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Regulation

SEBI instructs merchant bankers not to press for PAN card copy along with IPO applications SEBI has instructed merchant bankers to ensure that all collection agents, centers, syndicate and sub-syndicate members engaged in collecting application forms do not refuse to accept IPO applications in the absence of photocopy of PAN card. More...

SEBI reduces initial cost of close-ended NFOs Securities and Exchange Board of India (SEBI) has approved the proposal for the removal of initial issue (New Fund Offers) expenses in the close-ended Mutual Fund schemes to reduce cost for the MF investors. More...

SEBI makes MF schemes less expensive for investors Securities and Exchange Board of India (SEBI) has realized that the retail investors are the one who are badly hit in a volatile market. And, the Mutual Fund (MF) schemes are safer and better route for the retail investors, specially for the first timers, to participate in the equity market. Hence, SEBI has taken several steps to reduce the cost of buying MF schemes for the retail investors. More...

RBI plays Santa Claus: proposes to rationalise ATM charges On the eve of Christmas, Reserve Bank of India (RBI) has placed a proposal before Indian banking industry to establish a fair and transparent framework for the service charges for Automated Teller Machines (ATM) to encourage greater financial inclusion and promote enhanced access to ATMs. More...

Short-selling is SEBI’s Christmas gift to investors Securities and Exchange Board of India (SEBI) has given a Merry Christmas gift to the retail investors. The regulator has allowed the retail as well as institutional investors to short sell in the equity market. SEBI will shortly announce the date of the implementation of the circular. More...

RBI for stiff guidelines on recovery agents of banks The recovery agents of the banks have used muscle power to recover dues from the defaulting customers of car, home and personal loans and credit card holders. More...

Sebi further empowers the retail investors Securities and Exchange Board of India (SEBI) has made several amendments in the Disclosure and Investor Protection (DIP) Guidelines to bring more depth in the equity market. More...

Sebi plans to make investment advisers registration mandatory Sebi has proposed to make the registration of the investment advisers with the regulator a must for offering advisory services to the investors. The regulator also wants to make it mandatory for the investment advisers to be a member of a self-regulatory organisation (SRO) for getting certification in this regard from Sebi. More...

SEBI, RBI make way for more off-shore Mutual Funds Both regulators Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI) have further liberalised Mutual Fund (MF) investments in the overseas market. The aggregate ceiling for overseas investments by mutual funds (MF) has been enhanced from US$ 4 billion to US$ 5 billion. More...

Sebi plans to waive entry load Sebi is exploring the possibilities of   waiving the entry load for the direct applications received by the Asset Management Companies (AMCs). More...

Sebi to NSDL, CDSL Follow KYC norms while opening new demat account The corpus of the Sundaram BNP Paribas Global Advantage will be invested in global assets. Sundaram BNP Paribas Global Advantage will operate in a Fund of Funds structure by investing in mutual fund units and exchange-traded funds (ETF's) tracking the emerging markets, commodities and real estate space. More...

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