SEBI First International Research Conference-2014

Securities and Exchange Board of India (SEBI), in its silver jubilee year, is organizing its First International Research Conference during January 27-28, 2014 in Mumbai. The theme of the Conference is HFT, Algo Trading and Co-location.  SEBI has invited academicians/market practitioners/regulators, having experience in the field, from countries such as USA, Spain, Australia, Canada, Japan,… Read More

Tags: BusinesscanadaIndiaInvestingMumbaiSEBISecurities & Exchange Board of IndiaUnited States

Conditional exemption to exporters under the Essential Commodities Act, 1955

The Union Cabinet yesterday approved exemption to exporters having IEC Code issued by DGFT from the purview of stock holding limits under the Essential Commodities Act, 1955 with respect to edible oilseeds, edible oils and rice. This will help exporters benefit from economies of scale and bigger operation for optimally meeting export demands on a… Read More

Tags: BusinessCabinet of IndiaCooking oilDGFTEssential Commodities ActExportFood and Related ProductsGrains and LegumesImport and ExportInvestingTaiwanUnion CabinetVegetable oil

SEBI circular w.r.t. Investor Grievance Redressal Mechanism

CIRCULAR CIR/MRD/ICC/30/2013                          26.09.2013 The Managing Director/Executive Director, All Stock Exchanges. Dear Madam/Sir, Subject: Investor Grievance Redressal Mechanism 1) Reference may be made to CIR/MRD/DSA/03/2013 dated January 20, 2012, CIR/MRD/DSA/24/2010 dated August 11, 2010 and MRD/DoP/SE/Cir-38/2004 dated October 28, 2004. 2) With a view… Read More

Tags: BusinessDepositoriesInvestingInvestorSecurities & Exchange Board of IndiaStock BrokerStock exchangeStocks and Bonds

Dr. Raghuram Rajan Committee Report for Evolving a Composite Development Index of States

Report of the Dr. Raghuram Rajan Committee for Evolving A Composite Development Index of States Submitted to the Union Finance Minister ; Committee Proposes A General Method for Allocating Funds From the Centre to the States Based on Both A State™s Development Needs As Well As its Development Performance; The Report of the Dr. Raghuram Rajan… Read More

Tags: BusinessCentral bankFinance MinisterIndiaInvestingmutual fundsRaghuram RajanRun batted in

EBI issues directions to MCX-SX Limited and MCX-SX Clearing Corporation Limited to strengthen their governance structure

SEBI has issued directions to MCX-SX Limited and MCX-SX Clearing Corporation Limited (MCX-SXCCL)  to strengthen their governance structure while granting the renewal of recognition to MCX-SX Limited for a period of one year commencing from September 16, 2013. The conditions imposed by SEBI are : 1.  A committee comprising of two Public Interest Directors and… Read More

Tags: BusinessGazette of IndiaInvestingMCX Stock ExchangeMCX-SXCCLMulti Commodity ExchangeSEBISecurities & Exchange Board of India

Commencement Notification CA2013 :: Section 195 :: Prohibition on insider trading of securities

Chapter XII -Meetings of Board and its Powers (173 - 195) Section 195- Prohibition on insider trading of securities (1) No person including any director or key managerial personnel shall enter into insider trading: Provided that nothing contained in this sub-section shall apply to any communication required in the ordinary course of business or profession… Read More

Tags: BrokeragesBusinessInformation sensitivityInsider TradingInvestingManagementPublic companySecurity (finance)

Commencement Notification CA2013 :: Notified Sections 37 to 40

Commencement Notification Of Companies Act 2013 :: 98 Sections Notified This post contains details of 3 notified sections as provided here: Chapter III -Prospectus and Allotment of Securities (Sections 23 - 42) Section 37- Action by affected persons. A suit may be filed or any other action may be taken under section 34 or section 35… Read More

Tags: BusinessInvestingProspectusPublic OfferSecurities and Exchange BoardSecurity (finance)Stock exchangeU.S. Securities and Exchange Commission

SEBI Circular w.r.t. testing of software used in or related to Trading and Risk Management

CIRCULAR CIR/MRD/DP/24/2013 August 19, 2013 To, All Stock Exchanges. Dear Sir / Madam, Subject: Testing of software used in or related to Trading and Risk Management SEBI vide circular SEBI/MRD/Policy/SE/15864/2003 dated August 21, 2003 advised stock exchanges to obtain an undertaking in the form of an affidavit from the members of the stock exchange stating… Read More

Tags: Algorithmic tradingBusinessDirect Market AccessInvestingSEBISecurities & Exchange Board of IndiaSecurity (finance)Stock exchange

Defence Funds under Corporate Social Responsibility

The amount spent by the Defence Public Sector Undertakings (DPSUs) under Corporate Social Responsibility (CSR) activities during the last three years, i.e. during 2010-11, 2011-12 and 2012-13, is given in Annexure Name of the DPSU Amount spent on CSR activities (Rs. in lakhs)   2010-11 2011-12 2012-13 (provisional) Hindustan Aeronautics Ltd 179.19 580.65 888.12 Bharat Electronics… Read More

Tags: BusinessConferencescorporate social responsibilityCSRGoaIndiaInvestingSocially Responsible

RBI’s Special Repo Window for Liquidity Requirements of Mutual Funds

As a contingency measure, the Reserve Bank of India (RBI) has decided to conduct a special 3-day repo at an interest rate of 10.25 per cent for a notified amount of Rs. 25,000 crore with a view to enabling banks to meet the liquidity requirements of mutual funds. Details of the facility are being announced… Read More

Tags: BusinessFinancial servicesInvestingMutual fundrbiRepurchase agreementReserve Bank of IndiaRun batted in

RBI Guidelines on Valuation of Bonds issued by State Distribution Companies (Discoms)

RBI/2012-13/555 DBOD.BP.BC.No.105/21.04.132/2012-13 June 27, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir, Bonds issued by State Distribution Companies (Discoms) Guidelines on Valuation Government of India had formulated and approved a Scheme for Financial Restructuring of State Owned Power Discoms to enable their turnaround and ensure their long term viability (Ministry of Power, GoI Office… Read More

Tags: Basis pointBondsBusinessGovernment of IndiaInvestingMinistry of PowerYield to maturityYTM

Settlement of OTC transactions in Corporate Bonds on DvP-I basis

RBI/2012-13/550 IDMD.PCD. 11 /14.03.06/2012-13 June 26, 2013 To All Market Participants Dear Sir/Madam, Settlement of OTC transactions in Corporate Bonds on DvP-I basis Please refer to our Notification IDMD. No.1764/11.08.38/2009-10 dated October 16, 2009 on the captioned subject. 2. The above directions have been reviewed and it has been decided that MCX-SX Clearing Corporation Limited is also… Read More

Tags: BondBond credit ratingBond marketBusinessCorporate bondHigh-yield debtInvestingStocks and Bonds

Government Approves 1 Proposal of Foreign Direct Investment

Further to para 5 of the Press Release dated May 31, 2013, wherein it was stated that decision of the 2 (Two) proposals will be communicated separately, Government has approved 1 Proposal of Foreign Direct Investment amounting to Rs. 7.00 crore approximately. Following 1 (One) proposal has been approved. Sl. No. Name of the applicant Particulars of the proposal FDI/NRI… Read More

Tags: BusinessFinancial servicesforeign direct investmentGovernmentIndiaInvestingInvestmentMauritius

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