Subject: Last Week Regulatory Updation RBI will auction Rs.97000 cr of T-Bills during Jan-Mar period; it will sell Rs.71500 cr of 91-day T-bills, Rs.14000 cr of 364-day T-bills and Rs.11500 cr of 182-day T-bills RBI asks banks to disclose the kind of fees and commissions they have earned through sales of insurance policies to their account holders. RBI working on final guidelines for STRIPS trading in government debt to increase depth in the market and help banks manage their portfolio risk better RBI grants an in-principle approval for a proposal that will allow private sector players to promote small local banks RBI asks All India Financial Institutions to follow the prudential norms on creation and utilization of floating provisions applicable to banks utilization of floating provisions, applicable to banks RBI bars FIIs from buying Maruti shares citing that the investment limit under the portfolio investment scheme has been reached SEBI permits lending and borrowing of securities beyond the current 30-day limit, subject to a ceiling of 12 months securities SEBI directs credit rating agencies to conduct an internal audit on a half-yearly basis through the services of a chartered accountant who does not have any conflict of interest with the rating agency SEBI clarifies that regulated finance companies no longer need to show 100% cover while selling unsecured debt instruments to raise capital SEBI announces that it is mandatory to provide PAN in transposition of shares where there is a change in the order of names in which physical shares are held jointly by two or more shareholders SEBI details a six-member advisory committee to oversee its investor protection and education fund SEBI has allowed SBI, ICICI Bank and 14 other banks to accept application supported blocked amount (ASBAs) to enable better participation by corporate investors and HNIs in IPOs or rights issues IPOs or rights issues SEBI approves standardised lot size for derivative contracts on individual securities based on various price band of the underlying security AMFI bars four Mutual fund agents for mis-selling
PFRDA to launch a low cost pension scheme on April 1 to provide social security cover to economically weaker sections IRDA says it will come out with guidelines for initial public offers by insurance companies within a fortnight to allow the firms to raise funds from the capital market IRDA set to link the amount of capital that companies need to earmark for their business with the economic cycle IRDA tells life insurance players to inject capital at frequent intervals to achieve growth in premium income IRDA penalizes 10 insurance companies for violating various norms and regulations during 2008-09 TRAI tells the Supreme Court that tariff fixation for DTH services required to be considered in the light of entire distribution market A senior CCIL official says banks will soon get to strike forex forwards and swap deals with each other anonymously on a screen, just as shares and government bonds are traded electronically The Income Tax department estimates that around Rs.1000cr of taxes may have been evaded by producing bogus investment losses The oil & gas sector regulator has sent notices to the government and state-run oil companies IOC, BPCL and HPCL for selling petrol and diesel below the cost following the directions of an appellate tribunal Supreme Court rules that the advance against depreciation collected by way of tariff to mobilize additional cash by power generation companies is not income for the purpose of determination of their net profit The Supreme Court issues a notice to Mukesh Ambani's Reliance Gas Transportation Infrastructure on petitions filed by Gujarat farmers seeking compensation for use of their land to lay a gas pipeline land to lay a gas pipeline Drugs Controller General of India recommends a price cap for anti-cancer medicines
