REGULATIONS


Moneylife Digital Team 30 January 2025
Markets regulator, Securities and Exchange Board of India (SEBI) has cancelled the registrations of four stockbrokers—Single Window Securities Ltd, Sunness Capital India Pvt Ltd, GACM Technologies Ltd, formerly known as Stampede Capital Ltd and Infotech Portfolio Pvt Ltd, after the brokers...

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Moneylife Digital Team 30 January 2025
Market Regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs90 lakh on Urja Global Ltd (noticee 1) and 15 of its related entities, including the company's top executives like the managing director (MD), chief executive officer (CEO), whole-time directors (WTDs) and...

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SN Thyagarajan (Bar  and   Bench) 29 January 2025
The National Company Law Tribunal (NCLT) on Wednesday called for the initiation of disciplinary proceedings against Pankaj Srivastava, the resolution professional (RP) of debt-ridded ed-tech company Byju's.   A Bench comprising judicial member K Biswal and technical member Ravichandran...

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Moneylife Digital Team 29 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs6 lakh on Anthill Capital Ventures (noticee 1), its investment manager Anthill Venture Capital Advisors LLP (noticee 2) and key managerial personnel (KMP), including founder and chief executive officer...

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Moneylife Digital Team 29 January 2025
Securities and Exchange Board of India (SEBI) has directed Mandar Ulhas Bhatkar (Noticee 1) and Vikrant Bhimrao Kadam (Noticee 2) to disgorge Rs34.26 lakh, the unlawful gains they earned through front-running trades. In addition, both individuals have been penalised Rs5 lakh each and banned...

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Moneylife Digital Team 29 January 2025
Market regulator Securities and Exchange Board of India (SEBI), in collaboration with the Bombay Stock Exchange (BSE), has imposed a penalty of Rs6 lakh on Shri Venkatesh Stock Broker Services India Pvt Ltd for multiple violations of stockbroker regulations. The stockbroker was found to have...

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Moneylife Digital Team 28 January 2025
The Reserve Bank of India (RBI) has announced three measures to inject liquidity into the banking system, including open market operations (OMO) purchase auctions of government securities worth Rs60,000 crore, swap auction of US$5bn (billion) and variable rate repo (VRR) auction for Rs50,000...

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Moneylife Digital Team 28 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has barred eight entities from the securities market and impounded Rs4.82 of illegal gains made from front-running activities involving Gagandeep Consultancy Pvt Ltd. The primary culprits include Ashish Kirti Kothari (noticee 1),...

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Moneylife Digital Team 28 January 2025
The Reserve Bank of India (RBI) has imposed a total penalty of Rs7 lakh on Gujarat-based Marketyard Commercial Cooperative Bank Ltd and Kheralu Nagrik Sahakari Bank Ltd for failing to follow directions issued by the banking regulator.   In a release, RBI has announced a penalty of Rs5.50 lakh...

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Moneylife Digital Team 28 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs10 lakh on Punit Kumar, proprietor of Shrimoney, a SEBI-registered research analyst (RA), for violations involved misleading clients with assurances of guaranteed returns, failure to supervise employee's...

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Moneylife Digital Team 27 January 2025
With the current Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch's three-year term coming to an end, the Union government has invited applications for the post of SEBI chief.    The job advertisement published by the department of economic affairs (DEA), under the...

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Moneylife Digital Team 27 January 2025
PC Jeweller Ltd paid Rs7.23 crore to Securities and Exchange Board of India (SEBI) to settle a case related to allegations of non-disclosure and delayed disclosure of critical information to loan defaults.     The jewellery retailer opted to settle the case without admitting or denying SEBI...

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Moneylife Digital Team 27 January 2025
Reserve Bank of India (RBI) has slapped a penalty of Rs5.96 crore on Jammu and Kashmir Bank Ltd (J&K Bank), Canara Bank, Bank of India (BoI) and Datson Exports Ltd, a non-banking financial company (NBFC) for non-compliance with directions by the regulator. The highest penalty of Rs3.31 crore...

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Moneylife Digital Team 27 January 2025
The Reserve Bank of India (RBI) has decided to supersede the board of Aviom India Housing Finance Pvt Ltd due to the company’s inability to meet payment obligations and concerns about governance practices. RBI’s decision follows a recommendation from the National Housing Bank (NHB). While...

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Moneylife Digital Team 27 January 2025
Market regulator Securities and Exchange Board of India (SEBI) debarred four individuals from the promoter group and management of Suumaya Industries Ltd (SIL) (noticee 1) from accessing the market for allegedly manipulating financials, engaging in fraudulent transactions, and diverting...

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Moneylife Digital Team 24 January 2025
In a significant move to safeguard home-buyers, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has frozen the bank accounts of more than 1,950 real estate projects that have failed to progress as promised. This step is part of the Authority's efforts to enforce compliance and...

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Moneylife Digital Team 24 January 2025
The securities appellate tribunal (SAT) has upheld an order passed by the Securities and Exchange Board of India (SEBI) halting listing and asking Trafiksol ITS Technologies Ltd to refund Rs45 crore to investors.   In an order on 24 January 2025, the SAT bench of justice PS Dinesh Kumar...

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Moneylife Digital Team 24 January 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs8.30 lakh on Dombivli Nagari Sahakari Bank Ltd for non-compliance with directions issued by RBI on the maintenance of deposit accounts – primary urban cooperative banks (UCBs).   The statutory inspection of Dombivli Nagari Sahakari Bank,...

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Moneylife Digital Team 24 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs6 lakh on the Lohia Group, comprising 10 entities, for violating the SEBI -Substantial Acquisition of Shares and Takeovers Regulations (SAST Regulations). The Lohia group failed to make mandatory...

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Moneylife Digital Team 23 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has proposed a sachetised mutual fund product—a small ticket systematic investment plan (SIP) of just Rs250. According to SEBI consultation paper, these small-ticket SIPs can be offered in any scheme except for debt schemes,...

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