REGULATIONS


Shreehari Paliath (IndiaSpend) 19 August 2024
In June, Bengaluru witnessed a protest by aggregator platform Urban Company's women workers in the beauty segment, categorised as ‘partners’ or ‘independent contractors’ by the gig economy.   The protest mostly stemmed from the company’s decision to bring in new terms of service without...

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Moneylife Digital Team 19 August 2024
Reserve Bank of India (RBI) has imposed penalties of Rs1.42 crore Bank of Maharashtra (BoM) and two non-banking financial companies (NBFCs), namely, Poonawalla Fincorp Ltd and Hinduja Leyland Finance Ltd, for non-compliance with the directions issued by the banking regulator. The highest...

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Moneylife Digital Team 19 August 2024
Market regulator Securities and Exchange Board of India (SEBI) has fined Podium Market Research proprietor Suman Kumar (noticee 1), along with associated individuals Prakash Kumar (noticee 2) and Roshni Kumari (noticee 3), a total of Rs39 lakh for multiple regulatory violations.   The...

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Moneylife Digital Team 19 August 2024
The Reserve Bank tightened norms for non-banking financial companies – peer-to-peer (NBFC-P2P) lending platforms to improve transparency and compliance. A P2P platform should not promote P2P lending as an investment product with features like tenure-linked assured minimum returns and liquidity...

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The manner in which India’s market regulator, the Securities & Exchange Board of India (SEBI), has gone about investigating the astounding rise in share prices of the Adani group has been troubling for independent observers, even before Hindenburg Research, a US-based firm that specialises in...

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Moneylife Digital Team 16 August 2024
On Saturday, Hindenburg Research, a US-based short-seller, made strong allegations about the chairperson of the Securities and Exchange Board of India (SEBI) Madhabi Puri Buch (MPB), and her husband, Dhaval Buch. While Ms Buch and her husband have argued that there was no wrongdoing, the...

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The Securities and Exchange Board of India (SEBI) has unveiled a consultation paper to revise the regulatory framework governing investment advisers (IAs) and research analysts (RAs). Among the suggested ideas are relaxation of entry criteria, such as minimum qualifications, certifications, and...

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This should rank as the foremost financial fraud in free India!   It required no circumlocution of the globe, to traverse Bermuda and like destinations. At best, it happened within a single PIN (postal index number) code!    It was a company not promoted by any entrepreneur with a fake...

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Moneylife Digital Team 16 August 2024
A recent report by Scroll.in   has raised questions Agora Advisory Private Limited, a consulting firm founded by Madhabi Buch, before she became the chairperson of the Securities and Exchange Board of India (SEBI), having its registered office in the same address and premises as its statutory...

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Moneylife Digital Team 13 August 2024
Advocate Vishal Tiwari from Delhi has filed an appeal before the Supreme Court (SC) challenging the court registry's refusal to list an application seeking a status report on the action taken by market regulator Securities and Exchange Board of India (SEBI) on allegations made by Hindenburg...

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Moneylife Digital Team 13 August 2024
Facing criticism from several quarters and stakeholders amid concerns over restrictions on the social and digital media space, the Union ministry of information and broadcasting (MIB) decided to put on hold the new draft of the Broadcasting Services (Regulation) Bill, 2024. Editors Guild of...

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Moneylife Digital Team 13 August 2024
Reserve Bank of India (RBI) has imposed penalties of Rs1.99 crore on two non-banking financial companies (NBFC), one cooperative Bank and a housing finance company (HFC) for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs1.86 crore has been imposed...

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Moneylife Digital Team 13 August 2024
Market regulator Securities and Exchange Board of India (SEBI) has penalised Mumbai-based Suresh Rathi Securities Pvt Ltd (SRSPL) Rs3 lakh for various regulatory violations, highlighting the company's admission of lapses in monitoring and reporting suspicious transactions.   In an order,...

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Moneylife Digital Team 12 August 2024
US short-seller Hindenburg Research, in a series of posts on X, says since Madhabi Puri Buch, the chairperson of Securities and Exchange Board of India (SEBI), has now publicly confirmed her investment in an obscure Bermuda and Mauritius fund structure, she should come clean on all the...

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Moneylife Digital Team 12 August 2024
Responding to the allegations made by US-based short-seller Hindenburg Research, market regulator Securities and Exchange Board of India (SEBI) says it has completed all but one investigation into allegations against the Adani group. Commenting on the allegations about its chairperson Madhabi...

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Moneylife Digital Team 12 August 2024
While 'strongly' denying allegations and insinuations made in the Hindenburg Research report, Madhabi Puri Buch, the chairperson of Securities and Exchange Board of India (SEBI) and her husband Dhaval Buch says the US-based short-seller is attempting to attack SEBI's credibility and indulging...

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Moneylife Digital Team 12 August 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs1.06 crore on Union Bank of India for non-compliance with directions on creating a central repository of large common exposures across banks and know-your-customer (KYC).   After conducting a statutory inspection for supervisory...

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Moneylife Digital Team 12 August 2024
While asking Sachin Bhogte, Samir Bhogte and Suchita Bhogte to disgorge Rs1.08 crore, the unlawful gains earned by them from front-running trades, Securities and Exchange Board of India (SEBI) imposed a penalty of Rs10 lakh on Sachin Bhogte and also barred him from markets for six...

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Moneylife Digital Team 11 August 2024
In a stunning allegation, US-based short seller Hindenburg Research claims that SEBI chairperson Madhabi Puri Buch had a stake in obscure offshore entities used in the Adani money siphoning scandal. Ms Buch, however, 'strongly' denied the 'baseless' allegations and insinuations made in the...

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All good things must come to an end; and this applies to governments, markets and exchanges alike. Recent global developments have underscored this truth. India’s stock market, which has been the big shining spot for the Narendra Modi-led government, finally cracked under the impact of a stock...

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