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Lok Sabha passes Bill to give teeth to Sebi to tackle ponzi menace

Last Updated: Wednesday, August 06, 2014, 19:42

The crucial Sebi bill aimed at tackling the ponzi menace was Wednesday approved by Lok Sabha with government saying that Prime Minister Narendra Modi will soon announce a financial scheme which will discourage people from being allured by fraudulent operators.

Bill to give Sebi special powers passed by Lok Sabha

Last Updated: Wednesday, August 06, 2014, 18:02

The Securities Laws (Amendment) Bill, 2014, aims to empower capital market watchdog Securities and Exchange Board of India (Sebi) by giving powers such as authority to seek call data records, was Wednesday approved by the Lok Sabha.

Ponzi scheme: Sebi bans HCN infrastructure

Last Updated: Wednesday, August 06, 2014, 11:00

Sebi has banned HCN infrastructure and share companies' ponzi scheme.

Cabinet clears bill to empower Sebi to deal with ponzi schemes

Last Updated: Thursday, July 24, 2014, 18:25

A Bill to effectively empower the market regulator Sebi to crack down on ponzi schemes and investment frauds was approved by the Cabinet on Thursday.

Govt using information from various nations to check tax evasion

Last Updated: Tuesday, July 22, 2014, 17:12

The government on Tuesday said it is effectively using the information received from various countries to combat the menace of tax evasion and avoidance.

Money-laundering: Sumangal boss, arrested, sent to police custody

Last Updated: Tuesday, July 08, 2014, 00:33

The top boss of a city-based company, involved in collecting deposits from the public by floating potato bonds, has been arrested from Mumbai on charges of money laundering and was Monday sent by a court here to police custody till July 18.

Sebi hopes anti-ponzi ordinance would become a law soon

Last Updated: Saturday, June 21, 2014, 12:13

Armed with powers given through an ordinance to take on investment frauds, Sebi chairman U K Sinha today said he hopes it would soon become a permanent law to ensure continued clampdown against illegal investment schemes.

President clears re-promulgation of Sebi ordinance

Last Updated: Saturday, March 29, 2014, 14:33

The ordinance had lapsed on January 15, since Parliament could not pass the Securities Laws (Amendment) Bill 2013 in the Winter session.

Ponzi schemes can't be matched on return claims: SEBI

Last Updated: Sunday, January 05, 2014, 14:44

Pitching for easier access by common investors to genuine financial products to take on the ponzi menace, capital markets regulator SEBI has said there are many good products available, although they cannot match tall claims made by illicit funds.

'Bitcoin' becoming a bit too big;regulators scramble for norms

Last Updated: Sunday, December 01, 2013, 13:16

As Bitcoin becomes more popular day by day, regulators are getting worried about potential money laundering risks associated with this digital currency and its possible misuse by fraudsters to lure gullible investors into 'e-ponzi' schemes.

Recovery orders for over Rs 500 cr issued in past 2 months: Sebi

Last Updated: Saturday, November 23, 2013, 15:39

Markets regulator Sebi on Saturday said it has ordered recovery of over Rs 500 crore from defaulting/ erring companies ever since the new search and seizure order was implemented two months ago.

Odisha starts attaching chit fund group`s properties

Last Updated: Monday, November 11, 2013, 21:06

Odisha Monday started the process of confiscating properties of scam-tainted chit fund companies in the state to compensate duped investors.