Investment

SEBI strengthened the mechanism of index based market-wide circuit breaker

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CIRCULAR  CIR/MRD/DP/02/2015                                                                         January 12, 2015   All Stock Exchanges.   Subject: Index based market-wide circuit breaker mechanism 2001 and CIR/MRD/DP/25/2013 dated September 03, 2013 advising stock exchanges to implement an index based market wide circuit breaker system to bring about a coordinated trading halt in all equity and equity derivative markets nationwide on 10%, 15% … Read more

RBI liberalize certain regulations of Overseas Direct Investments by Indian Party

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RBI/2014-15/371A.P. (DIR Series) Circular No.54 December 29, 2014 To All Category – I Authorised Dealer Banks Madam / Sir, Overseas Direct Investments by Indian Party – Rationalization / Liberalization Attention of the Authorised Dealer (AD – Category I) bank is invited to Regulation 18 and 18A of Notification No. FEMA.120/RB-2004 dated July 7, 2004 [Foreign Exchange Management … Read more

SEBI issued the exit order of Bangalore Stock Exchange Ltd

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1.      Whole Time Member, SEBI, has passed an Order on December 26, 2014 providing the exit to Bangalore Stock Exchange Limited (“BgSE”). BgSE is the seventh Stock Exchange to exit under this policy. 2.      SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for … Read more

Insurance Laws (Amendment) Ordinance, 2014 to Make Amendments to the Insurance Acts

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Insurance Laws (Amendment) Ordinance, 2014 to Make Amendments to the Insurance Act, 1938, the General Insurance Business (Nationalization) Act, 1972 and the Insurance Regulatory and Development Authority Act, 1999  The Union Cabinet had approved the promulgation of the Insurance Laws (Amendment) Ordinance 2014 to amend the Insurance Act, 1938, the General Insurance Business (Nationalisation) Act, … Read more

SEBI issued the exit order of Cochin Stock Exchange Ltd (CoSE)

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Whole Time Member, SEBI, has passed an Order on December 23, 2014 providing the exit to Cochin Stock Exchange Limited (“CoSE”). CoSE is the sixth Stock Exchange to exit under this policy. SEBI vide Circular dated May 30, 2012 had issued the Guidelines for exit of stock exchanges. This contained details of the conditions for … Read more

Wasankar Wealth Management Limited ceased from undertaking the portfolio management activities – SEBI order

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Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, passed confirmatory order on  December 10, 2014 in the matter of Wasankar Wealth Management Limited, Mr. Prashant Wasankar having Trade name – Wasankar Investments,   Mr. Vinay Wasankar, Ms. Mithila Wasankar, Mr. Abhijeet Chaudhari and Ms. Bhagyashree Wasankar and confirmed the following directions issued vide order dated August 27, 2014. … Read more

Main features of Kisan Vikas Patra

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Government has formulated a number of schemes having different features for different segments of the saving population. Each of the available saving option has different features in terms of eligibility to invest, rate of interest, maturity period, lock-in-period, tax treatment, pledging facility, minimum and maximum ceilings etc.  Main features of KVP, are:  Amount invested in … Read more

KEN Infratech Limited and its directors are prohibited from buying, selling or otherwise dealing in securities market for a period of four years – SEBI order

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Shri Prashant Saran, Whole Time Member, SEBI, has passed an order on December 17, 2014 in the matter of M/s. KEN Infratech Limited and its directors. The registered office of the company is located at No.3413, Mahendra Park, Rani Bagh, New Delhi. The order directed the company and its directors viz., Mr. Sukhwinder Singh, Mr. … Read more

M/s Yash Dream Real Estate Limited and its Promoters and Directors are restrained from mobilizing funds through issuance of any kind of security to the public – SEBI order

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Order in the matter of M/s Yash Dream Real Estate Limited, its Promoters and Directors Mr. Prashant Saran, Whole Time Member, SEBI has passed an interim order on December 16, 2014 in the matter of M/s Yash Dream Real Estate Limited, having its registered office at Block-1, Plot No.3, Priyadharshani Parisar (West), Bhilai – 490 … Read more