REGULATIONS


Moneylife Digital Team 20 January 2023
Market regulator Securities and Exchange Board of India (SEBI) is reportedly probing investments between Nippon India Mutual Fund and Yes Bank between 2016 and 2019 for suspected misuse of investors' money.    Quoting sources with direct knowledge of the matter, a report from Reuters...

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Fast-moving consumer goods (FMCG) major Hindustan Unilever Ltd on Thursday said a fine of Rs9 lakh has been levied on its independent director, Dr Ashish Gupta, for breach of SEBI (Securities and Exchange Board of India's) (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations)...

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Moneylife Digital Team 19 January 2023
Market regulator Securities and Exchange Board of India (SEBI) has barred for three years, one Manish Lalwani, proprietor of Indore-based Capital Yield Research and Advisory and Secure Investor Investment Advisory for collecting money from investors for illegally providing tips in equity,...

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Haryana Real Estate Regulatory Authority (HRERA) has asked the promoters of reality firm ILD at Sector 37C to refund the full amount to allottee along with interest.   As per the court's directions, the promoter will have to return Rs72 lakh approximately to the aggrieved...

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Moneylife Digital Team 17 January 2023
Market regulator Security and Exchange Board of India (SEBI) has released a consultation paper on 'blocking of funds for trading in the secondary market'. SEBI's proposal would allow investors to trade in the secondary market based on blocked funds in their bank accounts and eliminate the...

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Moneylife Digital Team 17 January 2023
The Investor Protection and Education Fund Authority (IPEFA) has proposed to ease the rules for investors who want to reclaim their shares. The proposal includes a real-time online interface between IPEFA, companies and investors, transfer of shares through reverse corporate action and a...

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Moneylife Digital Team 17 January 2023
Reserve Bank of India (RBI) has issued guidelines on the acquisition and holding of shares or voting rights in banking companies. These guidelines ask prior approval from RBI for every person, who intends to acquire shares or voting rights and intends to be a major shareholder of a banking...

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Moneylife Digital Team 17 January 2023
Market Regulator Security and Exchange Board of India (SEBI) has cancelled the registration of Corptree Commodities Pvt Ltd (CCPL) for dealing in or facilitating paired contracts on the National Spot Exchange Ltd (NSEL) platform for four years and failing to satisfy the 'fit and proper'...

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Dr B Yerram Raju Dr B Yerram Raju 16 January 2023
A few experiences of my well-meaning friends, who worked in responsible positions either in a regulatory institution, a bank, or a research institution, churning out data periodically left me in significant discomfort.    Gopal went to the bank to update his know-your-customer (KYC)...

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Moneylife Digital Team 16 January 2023
The likely pickup in US Federal Drug Administration (USFDA) inspections during 2023 and 2024, while having an impact on some facilities and entities in the Indian pharma industry, will be less disruptive for the sector compared to the situation during 2015-2016, says a research...

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The National Financial Reporting Authority (NFRA) has published draft requirements regarding preparation and publication of annual transparency report (ATR) by auditor and audit firms.   In accordance with Rule 8(2) of the NFRA Rule 2018, NFRA intends prescribing publication of ATR...

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NSE has cautioned investors on persons named 'Swaraj Takale', 'Sameer Narvekar' and 'Neha Narvekar' associated with entity named 'Trade with Jazz (TWJ)'.   These are operating through mobile number '8882015566' and '7507770749' and Telegram channel 'Trade with Jazz' are collecting...

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As the fight between Google and the Competition Commission of India (CCI) reaches the Supreme Court, the tech giant on Friday said India is at a juncture where the stakeholders must come together to bring down barriers to access and make safe and secure smartphones available to all, supported...

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Moneylife Digital Team 13 January 2023
Coming down heavily on the adjudicating officer (AO) of the Securities and Exchange Board of India (SEBI), the securities appellate tribunal (SAT) imposed a cost of Rs50,000 on the market regulator.    In an order issued on 6 January 2023, the bench of justice Tarun Agarwala,...

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Moneylife Digital Team 13 January 2023
While reducing penalties imposed by market regulator Securities and Exchange Board of India (SEBI) on Chennai-based GV Films Ltd, one of the securities appellate tribunal's (SAT’s) chief financial officers (CFOs) and directors has set aside a fine imposed on other non-executive directors and...

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The Leaflet 13 January 2023
Overall, 30-50 per cent seats on the board of directors at each PSB remain vacant, seriously affecting their working capacity. This at a time when PSBs are riddled with bad loans running into lakhs of crores of rupees. —- A recent research study using publicly available data reports —...

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Moneylife Digital Team 12 January 2023
Market regulator Securities and Exchange Board of India (SEBI), while imposing a penalty of Rs11.50 crore, has barred BRH Wealth Kreators Ltd (BRH) (formerly BMA Wealth Creators Ltd) and BRH Commodities Private Ltd (formerly BMA Commodities Pvt Ltd) and others from the markets for five to...

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The Bombay High Court on Wednesday quashed the Maharashtra food and drug administration's (FDA's) order cancelling the licence of pharma giant Johnson & Johnson to manufacture its baby powder from the Mulund plant.   A division bench of justice Gautam S Patel and justice Shivkumar G...

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Moneylife Digital Team 12 January 2023
As many as ten non-banking financial companies (NBFC) and one asset reconstruction company (ARC) have surrendered their certificate of registration (CoR) that was issued to them by the Reserve Bank of India (RBI). The RBI, in the exercise of powers, conferred on it under section 45-IA (6) of...

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The Central government-owned four general insurance companies are restructuring their operations based on powerpoint presentations (PPT) provided by consultancy firm EY and without getting a full report, a letter from the joint forum of the union's states.   The four public sector...

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