REGULATIONS


Moneylife Digital Team 11 August 2022
Coming out in open on the alleged corruption taking place in National Company Law Tribunal (NCLT), a resolution professional (RP) has placed a petition before the appellate tribunal and chief justice of India, describing the sorry state of affairs where crucial orders were allegedly handed...

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Moneylife Digital Team 11 August 2022
Market regulator Securities and Exchange Board of India (SEBI) says its SEBI Complaints Redress System (SCORES) platform has 3,058 complaints pending, with eight complaints pending for more than three months (90 days).   This is against the average resolution time of 26 days taken for...

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Moneylife Digital Team 10 August 2022
Paying heed to concerns raised by borrowers on digital loans, like the rampant engagement of third parties, mis-selling, breach of data privacy, unfair business conduct, charging of exorbitant interest rates and unethical recovery practices, the Reserve Bank of India (RBI) has asked all...

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Moneylife Digital Team 09 August 2022
The shortage of judicial and technical members threatens to halt regular proceedings at the National Company Law Tribunal (NCLT), possibly derailing a big reform of the Narendra Modi government. The shortage of members is a fact and it seemed to be confirmed by an authentic-looking circular...

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Moneylife Digital Team 09 August 2022
National Stock Exchange of India Ltd (NSE) has asked all its members to re-verify and share documents required for know-your-customer (KYC) for all of their clients who have given Sikkim as correspondence or permanent address. According to the sources, this is being done to keep a tab on the...

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Dr KR Shyam Sundar (The Leaflet) 09 August 2022
Nearly a year is set to expire, yet the government has managed the registration of only a little less than three-fourths of the total estimated unorganised workforce of 380 million.  —– Three major labour laws govern the welfare of often overlapping segments of unorganised workers:

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Sucheta Dalal Sucheta Dalal 09 August 2022
It is over two weeks since Zee Business channel’s investigative report titled “Operation Demat Daka” sent a chill down the spine of investors. Managing editor Anil Singhvi aired conversations and clippings over several episodes to show how the trading accounts of a few investors had been...

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Sucheta Dalal Sucheta Dalal 05 August 2022
The Securities Appellate Tribunal (SAT) has done it again. On 2 June 2022, it issued a brief 9-page order which throws out of the window the very philosophy of disclosure-based regulations that have underpinned all of SEBI’s (Securities and Exchange Board of India’s) actions for three...

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In a big relief for Reliance Industries, the Supreme Court on Friday directed the Securities and Exchange Board of India (Sebi) to allow the company access to certain documents in a case connected with the acquisition of RIL shares between 1994-2000.   A bench headed by Chief Justice...

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Moneylife Digital Team 04 August 2022
The Securities and Exchange Board of India (SBEI) has imposed a penalty of Rs3 lakh on BSE Ltd for indirectly engaging in activities unrelated to a stock exchange without the regulator's approval. The order came after SEBI examined investments made by BSE Ltd to ascertain whether the firm had...

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Moneylife Digital Team 04 August 2022
Securities and Exchange Board of India (SEBI) has restructured its advisory committee on market data that recommends policy measures pertaining to securities market data access and privacy.   The market data advisory committee will now have 20 members, the latest information on the...

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Moneylife Digital Team 04 August 2022
Market regulator Securities and Exchange Board of India (SEBI) has implemented new rules with effect from 1 August 2022 according to which brokers are required to report individual client-level allocation of funds. This means one customer’s funds cannot be used for another’s margin...

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Moneylife Digital Team 04 August 2022
Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs25 lakh on IIFL Securities for flouting regulatory norms in the matter related to ICICI General Lombard Insurance Company block deals back in 2019.   The market regulator conducted an investigation into the block...

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The government on Wednesday said it will withdraw its much-awaited Personal Data Protection Bill 2019 that has seen 81 amendments in the past three years and will now introduce a new Bill.   IT minister Ashwini Vaishnaw told members of the joint committee of the Parliament (JCP) that...

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The directorate of revenue intelligence (DRI) has detected customs duty evasion of around Rs2,217 crore by Vivo Mobile India Private Limited.   A show-cause notice has been issued to Vivo India demanding customs duty amounting to Rs2,217 crore, under the provisions of the Customs...

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Proposing a 30 per cent cap on the expenses of management for Indian general insurance companies, sector regulator IRDAI also wants them to have a policy detailing cost control measures which can be transferred to policyholders by way of reduced premium.   The Insurance Regulatory and...

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Moneylife Digital Team 03 August 2022
Fenton Investments and Arvind Singhania have settled with market regulator Securities and Exchange Board of India (SEBI), a case pertaining to alleged insider trading in the shares of Varun Beverages after paying Rs63 lakh. The two applicants proposed to settle the alleged violations of...

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The Department of Consumer Affairs has constituted a committee to develop a framework on checking fake and deceptive reviews in e-commerce.   Under the provisions of the Consumer Protection Act, 2019, a Central Consumer Protection Authority (CCPA) has been established, w.e.f July 24,...

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Amid rising complaints against mobile apps, the Centre has identified and blocked 348 apps developed by various countries, including China, for allegedly collecting user information for profiling citizens and transmitting it overseas in an unauthorised manner, the Parliament was told on...

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The Supreme Court (SC) on Monday said a company's director—not in charge or responsible for the conduct of the business at the relevant time—can't be held liable for dishonour of cheques, under the provisions of the Negotiable Instruments (NI) Act.   A bench of justices Indira...

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