REGULATIONS


Moneylife Digital Team 08 February 2023
Market regulator Securities and Exchange Board of India (SEBI) has banned GVM Research and its partners, Nilesh Joshi, Yashwant Sharma, and Ramesh Joshi, from markets for five years. The entity and the partners were found providing market advisory illegally and without obtaining registration...

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Moneylife Digital Team 08 February 2023
Market regulator Securities and Exchange Board of India (SEBI) has published a consultation paper on institutional mechanisms for stock brokers, including identification and surveillance of fraudulent practices like front running, price manipulation, insider trading, and spoofing. The paper...

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Moneylife Digital Team 07 February 2023
Market regulator Securities and Exchange Board of India (SEBI) has issued a guideline for enhanced obligations and responsibilities on qualified stock brokers (QSB). Market infrastructure institutions (MIIs) will carry out the enhanced monitoring of QSBs from 1 July 2023. In December last...

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IANS 07 February 2023
In the last one year, a total of 63 passengers have been placed in the "No Fly List" for unruly behaviour. These include two incidents of urinating that have come to the notice of the Directorate General of Civil Aviation (DGCA).   Minister of State for Civil Aviation, V.K. Singh in a...

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Moneylife Digital Team 06 February 2023
Setting aside revised orders passed by the Securities and Exchange Board of India (SEBI) against erstwhile promoters and others in the infamous Rs9,000-crore Satyam Computer Services fraud, the Securities Appellate Tribunal (SAT) directed the whole-time member (WTM) of SEBI to relook the...

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IANS 06 February 2023
Five months after the insurance Regulations Review Committee (RRC) was set up, the sub-group to look at the regulations for the intermediaries have not met even once.   The reason? A senior official of the Insurance Regulatory and Development Authority of India (IRDAI) has raised some...

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Moneylife Digital Team 06 February 2023
The Reserve Bank of India (RBI) has imposed a fine of Rs30 lakh on Bank of Baroda (BoB) for breaching stipulated transaction limits and failing to apply prescribed interest rates on term deposits. Separately, Northeast Small Finance Bank Ltd, Utkal Cooperative Bank Ltd and Krazybee Services...

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Moneylife Digital Team 04 February 2023
Reacting for the first time to the stock price crash of Adani group companies, market regulator Securities and Exchange Board of India (SEBI) says it seeks to maintain the orderly and efficient functioning of the market and has put in place a set of well-defined, publicly available...

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Moneylife Digital Team 03 February 2023
Allaying concerns over Indian banks' exposure to the Adani group, the Reserve Bank of India (RBI), without naming, clarified that the banking sector remains resilient and stable as per its current assessment.   In a statement, RBI says, "There have been media reports expressing...

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Sucheta Dalal Sucheta Dalal 03 February 2023
The Union Budget was high on feel-good rhetoric, promises and slogans, with an eye on the general elections. It, nevertheless, pays lip service to solving some of the contentious issues faced by ordinary people. There was also an absence of new experiments that have, in the past, triggered...

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Moneylife Digital Team 02 February 2023
Market regulator Securities and Exchange Board of India (SEBI) has asked alternative investment funds (AIFs) to undertake at least 10% of their secondary market trades in corporate bonds by value in a month by placing quotes on the request for quote (RFQ) platforms.    In a circular,...

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Moneylife Digital Team 02 February 2023
Market regulator Securities and Exchange Board of India (SEBI) asked stock exchanges and clearing corporations to implement the framework it prescribed in July 2020 to enable verification of upfront collection of margins from clients in cash and derivatives segments.   In the circular...

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Moneylife Digital Team 01 February 2023
With an aim to simplify know-your-customer (KYC) related procedure for opening bank accounts by foreign portfolio investors (FPIs), the Reserve Bank of India (RBI) has allowed banks to accept KYC done by a custodian or an intermediary regulated by Securities and Exchange Board of India...

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Moneylife Digital Team 01 February 2023
Reserve Bank of India (RBI) has appointed V Ramachandra as member of the advisory committee of Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL). He will be advising the administrator in the operations of the financial service providers during the corporate...

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Debashis Basu Debashis Basu 31 January 2023
There was much alarm, surprise and consternation last week when the market regulator, the Securities and Exchange Board of India (SEBI), released a study showing that 90% of active traders dabbling in derivatives such as futures & options (F&O) lost money in FY21-22. Even as more and more...

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The Supreme Court on Monday upheld the National Company Law Appellate Tribunal's (NCLAT) order directing the payment of provident fund and gratuity dues of the Jet Airway's former employees.   A bench, headed by Chief Justice D.Y. Chandrachud, said: "Anyone stepping in would know that...

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Moneylife Digital Team 31 January 2023
Market regulator Securities and Exchange Board of India (SEBI) has imposed a collective fine of Rs10 lakh on six promoters of JSG Leasing Ltd (JSG).   The investigation by SEBI found that the promoters of JSG Kaminiben Atulbhai Patni, Rakesh Bhailabhai Patel, Riddish Gopal Modi,...

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Moneylife Digital Team 31 January 2023
Market regulator Securities and Exchange Board of India (SEBI) has cancelled investment advisory registration of DS Capital Ventures Pvt Ltd for violating rules and regulations. SEBI investigation found that DS Capital committed serious contraventions including not addressing complaints...

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Moneylife Digital Team 31 January 2023
Market regulator Securities and Exchange Board of India (SEBI) has cancelled stock broker licenses of Kaynet Finance Ltd and Kaynet Commodities Pvt Ltd. Inquiry by designated authorities had recommended cancellation of the broking license since both the entities are no longer members of any...

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Moneylife Digital Team 28 January 2023
Market regulator Securities and Exchange Board of India (SEBI) has barred 24 entities from the markets for three years for indulging in price manipulation in the shares of Sulabh Engineers and Services Ltd (SESL). In view of the prohibition on the sale of securities, SEBI also clarified that...

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