Sebi gets more power to clamp down on ponzi schemes

Last Updated: Thursday, July 18, 2013, 22:01

The government on Thursday gave more powers to market regulator Sebi to crackdown on ponzi schemes, access phone call records to check insider trading and carry out search and seizure operations.

Govt approves proposal to give Sebi more powers

Last Updated: Wednesday, July 17, 2013, 20:06

The government on Wednesday approved a proposal to amend Sebi Act for providing more powers to the market regulator to crack down on ponzi schemes.

Govt guidelines soon to differentiate genuine, ponzi schemes

Last Updated: Monday, July 15, 2013, 13:45

To make a clear distinction between genuine direct-selling companies and fraudulent ponzi schemes, the government will soon put in place a set of `model guidelines` to be followed by different states in such cases.

Ponzi menace: Govt considering new law to plug regulatory gaps

Last Updated: Sunday, July 7, 2013, 11:45

Concerned over the rising menace of ponzi schemes, the government will bring in a new law to remove regulatory gaps in this regard, Finance Minister P Chidambaram has said.

RBI working on creating public awareness about ponzi schemes

Last Updated: Wednesday, July 3, 2013, 22:13

Amid rising instances of investors getting duped by ponzi schemes, the Reserve Bank Wednesday said it is working on creating more public awareness about such fraudulent schemes.

Govt proposes stronger powers to Sebi to tackle ponzi schemes

Last Updated: Friday, June 28, 2013, 20:39

Besides, the government has also been proposed to provide Sebi with powers to seek information, such as telephone call data records, from from any persons or entities in respect to any securities transaction being probed by it.

‘Five ministers, 8 BJD MLAs linked to ponzi scam i

Last Updated: Wednesday, June 12, 2013, 19:54

Ridiculing the ruling BJD`s Delhi rally, Odisha Jan Morcha on Monday claimed that five ministers and eight ruling party MLAs were involved in the multi-crore chitfund scam in the state.

Ponzi menace needs better surveillance, not new regulator: RBI

Last Updated: Sunday, June 9, 2013, 14:57

Amid huge amounts of public money being collected via various ponzi schemes, the RBI is of the view that setting up a new regulator might not solve the problem and such illegal activities can only be checked by stronger surveillance and better enforcement of laws.

Ponzi schemes: RBI Guv for increasing surveillance, regulations

Last Updated: Wednesday, June 5, 2013, 19:48

In the wake of ponzi schemes and chit fund scams, Reserve Bank Governor D Subbarao Wednesday said there is a need to review the regulations governing these sectors and increase surveillance on such entities.

MCA to cos: Declare public fund raising not in breach of laws

Last Updated: Sunday, June 2, 2013, 14:56

In the wake of huge public money being raised through various ponzi schemes, the government has made it mandatory for new companies to give declarations that no funds would be collected without meeting the applicable norms of Sebi, RBI and other authorities.

Parl panel to submit report on ponzi schemes in Mo

Last Updated: Friday, May 31, 2013, 21:08

A Parliamentary panel looking into chit funds and ponzi schemes in the backdrop of Saradha scam in WB, will give its recommendations on preventing recurrence of such incidents to Parliament in the forthcoming Monsoon session.

Parl panel to submit report on ponzi schemes in Monsoon session

Last Updated: Friday, May 31, 2013, 17:55

A Parliamentary panel looking into chit funds and ponzi schemes in the backdrop of Saradha scam in West Bengal, will give its recommendations on preventing recurrence of such incidents to Parliament in the forthcoming Monsoon session.