As all Participants are aware, NSDL’s common internet facility called IDeAS facilitates investors to view latest balances and transactions in their depository accounts. SPEED-e facilitates Users (Beneficial Owners and Clearing Members) to submit delivery instructions on the internet. SPEED-e facilitates Participants to eliminate paper [Delivery Instruction Slips (DIS)] resulting in reduction in cost of storage [...]

“We are exploring all the legal recourses,” a source from Infinite India told VCCircle.
 
Private equity fund Infinite India Investment Management may take Maytas Properties to court. “We are exploring all the legal recourses,” a source from Infinite India told VCCircle.
 
In February last year, real estate fund Infinite India, had invested Rs 600 Cr in Maytas [...]

In a move to protect the interest of investors, the Securities and Exchange Board of India (Sebi) has asked a high-level committee to suggest guidelines for the power of attorney (PoA) that investors issue in favour of their brokers. The agreements that are signed between brokers and investors are also up for review.
The committee consists [...]

The Securities and Exchange Board of India (SEBI) and the Serious Fraud Investigation Office (SFIO) could not get access to the former bosses of Satyam Computer Services, B. Ramalinga Raju, his brother Rama Raju and Srinivas Vadlamani, by a court here on Friday on technical grounds.
The Sixth Additional Chief Metropolitan Magistrate D. Ramakrishna rejected the [...]

 Non-resident Indian (NRI) means a ‘person resident outside India’ who is a citizen of India or is a ‘person of Indian origin’. Under the Foreign 
Exchange Management Act, 1999 (FEMA), a person who is not a ‘person resident in India’, as defined under Section 2 (v) of the Act is considered a ‘person resident outside India’.
‘Person [...]

Brokerages have begun handing out free demat and broking accounts in their bid to encourage equity investments among retail investors. Best & worst stocks of ‘08
Though such a generous marketing idea increases the burden on account books of brokers by about Rs 300 per fresh account opened, it will go a long way to strengthening [...]

Introduction
NSDL has launched SMS Alert facility for demat account holders whereby investors can receive alerts for debits (transfers) to their demat accounts, credits for IPO and offer for sale allotment, sub-division and bonus. Alerts are also sent in case the instructions given by investors for debiting their demat accounts fail due to insufficient balance. Under [...]

As directed by SEBI, Depositories had issued directions to Participants making Permanent Account Number (PAN) compulsory for all categories of demat account-holders including minor, trust, foreign corporate body, banks, corporate, FIIs and NRIs. This came into effect in respect of all demat accounts that were opened on or after April 1, 2006. Further, from January [...]

When India’s Oil and Natural Gas Corporation pulled off its most successful overseas deal on last week of August, the takeover of UK-listed Imperial Energy whose assets were mainly in Russia, Economic Times business daily wrote light-heartedly that it was a return to the “Great Game”.
The analogy was appropriate but for one crucial omission – [...]

NSDL which is a securities depository holding more than 80% of the dematerialised securities in India has established a Central Recordkeeping Agency (CRA) for the New Pension System (NPS) on behalf of the Pension Fund Regulatory and Development Authority (PFRDA). Honourable Union Finance Minister Shri P. Chidambaram launched this system today, August 29, 2008 in [...]