REGULATIONS


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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Moneylife Digital Team 03 January 2025
Reserve Bank of India (RBI) has slapped a penalty of Rs48.7 lakh on three cooperative banks from Maharashtra for non-compliance with directions by the regulator. It includes Pune People's Cooperative Bank Ltd (Rs25 lakh), The Akola Janata Commercial Cooperative Bank Ltd (Rs15.40 lakh) and The...

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Moneylife Digital Team 03 January 2025
In a significant development, the Securities and Exchange Board of India (SEBI) has rejected settlement applications from Zee Entertainment Enterprises Ltd (ZEEL) and its leadership regarding alleged violations of listing regulations. While continuing its investigation into the alleged...

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Moneylife Digital Team 02 January 2025
Coming down heavily on government authorities in regularising illegal constructions by condoning and ratifying the violations and illegalities, the Supreme Court (SC) ruled that all the necessary service connections, such as electricity, water supply and sewerage and loans, should be given by...

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SN Thyagarajan (Bar  and   Bench) 02 January 2025
The Competition Commission of India (CCI) recently closed a plea alleging that Coal India Limited (CIL) abused its dominant position by allegedly introducing one-sided terms in its 2022 e-auction scheme (Bijay Poddar Vs Coal India Limited).   The CCI did not find any prima facie merit in the...

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Moneylife Digital Team 02 January 2025
Megastar Foods Ltd paid Rs20.15 lakh to market regulator Securities and Exchange Board of India (SEBI) to settle charges of regulatory violations, including related-party transactions (RPT).    Amit Kapoor, adjudicating officer (AO) of SEBI, passed the settlement order stating that the market...

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Moneylife Digital Team 31 December 2024
Reserve Bank of India (RBI) has cancelled the certificate of registration (CoR) of Bihar-based Vaishali Shahari Vikas Cooperative Bank Ltd due to inadequate capital and the lender's poor earning prospects. RBI has asked Vaishali Shahari Vikas Cooperative Bank to stop banking business from 30...

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Moneylife Digital Team 31 December 2024
Reserve Bank of India (RBI) has imposed a penalty of Rs51.40 lakh on five cooperative banks for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs36.40 lakh has been imposed on Punjab Gramin Bank.   Other banks penalised by RBI are Yavatmal Urban...

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Moneylife Digital Team 31 December 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 lakh on Link Intime India Pvt Ltd, a registrar to an issue and share transfer agent (RTA), for failing to comply with cybersecurity regulations.    In an order, Amar Navlani, the adjudicating officer...

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