REGULATIONS


Moneylife Digital Team 22 February 2022
Chitra Ramkrishna, the former chief executive officer & managing director (CEO & MD) of the National Stock Exchange (NSE) has resigned from the board of Reliance BP Mobility. The resignation came into effect from 19th February, eight days after an order of the Securities and Exchange Board of...

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Moneylife Digital Team 22 February 2022
The Central Bureau of Investigation (CBI), which is probing certain irregularities at the National Stock Exchange (NSE), questioned Anand Subramanian, the former group operating officer (GOO) of the bouse. Mr Subramanian was appointed as a chief strategic advisor and promoted as group chief...

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Sucheta Dalal Sucheta Dalal 22 February 2022
Two crucial investigations that could have significant implications on the algo scam or co-location (Colo) scam at the National Stock Exchange (NSE) that are pending conclusion and action are the key to estimating the size of the scam and profiteering from it. The first is about brokers being...

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IANS 21 February 2022
In a setback for the Securities Appellate Tribunal (SAT), the Supreme Court has expunged the former's uncalled remarks against former Member (Non-Life), Insurance Regulatory and Development Authority of India (IRDAI) P.J. Joseph.   The Supreme Court in its recent order on an appeal...

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Moneylife Digital Team/IANS 21 February 2022
The Central Bureau of Investigation (CBI) grilled Ravi Narain before Chitra Ramkrishna to probe certain irregularities related to the alleged abuse of co-location (Colo) facility by a stockbroker at the National Stock Exchange (NSE).   Mr Narain was the managing director (MD) and...

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Moneylife Digital Team 18 February 2022
The Securities & Exchange Board of India (SEBI) has sent notices to NEL Holdings South Ltd, popularly known as Nitesh Estates, in October 2021 and December 2021. This comes after a series of shenanigans such as criminal cases and auditor’s qualifications.   NEL Holdings South is a...

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Moneylife Digital Team/ IANS 18 February 2022
The Central Bureau of Investigation (CBI) has issued a ‘lookout circular (LOC)’ for Chitra Ramkrishna, Anand Subramanian and Ravi Narain, all three former top executives of the National Stock Exchange (NSE). CBI says this has been done as a precautionary measure.   CBI is now...

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Moneylife Digital Team 17 February 2022
The police in Telangana has, finally, registered a first information report (FIR) against Anugrah Stock & Broking Pvt Ltd (ASBPL), one of the 30 brokers of the National Stock Exchange (NSE) that have defaulted or been expelled since May 2019. Investors have lost over Rs1,200 crore in ASBPL,...

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Moneylife Digital Team 17 February 2022
Taking note of the outrage on the weak order passed by the Securities and Exchange Board of India (SEBI) and lapses in National Stock Exchange (NSE), which allowed its former managing director (MD) and chief executive officer (CEO) Chitra Ramkrishna to be let off easily, the ministry of...

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Moneylife Digital Team 17 February 2022
The income tax (I-T) department has conducted searches at the Mumbai residence of Chitra Ramakrishna, former managing director (MD) and chief executive officer (CEO) of the National Stock Exchange (NSE) and the ‘mysterious’ Anand Subramanian (Subbu), who was appointed and promoted as group...

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Sucheta Dalal Sucheta Dalal 16 February 2022
India has become a laughing stock, as the global media laps up reports of how a ‘Himalayan Yogi’ was the puppet master dictating the actions of Chitra Ramkrishna, celebrated managing director (MD) and chief executive officer (CEO) of the National Stock Exchange (NSE) who resigned abruptly in...

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Moneylife Digital Team 16 February 2022
CM Goenka Stock Brokers Pvt Ltd has become the 30th broker since May 2019, to be expelled by the National Stock Exchange (NSE) for default. According to NSE, the Jaipur, Rajasthan-based broker has been declared as a defaulter and expelled for misusing client funds. It is the second broker...

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IANS 16 February 2022
The Congress has attacked the government questioning the silence of the finance minister (FM) on the issue of an alleged ghost baba giving directions to Chitra Ramkrishna, the former chief executive officer (CEO) and managing director (MD) of the National Stock Exchange (NSE).   "The...

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Moneylife Digital Team 15 February 2022
Due to the very poor response from corporates on separating the roles of chairman, managing director (MD) and chief executive officer (CEO) before the April 2022 deadline, market regulator Securities and Exchange Board of India (SEBI) has decided to make its implementation voluntary for the...

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IANS 15 February 2022
The tussle between the Advertising Standards Council of India (ASCI) and EaseMyTrip over a 'misleading' consumer advertisement has reached its nadir as the leading travel platform has now filed a lawsuit against the advertising industry's self-regulatory body.   ASCI alleged in its...

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Moneylife Digital Team 14 February 2022
The Peoples' Commission on Public Sector and Public Services has urged the Union Cabinet secretary Rajiv Gauba to advise the Cabinet not to proceed further on government divesting some part of its stakes in Life Insurance Corporation of India (LIC).   The Peoples' Commission, a...

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Ranganathan V Ranganathan V 14 February 2022
The last one has heard of disembodied voices helping humans in distress to tide over a critical moment in the battlefield or to unknot a tricky issue, such as whether the king should have his son trampled by an elephant as punishment for violating the code of conduct for a prince, was in the...

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Moneylife Digital Team 12 February 2022
In a 100-page interim order, market regulator Securities and Exchange Board of India (SEBI) has finally issued an interim order following investigation into a letter from Pricewaterhouse Coopers (PwC) addressed to Reliance Housing Finance Ltd (RHFL) refusing to sign the audit report and...

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Moneylife Digital Team 12 February 2022
After a long delay of over six years, the Securities and Exchange Board of India (SEBI) has issued yet another order which finally exposes the most shocking misgovernance at the National Stock Exchange (NSE) in the period when the colocation scam was happening. What is worse, it appears that...

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Moneylife Digital Team 10 February 2022
Calling private crypto-currencies a threat to the macroeconomic and financial stability of the country, Shaktikanta Das, governor of the Reserve Bank of India (RBI), has warned investors to keep in mind that they are investing at their own risk.   Speaking with media after the...

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