REGULATIONS


IANS 29 January 2024
Auditing firm Deloitte has once again been caught in the eye of the storm of regulators.   Deloitte's international audit arm certified that Nigerian firm Tingo - accused of fraud by Hindenburg - had more than $470 million in the bank.   However, reports indicate that the...

Read More



IANS 25 January 2024
Online food delivery platform Zomato on Thursday announced that its wholly-owned subsidiary Zomato Payments Private Limited (ZPPL) has been granted a certificate of authorisation from the Reserve Bank of India (RBI) to operate as an 'Online Payment Aggregator'.   The authorisation...

Read More



Moneylife Digital Team 25 January 2024
Market regulator Securities and Exchange Board of India (SEBI) has suspended the certificate of registration (CoR) of Mumbai-based Equity99 (noticee) for three months for non-compliance with directions issued by SEBI. In its investigation, SEBI found that Equity99 committed serious...

Read More



When a well-known journalist and the honcho of an iconic corporation spar on social media, can the temptation to pick on the corporate governance angle be easily resisted?   Clearly not, especially when the two institutions that each is a part of, live within a kilometre of each other...

Read More



Moneylife Digital Team 24 January 2024
With the market regulator Securities and Exchange Board of India (SEBI)'s deadline ending this month, high-risk foreign portfolio investors (FPIs) will have to submit additional disclosures from 1st February. According to a report from CNBC-TV18, the quantum for disclosures for these FPIs may...

Read More



IANS 24 January 2024
The aviation watchdog, directorate general of civil aviation (DGCA), has imposed a penalty of Rs1.10 crore on Air India after an airline employee alleged safety violations on flights operated on certain long-range terrain critical routes, an official said on Wednesday.   According to...

Read More



Moneylife Digital Team 23 January 2024
Securities and Exchange Board of India (SEBI) may have zeroed in on the role of Zee Entertainment Enterprises Ltd (ZEEL)'s managing director and chief executive officer (MD&CEO) Punit Goenka in misuse of funds as key managerial personnel (KMP) in Essel group companies, and the investigation...

Read More



Moneylife Digital Team 19 January 2024
While refusing to interfere in an order passed by the Securities and Exchange Board of India (SEBI), the Securities Appellate Tribunal (SAT) dismissed an appeal filed by Brightcom Group Ltd (BGL) against the SEBI order.   In an order, Meera Swarup (technical member) of SAT says,...

Read More



Moneylife Digital Team 19 January 2024
While refusing to interfere in an order passed by the Securities and Exchange Board of India (SEBI), the Securities Appellate Tribunal (SAT) dismissed an appeal filed by Brightcom Group Ltd (BGL) against the SEBI order.   In an order, Meera Swarup (technical member) of SAT says,...

Read More



Moneylife Digital Team 19 January 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs84 lakh on five cooperative banks, including NKGSB Cooperative Bank Ltd and New India Cooperative Bank Ltd from Mumbai, for non-compliance with the directions issued by the banking regulator.    The highest penalty of Rs50 lakh has been...

Read More



IANS 19 January 2024
he RBI has asked internal ombudsmen of banks, NBFCs, and credit information companies (CICs) to provide inputs for enhancing internal systems and processes in order to ensure a more effective redress of customer grievances.   As part of the Reserve Bank's continuing engagement with...

Read More



IANS 18 January 2024
The Pension Fund Regulatory and Development Authority (PFRDA) has notified the point of presence (PoP) regulations for introducing a new simplified system of only one registration for the National Pension System (NPS) instead of multiple registrations required earlier, the finance ministry...

Read More



Moneylife Digital Team 17 January 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs10 lakh on Abhijit Pawar (noticee) for indulging in insider trading in Magma Fincorp Ltd, now known as Poonawalla Fincorp Ltd.   In his 27-page order, Ashwani Bhatia, whole-time member (WTM) of...

Read More



Moneylife Digital Team 17 January 2024
Market regulator Securities and Exchange Board of India (SEBI) has clarified that the conversion of warrants into equity shares is not a corporate action as it is not caused by any action taken by the company.     In the informal guidance to Share India Securities Ltd, A Vijayan,...

Read More



IANS 17 January 2024
The Reserve Bank of India (RBI) on Tuesday recommended that state governments should consider fixing a ceiling for incremental guarantees that they issue during a year at 5% of revenue receipts or 0.5% of gross state domestic product, whichever is less.   RBI has also recommended that...

Read More



IANS 16 January 2024
The Reserve Bank of India (RBI) on Monday issued a draft circular which proposes to harmonise regulations of housing finance companies (HFCs) with that of non-banking finance companies (NBFCs) in several areas such as minimum capital requirement and deposit-taking rules.   RBI said it...

Read More



IANS 16 January 2024
The real estate regulatory authority (RERA) said on Tuesday that no promoter should accept more than 10% of the cost of a flat, plot or building as an advance payment or application fee.   Following Section 13(1) of the RERA Act, 2016, and Rule 8 (1) of the Haryana Real Estate...

Read More



IANS 16 January 2024
Amid chaos over flight delays and cancellations due to adverse weather conditions, the directorate general of civil aviation (DGCA) on Monday allowed airlines to cancel flights that are likely to be delayed beyond three hours, an official said, adding the aviation watchdog has also issued new...

Read More



Moneylife Digital Team 16 January 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs93 lakh on eight, including promoters, chairperson and managing director (CMD) and directors, while directing three of them to disgorge Rs22.80 crore, the unlawful gains earned by manipulating the share...

Read More



Moneylife Digital Team 15 January 2024
Market regulator Securities and Exchange Board of India (SEBI) has asked stock brokers' Industry Standards Forum (ISF) to lay out a framework to provide a facility for voluntary freezing or blocking the online access of the trading account to their clients due to suspicious activities. SEBI...

Read More

Free Helpline
Legal Credit
Feedback