REGULATIONS


Moneylife Digital Team 20 March 2025
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 19 March 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed penalties of Rs20 lakh on four entities for engaging in non-genuine trading activities within the illiquid stock options segment of the BSE. Each implicated entity has been fined Rs5 lakh for participating in these...

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Moneylife Digital Team 18 March 2025
Calling for a paradigm shift in grievance redressal through the adoption of artificial intelligence (AI), Reserve Bank of India (RBI) governor Sanjay Malhotra emphasised the importance of leveraging AI technology to streamline customer complaints and build consumer trust. He was speaking at the...

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Moneylife Digital Team 18 March 2025
Despite the Indian government's stringent ban on surrogate advertising, a recent survey conducted by LocalCircles reveals that surrogate advertisements for liquor and tobacco brands continue to thrive across various media. An overwhelming 79% of consumers surveyed stated that they are still...

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Moneylife Digital Team 18 March 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs9.50 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs5 lakh has been imposed on Baramulla Central Cooperative Bank Ltd from Jammu and Kashmir (J&K).   Other...

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Moneylife Digital Team 18 March 2025
Reserve Bank of India (RBI) has cancelled the certificates of registration (CoR) of 10 non-banking financial companies (NBFCs) from West Bengal. RBI has not provided any specific reason for cancelling the CoR of these NBFCs. Separately, following their exit from the non-banking financial...

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Moneylife Digital Team 17 March 2025
In a significant development regarding the ongoing IndusInd Bank crisis, the joint auditors of the Hinduja group-promoted bank have formally requested a forensic audit of its troubled derivatives portfolio, according to an Economic Times report. MP Chitale & Co and MSKA & Associates, the bank's...

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SN Thyagarajan (Bar  and   Bench) 17 March 2025
The National Company Law Appellate Tribunal (NCLAT) has ordered an enquiry by the Principal Bench of National Company Law Tribunal (NCLT) into the functioning of the NCLT's Chennai Bench after citing irregularities in an order passed by the NCLT in 2022.   The order was passed by a Bench of...

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Moneylife Digital Team 17 March 2025
Reserve Bank of India (RBI) has imposed penalties of Rs5.10 lakh on JM Financial Products Ltd, a non-banking financial company (NBFC), and Experian Credit Information Company of India Pvt Ltd (Experian India) for non-compliance with the directions issued by the banking regulator. The highest...

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Moneylife Digital Team 17 March 2025
The Securities and Exchange Board of India (SEBI) is in the process of finalising standard operating procedures (SOPs) to ensure uniformity in the application of settlement regulations amid a growing number of settlement cases. SEBI's whole-time member Kamlesh Chandra Varshney informed that the...

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Moneylife Digital Team 17 March 2025
Updated at 10.20am on 24 March 2024 to include comment from Bhupen Dalal, chairman of Foods and Inns Market regulator Securities and Exchange Board of India (SEBI) has levied a total penalty of Rs4 lakh on Milan Dalal, managing director (MD) and Moloy Saha, chief executive officer (CEO) of...

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The legal framework surrounding fair comment, influence-peddling, defamation and fraud in social media interactions is still evolving. As always, those exploiting social media’s vast reach for business gains are ahead of regulators tasked with preventing abuse. The situation is further...

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The unprecedented revelation of an accounting fluff by the fifth biggest private bank in the country is not a routine year-end journal entry to gloss over. Nor the niceties to be observed to await a full investigation report to air one's prima facie views!   Leaving aside many other alarming...

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Moneylife Digital Team 13 March 2025
The Reserve Bank of India (RBI) has widened its investigation into derivative exposures of multiple private and state-run banks following significant accounting discrepancies revealed by IndusInd Bank. This expanded probe comes after IndusInd Bank disclosed lapses in its derivatives accounting...

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Moneylife Digital Team 12 March 2025
Securities and Exchange Board of India (SEBI) has introduced a new framework that reduces the timeline for completing a rights issue to 23 working days from the board approval date. This marks a significant reduction from the current average of 317 days which has often been a barrier for...

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Moneylife Digital Team 12 March 2025
HDFC Securities Ltd (HDFC Sec) paid Rs65 lakh to market regulator Securities and Exchange Board of India (SEBI) for settling multiple regulatory violations related to the broker's information technology (IT) systems, disaster recovery mechanism and cybersecurity.   SEBI issued a show-cause...

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Moneylife Digital Team 11 March 2025
Market regulator Securities and Exchange Board of India (SEBI) has issued a regulatory warning to IIFL Capital Services Ltd (IIFL Capital) over lapses in due diligence related to debt securities. The warning, received by IIFL Capital on 10 March 2025, follows an inspection of the company’s...

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SN Thyagarajan (Bar  and   Bench) 11 March 2025
The Bombay High Court recently ruled that a Limited Liability Partnership (LLP) can be bound by an arbitration clause in its partnership agreement, even if the LLP itself is not a signatory to the agreement.    The Court held that an LLP, as the central entity governed by the partnership...

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Moneylife Digital Team 11 March 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs20 lakh on Khemani Distributors and Marketing Ltd (KDML) and the company's five associated entities for multiple regulatory violations. These violations include misclassifying promoter group entities,...

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Moneylife Digital Team 10 March 2025
Tuhin Kanta Pandey, the newly-appointed chairperson of the Securities and Exchange Board of India (SEBI), made his first speech after assuming charge at the Moneycontrol Global Wealth Summit 2025. However, there is a lot of speculation about a line on 'conflict of interest' missing from Mr...

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