REGULATIONS


IANS 07 November 2022
The Haryana Real Estate Regulatory Authority (HRERA), Gurugram ordered Vatika Limited to refund money to 28 allottees with interest at the prescribed rate. The order has come in the backdrop of a project in which the promoter failed to commence construction even at the primary...

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Moneylife Digital Team 07 November 2022
The capital market regulator Securities and Exchange Board of India (SEBI) settled 107 applications pertaining to flouting of securities law and fetched Rs59 crore through settlement charges in financial year (FY) 2021-22. This was way lower than 216 applications disposed by passing...

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IANS 07 November 2022
The Central Consumer Protection Authority (CCPA) has passed an order against Cloudtail India Pvt. Ltd. for violation of consumer rights and unfair trade practice by selling domestic pressure cookers in violation to mandatory standards prescribed as per Domestic Pressure Cooker (Quality...

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Sucheta Dalal Sucheta Dalal 05 November 2022
Do banks charge for transactions through the Unified Payments Interface (UPI) after a certain number of debits, when they are supposed to be free? Anyone who has used the platform would answer with an unequivocal no, barring three—an IIT professor who researches banking issues, a former...

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Moneylife Digital Team 05 November 2022
All India Bank Employees' Association (AIBEA) has demanded disqualification and a ban on financial services-provider Vakrangee Ltd for the company's repeated non-compliance with the rules and regulations of the Reserve Bank of India (RBI).   CH Venkatachalam, general secretary of...

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Moneylife Digital Team 03 November 2022
The Reserve Bank of India (RBI) says the Maharashtra registrar of cooperative societies (RCS) has appointed a liquidator for winding up affairs of Pune-based Rupee Co-operative Bank Ltd (Rupee Bank). This follows the dismissal of an appeal filed by Rupee Bank before the appellate authority...

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IANS 02 November 2022
Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday reiterated that the Bank will not release its communication to the Central government to the public.   However, the decision taken at the monetary policy committee (MPC) meeting and the minutes have to be published as...

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Moneylife Digital Team 02 November 2022
The Securities and Exchange Board of India (SEBI) has penalised five former independent directors of Bombay Dyeing and Manufacturing Company (BDMCL) including Ishaat Hussain and SS Kelkar with a total fine of Rs59 lakh for alleged failure to carry out adequate due diligence and exercise...

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Moneylife Digital Team 02 November 2022
Capital markets regulator Securities and Exchange Board of India (SEBI) has imposed a fine totalling Rs21 crore on 52 entities, including Fortis Healthcare Holdings, in a case pertaining to huge diversion and mis-utilisation of funds of Religare Finvest, an arm of Religare...

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Moneylife Digital Team 02 November 2022
Market regulator Securities Exchange Board of India (SEBI) has slapped a penalty of Rs1.05 crore on 21 entities for manipulating the share price of Limited (SRDL). The regulator has imposed a penalty of Rs5 lakh each on these 21 entities and directed them to pay the amount within 45 days,...

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Moneylife Digital Team 02 November 2022
Market regulator Securities and Exchange Board of India (SEBI) has restrained 11 entities, including Urban Infrastructure Venture Capital Ltd, its trustee and their respective directors, from associating themselves with any registered intermediaries,  including mutual funds (MFs), alternative...

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Moneylife Digital Team 01 November 2022
Markets regulator Securities and Exchange Board of India (SEBI) has banned fugitive businessman Mehul Choksi, former promoter & chairman of Gitanjali Gems, from trading in the markets for 10 years for using front entities to trade in the shares of the company to maintain its price from...

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Moneylife Digital Team 01 November 2022
Market regulator Securities and Exchange Board of India (SEBI) on Monday came out with fresh guidelines in order to standardise the usage of rating scales used by Credit Rating Agencies (CRAs). Issuer rating or corporate credit rating indicates the degree of safety of the issuer or the rated...

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Moneylife Digital Team 31 October 2022
The Reserve Bank of India (RBI) is launching a pilot project from 1 November 2022 for its digital rupee or central bank digital currency (CBDC) for the wholesale segment (e₹-W). The first pilot for the retail segment (e₹-R) would be launched in a month at select locations, the central...

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Moneylife Digital Team 31 October 2022
Expressing concern over the mushrooming of digital lending apps or DLAs, many of which do not abide by any regulations or fair practice codes, Shaktikanta Das, governor of Reserve Bank of India (RBI), feels that the technology revolution has opened the backdoor for unregulated technology...

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Moneylife Digital Team 31 October 2022
Market regulator Securities and Exchange Board of India (SEBI) on Friday reduced the face value of debt security and non-convertible redeemable preference shares issued on private placement basis to Rs1 lakh from the current Rs10 lakh. The move is to enhance liquidity in the corporate bond...

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Moneylife Digital Team 31 October 2022
Market regulator Securities and Exchange Board of India (SEBI) on Friday suspended the registration of Registrar to Issue and Share Transfer Agent (RTA) Satellite Corporate Services (SCS) for three months as it did not carry out its fiduciary responsibility to its client. "The Market...

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Sucheta Dalal Sucheta Dalal 28 October 2022
Developed nations of the world diligently work at ‘reuniting unclaimed financial assets with their rightful owners’, I wrote in September 2022. In contrast, rightful owners and their legal heirs (even when there is a valid Will) go through a long and tortuous process to get what is...

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Moneylife Digital Team 28 October 2022
Alleging that the regulators are joining hands with GM (genetically modified) crop developers and are seriously compromising the regulatory regime, the Swadeshi Jagran Manch has demanded that GM mustard seeds should never be allowed to be planted in India.   Dr Ashwani Mahajan,...

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Moneylife Digital Team 28 October 2022
Market regulator Securities and Exchange Board of India (SEBI) has barred Momentum Tips and its proprietor Ajay Kumar Mukhiya from the securities markets for three years for providing unauthorised investment services.   The regulator issued a show-cause notice (SCN) to Momentum Tips...

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