REGULATIONS


Sucheta Dalal Sucheta Dalal 24 February 2011
Special leave petition in Supreme Court revives the matter of the controversial role of the SEBI board in exonerating CB Bhave’s role as NSDL chief in the IPO scam in 2006  After a publicity blitz hailing Chandrashekar B Bhave as the messiah of retail investors (not by Moneylife) and the...

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R Balakrishnan R Balakrishnan 24 February 2011
If you are thinking of sinking money into a deposit scheme that offers you returns that are too good to be true, perish the thought Recently, the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) came out with a notification in various newspapers. It cautioned...

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Moneylife Digital Team 18 February 2011
Before being selected to head SEBI, Mr Sinha was the chairman and managing director of UTI Mutual Fund, and prior to this, a joint secretary in North Bloc Upendra Kumar Sinha assumed the office as the chairman of the Securities and Exchange Board (SEBI) today from the outgoing chairman...

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Sucheta Dalal Sucheta Dalal 17 February 2011
SEBI has been quietly letting off a few hundred chosen price manipulators and offenders with a simple ‘administrative warning’! Open a newspaper and you will find lavish praises of the Securities and Exchange Board of India's (SEBI) long list of achievements and allegedly tough action against...

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Sucheta Dalal Sucheta Dalal  and   Yogesh Sapkale Yogesh Sapkale 09 February 2011
The market regulator routinely collects call data of individuals it is investigating. It took the persistent efforts of an RTI activist to ferret out the fact that SEBI had collected records of a massive 2,327 subscribers, although it is legally not authorised to do so The Securities and...

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Moneylife Digital Team 07 February 2011
SEBI board, which met for the last time under the chairmanship of CB Bhave today, also decided to make ASBA mandatory for non-retail investors like QIBs and NIIs from 1st May 2011 Market regulator Securities and Exchange Board of India (SEBI) has said that it would send a recommendation to the...

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Moneylife Digital Team 01 February 2011
Rahul Bajaj underlines the need for clean corporate governance if a company has to retain the trust of its customers and shareholders "If the top management, the chairman or chief executive officer of the company is downright corrupt then corporate governance is not possible," says Rahul...

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Moneylife Digital Team 14 January 2011
Anil Ambani and his group companies Rel Infra and RNRL settled a case of alleged violation of trading regulations with the market regulator by paying  Rs50 crore as settlement amount In what appears to be the biggest settlement through a consent order, the Securities and Exchange Board of...

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Sucheta Dalal Sucheta Dalal 13 January 2011
It is time the Standing Committee of Parliament started conducting public hearings and asked regulators to explain their failures and discussed their contribution to market development The Bimal Jalan committee, packed with government and SEBI officials, came up with a report that was so...

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Sucheta Dalal Sucheta Dalal 13 January 2011
It is now openly acknowledged that the recommendations of the Bimal Jalan Committee are biased in favour of the NSE; so, here’s how India’s monopoly stock exchange is expected to operate A rattled Bimal Jalan has reacted to the criticism about his committee’s retrograde suggestions by pointing...

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Moneylife Digital Team 04 January 2011
Apex court says SEBI can seek relevant information from Sahara group companies, but should not restrain them from raising money from capital markets In what appears to be a severe blow to the market regulator, the Supreme Court on Tuesday asked the Securities and Exchange Board of India...

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Deena Mehta 21 December 2010
The proposed rules regarding compensation to exchange executives are flawed, as are the rules for listing of exchanges and restricting their profits, and the powers to SEBI to regulate market infrastructure institutions Compensation for executives: The Bimal Jalan Committee report on ownership...

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Deena Mehta 20 December 2010
The shareholding proposals of the Bimal Jalan committee on market infrastructure institutions are biased and not justified. The report also sidetracks corporate governance issues and the developmental role of stock exchanges   The Bimal Jalan Committee report on the ownership and governance of...

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Sucheta Dalal Sucheta Dalal 17 December 2010
Vested interests in the Securities and Exchange Board of India seem set to torpedo the initial public offerings (IPOs) grading process when dozens of pressing investor issues remain unattended At Moneylife, we have long discovered that it requires years of persistent writing and advocacy to get...

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R Balakrishnan on saving  and   investing prudently 17 December 2010
Promoters are not like you and me. They have special rights that are sanctioned by the regulator “All animals are equal, but some are more equal than others.” — George Orwell, Animal Farm In a private company, a promoter can do what he wants to. But if he has public shareholders, he has to...

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Sucheta Dalal Sucheta Dalal 15 December 2010
Rumour of UK Sinha’s appointment spreads. But there are several steps in the process and only one has been taken. Remember also, that the last three chairmen were not on the “list” UK Sinha, chairman of UTI Asset Management Company, may well go on to chair the Securities and Exchange Board...

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Sucheta Dalal Sucheta Dalal 11 December 2010
Everybody has all but assumed that SEBI chief CB Bhave is not getting an extension. Will they be surprised? On Friday, 10th December, CB Bhave, the current chairman of the Securities and Exchange Board of India delivered what was considered a hard hitting piece on autonomy of regulators at the...

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Sucheta Dalal Sucheta Dalal 11 December 2010
Two agencies are quarrelling over whose job it is to fix the problem even as India boasts of being an IT powerhouse On 3rd December, the Indian media called it a "major embarrassment" that the Central Bureau of Investigation (CBI) website has been hacked by "Pakistani Cyber Army". What could be...

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Moneylife Digital Team 10 December 2010
A new bunch of equity market manipulators has been rigging and twisting stock prices at will, according to reports by the Intelligence Bureau   The 2002 securities scam masterminded by Ketan Parekh brought to light widespread manipulation in share prices. It left indelible footprints...

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Sanket Dhanorkar 09 December 2010
The market regulator SEBI recently banned Sanjay Dangi for colluding with promoters of four companies to influence share prices; however, Intelligence Bureau reports suggest that his involvement stretches way beyond these four firms Last week, the market watchdog, Securities and Exchange Board...

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