REGULATIONS


Moneylife Digital Team 01 October 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs12 lakh on NSE Data & Analytics Ltd, formerly DotEx International, due to significant lapses in regulatory compliance. Specifically, SEBI says the company failed to properly segregate its information...

Read More



Moneylife Digital Team 01 October 2024
Market regulator, Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs2 lakh on Nirmal Bang Securities Pvt Ltd for scrutiny over significant compliance issues related to the actions of  authorised persons (APs) of the stockbroker.   In an order, Shashi Kumar Valsakumar,...

Read More



Moneylife Digital Team 30 September 2024
The US Securities and Exchange Commission (SEC) has taken action against GQG Partners LLC, an investment firm founded by Rajiv Jain, for obstructing whistleblower protections. The SEC found that GQG's non-disclosure agreements (NDAs) with 12 candidates for employment and a settlement agreement...

Read More



Moneylife Digital Team 30 September 2024
Market regulator Securities and Exchange Board of India (SEBI) imposed a total penalty of Rs73 lakh on seven entities, including the company, its managing director (MD) and non-executive director, while asking them to disgorge Rs38.65 crore, along with simple interest at the rate of 12% per...

Read More



Moneylife Digital Team 30 September 2024
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Fortress Capital Management Services Pvt Ltd for failing to ensure accurate disclosures and comply with regulatory timelines.   In his 17-page adjudication order, Barnali Mukherjee, adjudicating officer (AO) of...

Read More



There are two kinds of people who were lured by the promise of high, tax-free, guaranteed returns on agriculture, promised by Growpital: a) those who are too young to remember the1990s when lakhs of people lost money in agriculture and plantation companies that had promised extraordinary...

Read More



Moneylife Digital Team 27 September 2024
Going one step ahead by sharing dates related to the appointment of Madhabi Puri Buch as chairperson of Securities & Exchange Board of India (SEBI), the Union ministry of finance (FinMin) denied sharing information on dates when Ms Buch and her family declared their financial assets. This was...

Read More



Moneylife Digital Team 27 September 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs63.10 lakh on two cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs61.60 lakh has been imposed on Gujrat-based Surat People's Cooperative Bank Ltd. Bihar Awami Cooperative...

Read More



Moneylife Digital Team 27 September 2024
Securities and Exchange Board of India (SEBI) has imposed a one-year ban on Rahul Goswami, proprietor of Investor India Research, for providing illegal investment advisory services. SEBI has ordered Mr Goswami to refund Rs54.49 lakh, which he received from complainants and clients as fees for...

Read More



Abhimanyu Hazarika (Bar  and   Bench) 27 September 2024
The Supreme Court on Friday expressed strong disapproval of the functioning of the Real Estate Regulatory Authority (RERA). (Bharati Jagat Joshi v. Reserve Bank of India and Ors.)   A Division Bench of Justices Surya Kant and Ujjal Bhuyan remarked that RERA had turned into a place for former...

Read More



Moneylife Digital Team 27 September 2024
In an unprecedented move, the public accounts committee (PAC) of Parliament has asked for a detailed review of the Securities and Exchange Board of India (SEBI)'s accounts for financial years (FY)22-23 and FY23-24, says a report from Moneycontrol.com.   This is the first time that the PAC,...

Read More



Moneylife Digital Team 27 September 2024
Securities and Exchange Board of India (SEBI) has fined Kolkata-based GRD Securities Ltd Rs9 lakh for regulatory violations. These violations include improper segregation of client funds and securities and failure to comply with monthly and quarterly settlements of funds and securities by GRD...

Read More



Sahyaja MS (Bar  and   Bench) 27 September 2024
In a relief to creditor classes with large numbers such as homebuyers, the Insolvency and Bankruptcy Board of India (IBBI) announced significant amendments to the Insolvency Resolution Process for Corporate Persons Regulations, 2016.   These amendments, effective from 24 September 2024, are...

Read More



Moneylife Digital Team 26 September 2024
Market regulator Securities and Exchange Board of India (SEBI) says that, over the next five years, the market ecosystem could save an estimated Rs200 crore by using the new standardised file formats, termed 'unified distilled file formats' (UDiFF), that will enhance efficiency, productivity...

Read More



Moneylife Digital Team 26 September 2024
Market regulator Securities and Exchange Board of India (SEBI) has decided to reduce the timeline for listing of debt securities and non-convertible redeemable preference shares (NCRPS) to trading (T)+3 working days from existing T+6 working days as an option to issuers for one year and on a...

Read More



Moneylife Digital Team 26 September 2024
Market regulator Securities and Exchange Board of India (SEBI) has ordered Vaishno Devi Dairy Products Ltd (VDDPL) and six of its directors to refund the money which it had raised illegally from investors and also barred them from the securities market between three months to four years. These...

Read More



Debayan Roy (Bar  and   Bench) 25 September 2024
The Supreme Court on Wednesday expressed doubts over whether the National Company Law Appellate Tribunal (NCLAT) had applied its mind while deciding to close insolvency proceedings against ed-tech firm Byju's (Glas Trust Company LLC v. Byju Raveendran and ors).   The Court indicated that it...

Read More



Moneylife Digital Team 25 September 2024
Market regulator Securities and Exchange Board of India (SEBI) penalised Rs9 lakh on BGR Energy Systems Ltd (BGR) for disclosure lapses to the stock exchanges and flouting market norms.   In his 36-page adjudication order, Barnali Mukherjee, adjudicating officer (AO) of SEBI, says, "It is...

Read More



Moneylife Digital Team 24 September 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 crore on Jai Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate loans in the Reliance Home Finance Ltd (RHFL) matter. SEBI...

Read More



Moneylife Digital Team 24 September 2024
Markets regulator Securities and Exchange Board of India (SEBI) has slapped a penalty of Rs8 lakh on Brightcom Group Ltd for failing to make timely disclosures to stock exchanges.   In an order, Barnali Mukherjee, adjudicating officer (AO) of SEBI, says, "It is observed that securities...

Read More

Free Helpline
Legal Credit
Feedback