IBBI amends voluntary liquidation process regulations
With the amendments, a liquidator has to deposit unclaimed dividends and undistributed proceeds in a liquidation process along with any income earned thereon into the Corporate Voluntary Liquidation Account before submission of an application for dissolution of the corporate person, a release said on Thursday.
Bajaj says need a GST cut, over-regulation killing auto industry
Bajaj urged a temporary reduction in GST to 18 per cent for two-three years.
Govt, regulators yet to find a single regime for FPIs, NRIs
The challenge is to put in place a neat, unified regime without causing chaos.
Over-regulated market jacking up 2-wheeler prices, says Rajiv Bajaj
The market is "over-regulated", which has led to an increase in the two-wheeler prices, Bajaj said.
Edelweiss group chairman dismisses allegations of violating foreign exchange regulations
Edelweiss is a home-grown professional financial services group built over 25 years by more than 11,000 employees and 2 million customers. The group has many large, Indian and foreign customers, investors and partners as the company cities endorsing ita governance standards.
PACL case: Sebi introduces facility to view status of claim applications, rectify errors
PACL, which had raised money from the public in the name of agriculture and real estate businesses, was found by Sebi to have collected more than Rs 60,000 crore through illegal collective investment schemes (CIS) over a period of 18 years.
Alembic gets USFDA nod for Tizanidine hydrochloride capsules used to treat spasticity
"The company has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Tizanidine Hydrochloride Capsules, 2 mg, 4 mg, and 6 mg," the drug firm said in a regulatory filing.
Regulations, systems are bigger challenges to the economy than China: Ram Madhav
Speaking at a conference on 'Indian Democracy at Work- Money Power in Politics' at the Indian School of Business here, he opined that the control of the state should not be enormous and omnipresent. The state in India is the "perpetuator of inequalities" and politics thrives on inequalities and injustices, he said.
Sebi cancels registration of stock broker Click2Trade Capital
Sebi said that it has been declared a defaulter and expelled from the memberships of BSE.
RBI strengthening regulations for banks and NBFCs: Shaktikanta Das
Persistently high inflation adversely impacts the economy’s allocative efﬁciency and impedes growth, says Das.
Competition Commission of India pitches for self-regulation of ecomm platforms
The Competition Commission of India has also advocated that e-commerce players increase in transparency in search rankings, collection and use of data and user review and rating mechanisms.The CCI has also recommended that e-commerce platforms notify the businesses of any proposed changes in terms and conditions and only bring them into effect after a reasonable notice period.
NSE approaches markets regulator Sebi for IPO
SBI, earlier this month, announced that it is looking to sell 50 lakh shares representing 1.01 per cent stake in the NSE as part of its capital raising exercise. Currently, State Bank of India (SBI) holds 5.19 per cent stake in the exchange. The entire IPO would be offer-for-sale (OFS), wherein existing shareholders will sell NSE's shares.
Why India must end Yes Bank’s theater of the absurd
The new management keeps dangling improbable funding options — ranging from an unnamed global technology firm to a Canadian businessman living in a motel — only to strike them off the list of white knights.
Regulators should not depend on govt grant: U K Sinha
A regulator should have its own source of income and flexibility to utilise it without looking up to the government for funds, says Ex-Sebi chief.
Insider Trading cases: Sebi comes out with new informant mechanism to reward whistleblowers
Under the new framework, it would be mandatory to disclose the source of information,
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