REGULATIONS


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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MDT/PTI 25 January 2013
SEBI said the debt segment would provide separate trading, reporting, membership, clearing and settlement rules Mumbai: Continuing with its efforts to develop the country's corporate debt market, Securities and Exchange Board of India (SEBI) issued elaborate guidelines for setting up a...

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Moneylife Digital Team 24 January 2013
Parklight Securites and Parklight Investments have been pulled up many times in the past for price manipulation, yet in a recent order, the Securities and Exchange Board of India, lets off the directors with just a warning and suspends Parklight Investments for just a week Parklight...

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MDT/PTI 24 January 2013
SEBI has also directed all market intermediaries to comply with the various guidelines related to ASBA facility Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has asked merchant bankers and intermediaries to ensure that disclosures made in all offer documents...

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MDT/PTI 24 January 2013
SEBI slapped a fine of Rs2 lakh on one Dimple Shah and another Rs3 lakh on Piyush Shah for manipulative and deceptive trading which led to creation of artificial demand and a false appearance of trading in the shares of BGSL Mumbai: Market regulator Securities and Exchange Board of...

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MDT/PTI 23 January 2013
The probe relates to a sharp plunge of 20%-26% in the shares of Parsvnath, Tulip Telecom, Glodyne Technoserve and Pipavav Defence & Offshore on 26th July on the BSE and NSE Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has said the restraining order on Ramkripa...

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Moneylife Digital Team 22 January 2013
SEBI has finally come up with its Investment Advisor Regulations, but what will these regulations achieve with a long list of entities and products that are outside the scope of regulations? The Securities and Exchange Board of India (SEBI) has finally announced its regulations to...

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SEBI wants exams to qualify persons to be independent directors. This will put off the best candidates. Will the Companies Bill 2012, together with recommendations of SEBI’s consultative paper on corporate governance, make it unattractive to be an independent director (ID)? Yes. But our...

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The regulator follows a disclosure based system for investors but is very cagey about sharing information about itself Twenty years ago, the Securities & Exchange Board of India (SEBI) adopted disclosure-based regulation and the dictum of ‘caveat emptor’ or ‘investor beware’ prevailed....

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MDT/PTI 22 January 2013
Raj Investments had reduced its stake in Global Boards (now Metroglobal) by 11.87% in 2005 but failed to make the mandatory disclosures   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has imposed Rs4 lakh in penalty on Raj Investments, a former promoter firm...

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MDT/PTI 22 January 2013
The scrips which could now be shifted to rolling settlement are Elder Projects, Risa International, Mapro Industries, Surya Industrial Corporation, Croitre Industries and Anandam Rubber Company   Mumbai: Market regulator Securities and Exchange Board of India (SEBI) said the stock...

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MDT/PTI 22 January 2013
SEBI had conducted a probe with regard to the various price sensitive disclosures made by Suzlon between 3rd November and 2nd December 2009. The investigations revealed that Bakshi had indulged in opposite transactions in Suzlon shares   Mumbai: Market regulator Securities and...

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Mandating mindless reporting and training rules to ensure good governance is not a substitute for effective enforcement The new consultative paper from the Securities and Exchange Board of India (SEBI) seeking to review corporate governance norms, issued on 4th January, would normally...

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MDT/PTI 19 January 2013
The Supreme Court has asked the market regulator to facilitate the refund, amounting to thousands of crores of rupees, after ascertaining the genuineness of about three crore investors from whom the companies had raised money through bonds Chennai: Market regulator Securities and...

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MDT/PTI 18 January 2013
SEBI in its board meeting today decided to abolish the 25% margin money requirement for entities bidding through the auction route. It has also said that indicative prices during Offer for Sale (OFS) or auction route, should be disclosed throughout the trading session Chennai: To make it...

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MDT/PTI 18 January 2013
“We have received confirmation from the government that it is very keen to complete the transactions with regard to public sector undertakings (PSUs) and they will not be seeking any extensions,” SEBI chairman UK Sinha told reporters here after its board meeting Chennai: Market regulator...

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