INVESTOR ISSUES


Moneylife Digital Team 29 April 2022
Sunness Capital India Pvt Ltd (Sunness Capital) has become the 32nd defaulter broker since May 2019, to be expelled by the National Stock Exchange (NSE). According to NSE, the Bengaluru-based broker's trading rights have been withdrawn in equity, futures & options (F&O) and commodity segments...

Read More



Moneylife Digital Team 29 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs29 crore on nine entities for misutilisation of investor clients' funds and securities and siphoning off funds. Those penalised by SEBI include Amrapali Aadya Trading and Investments Pvt Ltd (AATIPL),...

Read More



Moneylife Digital Team 26 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has streamlined the payment of processing fees through the unified payments interface (UPI) system for shares applied for and allotted during an initial public offering (IPO).    Additionally, the market regulator has...

Read More



Amway India is in trouble again. The global direct-selling company, which Wikipedia refers to as a multi-level marketing (MLM) company, had Rs757.77 crore of its Indian assets attached on 18th April by the enforcement directorate (ED) which investigates economic crime and money laundering. ED...

Read More



Moneylife Digital Team 23 April 2022
Concunsmart Shares and Stock Brokers Pvt Ltd (Concunsmart) has become the 31st broker, since May 2019, to be expelled by the National Stock Exchange (NSE) for non-adherence to regulatory provisions. According to NSE, the Mumbai-based broker's trading rights have been withdrawn in equity,...

Read More



The Enforcement Directorate (ED) on Friday provisionally attached assets worth Rs 6.28 crore in Assam in connection with a Prevention of Money Laundering case registered against Saradha Group of Companies for running illegal Ponzi schemes.   The ED initiated the investigation on the...

Read More



Moneylife Digital Team 20 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a monetary penalty of Rs5 crore each on brothers Malvinder Singh and Shivinder Singh in the Fortis Healthcare matter while also barring the Singh brothers from the securities market for a period of three years. In a...

Read More



Moneylife Digital Team 20 April 2022
Interest-free refundable security deposits are not exigible (liable to be exacted or required) to service tax since they are not collected in consideration for providing a service, rules the Ahmedabad bench of the customs, excise & service tax appellate tribunal (CESTAT).    As per a...

Read More



Moneylife Digital Team 19 April 2022
The Reserve Bank of India (RBI) has imposed monetary penalty of Rs17 lakh on Manappuram Finance Ltd (a non banking finance company mainly known for providing personal loans against gold or gold jewellery) for violating its directions on know your customer (KYC) norms.   The penalty...

Read More



Moneylife Digital Team 19 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has notified the operational guidelines for distributed ledger technology used for blockchains to monitor security and covenants of non-convertible securities.   SEBI had laid out a broad framework in August 2021, and has...

Read More



Moneylife Digital Team 18 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has introduced a risk management framework or risk-o-meter for evaluating the risk level of gold and gold related instruments in which mutual funds are permitted to invest. In a circular, SEBI said that these instruments will be...

Read More



Twitter, Inc. has announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan following an unsolicited, non-binding proposal to acquire Twitter by Tesla CEO Elon Musk.   The Rights Plan, often called the "poison pill", will reduce the...

Read More



Moneylife Digital Team 14 April 2022
Market regulator Securities & Exchange Board of India (SEBI) has invited bids to sell 15 immovable properties in the recovery proceedings against Sun Plant Agro Ltd, Sun Plant Business Ltd, Remac Realty Ltd and their directors through an e-auction platform.    The reserve price for...

Read More



Moneylife Digital Team 13 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has penalised stock exchanges—Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)—for "laxity" on their part in detecting the misuse of clients' securities worth Rs2,300 crore by Karvy Stock Broking Ltd...

Read More



Moneylife Digital Team 13 April 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3 lakh on Yug Securities for flouting norms related to the National Stock Exchange (NSE)'s co-location (Col) facility. SEBI had  received multiple complaints against the broker, pertaining to...

Read More



Dr Nita Mukherjee 09 April 2022
Small amounts clearly add up to a lot for the banking system leading to a policy of denying part of the interest benefit of investors. While investor organisations advise people to make it a point to deposit their public provident fund (PPF) contribution before the 5th of April, in order to...

Read More



Moneylife Digital Team 05 April 2022
Reiterating that Ponzi schemes are banned under Prize Chit and Money Circulation Schemes (Banning) Act, 1978 and as per the Act, state government is the enforcement agency, the Union government says it has asked serious fraud investigation office (SFIO) to probe as many as 84...

Read More



Moneylife Digital Team 05 April 2022
Following the debacle at Karvy Stock Broking Ltd, where investors' power of attorney (PoA) was misused to transfer shares and funds, the Securities and Exchange Board of India (SEBI) has now issued guidelines on the execution of 'demat debit and pledge instruction' (DDPI) for transfer of...

Read More



Moneylife Digital Team 01 April 2022
In a statement isssued on Friday, Nippon Life India Asset Management (NAM) said on Friday that the company and its executives are constantly working along with its legal advisers to assist market regulator Securities and Exchange Board of India (SEBI) on any inquiries in the matter pertaining...

Read More



Moneylife Digital Team 29 March 2022
Market regulator Securities and Exchange Board of India (SEBI) on Tuesday decided to amend regulations to simplify the procedure for transmission of securities, including increasing the threshold limit for documents. SEBI also decided to strengthen the regulatory framework for collective...

Read More

Free Helpline
Legal Credit
Feedback