REGULATIONS


Moneylife Digital Team 25 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a total penalty of Rs50 lakh on three foreign portfolio investors (FPIs) for violating market regulations related to short-term investments in debt securities. Nexpact Ltd and AIRD Investment Commercial LLC  was...

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Moneylife Digital Team 25 February 2025
Reserve Bank of India (RBI) has imposed a penalty of Rs1.25 lakh on three cooperative banks for non-compliance with the directions issued by the banking regulator.    Gulbarga and Yadgir District Cooperative Central (DCC) Bank Ltd from Karnataka and Guntur DCC Bank Ltd from Andhra Pradesh...

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Moneylife Digital Team 24 February 2025
Reserve Bank of India (RBI) has imposed penalties of Rs46.70 lakh on Citibank and two non-banking financial companies (NBFCs), Asirvad Micro Finance Ltd and JM Financial Home Loans Ltd for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs39 lakh has...

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Moneylife Digital Team 24 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs10 lakh on Axis Securities Ltd for several regulatory violations. The violations, include discrepancies in collateral reporting, failure to settle client balances, improper penalty collection practices and...

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Moneylife Digital Team 24 February 2025
Monarch Networth Capital Ltd paid Rs11.37 lakh to settle a case involving an alleged breach of stockbroker rules with market regulator Securities and Exchange Board of India (SEBI).     SEBI investigated trading activities related to the scrip of Atlantaa Ltd between 1 August 2022 and 23...

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Moneylife Digital Team 21 February 2025
Updated at 8.17pm on 20 February 2025 to include statement issued by a legal team representing Ms Zinta... Updated at 5.25pm on 25 February 2025 to include a Web Archive link of the original article published by IndianCooperative.com   As early as in January 2020, ex-employees of New India...

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Moneylife Digital Team 21 February 2025
Fifteen entities, including promoters and key officials of Electrosteel Castings Ltd (ECL), have settled an insider trading case with the Securities and Exchange Board of India (SEBI) by paying a settlement amount of Rs18 crore.     In addition to this, a SEBI committee has directed the...

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Moneylife Digital Team 21 February 2025
Market Regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs4 lakh on Finvasia Securities Pvt Ltd for failing to adhere to regulatory requirements related to its business continuity plan and disaster recovery (BCP-DR) framework, as well as non-compliance with the...

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Moneylife Digital Team 21 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs7 lakh on Arham Share Pvt Ltd for multiple regulatory violations. These include providing cash incentives to a client for supervising and advising on proprietary trading, as well as allowing unauthorised...

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Uttara Vaid 20 February 2025
On 1 April 2024, the Indian government introduced significant amendments to the Public Liability Insurance Act (PLIA) through the Jan Vishwas Act, followed by further amendments to the Rules on 17 December 2024. These changes have substantially increased insurance coverage limits and...

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Moneylife Digital Team 20 February 2025
The insurance regulatory and development authority of India (IRDAI) has constituted a seven-member committee, chaired by Dinesh Khara, former chairman of the State Bank of India (SBI), to review proposed amendments to the Insurance Act of 1938 and recommend a regulatory framework for their...

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Moneylife Digital Team 20 February 2025
In the wake of the controversy surrounding YouTuber Ranveer Arora, also known as Ranveer Allahbadia or BeerBiceps's recent episode, the Union ministry of information & broadcasting (MIB) has issued a fresh advisory to online curated content publishers (OTT platforms) and their self-regulatory...

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Moneylife Digital Team 20 February 2025
Coming down heavily on UIB Insurance Brokers Pvt Ltd for repeatedly failing to remit insurance premiums and failing to protect policyholders' interests, the insurance regulatory and development authority of India (IRDAI) has imposed a penalty of Rs1 crore on the insurance broker. The fine comes...

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Moneylife Digital Team 19 February 2025
Highlighting concerns over the misuse of social media and online applications for altering calling line identification (CLI) or spoofing caller ID, the department of telecommunications (DoT) directed social media platforms and application hosting platforms to remove, by the end of this month,...

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Moneylife Digital Team 19 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the certificates of registration (CoR) of 19 defunct foreign venture capital investor (FVCI) companies for violating multiple provisions under the FVCI Regulations and failing to meet the conditions of their...

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Moneylife Digital Team 19 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has directed Krishna Shriram (KS), the legal heir of the late Siddharth Shriram (SS), to disgorge Rs6.17 crore along with interest at 12%pa (per annum) from 24 November 2017, the last trading date of Mawana Sugars Ltd (MSL) shares...

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Moneylife Digital Team 18 February 2025
Another cooperative bank is again at the centre of a financial scandal, with the arrest of Hitesh Mehta, general manager and head of accounts at New India Cooperative Bank, for allegedly siphoning off Rs122 crore. However, what appears to be a simple case of embezzlement could, in reality, be a...

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Moneylife Digital Team 18 February 2025
Reserve Bank of India (RBI) has imposed penalties of Rs8.55 lakh on four cooperative Banks and a non-banking financial company (NBFC) for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs4.20 lakh has been imposed on Madhya Pradesh (MP)-based Laxmibai...

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Moneylife Digital Team 18 February 2025
Market regulator Securities and Exchange Board of India (SEBI) has prohibited two portfolio management companies, Scient Capital Pvt Ltd and DGS Capital Management Pvt Ltd, from on-boarding new clients or accepting additional funds or securities from existing ones for not maintaining required...

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Debayan Roy (Bar  and   Bench) 17 February 2025
The National Financial Regulating Authority (NFRA) has approached the Supreme Court challenging the Delhi High Court's recent decision to quash show-cause notices issued by the auditing standards watchdog against leading audit firms, including Deloitte Haskins & Sells LLP, SRBC & Co LLP and...

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