Development Authority of India (IRDAI) has issued fresh norms on insurance advertisements to...

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TruthInAdvertising.org 26 August 2015
Lawsuit alleges retirees were duped into borrowing against pensions   A lawsuit filed last Thursday by state and federal regulators in the US against two pension advance companies alleges that the online services misled military veterans and others by duping them into borrowing...

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Moneylife Digital Team 25 August 2015
While asking Royal Twinkle Star Club and its directors not to collect money from investors, SEBI refused to lift the ban on Citrus Check Inns, the new avatar of RTSC    Market regulator Securities and Exchange Board of India (SEBI) has directed Royal Twinkle Star Club Ltd (RTSC) and...

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Moneylife Digital Team 25 August 2015
SEBI asked Aspen Projects to refund money it collected from investors with an interest of 15%   Market regulator Securities and Exchange Board of India (SEBI) has asked Kolkata-based Aspen Projects India Ltd (Aspen Projects) and its directors to refund money, the company had illegally...

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Moneylife Digital Team 25 August 2015
SEBI found that AGIL had garnered over Rs92 lakh from nearly 1,100 investors through redeemable preference shares   Market regulator Securities and Exchange Board of India (SEBI) has directed Aditya Global Industries Ltd (AGIL), formerly known as Angels Agro Industries, to refund in...

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IANS 24 August 2015
In a statement, the SEBI said its board was apprised of the representations received from industry bodies/law firms and others on the subject matter and noted the guidance note under the insider trading regulations clarifies that exercise of ESOPs is not considered as "trading" for the...

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Moneylife Digital Team 24 August 2015
The SEBI Board approved draft amendment to regulations that would be notified on 28th September for repealing of FCRA, necessary for merger of FMC with the market regulator    Market regulator Securities and Exchange Board of India (SEBI) has approved draft amendment to regulations...

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Moneylife Digital Team 21 August 2015
SEBI said Eminence Infraproject collected Rs39.33 lakh from 331 investors by offering 'redeemable preference shares' during 2010-2013   Market regulator Securities and Exchange Board of India (SEBI) has barred Eminence Infraproject Ltd and the company directors, Somenath Banerjee, Apu...

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Moneylife Digital Team 19 August 2015
The company was engaged in fund mobilising activity through the issue of Redeemable Preference Shares, to more than 49 persons, without complying with the relevant provisions of the Companies Act, 1956, according to a SEBI Order   SEBI passed an order on 13 August 2015 on Magnox...

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Insurers asked to ensure option is specified at inception of pension products   Pension products have an accumulation phase followed by annuity phase. This is the reason it is called ‘deferred annuity’. The Insurance Regulatory and Development Authority of India (IRDAI) has asked life...

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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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