REGULATIONS


Moneylife Digital Team 27 April 2023
While imposing a penalty of Rs5.83 crore and directing disgorgement of unlawful gains earned through stock recommendation using the chat app Telegram, market regulator, the Securities and Exchange Board of India (SEBI) has barred six persons from the markets for one year to three years. SEBI...

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India's aviation regulator, the Directorate General of Civil Aviation (DGCA) has ordered Air India to de-roster its entire crew following an incident on a Dubai-Delhi flight on February 27.   In the incident, the pilot allegedly had entertained a female friend, who had entered in the...

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Moneylife Digital Team 26 April 2023
Market regulator Securities and Exchange Board of India SEBI has barred stock brokers (SBs) and clearing members (TMs) from pledging clients' funds with banks to obtain bank guarantee (BG) for clearing corporations from 1 May 2023. It also asked them to close existing BGs created with the...

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Moneylife Digital Team 26 April 2023
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1.50 lakh on Karvy Capital Ltd (KCL) for failing to make timely discloses in the matter of non-convertible debentures (NCDs) issued by Utkarsh Small Finance Bank Ltd (USFB).   In an order,...

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Moneylife Digital Team 26 April 2023
The National Stock Exchange (NSE) has warned investors about one Ankit from Algoitech and Priya from Infinity Stock, who are luring investors under the pretext of providing assured and guaranteed returns on investment in the stock market.   In two separate releases, the Exchange says,...

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The UK government on Tuesday introduced a new legislation to tame Big Tech from abusing market power and ensure businesses and consumers are protected from rip-offs and can reap the full benefits of the digital economy with confidence.   Fake reviews that cheat customers, subscription...

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Moneylife Digital Team 25 April 2023
The Reserve Bank of India (RBI) has imposed penalties totalling Rs42 lakh on three cooperative banks for violating norms and non-compliance. Those penalised include: Chennai-based Tamil Nadu State Apex Cooperative Bank (Rs16 lakh), Bombay Mercantile Cooperative Bank (Rs13 lakh) and...

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Moneylife Digital Team 24 April 2023
The National Stock Exchange (NSE) has warned investors to stay away from three entities, including Veena from Algo Master, Ankita Mishra and Vishal, who are luring investors under the pretext of providing assured and guaranteed returns on investment in the stock market.   In two...

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Dr Narendra Gupta (The Leaflet) 24 April 2023
The Act will enhance access to assured free quality healthcare as far as possible to people, thereby reducing morbidities and premature mortalities, along with promoting heightened health awareness. This one-of-its kind enactment could set an example for other states of India to...

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“A lot can happen over a cup of coffee” is the famous tagline of the much-loved brand which gave Indians their first taste of coffee shops and quality coffee. Well, a lot is happening at Café Coffee Day Enterprises Ltd (CDEL); but none of it is good news for investors.   In recent...

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Moneylife Digital Team 22 April 2023
In a reprieve to TTK Prestige Ltd, the Delhi high court (HC) has restrained KCM Appliances Pvt Ltd from manufacturing or selling its 'Impex Dripless' range of pressure cookers or any other pressure cooker which infringes, or results in piracy of, the suit design of TTK Prestige's Svachh...

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Moneylife Digital Team 21 April 2023
To provide equal opportunity to all competent forensic auditors empanelled by the Securities and Exchange Board of India (SEBI), National Stock Exchange (NSE) has put in place a framework for selecting and appointing auditors to take up assignments relating to forensic audit of trading...

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The department of economic affairs, ministry of finance has advised the ministry of housing & urban affairs (MoHUA) that the impact of the proposed amendment be considered on the rights of lenders as well as concessionaires under other laws.   The department of economic affairs views...

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Moneylife Digital Team 20 April 2023
Market regulator Securities and Exchange Board of India (SEBI) has barred for two years CARE Ratings Ltd's former managing director (MD) and chief executive officer (CEO) Rajesh Mokashi from associating with any SEBI registered intermediary. However, SEBI disposed proceedings against SB...

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US authorities have imposed a $300 million penalty on tech firm Seagate for allegedly violating export controls of hard disk drives to China's Huawei.   Seagate Technology shipped more than $1.1 billion worth of goods to Huawei after export controls were introduced in 2020, the BBC...

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Moneylife Digital Team 20 April 2023
The Union ministry of corporate affairs (MCA) issued a notification to facilitate and speed up the removal of the names of companies from the register of companies (RoC), also known as fast-track exit, thereby providing ease to companies that are closing their business.   Earlier in...

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Irena Hwang (ProPublica) 20 April 2023
This story was originally published by ProPublica.   In the wake of recent deaths from bacteria-tainted eyedrops, a ProPublica analysis of FDA data reveals that the agency only inspected 6% of the overseas plants where drugs and their ingredients are produced in 2022.   For...

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Moneylife Digital Team 19 April 2023
Market regulator Securities and Exchange Board of India (SEBI) has suspended the certificate of registration of Keshav Securities Pvt Ltd for two months for failing to submit any bank account statement or details of loans given to Modispaces Real Estate Pvt Ltd.   In an order, GP...

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Moneylife Digital Team 18 April 2023
National Stock Exchange (NSE) has issued a warning about one Jensmon V George, who is luring investors with the illegal dabba trading platform with assured profit. He is also offering to handle investors' trading accounts by asking them to share their user ID and password.   In the...

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Moneylife Digital Team 18 April 2023
Reserve Bank of India (RBI) has imposed a fine of Rs23.23 lakh on Bengaluru-based Karnataka State Co-operative Apex Bank Ltd for violating specific provisions of know-your-customer (KYC) norms and directions issued on membership of credit information companies (CICs).   Earlier, the...

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