REGULATIONS


Sucheta Dalal Sucheta Dalal 17 March 2022
The saga of a Siddhapurush / Himalayan yogi guiding decisions of the managing director (MD) of the National Stock Exchange (NSE) drowned out new findings in another equally huge scam whose investigation is dragging exactly like the co-location (Colo) scam. The forensic audit of IL&FS...

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Moneylife Digital Team 16 March 2022
The Banks Board Bureau, an autonomous body of government of India, has recommended three names for the position of managing director and chief executive officer (MD & CEO) of Union Bank of India, Indian Overseas Bank (IOB) and Punjab and Sind Bank. The Bureau also recommended Alok Kumar...

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There is no plan by the government to introduce cryptocurrency, the Parliament was told on Tuesday.   There is no plan to introduce a cryptocurrency and currently it is unregulated in India, Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha in a written...

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As many as 382,875 companies were struck off under the relevant section of Companies Act till FY21, the Parliament was informed on Tuesday.   The exercise was conducted as part of a special drives taken by the Registrar of Companies under section 248 (1) of the Companies Act, Minister...

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Moneylife Digital Team 15 March 2022
Securities and Exchange Board of India (SEBI) has issued some clarifications on transactions in the units of mutual funds (MFs) and has also shared guidelines for authentication in case of redemption of units.   The clarifications are related to transactions in units of MFs on stock...

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Moneylife Digital Team 14 March 2022
A special Central Bureau of Investigation (CBI) court on Monday sent Chitra Ramkrishna, former managing director and chief executive officer (MD & CEO) of National Stock Exchange (NSE), to 14 days of judicial custody. She will be lodged at Tihar Jail. The CBI is probing the alleged abuse of...

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Moneylife Digital Team 11 March 2022
In addition to a large team of the Central Bureau of Investigation (CBI) inquiring into the co-location (Colo) scam at the National Stock Exchange (NSE), we learn that the enforcement directorate (ED) has stepped in to examine a possible money laundering angle, sources told...

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Moneylife Digital Team 11 March 2022
After observing certain material supervisory concerns, the Reserve Bank of India (RBI) has directed Paytm Payments Bank Ltd to stop onboarding new customers with immediate effect.   RBI has also asked Paytm Payments Bank to appoint an information technology (IT) audit firm to conduct...

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In a latest development in the National Stock Exchange (NSE)scam case, Delhi's Rouse Avenue Court on Friday reserved its order on the bail plea moved by the accused former Group Operating Officer Anand Subramanian.   Subramanian through his counsel had moved the bail plea before the...

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Moneylife Digital Team 11 March 2022
To unearth market misconduct, the Securities and Exchange Board of India (SEBI) has conducted search and seizure operations at the premises of seven individuals and one corporate entity at multiple locations in Ahmedabad and Bhavnagar (in Gujarat), Neemuch (in Madhya Pradesh), Delhi, and...

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Moneylife Digital Team 10 March 2022
While much has been said about corporate governance in India, when it comes to its implementation or practice, it is not the private sector but entities owned by the government, which are mostly non-compliant with the law and regulations. This was revealed in the second edition of...

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Sucheta Dalal Sucheta Dalal 10 March 2022
On the eve of International Women’s Day, when the financial sector ought to have celebrated a woman finance minister and first woman market regulator, the arrest of Chitra Ramkrishna, once high-profile and much-feted former managing director (MD) and chief executive officer (CEO) of the...

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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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