REGULATIONS


Moneylife Digital Team 15 November 2022
The Reserve Bank of India (RBI) has imposed monetary penalties on nine cooperative banks, including two each from Gujarat, Madhya Pradesh (MP) and Odisha and one each from Maharashtra, Jharkhand and Chhattisgarh. All these lenders were found violating RBI's guidelines, including on loans and...

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IANS 14 November 2022
The real estate regulatory authority (RERA) Gurugram has directed Vatika Limited to refund full amount to the allottee to whom the builder failed to deliver the unit even after a delay of more than five years.   The allotted was entitled for the possession of the unit on March 19,...

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IANS 14 November 2022
The Supreme Court has dismissed a petition by Securities and Exchange Board of India (SEBI) by a 2:1 majority opinion, seeking review of its 5th August  judgement, which directed the market regulator to share certain documents with Reliance Industries (RIL).   In an order, a bench...

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Moneylife Digital Team 14 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has introduced a regulatory framework to facilitate providers of online bond platforms that are selling listed debt securities.   Such a person would have to comply with the conditions of registration and such other...

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Moneylife Digital Team 14 November 2022
In order to streamline the disclosure requirements,  the Securities and Exchange Board of India (SEBI) has proposed mandating top-250 listed companies to confirm or deny any information reported in the mainstream media which may have material effect on the listed entity.   In...

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Sucheta Dalal Sucheta Dalal 11 November 2022
Professionals dealing with the resolution process under the Insolvency and Bankruptcy Code (IBC) narrate innumerable malpractices, but usually do not want to be named, since they would be replaced and, later, ostracised by banks who invariably act in concert as secured lenders. They report...

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Ranganathan V Ranganathan V 11 November 2022
The 1980s witnessed a major mushrooming of finance companies of different shades that constituted a significant part of the hype in the capital markets when funds were raised at elevated valuations and brought up, for the first time, the question of how a business, that was most...

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Moneylife Digital Team 11 November 2022
The Securities Appellate Tribunal (SAT) on Thursday stayed the Securities and Exchange Board of India (SEBI)’s 21st October order against Bombay Dyeing & Manufacturing Co. Ltd and its promoters over misrepresenting financial statements from FY11-12 to FY17-18.   A tribunal bench led...

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IANS 11 November 2022
The Supreme Court has issued a contempt notice to the Securities and Exchange Board of India (SEBI) on Reliance Industries (RIL) plea alleging non-compliance of the court's August 5 order, which directed the market regulator to provide access to certain documents to the company.   A...

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Peter Elkind (ProPublica) 11 November 2022
This story was originally published by ProPublica.   The health complaints started rolling in within weeks of the activation of a new cellphone tower in August 2020 in Pittsfield, an old factory town in Massachusetts’ Berkshire Mountains. Seventeen residents reported headaches,...

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Moneylife Digital Team 10 November 2022
The National Stock Exchange (NSE) on Thursday warned investors not to fall prey to investment schemes with assured returns offered by Sameer Gulabrao Thite associated with “wealth management company” Samsan Unitrade.   The exchange pointed out that the person and the entity are not...

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Moneylife Digital Team 10 November 2022
Market regulator Securities and Exchange Board of India (SEBI) is seeking public comment on a report submitted by a committee on strengthening the governance of market infrastructure institutions (MIIs). The committee headed by G Mahalingam, former whole-time member (WTM) was appointed to...

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Moneylife Digital Team 09 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has issued a master circular on the redressal of investor grievances through the  SEBI Complaints Redress System platform (SCORES) platform and said the option of one-time review is available in case the complainant is not...

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Moneylife Digital Team 09 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has issued a consultation paper on cloud framework. SEBI has apprised that the proposed cloud framework will guide regulated entities (RE) to adopt cloud computing for augmenting the business prospects by scalability, reduced...

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Moneylife Digital Team 09 November 2022
Bombay Dyeing and Manufacturing Company on Monday said that it has moved the Securities Appellate Tribunal (SAT) against the Securities and Exchange Board of India's (SEBI’s) 21st October order. According to a financial report filed by the company on stock exchanges, it said that “The company...

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IANS 07 November 2022
The Haryana Real Estate Regulatory Authority (HRERA), Gurugram ordered Vatika Limited to refund money to 28 allottees with interest at the prescribed rate. The order has come in the backdrop of a project in which the promoter failed to commence construction even at the primary...

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Moneylife Digital Team 07 November 2022
The capital market regulator Securities and Exchange Board of India (SEBI) settled 107 applications pertaining to flouting of securities law and fetched Rs59 crore through settlement charges in financial year (FY) 2021-22. This was way lower than 216 applications disposed by passing...

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IANS 07 November 2022
The Central Consumer Protection Authority (CCPA) has passed an order against Cloudtail India Pvt. Ltd. for violation of consumer rights and unfair trade practice by selling domestic pressure cookers in violation to mandatory standards prescribed as per Domestic Pressure Cooker (Quality...

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Sucheta Dalal Sucheta Dalal 05 November 2022
Do banks charge for transactions through the Unified Payments Interface (UPI) after a certain number of debits, when they are supposed to be free? Anyone who has used the platform would answer with an unequivocal no, barring three—an IIT professor who researches banking issues, a former...

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Moneylife Digital Team 05 November 2022
All India Bank Employees' Association (AIBEA) has demanded disqualification and a ban on financial services-provider Vakrangee Ltd for the company's repeated non-compliance with the rules and regulations of the Reserve Bank of India (RBI).   CH Venkatachalam, general secretary of...

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