INVESTOR ISSUES


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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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The proposal to cut the interest rate on employees' provident fund deposits was dictated by today's realities where returns on other small saving instruments were even lower, Union finance minister (FM) Nirmala Sitharaman told the Parliament on Monday.   The central board of...

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Moneylife Digital Team 15 March 2022
Securities and Exchange Board of India (SEBI) has issued some clarifications on transactions in the units of mutual funds (MFs) and has also shared guidelines for authentication in case of redemption of units.   The clarifications are related to transactions in units of MFs on stock...

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Moneylife Digital Team 11 March 2022
To unearth market misconduct, the Securities and Exchange Board of India (SEBI) has conducted search and seizure operations at the premises of seven individuals and one corporate entity at multiple locations in Ahmedabad and Bhavnagar (in Gujarat), Neemuch (in Madhya Pradesh), Delhi, and...

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A special CBI court here, hearing the National Stock Exchange (NSE) scam case, took an adverse view of the matter asking "who will invest in India with scams like this?"   CBI Judge Sanjeev Aggarwal of Rouse Avenue Court was hearing the matter in which Anand Subramanian, the ex-Group...

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The Patna High Court (HC) has directed Securities and Exchange Board of India (SEBI) to file its response, in writing on or before 25th March, on the matter pertaining to repayment to Sahara's investors.   It also directed that a "responsible officer" from the market regulator's head...

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Moneylife Digital Team 08 March 2022
Market regulator Securities and Exchange Board of India (SEBI) has decided to increase the limit to Rs5 lakh from Rs2 lakh for investment through unified payments interface (UPI) mechanism.   In a circular, SEBI says, "...based on discussions with market participants, and in order to...

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