REGULATIONS


IANS 22 September 2022
The two promoters of New Delhi Television Ltd (NDTV)—Prannoy Roy and Radhika Roy and their investment vehicle RRPR Holding Private Ltd—have approached the Supreme Court (SC) against the securities appellate tribunal (SAT).   In a regulatory filing by NDTV, the promoters had informed...

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Gaurav Saxena (The Leaflet) 22 September 2022
Surrogate advertisements, despite being admonished from time to time and being prohibited, still seem to be aired on the regular. One way out is to provide the ASCI with more power to take action against bad actors. Legal action could also be taken against the broadcasters who choose to...

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Moneylife Digital Team 21 September 2022
The Securities and Exchange Board of India (SEBI) has petitioned the Supreme Court (SC) to review its April 2022 decision in the PC Jeweller insider trading case. The apex court had overturned the capital markets regulator's ruling that separated/estranged family members of a promoter must be...

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IANS 21 September 2022
Markets regulator, the Securities and Exchange Board of India (SEBI) has said that any non-profit organisation (NPO), which wants to get listed, should be registered as a non-profit entity and the registration certificate should be valid for 12 months. Also, There should not be any ongoing...

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IANS 21 September 2022
Aiming to reduce delays and realise better value, the Insolvency and Bankruptcy Board of India (IBBI) has notified the IBBI (Liquidation Process) (Second Amendment) Regulations 2022 (Amendment Liquidation Regulations), and IBBI (Voluntary Liquidation Process) (Second Amendment) Regulations...

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Moneylife Digital Team 21 September 2022
The Supreme Court has upheld the acquittal of Abhijit Rajan, former chairman and managing director (CMD) of Gammon Infrastructure Projects Ltd (GIPL), in an insider trading case.    In an order, a bench of justice Indira Banerjee and justice V Ramasubramanian says, "...the information...

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IANS 21 September 2022
The Delhi High Court on Tuesday kept in abeyance an order of the Central Consumer Protection Authority (CCPA) which imposed a cost of Rs 1 lakh on e-commerce platform Amazon for selling sub-standard domestic pressure cookers.   However, Justice Yashwant Varma directed Amazon to...

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IANS 19 September 2022
Aiming decriminalisation of offences, the Central Board of Direct Taxes (CBDT) on Saturday issued revised guidelines for compounding of offences under the Income Tax Act, 1961 with reference to various offences covered under its prosecution provisions.   Some of the major changes made...

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Sucheta Dalal Sucheta Dalal 16 September 2022
In an astonishing development, even as the Indian rupee is in trouble, the Reserve Bank of India (RBI), on 22 August 2022, issued a circular ostensibly to permit overseas investment by persons resident in India, in order to "enhance the scale and scope of business operations of Indian...

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Sucheta Dalal Sucheta Dalal 16 September 2022
The problem of unclaimed money/assets (from bank deposits, shares, mutual funds, insurance, pensions and government saving schemes) is not unique to India. It happens all over the world. But most developed countries have found ways of dealing with it in a fair and equitable manner. India has...

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Debashis Basu Debashis Basu 16 September 2022
The market watchdog, the Securities and Exchange Board of India (SEBI), has now told stockbrokers, who provide algorithmic trading (algo trading), not to allow algo sellers to promise high returns on their trading platforms. Algos meant for retail investors, or retail algos as they are...

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Moneylife Digital Team 16 September 2022
Syndicate Bank was one of the country's oldest and major commercial banks in which the Union government held nearly 85% stake. Syndicate Bank has now been merged with Canara Bank, another public sector bank (PSB).   However, Syndicate Bank's risk assessment and inspection reports from...

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Moneylife Digital Team 16 September 2022
The Securities and Exchange Board of India (SEBI) has launched an investigation into the financial statements of Eros International Media Ltd (Eros) for FY18-19 to FY20-21, with a wide ambit, covering money transactions and agreements entered into by the company with at least 45...

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Moneylife Digital Team 15 September 2022
The Supreme Court (SC) has admitted a review petition filed by Axis Bank Ltd against a recent order passed in the corporate insolvency resolution process (CIRP) for Vidarbha Industries Power Ltd. The matter is listed for hearing on 19 September 2022 in open court before the bench of justice...

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IANS 14 September 2022
Soon e-commerce entities may face heavy penalty for posting fake reviews of products, as the government is finalising guidelines to curb such practices.   According to highly-placed sources, a committee formed by the department of consumer affairs is finalising changes in the norms...

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Moneylife Digital Team 14 September 2022
A Securities and Exchange Board of India (SEBI) special court has issued a bailable warrant against businessman and Sahara India Parivar founder Subrata Roy for not appearing before the court in connection with a cheating case worth more than Rs25,000 crore. Special judge VS Gaike was hearing...

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IANS 14 September 2022
E-commerce giant Amazon on Tuesday moved the Delhi High Court against an order of the Central Consumer Protection Authority (CCPA) which imposed a cost of Rs 1 lakh on it for selling sub-standard domestic pressure cookers.   The plea was listed before a bench of Justice Yashwant Varma...

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Moneylife Digital Team 13 September 2022
Madhabi Puri Buch, chairperson, Securities and Exchange Board of India  (SEBI) said a company is free to ask for a higher price when launching an initial public offering (IPO) and that the capital markets regulator has no business to suggest pricing of the initial share sale.    "A...

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IANS 13 September 2022
The bell curve appraisal system, junked by many big organisations including consultancy firm KPMG is being proposed to be implemented in General Insurance Corporation of India (GIC Re), the company unions said.   They also wondered as to how the bell curve appraisal system would be...

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Moneylife Digital Team 12 September 2022
The Securities and Exchange Board of India (SEBI) has barred Wishworth Financial Services and its proprietors Pankaj Khanchandani and Dheeraj Kapoor from the securities markets for four years and directed them to refund the money collected through unauthorised investment advisory...

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