REGULATIONS


Moneylife Digital Team 14 January 2025
Market regulator Securities and Exchange Board of India (SEBI) proposed increasing the investment threshold set for granular disclosures about investors by foreign portfolio investors (FPIs) holding any ownership or economic interest to Rs50,000 crore from Rs25,000 crore.    Currently, some...

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Mohsin Dar (Bar  and   Bench) 13 January 2025
The Supreme Court recently dismissed a public interest litigation (PIL) petition alleging that the Reserve Bank of India (RBI) exchanged currency notes worth Rs30 crore that were defaced by a Kashmiri separatist group in 2013 (Satish Bhardwaj V/s Union of India).   A Bench comprising Justices...

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Moneylife Digital Team 13 January 2025
Market regulator Securities and Exchange Board of India (SEBI) has outlined a procedure for seeking a waiver or reduction of interest in recovery proceedings initiated due to non-payment of penalties.     As per SEBI’s guidelines, applicants must submit their requests for waiver or reduction...

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Moneylife Digital Team 13 January 2025
To enhance transparency and minimise unclaimed assets in the securities market, the Securities and Exchange Board of India (SEBI) has issued guidelines to revamp the nomination process for mutual fund folios and demat accounts. It includes allowing investors to nominate up to 10 persons in the...

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Moneylife Digital Team 13 January 2025
Bombay Burmah Trading Corporation, along with its promoters Nusli Wadia and his sons Ness Wadia and Jehangir Wadia, as well as 14 others, have settled regulatory proceedings with the Securities and Exchange Board of India (SEBI) by paying a settlement amount of Rs2.13 crore.     The other...

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At a time when the Securities and Exchange Board of India (SEBI) has itself come under a cloud, an ex-parte order, issued on 2nd January against Ketan Parekh (KP) and 21 associates, makes for fascinating reading.    SEBI’s meticulous investigation (read: Ketan Parekh, 21 Others Caught in...

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Moneylife Digital Team 10 January 2025
The Reserve Bank of India (RBI) has cancelled the certificates of registration (CoR) of 10 non-banking financial companies (NBFCs) based in West Bengal, citing supervisory concerns.     The companies affected by this action include Adhay Equi Pref Pvt Ltd, Agarani Credit and Finvest Pvt Ltd,...

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Moneylife Digital Team 10 January 2025
Reserve Bank of India (RBI) has imposed penalties of Rs19.50 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 Rs17.50 lakh has been imposed on Janata Sahakari Bank Ltd from...

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Moneylife Digital Team 09 January 2025
The Securities and Exchange Board of India (SEBI) has introduced comprehensive updates to the regulatory frameworks governing research analysts (RAs) and investment advisers (IAs). These amendments, effective 16 December 2024, aim to enhance transparency, ensure better compliance and provide...

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Moneylife Digital Team 08 January 2025
Deven Sangoi, a seasoned asset management professional, and his sister, Meghana Gosar, have paid Rs91 lakh and agreed to a six-month debarment from markets to settle a case of front-running with market regulator Securities and Exchange Board of India (SEBI). Ms Gosar also agreed to disgorge...

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Moneylife Digital Team 08 January 2025
While revising its master directions for regulated entities (REs) on credit information reporting, the Reserve Bank of India (RBI) has asked credit information companies (CICs) to send alert to customers when their credit information report (CIR) is accessed by the specified users (SUs)....

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SN Thyagarajan (Bar  and   Bench) 08 January 2025
The Delhi High Court on Tuesday held that the Central Information Commission (CIC) cannot ask the Telecom Regulatory Authority of India (TRAI) to requisition information on subscribers from Telecom Service Providers (TSPs) under the Right To Information Act (RTI). (TRAI v. Akshay Kumar...

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Moneylife Digital Team 07 January 2025
ICICI Securities Ltd paid Rs40.2 lakh to settle a case of violation of stockbroker rules with market regulator Securities and Exchange Board of India (SEBI). SEBI issued the order after ICICI Securities proposed to settle the matter without admitting or denying the facts and conclusions of law,...

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Bar  and   Bench 07 January 2025
The Joint Registrar of the National Company Law Tribunal (NCLT) recently issued an order withdrawing work from Umesh Kumar Shukla, a Technical Member of the NCLT's Chandigarh Bench, after complaints from stakeholders.   The order dated January 4 order says that work assigned to Shukla, namely...

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Moneylife Digital Team 06 January 2025
Expressing concern over the insufficient provisions of Digital Personal Data Protection Rules, 2025 (DPDP Rules) with several points of contention, the Internet Freedom Foundation (IFF) says the DPDP Rules are 'too little, too vague and too late'. Last week, the Union ministry of electronics...

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Adv (Dr) Prashant Mali 06 January 2025
The recently proposed Rule 10 of the Digital Personal Data Protection (DPDP) Rules, 2025, while aiming to safeguard children's privacy, raises significant concerns about the potential unintended consequences for marginalised communities. This rule mandates that verifiable parental consent be...

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Moneylife Digital Team 06 January 2025
Funds of client-investors who have not done any transaction in the past 30 days will be settled in the upcoming dates of the monthly running account settlement cycle as notified by exchanges in the annual calendar issued by them from time to time, says market regulator Securities and Exchange...

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Moneylife Digital Team 04 January 2025
The Draft Digital Personal Data Protection (DPDP) Rules, 2025, introduced by the ministry of electronics and information technology (MeitY), marks a crucial step in shaping India’s data governance framework. These Rules operationalise the Digital Personal Data Protection Act, 2023, and aim to...

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Moneylife Digital Team 03 January 2025
Ketan Parekh, or KP, once the poster child of stock market manipulation in India, has again been caught in the Securities and Exchange Board of India's (SEBI's) net. Known for his infamous role in the stock market scam of the early 2000s, Mr Parekh was banned from trading for 14 years. Despite...

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KBS Sidhu 03 January 2025
Adani Bribery Criminal and Civil Trials To Be Synchronised In a landmark decision, a New York federal court has ruled that the criminal and civil trials involving Indian billionaire Gautam Adani, though distinct legal proceedings, will be presided over by the same judge, US District Judge...

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