REGULATIONS


A special CBI court here, hearing the National Stock Exchange (NSE) scam case, took an adverse view of the matter asking "who will invest in India with scams like this?"   CBI Judge Sanjeev Aggarwal of Rouse Avenue Court was hearing the matter in which Anand Subramanian, the ex-Group...

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The Patna High Court (HC) has directed Securities and Exchange Board of India (SEBI) to file its response, in writing on or before 25th March, on the matter pertaining to repayment to Sahara's investors.   It also directed that a "responsible officer" from the market regulator's head...

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Moneylife Digital Team 09 March 2022
Taking cognisance of misinformation being spread through social media, the Reserve Bank of India (RBI) has warned about using third parties for early redress of consumer grievances under the RBI’s integrated ombudsman scheme (RBI-IOS).     In a release, the central bank says, “It is...

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Moneylife Digital Team 08 March 2022
Market regulator Securities and Exchange Board of India (SEBI) has decided to increase the limit to Rs5 lakh from Rs2 lakh for investment through unified payments interface (UPI) mechanism.   In a circular, SEBI says, "...based on discussions with market participants, and in order to...

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Moneylife Digital Team 08 March 2022
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs20 lakh on four for indulging in non-genuine trades in BSE stock options. In four separate orders, SEBI imposed a fine of Rs5 lakh each on Sanjay Kumar Khetan (Hindu undivided family-HUF), Sanjay Dhody,...

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Moneylife Digital Team 08 March 2022
Market regulator Securities and Exchange Board of India (SEBI) has asked Essel group entity, Dish TV India Ltd (Dish TV), to ensure compliance with regulation 44(3) of the listing obligations and disclosure requirements (LODR) regulations by disclosing the voting results of the annual general...

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Moneylife Digital Team 07 March 2022
The Central Bureau of Investigation (CBI) on Sunday night swooped in and arrested the former National Stock Exchange (NSE) managing director (MD)  and chief executive  officer (CEO) Chitra Ramkrishna, accused of grave lapses at India's largest stock market including sharing confidential...

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Moneylife Digital Team 04 March 2022
Amidst the recent controversy over the dubious appointments, severe lapses in corporate governance and a spate of ongoing investigations, the National Stock Exchange (NSE) has begun the hunt for a new managing director (MD) and chief executive officer (CEO).    In an advertisement...

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Moneylife Digital Team 02 March 2022
Madhabi Puri Buch on Wednesday took charge as chairperson of the Securities and Exchange Board of India (SEBI). She replaces Ajay Tyagi, who served as SEBI chairman for five years.   After handing over charge, Mr Tyagi told media persons that the market regulator tried in earnest to...

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Sucheta Dalal Sucheta Dalal 02 March 2022
The issue of ghost loans or fake loans that can wreck a person’s credit report burst into the public domain when a large number of people began to discover that their credit scores had plummeted or their credit reports contained incorrect information about loans they had never...

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Central Bureau of Investigation (CBI) officials, probing the National Stock Exchange (NSE) fraud, now have NSE's former group operating officer Anand Subramanian's laptop under their lens.   Contacted by IANS, the officials were tight-lipped yet revealed that they were trying to get...

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Moneylife Digital Team 28 February 2022
Almost six months after the Securities and Exchange Board of India (SEBI) ordered a forensic audit, Hyderabad-based Brightcom Group Ltd (BGL) shared the order with the stock exchanges on Monday.   In a communication, BSE says, "The Exchange is in receipt of a letter dated 16 September...

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Moneylife Digital Team 28 February 2022
Madhabi Puri Buch has been appointed the new chairperson of market regulator Securities and Exchange Board of India (SEBI) for the next three years, say media reports. Ms Puri Buch, who was a whole-time member (WTM) between 2017 and 2021, will replace Ajay Tyagi as the new chief of...

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Moneylife Digital Team 25 February 2022
In a day of fast-moving developments, the Central Bureau of Investigation (CBI) first arrested Anand Subramanian, former group operating officer of National Stock Exchange (NSE) and is now understood to have confirmed that he was, indeed, masquerading as the mysterious Himalayan yogi who was...

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Rajendra H Gill 25 February 2022
The Reserve Bank of India (RBI), after choosing to be willfully blind through most of this financial year, has now finally awakened to the fact that zero-coupon par capitalisation bonds, as they are ambiguously called, which were issued by the government of India (GoI) to a few public sector...

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Moneylife Digital Team/IANS 25 February 2022
The Central Bureau of Investigation (CBI) has arrested Anand Subramanian, the former group operating officer of National Stock Exchange (NSE), from Chennai on the intervening night of Thursday and Friday.   A source told IANS that he will be produced before the concerned court. The...

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Moneylife Digital Team 24 February 2022
The Reserve Bank of India (RBI) on Thursday cancelled the certificate of registration of Delhi-based PC Financial Services Pvt Ltd (PCFS) for violation of its directions on outsourcing and know your customer (KYC) norms. The company was primarily engaged in mobile app-based lending operations...

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Sucheta Dalal Sucheta Dalal 23 February 2022
The best-laid plans of the Securities and Exchange Board of India (SEBI), the National Stock Exchange (NSE), the finance ministry and large institutional investors looking for a big, post-listing pay-off have been disrupted by a formless Himalayan yogi/siddha purush, with an email ID (

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Moneylife Digital Team 23 February 2022
The Advertising Standards Council of India (ASCI), which is the advertising industry’s self-governing body, has said, effective 1st April, all advertisements of crypto and non-fungible token (NFT),  crypto exchanges or VDA will carry the following disclaimer: “Crypto products and NFTs are...

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Moneylife Digital Team 22 February 2022
The Union government is looking at the lapses that took place at the National Stock Exchange (NSE) says finance minister (FM) Nirmala Sitharaman.                                 Addressing a press conference in Mumbai, the FM says, “Although you would perceive those charges involving...

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