Thu, Oct 11 2007. 12:53 AM IST
Mint EXCLUSIVE PARTNER THE
The regulations prescribe a certification process for each investment adviser, their general obligations and disclosure requirements to clients
The regulations also categorically define the “investment advice” as advice rendered for sale or purchase of securities for a consideration, which could also be a non-cash consideration.
Mint reported about these regulations on 30 September and 5 October. These regulations have excluded advisers in the media and those who do not give advice on specific securities.
The regulations also prescribe a certification process for each investment adviser, their general obligations and disclosure requirements to clients.
Advisers have to disclose the amount of compensation, commission or rewards they receive for recommending a stock to the client. Advisers complying with the norms will be eligible for certification by a self-regulatory organization, which may be prescribed by Sebi.
Intrex
Mumbai: Essel Group-owned Intrex India Ltd, which promotes prepaid payment solution Itz Cash, has received $10 million (Rs39.3 crore) funding from venture capital (VC) firms Matrix Partners India and Intel Capital.
A Matrix spokesperson confirmed the deal but gave no details of the size of the stake. Matrix managing director Avnish Bajaj was not available for comments.
Itz Cash is a multi-purpose prepaid cash card that enables consumers to shop online, book railway tickets, buy Internet connection packages and pay utility bills.
It was launched in 2003 primarily to attract buyers for the group’s Playwin lottery game.
Pacifica to set up hotel, other projects in Gujarat
Mumbai: The
The decision to sell the property was taken on Tuesday by an empowered committee set up by the state cabinet.
http://www.livemint.com/2007/10/11005348/Sebi-unveils-draft-rules-for-i.html
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