REGULATIONS


Moneylife Digital Team 28 January 2022
The National Stock Exchange (NSE) has declared Delhi-based Omkam Capital Markets  Pvt Ltd as a defaulter and expelled it from its membership.   This is the 29th broker default on NSE since November 2019 and Moneylife has been covering this issue in great detail. (Read: 20 Broker...

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The International Monetary Fund (IMF) has warned El Salvador to no longer use Bitcoin as a legal tender, citing large risks for financial and market integrity, financial stability and consumer protection.   El Salvador in September last year became the first country in the world to...

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Moneylife Digital Team 25 January 2022
The Indian government on Tuesday notified the amalgamation of Punjab & Maharashtra Co-operative Bank Ltd (PMC Bank) with Unity Small Finance Bank Ltd (USFBL). Following the amalgamation, all branches of PMC Bank will function as branches of USFBL from 25 January 2022, says Reserve Bank of...

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Moneylife Digital Team 24 January 2022
On 5 January 2022, when the trading window was closed, there was a purchase of 4,900 shares of ICICI Bank in the account of Rama Bijapurkar, who was an independent director (ID) of the Bank. On 20th January, she submitted her resignation as ID from the Bank. The next day, ICICI Bank imposed a...

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Moneylife Digital Team 24 January 2022
The Union government has decided to amend the National Dairy Development Board (NDDB) Act to address the acts of errors and omissions and a flagrant violation of the spirit and the letter of the law in the existing Act. The department of animal husbandry and dairying under the Union ministry...

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Sucheta Dalal Sucheta Dalal 21 January 2022
India’s investor population has nearly doubled since the lock-down forced by the COVID pandemic in March 2020. This means that over half the investors today—almost 20 million of them—are first-time investors in the stock market. They are attracted by a ferocious bull run that has allowed many...

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Moneylife Digital Team 19 January 2022
Calling the partnership between State Bank of India (SBI) and Adani Capital Pvt Ltd as ‘worrisome’, the Peoples’ Commission on Public Sector and Public Services (PCPSPS) has asked the Reserve Bank of India (RBI) to reconsider its policy and reverse the deal between the country’s largest...

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Moneylife Digital Team 18 January 2022
To avoid unnecessary delays in legal matters, about 900 stockbrokers want market regulator Securities and Exchange Board of India (SEBI) to be brought under the ambit of the law of limitation.    In a representation to Ajay Seth, secretary in the department of economic affairs (DEA),...

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The Supreme Court (SC) on Monday told the Centre that it does not favour individual state governments to have a builder-buyer agreement and rather prefers a national-level model agreement, to deter builders from fleecing unwitting home-buyers.   A bench of Justices DY Chandrachud and...

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Moneylife Digital Team 17 January 2022
Market regulator Securities and Exchange Board of India (SEBI) says it is examining the possibility of introducing alternate dispute resolution (ADR) mechanism in various agreements between the regulated entities and their clients. “This is with a view to providing an efficacious mechanism...

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Facing the government's ire over allegedly luring parents in the garb of offering free services and targeting the vulnerable families, leading edtech companies under the aegis of Internet and Mobile Association of India (IAMAI) on Wednesday announced the formation of the India EdTech...

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In a first of its kind study, researchers at the Indian Institute of Technology, Madras (IITM), are studying the impact of algorithmic traders (ATs) on the stock market.   They also said a selective regulation of Proprietary Algorithmic Traders' (PAT) strategies is...

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Moneylife Digital Team 10 January 2022
“If the relationship between the board and the management is not one of constructive tension, I believe no company will extract value from the board and know the board will extract value from the bench. While peaceful coexistence was a very good philosophy, it does not work in board rooms,”...

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Sucheta Dalal Sucheta Dalal 31 December 2021
Investors, depositors and employees of RBL Bank, and those whose job it is to track the banking world, had their Christmas celebrations rudely disrupted with a bombshell communication to stock exchanges from its board of directors. It said that Vishwavir Ahuja, managing director (MD) and...

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Moneylife Digital Team 31 December 2021
The Union government has notified the Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021. Under the revision, the district commission can entertain complaints where the value of the goods or services paid as...

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IANS 30 December 2021
The Reserve Bank of India on Thursday extended the last date for Know Your Customer (KYC) updation for bank accounts by three months to March 2022.   The RBI, through a notification, said it is extending the deadline in view of the "prevalent uncertainty due to new variant of...

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IANS 30 December 2021
The Reserve Bank of India (RBI) on Wednesday said the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated risks.   According to the report,  cryptocurrencies pose immediate risks of frauds, to anti-money-laundering...

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Moneylife Digital Team 28 December 2021
After the Franklin Templeton debt mutual fund (MF) debacle and long-drawn litigations that followed, market regulator Securities and Exchange Board of India (SEBI) has decided to mandate trustees of a mutual fund (MF) to obtain the consent of the unit-holders when the majority of the trustees...

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IANS 24 December 2021
The Reserve Bank of India on Thursday extended card tokenisation deadline by six months till June 30, 2022, from the earlier deadline of December 31, 2021.   "The timeline for storing of CoF (card-on-file) data is extended by six months, i.e., till June 30, 2022; post this, such data...

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IANS 22 December 2021
The Merchant Payments Alliance of India (MPAI) and the Alliance of Digital India Foundation (ADIF) on Wednesday urged the Reserve Bank of India (RBI) to extend the card-on-file (CoF) tokenisation deadline of 31st December for merchants.   Citing several operational challenges that...

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