REGULATIONS


Moneylife Digital Team 07 March 2013
Sahara group chief Subrata Roy has approached the tribunal against a SEBI direction ordering attachment of his personal assets, along with some other top officials of Sahara India Real Estate Corp and Sahara Housing Investment Corp   The Securities Appellate Tribunal (SAT) today...

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Moneylife Digital Team 07 March 2013
The Sahara Group has claimed that the actions taken by SEBI were based on “old facts” and the orders for attaching assets of individuals are incorrect on part of the market regulator The Securities Appellate Tribunal (SAT) will hear an appeal by industrialist Subrata Roy Sahara on...

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Moneylife Digital Team 05 March 2013
In four separate orders dated 28th February, SEBI has imposed a penalty of Rs5 lakh each on Parag Vanijya and Lucky Holdings and Rs3 lakh fine each on Khushi Distributors and Raxon Motor Finance for not submitting complete information required by the regulator The Securities and Exchange...

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Moneylife Digital Team 27 February 2013
According to SEBI, Ashwin C Muthiah (a shareholder of SPIC under the category “promoter and promoter group”) holds 96% of the capital and Valli Ashwin Muthiah holds 4% capital of AMI Holdings The Securities and Exchange Board of India (SEBI) has exempted AMI Holdings from making an open...

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Moneylife Digital Team 22 February 2013
“Anyone transacting with Sahara India Real Estate Corporation, Sahara Housing Investment Corporation and their three promoters and directors would be doing so at their own peril,” market regulator SEBI said Close on the heels of ordering attachment of bank accounts, investments and all...

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Moneylife Digital Team 19 February 2013
A probe by SEBI revealed Balwinder Singh had indulged in executing wash trade/self trades/fictitious trades in the scrip of the company from 1 August 2010 to 31 August 2011 The Securities and Exchange Board of India (SEBI) on Monday imposed a penalty of Rs10 lakh on an individual for...

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Moneylife Digital Team 14 February 2013
A new sub-group carved out within Association of Medical Consultants hopes to achieve uniformity in the common operating practices as well as bring more nursing homes in the cashless network The Association of Medical Consultants (AMC) aims to address the needs of the insurance sector...

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Moneylife Digital Team 11 February 2013
While granting its approval to the request, SEBI said that Diageo will have to pay an interest of 10% per annum for the period of delay to the public shareholders tendering their shares in the open offer UK-based Diageo has requested the market regulator Securities and Exchange Board of...

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Moneylife Digital Team 08 February 2013
A SEBI probe revealed that Chanakya Stock Broking had committed various irregularities like delay in the transfer of securities to the beneficial owner account and created false and backdated records Market regulator Securities and Exchange Board of India (SEBI) has suspended the...

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Moneylife Digital Team 07 February 2013
The apex court also lambasted SEBI for not taking action against the companies—Sahara India Real Estate Corp and Sahara Housing Investment Corp—as per its 31 August 2012 order which had asked it to attach properties and freeze bank accounts of the companies The Supreme Court on Wednesday...

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MDT/PTI 30 January 2013
SEBI alleged that Suzlon had amended its code of internal procedures and conduct for prevention of insider trading on 4 February 2011, after a delay of more than two years   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has disposed off proceedings against...

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Moneylife Digital Team 30 January 2013
While barring Angel Broking, one of the biggest brokerages in the country, SEBI said the occurrence of synchronized deals in a circular manner persistently cannot be said to be a co-incidence as the shares were being rotated intra-day within a closed group and there was no change in the...

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MDT/PTI 30 January 2013
SEBI slapped a fine of Rs2 lakh on Minal Industries for the delay in notifying the stock exchanges about its proposal for declaration of bonus shares and Rs1 lakh fine for failing to disseminate price sensitive information on a continuous and immediate basis   Mumbai: Market regulator...

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MDT/PTI 30 January 2013
SEBI said allegations of breach of various regulations by Dinesh Shyamsing Saini could not be established and therefore he is been absolved of the charges   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has disposed off a case against an individual for his...

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MDT/PTI 30 January 2013
SEBI found that shares of Empower Industries surged from Rs81 to Rs113 during 18 trading days with the total trading volume at 2.17 lakh shares and Kothari had allegedly been party to the circular movement and aided and abetted EIIL promoter-director Devang Master in manipulating the shares

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Dr SD Israni 30 January 2013
SEBI’s consultative paper on corporate governance redefines the role of independent directors The Securities and Exchange Board of India (SEBI) has issued a consultative paper on corporate governance and invited comments from the public. One of the most important aspects of corporate...

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MDT/PTI 29 January 2013
In September 2011, SEBI had restrained KII, a sub-account of Credo Capital, from dealing with securities in the domestic market in the wake of its alleged involvement in manipulating GDRs   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has allowed KII Ltd,...

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MDT/PTI 29 January 2013
Hyderabad Securities and Enterprises may continue to function as any other corporate entity or any other normal broking entity but would not use the expression “stock exchange” or any variant in its name or in its subsidiary’s name   Mumbai: Capital market regulator Securities and...

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MDT/PTI 25 January 2013
The regulator has directed all the market entities to identify the natural person, who, whether acting alone or together ultimately has a controlling ownership interest   Mumbai: The Securities and Exchange Board of India (SEBI) has asked market entities, including stock brokers and...

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Moneylife Digital Team 25 January 2013
The Appellate Tribunal, while pulling up SEBI for its lackadaisical approach, asked the market regulator to issue a show-cause notice to Onelife Capital Advisors within five weeks and pass final order within four months Mumbai: Pulling up the Securities and Exchange Board of India (SEBI)...

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