REGULATIONS


Moneylife Digital Team 04 August 2022
Securities and Exchange Board of India (SEBI) has restructured its advisory committee on market data that recommends policy measures pertaining to securities market data access and privacy.   The market data advisory committee will now have 20 members, the latest information on the...

Read More



Moneylife Digital Team 04 August 2022
Market regulator Securities and Exchange Board of India (SEBI) has implemented new rules with effect from 1 August 2022 according to which brokers are required to report individual client-level allocation of funds. This means one customer’s funds cannot be used for another’s margin...

Read More



Moneylife Digital Team 04 August 2022
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on IIFL Securities for flouting regulatory norms in the matter related to ICICI General Lombard Insurance Company block deals back in 2019.   The market regulator conducted an investigation into the block...

Read More



The government on Wednesday said it will withdraw its much-awaited Personal Data Protection Bill 2019 that has seen 81 amendments in the past three years and will now introduce a new Bill.   IT minister Ashwini Vaishnaw told members of the joint committee of the Parliament (JCP) that...

Read More



The directorate of revenue intelligence (DRI) has detected customs duty evasion of around Rs2,217 crore by Vivo Mobile India Private Limited.   A show-cause notice has been issued to Vivo India demanding customs duty amounting to Rs2,217 crore, under the provisions of the Customs...

Read More



Proposing a 30 per cent cap on the expenses of management for Indian general insurance companies, sector regulator IRDAI also wants them to have a policy detailing cost control measures which can be transferred to policyholders by way of reduced premium.   The Insurance Regulatory and...

Read More



Moneylife Digital Team 03 August 2022
Fenton Investments and Arvind Singhania have settled with market regulator Securities and Exchange Board of India (SEBI), a case pertaining to alleged insider trading in the shares of Varun Beverages after paying Rs63 lakh. The two applicants proposed to settle the alleged violations of...

Read More



The Department of Consumer Affairs has constituted a committee to develop a framework on checking fake and deceptive reviews in e-commerce.   Under the provisions of the Consumer Protection Act, 2019, a Central Consumer Protection Authority (CCPA) has been established, w.e.f July 24,...

Read More



Amid rising complaints against mobile apps, the Centre has identified and blocked 348 apps developed by various countries, including China, for allegedly collecting user information for profiling citizens and transmitting it overseas in an unauthorised manner, the Parliament was told on...

Read More



The Supreme Court (SC) on Monday said a company's director—not in charge or responsible for the conduct of the business at the relevant time—can't be held liable for dishonour of cheques, under the provisions of the Negotiable Instruments (NI) Act.   A bench of justices Indira...

Read More



Delay in reporting of the incidents and taking corrective action, ineffective supervision and non-compliance of procedures are some of the findings which have emerged during the annual audit of airlines by the aviation authorities.   Annual safety audit is carried out to assess the...

Read More



If you read media reports on cyber fraud carefully, like I do, you would have noted a spike in cases where the police are able to track money moving through multiple accounts very quickly and make substantial recoveries. The secret behind this newfound efficiency is, in some part, due to an...

Read More



Moneylife Digital Team 30 July 2022
Market regulator Securities and Exchange Board of India (SEBI) has notified a framework for the social stock exchange (SSE) for providing social enterprises (SEs) an additional avenue to raise funds. Social enterprises include registered charitable trusts, societies and a company incorporated...

Read More



The Enforcement Directorate (ED) on Saturday said that they have attached immovable and movable assets worth Rs 110 crore in the money laundering investigation against Karvy Stock Broking Ltd (KSBL), its Chairman Comandur Parthasarathy and others.   With the fresh attachments, the...

Read More



Moneylife Digital Team 29 July 2022
Securities and Exchange Board of India (SEBI) has released a framework for automated deactivation of trading and demat accounts in cases of inadequate know-your-customer (KYC) norms.    In a circular issued on 29 July 2022, SEBI says, "...all market infrastructure institutions (MIIs)...

Read More



Moneylife Digital Team 28 July 2022
The National Company Law Tribunal (NCLT) disposed insolvency proceedings against Infinity Infotech Parks Ltd, saying that the application was admitted based on fraudulent documents. The Kolkata bench of NCLT also held Electroparts (India) Pvt Ltd, the financial creditor (FC), guilty of...

Read More



Moneylife Digital Team 28 July 2022
During the past year, up to 30 June 2022, airlines in India reported 478 technical snags. After conducting surveillance, spot checks and night surveillance, the directorate general of civil aviation (DGCA), has taken action in 21 instances. Further, during the current month, 12 aircraft have...

Read More



 Aviation regulator DGCA (directorate general of civil aviation) on Wednesday ordered SpiceJet airline to operate only 50% of its flights for eight weeks.   "In view of findings of various spot checks, inspections and the reply to the show cause notice submitted by SpiceJet, for...

Read More



Moneylife Digital Team 27 July 2022
The Securities and Exchange Board of India (SEBI) has proposed a separate framework for platforms providing execution-only services in direct plans offered by mutual funds. Assets Management Companies (AMCs) provide a separate plan for direct investments which are not routed through a...

Read More



Moneylife Digital Team 26 July 2022
Nearly 25% or 150.2mn (million) out of the total 617.3mn permanent account numbers (PANs) are not yet linked with Aadhaar, the Union government informed the Rajya Sabha.    In a written reply, Pankaj Chaudhary, minister of state for finance, says, "The due date for linking of PAN with...

Read More

Free Helpline
Legal Credit
Feedback