REGULATIONS


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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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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Moneylife Digital Team 09 August 2024
Finally, waking up to the menace created by unsolicited commercial communication (UCC) or spam calls and messages, the telecom regulatory authority of India (TRAI) has directed all telecom service providers (TSPs) to disconnect and blacklist the entity or person that is generating the spam...

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Moneylife Digital Team 09 August 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs2.50 lakh on two cooperative banks, one each from Maharashtra and Gujarat, for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs2 lakh has been imposed on Suvarnayug Sahakari Bank Ltd from...

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Moneylife Digital Team 08 August 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs3 lakh on Nippon Life India Asset Management Ltd (Rs2 lakh) and Nippon Life India Trustee Ltd (Rs1 lakh) for charging total expense ratio (TER) or scheme expenses to asset management company (AMC)...

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Moneylife Digital Team 08 August 2024
To make available accurate credit information to lenders as well as borrowers, Reserve Bank of India (RBI) has asked lenders to submit data to credit information companies (CICs) like CIBIL TransUnion, Experian or CRIF Highmark every fortnight or at shorter intervals. At present, lenders are...

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Moneylife Digital Team 08 August 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred Ajay Kumar Chaddha (noticee) for two years for providing illegal investment advisory services. While slapping a fine of Rs6 lakh, SEBI also asked Mr Chaddha to refund over Rs25 lakh collected as fees from clients or...

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Moneylife Digital Team 08 August 2024
The Securities and Exchange Board of India (SEBI) has unveiled a consultation paper aimed at revising the regulatory framework governing investment advisers (IAs) and research analysts (RAs). This proposed overhaul introduces significant changes that are poised to reshape the investment...

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Moneylife Digital Team 08 August 2024
The monetary policy committee (MPC) of Reserve Bank of India (RBI) on Thursday decided to maintain the status quo on the repo rate, the central bank's rate for short-term loans to banks, unchanged at 6.5%. Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25% and the...

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Moneylife Digital Team 07 August 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs7 lakh on Kolkata-based Fast Capital Markets Ltd, a stockbroker, for regulatory breaches, including mis-utilisation and, non-settlement of clients' funds.   In an order, Shashi Kumar Valsakumar,...

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Abhimanyu Hazarika (Bar  and   Bench) 06 August 2024
The Supreme Court on Tuesday told Indian Medical Association (IMA) President Dr. RV Asokan that he has to publish apologies in all prominent newspapers for his statements criticising the Supreme Court (Indian Medical Association and anr vs Union of India and ors).   A Bench of Justices Hima...

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Moneylife Digital Team 06 August 2024
For the first time in over two decades, a US district court ruled that Google violated antitrust law, spending billions of dollars to create an illegal monopoly and become the world's default search engine. This is the first big win for federal authorities taking on Big Tech's market dominance,...

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Ratna Singh (Bar  and   Bench) 06 August 2024
The Allahabad High Court recently sought the response of the Central government to a plea concerning the endorsement of products harmful to health by Padma awardees. (Moti Lal Yadav v. Cabinet Secy Central Secrtt. Govt. Of India, New Delhi and Anr)   Justice Rajeev Singh sought a compliance...

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