Daily Archives: February 14, 2016

Scientists detect gravitational waves

By | February 14, 2016

Scientists detect gravitational waves Scientists have finally detected gravitational waves. First proposed by Albert Einstein 1916, gravitational waves are ripples in space and time that are produced when black holes collide and stars explode.

SEBI specify MF scheme limit to invest in case of single issuer

By | February 14, 2016

The Gazette of India EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 12th February, 2016 SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS) (AMENDMENT) REGULATIONS, 2016 No. SEBI/LAD-NRO/GN/2015-16/034.—In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15… Read More »

Amended definition of NPA u/s 2 of SRFAESI act is Valid : Supreme Court

By | February 14, 2016

Issue Section 2(1)(o) of  The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 defines NPA. Prior to its amendment by Act 30 of 2004, NPA is defined as ‘an account of a borrower which has been classified’ by a CREDITOR either ‘as a sub-standard asset or a doubtful asset or… Read More »