INVESTOR ISSUES


In a significant ruling granting major relief to all the housewives in the country, the Income Tax Appellate Tribunal (ITAT), Agra bench consisting of Judicial Member Lalit Kumar and the Accountant Member Dr Mitha Lal Meena has ruled that cash deposit made by the housewives during the...

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Updated at 10.30 am on 22 June 2021 to add clarification from Catalyst Trusteeship   Lenders to DHFL are now voting on the revised distribution mechanism which seeks to allocate higher sums to small investors in fixed deposit and also full repayment for retirement funds related to...

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Domestic stock exchange BSE has crossed the milestone of 7 crore registered users based on Unique Client Code (UCC) on Monday (June 7).   The exchange also completed the journey from 6 crore to 7 crore users in just 139 days, as compared to 241, 652 and 939 days needed for the...

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Amitabha Banerjee Amitabha Banerjee 04 June 2021
Quite a difficult task, actually.   My neighbour’s son, age 30, has asked me to help him choose a ‘good’ insurance plan. He is particularly interested in an investment-linked insurance plan with ‘double benefit’ – insurance cover, plus safe investment, which would generate a nice...

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Sucheta Dalal Sucheta Dalal 03 June 2021
One of the chilling side effects of the COVID pandemic, especially its second wave, is that it has given a free pass to the government and its regulators on redress for victims of financial fraud.    People with ‘safe’ investments in bonds and non-convertible debentures (NCDs) watched...

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Moneylife Digital Team 02 June 2021
Market regulator Securities and Exchange Board of India (SEBI) has banned Indore-based Capital Heed Financial Research's sole proprietor Shailendra Sen from the capital markets for three years for furnishing false information to the regulator in his application for registration as an...

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Moneylife Digital Team 24 May 2021
In a relief for Yes Bank Ltd in the AT-1 (additional tier-1) bonds case, the Securities Appellate Tribunal (SAT) has imposed an interim stay on an order passed by Securities and Exchange Board of India (SEBI), which had imposed a penalty of Rs25 crore on Yes Bank, and three of its executives:...

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In case you have read my earlier piece, and your curiosity has been whetted as to which ‘damn fool’ would hand over a right and take on an obligation for a paltry premium, here’s the answer.   The person that does this is an option seller (or writer). He takes on an obligation without...

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Moneylife Digital Team 30 April 2021
Investors who lost over Rs1300 crore in the Anugrah and TejiMandi collapse were shocked to see a new twitter handle of the same name (@TejiMandiApp)  actively soliciting business.   Moneylife received several messages asking if TejiMandi has been allowed to revive. Several people...

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Amitabha Banerjee Amitabha Banerjee 29 April 2021
In a civilised society, rights and obligations are matched. If you rent a house, you have the right to live in it and the obligation to pay rent, while the landlord has the right to get rent and the obligation to let you live in it. If either side does not meet its obligation, it loses the...

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Moneylife Digital Team 27 April 2021
As many as over 1.27 million investors of PACL Ltd, with a claim of up to Rs10,000, have received more than Rs438 crore, says market regulator Securities and Exchange Board of India (SEBI).   The Justice Lodha committee is supervising the SC-ordered process of selling PACL's assets...

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Moneylife Digital Team 24 April 2021
The Securities and Exchange Board of India (SEBI) has imposed a penalty on an individual for his failure to comply with disclosure requirements while dealing with the shares of ITC Ltd.    SEBI conducted an investigation in the scrip of ITC from 1 April 2018 to December 2018 to...

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Moneylife Digital Team 19 April 2021
The Securities and Exchange Board of India (SEBI), on Friday, imposed penalties of Rs12 lakh and Rs6 lakh on CPR Capital Services Ltd and PRB Securities Pvt Ltd, respectively for multiple violations with respect to using National Stock Exchange (NSE)'s co-location (Colo)...

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Moneylife Digital Team 09 April 2021
The Insurance Regulatory & Development Authority of India (IRDAI) has issued draft guidelines for general insurance companies to come up with trade credit insurance products with customised covers for small and medium enterprises (SMEs) and micro, small, and medium enterprises...

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Moneylife Digital Team 01 April 2021
After issuing an order to reduce interest rates on small savings schemes that would have delivered a blow to savers who depend on these schemes for income and social security, the Union government had withdrawn the order issued on 31 March 2021. Finance minister Nirmala Sitharaman (FM) says,...

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Moneylife Digital Team 31 March 2021
After record-high active client additions and average daily turnover (ADTO) in a pandemic-marred fiscal, brokerages will continue to see positive revenue growth in fiscal 2022. Nevertheless, the growth will be muted, with volatility and peak margin regulations being the dampeners. Discount...

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Ranganathan V Ranganathan V 31 March 2021
This is more of a narration of a personal nature and those hard pressed for time may turn to something more worthwhile.    Having made many dubious investments in the initial public offerings (IPOs) of the 1980s, the talk in the early 1990s, post the 1991 blockbuster Budget, of the...

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Investments made by non-resident Indians (NRIs) on a non-repatriation basis will not be considered for calculation of indirect foreign investment.   The Department for Promotion of Internal Policy and Trade (DPIIT) under the Ministry of Commerce and Industry has reviewed the policy on...

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Moneylife Digital Team 25 March 2021
The Bombay High Court on Thursday admitted an interim application filed by Yes Bank AT1 Bond Holders Association for their claims worth Rs160 crore. While allowing the plea with specific prayer, the bench of justice AA Sayed and justice SP Tavade asked Securities and Exchange Board of India...

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Moneylife Digital Team 25 March 2021
The National Stock Exchange (NSE) has declared Delhi-based Bezel Stock Brokers Pvt Ltd as a defaulter and expelled it from its membership. The NSE notification says, “All members are hereby informed that the following trading member has been expelled from the membership of the Exchange under...

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