REGULATIONS


IANS 13 December 2022
The Parliament's standing committee on finance has rejected the proposal in the Competition Amendment Bill of reducing the timeline of acquisitions to 150 days from the existing 210 days, saying that status quo should remain.   The panel, which is headed by BJP's Jayant Sinha, in a...

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Moneylife Digital Team/ IANS 13 December 2022
The Bureau of Indian Standards (BIS), the national standard body, has issued standards for organisations publishing consumer reviews. The standard prescribes specific responsibilities for the review author and the review administrator.   BIS has come out with an Indian Standard, IS...

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IANS 12 December 2022
The Central government cannot make the Reserve Bank of India's (RBI's) report on the reasons for the failure to control inflation as the RBI Act does not provide for this, the Parliament was told on Monday.   Responding to a question from Lok Sabha member Jayadev Galla on whether RBI...

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IANS 12 December 2022
The central consumer protection authority (CCPA) has imposed a penalty of Rs10 lakh each on GlaxoSmithKline and Naaptol for misleading advertisements of their products.   These are among the five cases where the CCPA has imposed penalties on entities for issuing misleading...

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IANS 12 December 2022
In the wake of the collapse of crypto exchange FTX, the US Securities and Exchange Commission (SEC) has directed publicly-traded companies to tell investors about their involvement with struggling cryptocurrency firms.   The SEC, in a letter to the companies, said that recent...

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One of the best bits of news earlier this month was that the government seems serious about overhauling the bankruptcy Act in Budget 2023. Just six years after it began on a high note, the Insolvency and Bankruptcy Code (IBC) needs serious fixing and not a mere patchwork. Ideally, a draft...

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Every bull run is different from the previous one, not just in the type of stocks and sectors that lead it, but in the social changes it unleashes. The bull run that started in mid-2020 set off two major changes: one, an explosion of new account openings and second, a massive proliferation of...

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Moneylife Digital Team 09 December 2022
Market regulator Securities and Exchange Board of India (SEBI) has suspended the portfolio management services (PMS) registration certificate of Karvy Stock Broking Ltd (KSBL) for just one month, despite widespread violations of the portfolio manager regulations. In fact, even after finding...

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Moneylife Digital Team 09 December 2022
Market regulator Securities and Exchange Board of India (SEBI) on Wednesday sent a notice to Sahara Group firm, its chief Subrata Roy and others asking them to pay Rs6.42 crore within 15 days in a case pertaining to flouting regulatory norms. SEBI has also warned them of attachment of assets...

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Moneylife Digital Team 09 December 2022
Politician and economist Subramanian Swamy has alleged inconsistency in implementing minimum public shareholding (MPS) norms and differential treatment to promoters of certain businesses by the Securities and Exchange Board of India (SEBI).   In a letter to the current SEBI...

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Moneylife Digital Team 09 December 2022
The Securities and Exchange Board of India (SEBI) has received over 30,000 complaints from whistleblowers, according to the regulator’s chief vigilance officer Yatri Dave Vitekar.   Speaking at a conference by Associated Chambers of Commerce and Industry of India (ASSOCHAM) on whistle...

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IANS 09 December 2022
The US Federal Trade Commission (FTC) has sued tech giant Microsoft from acquiring leading video game developer Activision Blizzard and its blockbuster game 'Call of Duty' for $69 billion.   The FTC said that the deal, the largest ever in the video gaming industry, would enable...

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IANS 08 December 2022
The Real Estate Regulatory Authority (RERA) of Gurugram issued non-bailable warrant against 18 city-based builders during the present year.   Non-bailable warrants have been issued by the court of RERA adjudicating officer (AO) against 18 builders in as many as 86 contempt cases at...

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IANS 07 December 2022
The Supreme Court on Tuesday, while hearing petitions challenging the Centre's demonetisation move in 2016, said that it cannot fold its hands and sit because it is an economic policy.   Senior advocate Jaideep Gupta, representing the Reserve Bank of India (RBI), submitted before a...

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IANS 07 December 2022
Indian entities can hedge their exposure to gold price risk in overseas markets on recognised exchanges in the International Financial Services Centre (IFSC), Gujarat, said RBI Governor Shaktikanta Das on Wednesday.   Announcing the Monetary Policy Committee's (MPC) decision to...

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Moneylife Digital Team 07 December 2022
In one more case of illegal investment advisory, the Securities and Exchange Board of India (SEBI) asked Bhopal-based Loftier Investment Advisor and Research Pvt Ltd to refund, within three months, Rs2.07 crore it collected from investors under the pretext of providing good and assured...

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Moneylife Digital Team 06 December 2022
The Supreme Court rejected an appeal filed by Tata Steel Ltd, seeking clearance from all liabilities related to the erstwhile Bhushan Steel Ltd, which it had acquired for Rs35,200 crore through the corporate insolvency resolution process in 2018, says a report. The company had challenged...

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IANS 06 December 2022
Ride-hailing major Uber will pay millions of dollars as settlement with the City of Chicago in the US for listing local restaurants in food delivery apps Uber Eats and Postmates food delivery apps without consent along with charging excess commission fees.   More than 2,500 Chicago...

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TruthInAdvertising.org 06 December 2022
Before its much publicized collapse, FTX was the Tom Brady of cryptocurrency exchanges, widely regarded as one of “the most nimble and best-run crypto companies,” the New York Times reported in early November.   It helped that the crypto exchange had the six-time Super Bowl champion...

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IANS 05 December 2022
Differences have emerged between the key stakeholders, i.e., lenders and process advisers of Reliance Capital over the resolution plan options. The COC is meeting Tuesday to resolve these differences.   With the binding bids coming in at an abysmally low value, the advisers and...

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