REGULATIONS


Moneylife Digital Team 06 October 2022
On 6th October, Securities and Exchange Board of India (SEBI) issued winding up order against Brickwork Ratings citing "failure to exercise proper skill, care and diligence, while discharging its duties as a credit rating agency".   The market regulator has also asked them to...

Read More



Sucheta Dalal Sucheta Dalal 06 October 2022
Sometimes, no news is good news. After seven long years of turmoil, the very fact that the National Stock Exchange (NSE) is not making headlines for the wrong reasons sounds good. But is that good enough? India’s premier exchange has been badly battered by the co-location (Colo) scam,...

Read More



The Centre has told the Supreme Court that it would develop a model builder buyer for sale containing 'core' clauses in consonance with the mandatory provisions of the Real Estate (Regulation and Development) Act 2016, for the protection of home buyers.   A bench of Justices D.Y....

Read More



Moneylife Digital Team 06 October 2022
Capital market regulator Securities and Exchange Board of India (SEBI) has imposed penalties totalling Rs3.42 crore on 10 entities, including Birla Pacific Medspa and Yashovardhan Birla, for violating listing agreements as well as diverting proceeds from the initial public offer of Birla...

Read More



Moneylife Digital Team 06 October 2022
The Securities and Exchange Board of India (SEBI) on Tuesday imposed a penalty of Rs10 crore on CG Power and Industrial Solutions  former chairman Gautam Thapar, and barred him from the securities market for five years, for unfair trade practices pertaining to the company. Former chief...

Read More



Moneylife Digital Team 04 October 2022
The Securities and Exchange Board of India (SEBI) on Monday cautioned the public against unauthorised money mobilisation by entities claiming to provide portfolio management services (PMS).   The market regulator said in a statement that it has found that some entities are collecting...

Read More



Moneylife Digital Team 03 October 2022
At its board meeting on Friday, the Securities and Exchange Board of India (SEBI) approved several capital market proposals, including tighter disclosure requirements for initial public offerings (IPOs), allowing companies to make confidential pre-filing of offer documents, and easing open...

Read More



Moneylife Digital Team 03 October 2022
Markets regulator Securities and Exchange Board of India (SEBI) on 2nd October informed that it has imposed penalties totalling Rs6 lakh on three individuals for violating the insider trading norms in the shares of PVR Ltd.   The individuals—Gautam Dutta (noticee 1), NC Gupta (noticee...

Read More



Moneylife Digital Team 03 October 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Kanika Arora, compliance officer of Urja Global Ltd, in the Zacobite case. At the same time, the adjudicating officer (AO) of SEBI disposed adjudication proceedings against Sumit Bansal and...

Read More



Moneylife Digital Team 03 October 2022
Market regulator Securities and Exchange Board of India (SEBI) on Friday said it has lined up as many as 69 properties of Saradha group of companies for an auction on 1st November at a reserve price of Rs 30 crore. The move is part of SEBI's efforts to recover money raised by the company from...

Read More



Moneylife Digital Team 03 October 2022
Capital markets regulator Securities and Exchange Board of India (SEBI) has barred two individuals and two entities from the securities markets for providing investment advisory services without the regulator's authorisation.    The regulator has restrained Mahankal Capital, its...

Read More



Moneylife Digital Team 03 October 2022
In the high-profile WhatsApp case, Securities and Exchange Board of India (SEBI has dismissed insider trading charges against individuals, who circulated alleged unpublished price-sensitive information about the financial results of certain companies, including TCS and Ultratech...

Read More



Moneylife Digital Team 03 October 2022
Market regulator Securities and Exchange Board of India (SEBI) has moved the Supreme Court (SC) against New Delhi Television (NDTV), the media company revealed in an exchange filing. The market regulator has filed an appeal in the apex court over an order passed by the Securities Appellate...

Read More



Sucheta Dalal Sucheta Dalal 30 September 2022
Now that the Gujarat International Finance Tec-City (GIFT City) is out of the shadows of the beleaguered Infrastructure Leasing and Financial Services (IL&FS), it is finally on its way to achieve a part of the promise showcased at Vibrant Gujarat in 2007, just before the global financial...

Read More



Moneylife Digital Team 30 September 2022
The unified payments interface (UPI), set up in April 2016 by the National Payments Corporation of India (NPCI), continues to make waves and grow. But neither the growth nor the dominant players are the ones who were anticipated to dominate the market, leading to preventing NPCI's 5 November...

Read More



IANS 30 September 2022
The tokenisation of debit/credit card details will happen from October 1 onwards even though there may be laggards unwilling to comply with the regulations, said a senior official of the Reserve Bank of India (RBI).   According to RBI Deputy Governor T. Rabi Shankar, a total of 35...

Read More



Moneylife Digital Team 29 September 2022
Oracle Corporation paid a bribe of more than US$400,000 to officials from a company owned by the Indian ministry of railways in 2019, during the tenure of Union minister Piyush Goyal. This explosive detail is part of the settlement negotiated by Oracle with US Securities and Exchange...

Read More



IANS 29 September 2022
The finance ministry on Thursday clarified that premature closure of an account under the Senior Citizens' Savings Scheme (SCSS) does not get triggered due to the death of account-holder, but is applicable only when the account holder requests for the account's closure before the maturity...

Read More



Yogesh Sapkale Yogesh Sapkale 29 September 2022
With the Reserve Bank of India (RBI)'s deadline for card tokenisation ending on 30th September (unless it is extended again), many debit and credit card-holders are worried about making payments online after 1st October. As per RBI's framework for card-on-file (CoF) tokenisation (CoFT),...

Read More



IANS 29 September 2022
The enforcement directorate (ED) on Thursday said it has frozen the bank balance to the tune of Rs21.14 crore of OctaFx and related entities in the case of illegal online forex (foreign exchange) trading through international brokers namely OctaFx trading app and website octafx.com under FEMA...

Read More

Free Helpline
Legal Credit
Feedback