REGULATIONS


US regulators have issued their first-ever joint warning to banks over the risks associated with the cryptocurrency market, local media reported.   The watchdogs told financial institutions to be wary of potential fraud, legal uncertainty and misleading disclosures by digital asset...

Read More



Moneylife Digital Team 03 January 2023
Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks citing the violation of various laws prescribed by RBI. Of these, three belong to Maharashtra and the other to Himachal Pradesh. RBI levied a penalty of Rs8 lakh, the highest among four banks, on Himachal...

Read More



Moneylife Digital Team 02 January 2023
Market regulator Securities and Exchange Board of India (SEBI) on Friday imposed a penalty of Rs15 lakh on Asit C Mehta Investment Intermediaries for violating regulatory norms. Asit C Mehta Investment Intermediaries is a SEBI-registered stockbroker.   SEBI conducted a joint...

Read More



Moneylife Digital Team 02 January 2023
Markets watchdog Securities and Exchange Board of India (SEBI) on Friday asked stock exchanges and clearing corporations to put in place a platform to to give investors an opportunity to square off their position or cancel pending orders in case of disruption of trading services provided by...

Read More



Moneylife Digital Team 31 December 2022
The national company law tribunal (NCLT), Ahmedabad, has asked the interim resolution professional (IRP) appointed for Sintex Industries Ltd about the higher net present value of the resolution plan (RP) compared with the liquidation value calculated at the time of commencement of corporate...

Read More



Akshay Naik 31 December 2022
The draft Model Tenancy Act (MTA) put out by the housing ministry in 2015 and approved by the Union Cabinet in 2021 is a step in the right direction, but there are still several gaps that need to be addressed before enacting it into law.   The model law was intended to replace the...

Read More



Moneylife Digital Team 30 December 2022
In an order that has caught the market by surprise, Securities and Exchange Board of India (SEBI) has levied a penalty of Rs1 lakh each on DSP Investment Managers and DSP Trustee for bearing extra expense ratio of its DSP Nifty 50 ETF scheme on its own books. The DSP Nifty 50 ETF was launched...

Read More



Moneylife Digital Team 30 December 2022
Bank of India Mutual Fund (MF), its ex-CEO (chief executive officer) Sandeep Dasgupta, his wife, his daughter, chief compliance officer, chief investment officer and fund manager have collectively paid Rs3.92 crore to the Securities and Exchange Board of India (SEBI) to settle a case on...

Read More



Moneylife Digital Team 29 December 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a total penalty of Rs75 lakh on Indian Clearing Corp Ltd (ICCL) and NSE Clearing Corp for failing to alert stock exchanges about the diversion of client securities by Karvy Stock Broking Ltd (Karvy). While ICCL has...

Read More



Moneylife Digital Team 29 December 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs30 lakh on five people for indulging in stock manipulation in the scrip of Exdon Trading Co Ltd (ETCL). The SEBI investigation revealed that, without any noteworthy incident, the ETCL scrip jumped to...

Read More



Moneylife Digital Team 29 December 2022
The Securities and Exchange Board of India (SEBI) has issued a regulatory framework for index-providers to strengthen transparency and accountability in administering benchmark indices.    Under the new framework, index-providers offering indices for use in India need to be registered...

Read More



TruthInAdvertising.org 29 December 2022
In the last five years, consumers have reported losing more than $2 billion to government and business imposter scams. A proposed rule seeks to put some of those dollars back in the pockets of consumers.   On Friday, TINA.org filed a comment in support of the FTC’s proposed Rule on...

Read More



Moneylife Digital Team/IANS 28 December 2022
The Securities and Exchange Board of India (SEBI) has released a list of nine defaulters who have failed to pay up penalties imposed by the regulator. The list, published by SEBI, is different from the list of corporate bank defaulters. Several companies mentioned in the SEBI list have...

Read More



Moneylife Digital Team 28 December 2022
To streamline reporting, enhance efficiency and automate the payments fraud management process, the Reserve Bank of India (RBI) has decided to migrate the fraud reporting module to DAKSH – its advanced supervisory monitoring system from 1st January. This reporting was earlier facilitated...

Read More



Moneylife Digital Team 27 December 2022
In an important judgement, the Jaipur bench of the national company law tribunal (NCLT) ruled that once an order is passed for liquidation or a corporate debtor, the enforcement directorate (ED) cannot attach the company properties under the PMLA (Prevention of Money Laundering Act). The case...

Read More



Moneylife Digital Team 27 December 2022
The Securities and Exchange Board of India (SEBI) has issued an order to attach the bank and demat accounts of Sahara group companies, its chief Subrata Roy and others to recover Rs6.42 crore for violating regulatory norms in the issuance of optionally fully convertible debentures (OFCDs). In...

Read More



Moneylife Digital Team 27 December 2022
The national company law appellate tribunal (NCLAT) has upheld the Rs873-crore penalty imposed by fair trade regulator CCI (competition commission of India) on United Breweries and other beer-makers.   A two-member bench comprising justices Rakesh Kumar and Ashok Kumar Mishra said...

Read More



Moneylife Digital Team 27 December 2022
Market regulator Securities and Exchange Board of India (SEBI) seems to take illegal investment advisory firms to the task and is punishing them and their owners and partners. In the latest order, SEBI has asked Capproin Financial Advisory Services and its partners Sourabh Rai and Jasmeet...

Read More



Moneylife Digital Team 26 December 2022
Capital market regulator Securities and Exchange Board of India (SEBI) on Friday said it has initiated a detailed study of fees and expenses charged by mutual funds (MFs). The study would endeavour to provide data as input for policy formulations, SEBI said in a statement.   The...

Read More



Moneylife Digital Team 26 December 2022
CG Power and Industrial Solutions Ltd (CGPISL), previously known as Crompton Greaves Ltd, has been imposed with a fine of Rs5 lakh by market regulator Securities and Exchange Board of India (SEBI) for not disclosing loan default on due dates.   In a 17-page order issued last week, G...

Read More

Free Helpline
Legal Credit
Feedback