The legislation is being implemented by the Corporate Affairs Ministry. Many provisions of the new law came into effect from April 1.
Under Section 71 of the legislation, which took effect this month, corporate bond issuers have to create a debenture redemption reserve equivalent to at least 50% of a planned bond sale before the maturity of the security.
Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data outside of India.
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
Finance ministry asks bank, insurance & market regulators to issue notifications
A bank account is a must to get the refund and those without it have been asked by Sebi to open an account with a scheduled bank.
Question remains, what happens when the overseeing committees' members themselves are questioned by investigative agencies?
The move takes the process of extraditing and bringing back Nirav Modi to face the law in India to the next stage, the sources said.
Governor Raghuram Rajan has asked his colleagues to ensure that the central bank is not seen as mere "paper tiger" and even rich and powerful wrong-doers are not spared.
Karvy Computershare Pvt Ltd engaged in fraudulent activities with respect to certain initial public offerings in 2005, market regulator Sebi said.
India and the US inked a tax information sharing agreement under FATCA which will enable automatic exchange of financial information.
'Waiting for a market correction and optimising entry time in the markets will be akin to missing the woods for the trees.'
The aggrieved investors of National Spot Exchange (NSEL) have moved the Securities and Exchange Board of India (Sebi) against Financial Technologies (FTIL), the listed promoter.
In a soon to be published book, 'Of Counsel: The Challenges of the Modi-Jaitley Economy,' former chief economic advisor Arvind Subramanian says though RBI has a good reputation, it does not mean it's always right, as for years, the RBI was unable to grasp the seriousness of the loan repayment problems or identify the prolonged frauds of Nirav Modi and the likes.
Prime Minister Narendra Modi on Tuesday slammed Chief Minister Mamata Banerjee for seeking en bloc voting by Muslims for the Trinamool Congress and said had his party made a similar appeal to Hindus, it would have been criticised and censured.
The underperformance comes amid liquidity concerns in the non-banking finance companies space and Essel Group default news.
The television channel is in hot water for not having made a public announcement in 2009 of a 'change of control' of the company.
Fatca aims to track all US residents with non-US accounts and US citizens, too.
FIXES BY THE GOVERNMENT: Energy price fixed, tax issues linger.
Absence of comprehensive data protection and privacy laws will be barriers in the government's digitalisation drive.
Banking is first about trust and integrity and then about technology and the rest.
Besides bank accounts, Sebi has also in various proceedings ordered depositories, NSDL and CDSL, to attach the demat securities accounts of the erring entities.
The Bill will make it tougher for workers to go on strike.
The COVID-19 pandemic affected the residential property market during the April-June period last year but sales have improved in affordable homes segment since July onwards, reflecting economic recovery in the real estate sector, according to the Economic Survey. The National Housing Bank's (NHB) Housing Price Indices (HPIs) are a broad measure of movement of residential property prices observed within a geographic boundary. The NHB-RESIDEX captures two housing price indices -- HPI@ Assessment Prices and HPI@ Market Prices - Under Construction Properties based on the data available for 50 cities with quarterly updation.
Prime Minister Narendra Modi will hold discussions with public sector banks (PSBs) and financial institutions to draw up an action plan for banking reforms
Barring a few nuts, no one will dispute that it has done rather a good job of carrying out its remit
'That would once and for all teach all the film-makers of this country a fitting lesson!'
'When users sign up for free apps and services, they are giving up data. They fail to realise the impact of their data in the public domain, which is something that corporations have been monetising on for some time now.'
The possibility of the slowdown affecting more players is greater if the industry doesn't get access to easier finance in the next six to eight months.
The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu.
Such measures are expected to further enhance the protection of investors in the securities market
'The better developers are seeing good demand (for their housing projects). There are consumers who are buying houses.'
The collection of mostly small and medium sized businesses is a hotchpotch of ventures and include design schools, schools, villas for hire in Goa and a country club in Gurgaon.
The court directed Raju, the prime accused in Satyam scam, and others to furnish personal bond of Rs 20,000 each and sureties of the like amount on or before December 22 and posted the matter to the same date.
The apex court, however, said foreign lawyers could not be barred from coming to India and conduct international commercial arbitration proceedings.
Sebi will e-auction next month, 48 jewellery and ornaments of gold (3.21 kg) of Sai Prasad group
The taxman carried out a total of 677 search, survey and enquiry operations
The Karnataka government is also expected to follow suit and withdraw its decision to raise the variable DA.
The finance ministry has ruled out the proposal for the appointment of a chief operating officer (COO) of the rank of deputy governor in the Reserve Bank of India (RBI), as the government feels no interim arrangements should be made for such high-profile appointments.
