Daughters Entitled to Inherit Fathers' Self Acquired Properties in Absence of Will: SC

In a significant ruling, the Supreme Court (SC) said the daughters of a male Hindu, dying intestate, would be entitled to inherit the self-acquired...


SC backs Parents Transferring Property to ‘Caring Children’

If parents transfer property to an offspring who took care of them in old age, it cannot be assumed that the individual exerted undue influence on...


Nominations under Companies Act can’t displace law of succession, says Bombay High Court

Nominations under the Companies Act cannot displace the law of succession or open a third line of succession, the Bombay High Court held


HC: Only legal heirs, not nominees will own deceased’s investments

Justice Gautam Patel declared the much referred to Kokate judgement per incuriam, which means ‘through lack of care’


High Court raps woman who filed pleas over 20 years

The Bombay High Court has put a stop to her litigations of a Sion resident aged 64 years, who filed a number of petitions over the property of Deepak...


Unregistered gift deeds not valid, rules HC

Gift deeds will be valid only after they have been registered, the stamp duty is paid, and all other formalities are completed, the Bombay High Court...


HC strikes down state policy that discriminated against married daughters

The Bombay High Court has struck down a discriminatory state policy that prevented “married daughters“ from seeking transfer of a retail...


Daughters can inherit property held by joint family, rules HC

The Act granted daughters in a Hindu joint family the same right of inheritance as that of a son


HDFC Securities launches 'e-Will' writing service

Preparing a Will is just a click away as brokerage firm HDFC Securities has launched 'e-Will' writing service


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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