REGULATIONS


Unless tackled on a war footing, with awareness-building, a crackdown on crime hubs across India, and statutory and regulatory changes, the alarming rise in cybercrime could derail the phenomenal achievements of the fin-tech world in facilitating super-fast financial services. Cybercrime,...

Read More



Moneylife Digital Team 12 January 2024
Holding Reliance General Insurance Company Ltd guilty of violating motor insurance service provider (MISP) guidelines and appointing in-house employees to asses the loss beyond Rs50,000 under motor insurance, the Insurance Regulatory and Development Authority of India (IRDAI) imposed a...

Read More



Moneylife Digital Team 12 January 2024
As many as five non-banking financial companies (NBFC) have surrendered their certificate of registration (CoR) to the Reserve Bank of India (RBI). Four NBFCs submitted their registration certificate after exiting the NBFC business. At the same time, one NBFC has surrendered its registration...

Read More



IANS 12 January 2024
The Department of Consumer Affairs is preparing new guidelines to protect consumers from ads making fake environmental claims about products by using terms such as "eco-friendly", "green", "eco-consciousness", "good for the planet" without providing verifiable evidence.   Secretary,...

Read More



Moneylife Digital Team 11 January 2024
Holding chartered accountant (CA) Anil Chauhan and his firm Anil Chauhan & Associates guilty of professional misconduct while performing the statutory audit of Seya Industries Ltd (SIL) for financial year (FY)18-19, FY19-20, the national financial reporting authority (NFRA) imposed a penalty...

Read More



IANS 11 January 2024
Reserve Bank of India (RBI) governor Shaktikanta Das said on Thursday that post-pandemic digital lending has seen an exponential rise in India and, at the same time, it has also raised a host of business conduct issues on which the central bank was keeping a close watch.   “Various...

Read More



Moneylife Digital Team 11 January 2024
Market regulator Securities Exchange Board of India (SEBI) has imposed a fine of Rs2 lakh on Pradeep K Srivastava, compliance officer of Kwality Ltd, for failing to monitor and report insider trading by promoter, directors and designated persons in the Company scrip.   In an order,...

Read More



IANS 11 January 2024
The US Securities and Exchange Commission (SEC) has finally approved a number of spot Bitcoin exchange-traded product (ETP) shares and with the decision, the world's largest cryptocurrency has joined the global financial system.   The decision will make around a dozen spot Bitcoin...

Read More



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...

Read More



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...

Read More



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 imposed on...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More



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...

Read More

Free Helpline
Legal Credit
Feedback