REGULATIONS


Moneylife Digital Team 10 February 2025
The Reserve Bank of India (RBI) has approved the voluntary amalgamation of two urban cooperative banks (UCBs). The first amalgamation is between Goa-based Citizen Cooperative Bank (CCB) and Thane, Maharashtra-based TJSB Sahakari Bank (TJSB). At the same time, the second involves Satara-based...

Read More



Moneylife Digital Team 10 February 2025
In its ongoing efforts to combat insider trading and improve market transparency, the Securities and Exchange Board of India (SEBI) has proposed to extend the automated closure of the trading window before the declaration of financial results to the immediate relatives of designated persons of...

Read More



When aiming to protect investors by eliminating fraudsters, what approach should one take? Should the focus be on pursuing the crooks, or imposing additional regulations and tracking requirements on legal, registered intermediaries attempting to run a clean business?   The Securities &...

Read More



Moneylife Digital Team 07 February 2025
In a major crackdown on unregistered investment advisory services, the Securities and Exchange Board of India (SEBI) has issued an interim order against Asmita Patel Global School of Trading Pvt Ltd (APGSTPL), its director Asmita Patel, her husband Jitesh Jethalal Patel and associated entities,...

Read More



Moneylife Digital Team 07 February 2025
As expected, the Reserve Bank of India (RBI), in its first monetary policy committee (MPC) meeting for 2025, decided to cut the repo rate, the central bank's rate for short-term loans to banks, by 25bps (basis points) to 6.25% from 6.5%. Consequently, the standing deposit facility (SDF) rate is...

Read More



Moneylife Digital Team 07 February 2025
Market Regulator Securities and Exchange Board of India (SEBI) imposed a penalty of Rs34 crore on Brightcom Group Ltd (BGL) (noticee 1), the company promoters, and other key individuals involved in financial misreporting. BGL promoters M Suresh Kumar Reddy, former chairman and managing director...

Read More



Moneylife Digital Team 06 February 2025
After superseding the board of directors of Aviom India Housing Finance Pvt Ltd and appointing Ram Kumar, former chief general manager (CGM) of Punjab National Bank, as the administrator, the Reserve Bank of India (RBI) filed an application before the New Delhi bench of the national company law...

Read More



Moneylife Digital Team 05 February 2025
Market regulator Securities and Exchange Board of India (SEBI), has imposed a penalty of Rs6 lakh on Junjharji Investment Pvt Ltd (JIPL) for multiple regulatory violations, including the misuse of client funds, false margin reporting, failure to settle funds, improper handling of client...

Read More



Moneylife Digital Team 05 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on eight entities, including DB Realty Ltd (DBRL) (now known as Valor Estate) (noticee 1), the company promoters and key officials, following significant violations of financial disclosure...

Read More



Moneylife Digital Team 05 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has announced a new regulatory framework to ensure the safer participation of retail investors in algorithmic (algo) trading. The new rules, outlined in a circular issued on 4 February 2025, aim to establish proper checks &...

Read More



Moneylife Digital Team 04 February 2025
Market regulator Securities and Exchange Board of India (SEBI) proposed mandating digital assurances of financial statements of top-100 listed companies to create greater transparency and trust in the financial disclosures made by the listed entities. Reporting on digital assurance will be...

Read More



Moneylife Digital Team 03 February 2025
While holding Ramit Chaudhri, former design head of Infosys Ltd, and Keyur Maniar, former senior vice-president and global head for securities and capital markets of Wipro Ltd responsible for insider trading in Infosys scrip, Securities and Exchange Board of India (SEBI) has imposed a total...

Read More



Moneylife Digital Team 03 February 2025
Holding chartered accountant (CA) Neeraj Bansal guilty of professional misconduct in the audit of Religare Finvest Ltd (RFL) for FY17-18, the national financial reporting authority (NFRA) has imposed a penalty of Rs5 lakh on the CA. CA Bansal, who was the engagement partner (EP), is also barred...

Read More



Moneylife Digital Team 03 February 2025
Reserve Bank of India (RBI) has imposed penalties of Rs94.80 lakh on Equitas Small Finance Bank Ltd, India Post Payments Bank Ltd and Aptus Finance India Pvt Ltd, a non-banking financial company (NBFC), for non-compliance with the directions issued by the banking regulator. The highest penalty...

Read More



Moneylife Digital Team 03 February 2025
Market regulator  Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3.05 crore and banned 11 entities from participating in the market for a period ranging from one to five years for their involvement in a fraudulent scheme involving the scrip of Pressure Sensitive...

Read More



Moneylife Digital Team 03 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has barred Chanchal Agarwal, proprietor of sharepati.com, for one year for providing unregistered investment advisory services. While imposing a fine of Rs1 lakh, SEBI also asked Mr Agarwal to refund Rs54.35 lakh collected as fees...

Read More



Moneylife Digital Team 01 February 2025
Presenting her eighth Union Budget, finance minister Nirmala Sitharaman unveiled plans to roll out a revamped central know-your-customer (CKYC) registry in 2025, aimed at simplifying the KYC process for investors while enhancing data security.   The updated registry seeks to address growing...

Read More



Sucheta Dalals 31 January 2025
After staunchly defending Madhabi Puri Buch, chairperson of the Securities & Exchange Board of India (SEBI), to the extent that its board and the finance ministry refused to even examine charges against her or call for an explanation, the government has now advertised for applications for the...

Read More



Earlier this month, Tata Steel Ltd informed the stock exchanges of moving a curative petition against the nine-judge constitutional bench decision of the Supreme Court in July 2024 holding that the state governments have power to levy tax on mineral rights.    Earlier in September 2024, the...

Read More



Moneylife Digital Team 31 January 2025
Market Regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs62 lakh on Cerebra Integrated Technologies Ltd (CITL) and its key management, including the managing director (MD), whole-time director (WTD) and chief financial officers (CFOs), following an investigation...

Read More

Free Helpline
Legal Credit
Feedback