REGULATIONS


IANS 10 January 2024
The US Securities and Exchange Commission (SEC) saw its X account hacked for a brief time, with a post claiming it has approved listings for Bitcoin exchange-traded funds (ETFs).   SEC Chair Gary Gensler later clarified in a post on his X account that the agency’s account was...

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Moneylife Digital Team 09 January 2024
Can you imagine an internet service-provider buying or borrowing bandwidth from an established player and selling it dirt-cheap to customers? Well, this is what is happening right now in the credit information and credit score space. Bajaj Finserv has launched Credit Pass, a credit monitoring...

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Moneylife Digital Team 09 January 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs12.75 lakh on five cooperative banks, including three from Gujarat and one each from Telangana and Tamil Nadu, for non-compliance with the directions issued by the banking regulator.    The highest penalty of Rs7 lakh has been...

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Subhash Chandra Agrawal 08 January 2024
The then Union environment minister Jairam Ramesh (UPA regime) had once rightly termed SUVs (sports utility vehicles)  as ‘socially useless vehicles’ misusing the diesel subsidy for the elite rich capable of purchasing these luxury vehicles. Earlier, the then Delhi chief minister Sheila...

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Moneylife Digital Team 05 January 2024
While allowing investors across all categories to short-sell, Securities Exchange Board of India (SEBI) reiterated that no naked short-selling will be allowed. In a circular, SEBI says institutional investors will have to disclose upfront at the time of placement of an order whether the...

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Even as increasingly affluent Indians desperately hunt for holiday destinations, Lavasa City, India’s first planned, private hill station lies in a shambles. Nestling in the majestic Western Ghats and styled on the lines of the Italian town of Portofino, the township is spread across 12,500...

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Moneylife Digital Team 05 January 2024
Strengthening its ongoing efforts to reduce the quantum of unclaimed deposits in the banking system and return such deposits to their rightful owners or claimants, the Reserve Bank of India (RBI) has issued a revised set of instructions. The revised instructions will come into effect from 1...

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Moneylife Digital Team 05 January 2024
Holding chartered accountant (CA) Pawan Jain guilty of professional misconduct and issuing reports to Quess Corp Ltd under the Income Tax (I-T) Act without exercising due diligence and obtaining sufficient information, the national financial reporting authority (NFRA) imposed a penalty of...

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Moneylife Digital Team 05 January 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs13.50 lakh on five cooperative banks, including four from Gujarat and one from Odisha, for non-compliance with the directions issued by the banking regulator.    The highest penalty of Rs5 lakh each has been imposed on...

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IANS 04 January 2024
The Reserve Bank of India (RBI issued direction on Wednesday to introduce changes in the norms related to non-convertible debentures (NCDs) and buyback of commercial papers (CPs) of original or initial maturity up to one year.   The directions, which will come into force with effect...

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IANS 03 January 2024
The Reserve Bank of India (RBI) on Tuesday came out with draft norms on declaration of dividend by banks and remittance of profits to head office by foreign bank branches in India.   The RBI circular explains the detailed eligibility criteria and guidelines on board oversight that are...

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IANS 03 January 2024
The Competition Commission of India (CCI) has approved the proposed acquisition of 100 per cent shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd.   Punjab State Power Corporation Ltd, is a fully owned undertaking of the government of Punjab. The...

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Moneylife Digital Team 02 January 2024
Market regulator Securities and Exchange Board of India (SEBI) floated a consultation paper seeking comments on a proposal to keep material price movement as the criteria to verify market rumours instead of material events in terms of regulation 30 of SEBI listing obligations and disclosure...

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Moneylife Digital Team 29 December 2023
Reserve Bank of India (RBI) has imposed monetary penalties on five cooperative banks, citing the violation of different laws prescribed by the regulator. Three banks are from Gujarat, while others belong to Maharashtra and West Bengal. RBI has levied a fine of Rs2 lakh, the highest among the...

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IANS 29 December 2023
The Reserve Bank of India (RBI) has given its approval to ICICI Prudential Asset Management Company Limited (I-Pru AMC) and ICICI Prudential Life Insurance Company Limited (I-Pru Life) to acquire “aggregate holding” of up to 9.95 per cent of paid-up share capital or voting rights in RBL Bank...

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IANS 29 December 2023
India's Financial Intelligence Unit has issued show-cause notices to nine offshore virtual digital asset service providers, including Binance, for operating in the country without complying with the money laundering laws, the Finance Ministry said on Thursday.   Apart from Binance,...

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Moneylife Digital Team 29 December 2023
Market regulator Securities and Exchange Board of India (SEBI) has debarred SK Sales and its partners, Sandeep Subhashbhai Borse and Kalyani Sandeep Borse (noticees), for two years. SK Sales and its partners have also been penalised Rs6 lakh for providing advisory services illegally. The...

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IANS 29 December 2023
SEBI has floated a consultation to seek comments on a proposal to keep material price movement as the criteria to verify market rumours instead of material event in terms of Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,...

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Moneylife Digital Team 28 December 2023
While making the choice of nomination voluntary for trading accounts, market regulator, Securities and Exchange Board of India (SEBI), has decided to extend the submission of choice of nomination for demat accounts and mutual fund folios to 30 June 2024. Earlier, SEBI had extended the...

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Moneylife Digital Team 28 December 2023
Holding a chartered account (CA), Shyam Malpani, who worked as an engagement partner (EP), responsible for professional misconduct and conflict of interest while conducting the statutory audit of S Kumars Nationwide Ltd (SKNL) for FY13-14, the national financial reporting authority (NFRA)...

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