Home-buyers Get Priority over Banks in Case of Builder Defaults, Rules SC

In a significant order giving relief to lakhs of home-buyers, the Supreme Court (SC) has ruled that the interest of home buyers is more important...


Failure of builder to obtain occupation certificate is deficiency in service under Consumer Protection Act: SC

A Supreme Court bench of Justices D Y Chandrachud and A S Bopanna has ruled that the failure of a builder to obtain occupation certificate is a...


RERA: Builders Can Deduct from Deposited Amount if Buyer Opts Out for No Reason

Haryana Real Estate Regulatory Authority (Haryana RERA) in a recent order has said that the builders are entitled to deduct or forfeit the deposited...


Govt Increases Differential between Circle Rate and Ready Reckoner to Help Developers

In a major boost to the residential real estate sector, the government has provided tax relief to both homebuyers and realty developers by increasing...


Builders can now Face Multiple Convictions for same Case: HC

The Delhi High Court in a landmark verdict ended the current practice of the Delhi Police to lodge a single FIR in case of cheating of a large number...


Refund Rs53 lakh to two Home Buyers, NCDRC asks Unitech

The National Consumer Disputes Redressal Commission has asked real estate firm Unitech to refund within three months Rs 53,73,561 to Gurgaon...


National Consumer Disputes Redressal Commission directs Greater Noida builder to give refunds to buyers

NCDRC has asked the real estate company from Greater Noida to issue refunds to the buyers on failure to construct the homes at its site since launch


UP-RERA plans to adopt projects left midway by developers

Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) has resolved to adopt projects that have been abandoned by builders’ midway and whose...


Jaypee homebuyers can sue Jaiprakash Associates after SC order

The Supreme Court has declined to stay the apex consumer commission's order, which held that homebuyers in Jaypee Infratech Ltd (JIL) can move the...


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Changes in Our Business Model
25th Sept 2020
Greetings from Moneylife Advisory Services
Between financial years 2019-21, SEBI has come up with extensive changes to investor advisor regulations. On Sep 23, 2020, SEBI had issued new additional guidelines. This comes just two months after extensive changes announced in July 2020. Earlier, in December 2019 there was an ad hoc circular
As a result of these changes, IAs, cannot accept fees through credit cards, will have to sign a 26-clause investor agreement, have to maintain physical record written & signed by client, telephone recording, emails, SMS messages and any other legally verifiable record for five years. IAs were already asked to record the suitability and rationale for every piece of advice given, sign them and store them for five years.
While these extensive and frequent changes, designed to strengthen the conduct of IAs are well-meaning, these have sharply increased compliance efforts and cost. We, being online advisors, find many of changes harder to implement, compared to advisors working in the physical space. We will have to have an army of advisors, administrative and tech staff to be compliant. If we do this, we will have to divert money to these areas and the cost of our service will double. We want to remain the least-cost service in the market to benefit more and more people. In the circumstances, we are forced to change our business model from “advisory” to “research”. This will mean the following:
What remains the same:
  • Recommendations on insurance, investment and Lion stocks, will continue as a part of the MAS premium subscription. Our strength has always been research and this will remain available to you through our recommendations.
  • The magazine and all textual content will remain as part of the service
  • We will have to suspend the restructuring tool.
What changes:
  • The interactions in Ask / Handholding will offer investment advice but not specific to your situation. It will offer information on investment products and also clarify your doubts about various financial products. It will be a forum for information, not for advice. This will be implemented with immediate effect and our guidelines in Ask, reflect this now.
Over the next few weeks our site and our communication to you will reflect these and other additional changes.
We feel this will not affect you much in terms of what really matters in investing: knowing what to buy and when to buy. This is our edge and it will still be available to you.
Debashis Basu