REGULATIONS


Moneylife Digital Team 07 October 2024
Amidst the controversy of Madhabi Puri Buch, chairperson of the Securities & Exchange Board of India (SEBI), earning money from employee stock ownership plan (ESOP) proceeds and her denial of this, Dr Nanda Kumar from Cochin pointed out a loophole in SEBI's extant rules and guidelines that...

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Five years after his passing, and nearly a decade after his 2015-16 Budget speech, India’s savers have many reasons to remember the late finance minister Arun Jaitley. His tenure marked the last time a serious conversation took place within the government about the vast reserves of unclaimed...

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Moneylife Digital Team 04 October 2024
In a significant move aimed at simplifying asset transmission and boosting investor convenience, the Securities and Exchange Board of India (SEBI) has approved several amendments to its regulations governing nomination facilities in the Indian securities market. The new norms, which were...

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Moneylife Digital Team 04 October 2024
National Stock Exchange (NSE) has paid Rs643 crore for itself and on behalf of nine others, including its former managing director and chief executive officer (MD&CEO) Vikram Limaye, has paid Rs643 crore to settle a case related to bypassing trading access point (TAP) system. Securities and...

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Moneylife Digital Team 02 October 2024
The competition commission of India (CCI) has approved the acquisition of Bharat Serums and Vaccines Ltd (BSV) by Mankind Pharma Ltd. The proposed transaction involves the acquisition of 100% shareholding of Bharat Serums and Vaccines by Mankind Pharma.   In July, Mankind signed an agreement...

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Moneylife Digital Team 02 October 2024
Securities and Exchange Board of India (SEBI) put a stricter framework in place for equity index derivatives by increasing the minimum contract size and mandating upfront collection of option premiums to curb speculative trading. SEBI also introduced new stress testing methodologies for the...

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Moneylife Digital Team 01 October 2024
The Reserve Bank of India (RBI) says it has observed several irregular practices by gold loan businesses and has asked supervised entities (SEs), including non-banking finance companies (NBFCs), to review their policies and also undertake a portfolio review.   Recently, RBI reviewed the...

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“There are some frauds so well conducted that it would be a stupidity not to be deceived by them,” is an aphorism of Charles Caleb Colton, an English writer of the 18th century.   It is not wise to let this happen often and such should be reserved for the most worthy ones!   The previous...

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Moneylife Digital Team 01 October 2024
Market regulator Securities and Exchange Board of India (SEBI) has cleared a proposal to introduce a new asset class for high-risk profile investors to bridge the gap between mutual funds (MF) and portfolio management services (PMS). The SEBI board also approved the MF light-touch framework for...

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Moneylife Digital Team 01 October 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs10 lakh on Anand Rathi Share and Stock Broker Ltd for breaching stock broker regulations.   In his order, Barnali Mukherjee, adjudicating officer (AO) of SEBI, observed that the stockbroker was under a...

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Moneylife Digital Team 01 October 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed penalties of Rs40 lakh on eight entities found guilty of engaging in non-genuine trading activities within the illiquid stock options segment of the Bombay Stock Exchange (BSE). Each implicated entity has been fined Rs5...

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Moneylife Digital Team 01 October 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1.50 lakh penalty on Jai Bhawani Sahakari Bank Ltd for contravention of the provisions of section 26 A of the Banking Regulation Act (BR Act), non-compliance with directions on know-your-customer (KYC) and maintenance of deposit accounts –...

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Moneylife Digital Team 01 October 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs12 lakh on NSE Data & Analytics Ltd, formerly DotEx International, due to significant lapses in regulatory compliance. Specifically, SEBI says the company failed to properly segregate its information...

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Moneylife Digital Team 01 October 2024
Market regulator, Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs2 lakh on Nirmal Bang Securities Pvt Ltd for scrutiny over significant compliance issues related to the actions of  authorised persons (APs) of the stockbroker.   In an order, Shashi Kumar Valsakumar,...

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Moneylife Digital Team 30 September 2024
The US Securities and Exchange Commission (SEC) has taken action against GQG Partners LLC, an investment firm founded by Rajiv Jain, for obstructing whistleblower protections. The SEC found that GQG's non-disclosure agreements (NDAs) with 12 candidates for employment and a settlement agreement...

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Moneylife Digital Team 30 September 2024
Market regulator Securities and Exchange Board of India (SEBI) imposed a total penalty of Rs73 lakh on seven entities, including the company, its managing director (MD) and non-executive director, while asking them to disgorge Rs38.65 crore, along with simple interest at the rate of 12% per...

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Moneylife Digital Team 30 September 2024
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Fortress Capital Management Services Pvt Ltd for failing to ensure accurate disclosures and comply with regulatory timelines.   In his 17-page adjudication order, Barnali Mukherjee, adjudicating officer (AO) of...

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There are two kinds of people who were lured by the promise of high, tax-free, guaranteed returns on agriculture, promised by Growpital: a) those who are too young to remember the1990s when lakhs of people lost money in agriculture and plantation companies that had promised extraordinary...

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Moneylife Digital Team 27 September 2024
Going one step ahead by sharing dates related to the appointment of Madhabi Puri Buch as chairperson of Securities & Exchange Board of India (SEBI), the Union ministry of finance (FinMin) denied sharing information on dates when Ms Buch and her family declared their financial assets. This was...

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Moneylife Digital Team 27 September 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs63.10 lakh on two cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs61.60 lakh has been imposed on Gujrat-based Surat People's Cooperative Bank Ltd. Bihar Awami Cooperative...

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